In this briefing:
- Last Week in GER Research: Best World, Graincorp, Myob and New Century IPO
- Trade Talks/Huawei/ Stock Surprise/Monetary Policy /Greater Bay Area
1. Last Week in GER Research: Best World, Graincorp, Myob and New Century IPO
In this version of the GER weekly research wrap, we assess the controversy surrounding potentially inflated revenue concerns for Best World International (BEST SP) . Secondly, we dig into the latest M&A situation for Graincorp Ltd A (GNC AU) amidst a testy AGM and a slow resolution to a binding bid which may limit a bump. In addition, we update on the KKR bid for MYOB Group Ltd (MYO AU) which Arun contends is unlikely to receive a counter bid due to KKR’s blocking stake. Finally, we initiate on the IPO of hotelier Zhejiang New Century Hotel Management Group (ZHEKAIH HK). A calendar of upcoming catalysts is also attached.
More details can be found below.
Best of luck for the new week – Rickin, Venkat and Arun
2. Trade Talks/Huawei/ Stock Surprise/Monetary Policy /Greater Bay Area
China News That Matters
- Nearing an agreement?
- Can´t live with ´em, can´t live without ´em.
- Just a trillion greenbacks up since January.
- Prudence please, no “flood-style” irrigation.
- Wear flowers in your hair.
In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.
Get Straight to the Source on Smartkarma
Smartkarma supports the world’s leading investors with high-quality, timely, and actionable Insights. Subscribe now for unlimited access, or request a demo below.
