In today’s briefing:
- MV Australia A-REITs Index Rebalance: Ingenia Communities Deleted
- Bajaj Housing Finance IPO – Valuation Might Get Stretched from Demand Overflow
MV Australia A-REITs Index Rebalance: Ingenia Communities Deleted
- Ingenia Communities (INA AU) will be deleted from the Vaneck Vectors Australian Property ETF (MVA AU) in September. There are float changes and capping changes too.
- Estimated one-way turnover is 2.9% and will result in a one-way trade of A$19m.
- After declining over the last year, shorts have started to tick higher in Ingenia Communities (INA AU).
Bajaj Housing Finance IPO – Valuation Might Get Stretched from Demand Overflow
- Bajaj Housing Finance (BHF IN) raised around US$800m in its India IPO.
- BHF is a non-deposit taking housing finance company engaged in mortgage lending since FY18. Its mortgage products include home loans, loans against property, lease rental discounting and developer financing.
- In our previous notes, we looked at the company’s past performance and valuation. In this note, we will talk about the trading dynamics.
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