In today’s briefing:
- Olam’s Demerger: The Sum Is Probably Greater Than The Whole
- Fast Retailing: Siding with Russia Could Be a Recipe for a Boycott
- India Channel Insight #28 | What Is the Two-Wheeler EV Scene in India?
- ActivistTalk: The Activist Excitement Surrounding Bed, Bath & Beyond Could Be Short-Lived This Time
- Underpenetrated market paving the way for growth
Olam’s Demerger: The Sum Is Probably Greater Than The Whole
- The High Court of Singapore has now sanctioned the proposed restructuring of Olam International (OLAM SP) and the proposed listing of OFI Group.
- Entitlement in respect of the Scheme will close on the 11 March. The last day of trading is the 9 March. The listing of OFI is expected in the 2Q22.
- With many grain/agri prices touching record highs amid war in Ukraine, boasting an upstream supply is not a bad thing. But the timing of OFI’s listing could work both ways.
Fast Retailing: Siding with Russia Could Be a Recipe for a Boycott
- It was reported yesterday that Uniqlo plans to continue doing business in Russia despite the Ukraine war situation.
- Fast Retailing (9983 JP)’s decision to continue doing business in Russia has not gone too well with some of its customers.
- If this leads to a fully blown boycott, the price impact could be significant as the company’s valuation remains towards the expensive side even after a 45% drop in valuation.
India Channel Insight #28 | What Is the Two-Wheeler EV Scene in India?
- We visit dealers of Honda Motor (7267 JP) , Hero Motocorp (HMCL IN) and TVS Motor (TVSL IN) to understand the current demand environment for Electric Vehicles(EV).
- High fuel prices and a very low base lead to high growth for EV OEMs
- Customers are waiting for launches from legacy players and a reduction in battery cost to decide the best alternative, but this is costing the overall 2W industry lower volumes.
ActivistTalk: The Activist Excitement Surrounding Bed, Bath & Beyond Could Be Short-Lived This Time
- BBBY’s slower than hoped for turnaround has caught the attention of another activist, GameStop (GME US) Chairman Ryan Cohen’s RC Ventures
- Cohen is urging BBBY to spin-off its outperforming buy buy BABY business or sell BBBY as is outright in a Go-Private transaction
- With the long-term impact of the latest development uncertain, the boost already given to the shares may prove short-lived leaving additional share price strength an even better reason to exit
Underpenetrated market paving the way for growth
- VBL has a diversified growth strategy, with multiple levers in place to drive its long-term growth.
- We expect volume growth momentum to continue, with: a gradual gain in market share on increasing penetration in underpenetrated markets, higher acceptance of recently launched products, and ramp-up of.
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