In today’s briefing:
- Merger Arb Mondays (20 Feb) – AAG Energy, Yashili, Toyo, Nitro, Origin Energy, Newcrest, O2Micro
- NIFTY Mar 23 Rebal: Quiddity Flow Expectations
- Deep-Dive 2023-3: Boustead Singapore (BOCS SP)
Merger Arb Mondays (20 Feb) – AAG Energy, Yashili, Toyo, Nitro, Origin Energy, Newcrest, O2Micro
- We summarise the latest spreads and newsflow of merger arb situations covered by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Philippines, Thailand and Chinese ADRs.
- Highest spreads – 21Vianet Group (VNET US), Alliance Aviation Services (AQZ AU), Origin Energy (ORG AU), 111 Inc (YI US), Golden Energy & Resources (GER SP), Genesis Minerals (GMD AU).
- Lowest spreads – Boustead Projects (BOCJ SP), Ihara Science (5999 JP), Nitro Software Ltd (NTO AU), Tyro Payments (TYR AU), Essential Metals (ESS AU), Warrego Energy (WGO AU).
NIFTY Mar 23 Rebal: Quiddity Flow Expectations
- The March 2023 Rebalance results for the NIFTY broad market Indices were announced after the close on Friday 17th February 2023.
- In my previous insights, I highlighted Pidilite Industries (PIDI IN) as a potential ADD for NIFTY 50 but it will not be added in March 2023. There are no changes.
- However, for NIFTY 100 (& NIFTY Next 50), 4/5 Expected ADDs and 5/5 Expected DELs were predicted correctly.
Deep-Dive 2023-3: Boustead Singapore (BOCS SP)
- The company was founded in 1828 as a British trading house, active across rubber plantations, tin smelting, trading of oil products, shipping, distribution of consumer goods and more.
- After Singapore become an independent country, Boustead Singapore was spun off from its Malaysian and British counterparts.
- In 1996, the company became controlled by entrepreneur FF Wong.
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