In today’s briefing:
- NIO Secondary Listing (9866 HK): Index Entry & Flow; HSCEI 22/23 Div Steepener Catalyst
- Chuo Gyorui to Take Out Hohsui – Done Deal Easy Peasy.
- Morinaga (2201) Mostly Exits Morinaga Milk (2264) – Big Buyback
- Singapore Press Holdings – Aiyoh, Cuscaden Scheme No Chiong Finish. Sian. Money in May Agak Agak!
- Will Tesla Get Good News This Week?
- Globus Spirits: Forensic Analysis
NIO Secondary Listing (9866 HK): Index Entry & Flow; HSCEI 22/23 Div Steepener Catalyst
- NIO Inc (NIO US) has applied to list in Hong Kong by way of Introduction. No new shares will be issued or sold in connection with the Secondary Listing.
- NIO Inc (9866 HK) will not get Fast Entry to the HSCEI INDEX and is unlikely to get Fast Entry to the Hang Seng Tech Index (HSTECH INDEX) either.
- NIO Inc (9866 HK) should be included in the HSTECH INDEX in June, while inclusion in the HSCEI INDEX in September will require the stock to trade higher.
Chuo Gyorui to Take Out Hohsui – Done Deal Easy Peasy.
- This is an agreement between one fish merchant Chuo Gyorui (8030 JP) and another fish merchant Nissui (1332 JP) to take over a third fish merchant, Hohsui Corp (1352 JP).
- And the takeover PER and forecast PCFR are low. But there really is nothing fishy here. Hohsui has a lot of debt.
- This is a done deal and there is nothing anyone can do about it.
Morinaga (2201) Mostly Exits Morinaga Milk (2264) – Big Buyback
- Morinaga & Co is selling down a near-10% stake in Morinaga Milk in a ToSTNeT-3 buyback on 1 March.
- Morinaga Milk will see an EPS and ROE uplift. Eventually, there are a lot more cross-holdings to buy back.
- Near-, medium-, and longer-term there are different flow patterns worth understanding if you have a position or are looking for one. If you want to sell lots, you can tomorrow.
Singapore Press Holdings – Aiyoh, Cuscaden Scheme No Chiong Finish. Sian. Money in May Agak Agak!
- The Cuscaden Scheme Composite Document is out. Finally. No points for the own time own target completion to the own time own target restructuring.
- With the electronic despatch and an approximate timetable, last traded price gives 7.7% annualised agak agak.
- At S$2.33, shareholders can lepak this to the close pretty easily.
Will Tesla Get Good News This Week?
- Tesla’s is in a slump entirely of its own making—and totally predictable.
- Waves of recalls and lawsuits and government probes. Profitability has a serious asterisk. Market share is shrinking.
- January monthly sales were sad. Will February results look better?
Globus Spirits: Forensic Analysis
- Globus Spirits (GBSL IN) , incorporated in 1993, is engaged in manufacturing, marketing and sale of industrial alcohol comprising rectified spirit, ENA and IMFL.
- Over the years, GSL has successfully got transformed from a grain-based bulk alcohol manufacturer to a 360° alcohol beverage segment player.
- The story of GSL has had some setbacks, however there are also positives in the form of margin boost, debt reduction and better efficiency.
Before it’s here, it’s on Smartkarma
