In today’s briefing:
- China Traditional Chinese Medicine (570.HK) – The Privatization Rumor and the Outlook
- How Much Progress Has Been Made in Understanding the Concept of Shareholder Capitalism Since 1990s?
- REIT Watch – Healthcare S-Reits capture Japan opportunities with expanding footprint
China Traditional Chinese Medicine (570.HK) – The Privatization Rumor and the Outlook
- China TCM’s privatization rumor led to large fluctuation of its share price last week. Since there have been related rumors twice, this may not be completely over yet.
- China TCM’s performance may not rebound quickly due to short-term challenges in concentrated TCM granules business.
- However, the decline in the revenue side could be a temporary phenomenon. After a difficult period, if the Company’s business could recover as expected, share price would rebound.
How Much Progress Has Been Made in Understanding the Concept of Shareholder Capitalism Since 1990s?
- Looking back at the genesis of the scandals that are still recurring, the cause has always been lack of awareness of legal compliance. When cross-shareholdings were prevalent, shareholders were underestimated.
- How widespread has the understanding of the concept of shareholder capitalism, including the cost of capital, become? The starting point is that management must comply with legal compliance.
- The problem is that the statutory auditors had the authority to function even though independent directors didn’t exist. Diversity is important to create a board of directors that can dissent.
REIT Watch – Healthcare S-Reits capture Japan opportunities with expanding footprint
- Healthcare S-REITs capture Japan opportunities with expanding footprint Both ParkwayLife Reit (37.1 per cent of its asset value) and First Reit (22.8 per cent of its assets under management) have significant exposure to Japan nursing homes and healthcare-related properties through recent acquisitions.
- First Reit now has 14 out of its 32 Asian healthcare assets in Japan nursing homes which are operated by five independent and experienced nursing home operators.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
