In today’s briefing:
- Quiddity Primer for SSE 50/180/380 Index Rebalance Events
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Itochu Techno, Superloop/Symbio, Dali Foods, Allkem, Oishi
- Martin Marietta Materials Inc.: 5 Critical Highlights From The Recent Financial Performance! – Financial Forecasts
- Valero Energy Corporation: 4 Major Drivers Responsible For Their Future Growth – Financial Forecasts
Quiddity Primer for SSE 50/180/380 Index Rebalance Events
- SSE 50 and SSE180, respectively, aim to represent the performance of the 50 and 180 largest and most liquid A-share stocks listed on Shanghai Stock Exchange.
- SSE 380 consists of 380 mid-cap stocks which are selected from the remaining Shanghai listed A-shares after the constituents of SSE 180 Index.
- In this insight, we take a brief look at the index selection methodology and the historical price and volume performance of the SSE 50/180/380 index rebalance baskets.
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Itochu Techno, Superloop/Symbio, Dali Foods, Allkem, Oishi
- I tally 43 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Two new deals this week: Itochu Corp (8001 JP)‘s Tender Offer for Itochu Techno Solutions (4739 JP), and the Superloop Ltd (SLC AU) / Symbio Holdings (SYM AU) merger.
- Key updates took place forDali Foods Group (3799 HK), Allkem Ltd (AKE AU), and Oishi Group PCL (OISHI TB)
Martin Marietta Materials Inc.: 5 Critical Highlights From The Recent Financial Performance! – Financial Forecasts
- Martin Marietta Materials delivered an all-around beat in the most recent quarterly results.
- Martin Marietta achieved robust results across many areas, which includes an increase in consolidated total revenues, consolidated gross profit, adjusted EBITDA, and aggregates gross profit.
- We give Martin Marietta Materials a ‘Hold’ rating with a revised target price.
Valero Energy Corporation: 4 Major Drivers Responsible For Their Future Growth – Financial Forecasts
- Valero Energy Corporation delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.
- The refineries of Valero ran well with the throughput capacity utilization because refinery margins were supported by continuous demand balances and tight product supply.
- We give Valero Energy Corporation a ‘Hold’ rating with a revised target price.
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