In today’s briefing:
- Quiddity A/H Premium Monitor 🦄 (As of 25 Aug 2023)
- Activist Investor Stirs the Pot: Is Hanesbrands on the Brink of a Comeback? – Key Drivers
- Weekly Deals Digest (27 Aug) – Golden Eagle, Costa, Boustead, UMW, ARM, Integral, S.F. Holding
- For Diversity to Be Perceived as Not Special, Managers’ Recognition Needs to Move Toward DE&I
Quiddity A/H Premium Monitor 🦄 (As of 25 Aug 2023)
- This week it is changed from H/A Discount to A/H Premium, by popular demand. Some Northbound data is added. We kept the unicorn.
- Last week saw a win/loss ratio of 21:13. Average recommended pair on the week earned 0.9% if Sunday recos executed Monday close, 1.35% if executed Monday VWAP.
- 6 Unwinds and 3 new trades recommended this week. As always, feedback desired to make this even better.
Activist Investor Stirs the Pot: Is Hanesbrands on the Brink of a Comeback? – Key Drivers
- This is a special one-time report on Hanesbrands Inc, a company that is internationally recognized for its Hanes underwear and Champion sportswear and has recently garnered the attention of the New York-based hedge fund, Barington Capital Group LP.
- With its acquisition of a stake in Hanesbrands, which is slightly below 1%, Barington has initiated active dialogues with the company’s board and management.
- At the heart of their concerns is Hanesbrands’ subpar performance when placed side by side with its industry competitors and the wider market.
Weekly Deals Digest (27 Aug) – Golden Eagle, Costa, Boustead, UMW, ARM, Integral, S.F. Holding
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments – ARM Holdings (1822695D US), Integral Corporation (5842 JP) and S.F. Holding (002352 CH) IPOs.
- Event-Driven developments – Boustead Plantations (BPLANT MK), UMW Holdings (UMWH MK), Eoflow (294090 KS), Golden Eagle Retail (3308 HK), Costa Group Holdings (CGC AU), Metro Pacific Investments Co (MPI PM).
For Diversity to Be Perceived as Not Special, Managers’ Recognition Needs to Move Toward DE&I
- Metrical’s research shows that % of female board members has significant positive correlation with ROE(2019), with ROA(2020), with ROA and Tobin’s Q(2021), and with ROE, ROA and Tobin’s Q(June 2023).
- A measure of a company’s seriousness about diversity is the ratio of internal executive directors. Female directors rely heavily on outside directors and are rarely promoted from within the company.
- To bring value to a company, diversity must be built in at every workplace level, but fewer female employees than male are promoted to managerial positions in two-thirds of companies.
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