In today’s briefing:
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Newmont/Newcrest, StanChart, Boustead Proj., Ihara, Iwasaki
- Ball Corporation: Details of Product Offerings & Key Drivers
- Equinor: Dividends Rising At The Norwegian Energy Major After 75% Price Gains
- Exxon Mobil: Major Drivers
- International Paper: Major Drivers
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Newmont/Newcrest, StanChart, Boustead Proj., Ihara, Iwasaki
- There are 41 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Five new deal was discussed on Smartkarma this past week: Newmont/Newcrest; First Abu Dhabi Bank/Standard Chartered, Boustead Projects (BOCJ SP); Ihara Science (5999 JP), and Iwasaki Electric (6924 JP).
- Key updates took place for: Nitro Software Ltd (NTO AU), Toshiba Corp (6502 JP), and Halcyon Agri (HACL SP).
Ball Corporation: Details of Product Offerings & Key Drivers
- Ball’s performance in the quarter was extremely disappointing and the company missed out on meeting Wall Street expectations with respect to revenues as well as earnings.
- The company did see a decent performance in EMEA aerospace and aerosol operations, especially in its newly constructed facilities in EMEA.
- The management believes that Ball’s aerospace and aerosol segments are having ongoing success and will complement the activities of its global beverage operations.
Equinor: Dividends Rising At The Norwegian Energy Major After 75% Price Gains
- Equinor rose 75% over the three-year period but has stalled.
- European gas prices may be nearing a bottom, according to the company.
- The company’s 10-year outlook looks good after record profits this quarter. It has been offered as an alternative to U.S.
Exxon Mobil: Major Drivers
- Exxon Mobil delivered a mixed set of results for the last quarter.
- The company’s cash flow performance was solid.
- Exxon merged its downstream and chemical businesses to create Product Solutions, one of the world’s biggest fuels, chemicals, and lubricants companies.
International Paper: Major Drivers
- Despite high inflation and declining demand in the second half of the year, International Paper managed a fair result.
- Despite the strong marketing efforts, the company failed to meet the revenue expectations of Wall Street.
- International Paper has made strategic investments to support the profitable development potential across its Industrial Packaging business.
💡 Before it’s here, it’s on Smartkarma
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