In today’s briefing:
- Flow Dynamics from NPS Exercising Appraisal Rights on Doosan Merger
- Doosan Group Is Likely To Cancel Its Restructuring Plans
- AMFI Stock Reclassification Preview (Dec 2024): Recent Large IPOs Lead to Big Downward Shift
- Fluence Corp Ltd – Material project gets the green light
Flow Dynamics from NPS Exercising Appraisal Rights on Doosan Merger
- If stocks close above the appraisal prices on the 10th, NPS will support the merger; otherwise, they’ll abstain to secure their appraisal rights.
- Due to cancellation risk hitting the ceiling, NPS will likely exercise half its position and start buybacks after the results.
- With both stocks heavily weighted in KOSPI 200, NPS is likely to opt for a tight buyback window, boosting chances for upward price action on Doosan’s shares in that period.
Doosan Group Is Likely To Cancel Its Restructuring Plans
- In the next several days, it is likely that the Doosan Group is likely to cancel its restructuring plan involving Doosan Enerbility, Doosan Bobcat, and Doosan Robotics.
- As a result of the sharp decline in share prices of major Doosan Group companies, the cost of appraisal rights may be too much for the Doosan Group.
- Despite the negative impact of recent political events in Korea, a cancellation of Doosan Group restructuring plan could have a near-term positive impact on all the major Doosan Group companies.
AMFI Stock Reclassification Preview (Dec 2024): Recent Large IPOs Lead to Big Downward Shift
- We see 7 stocks moving from MidCap to LargeCap, 11 stocks moving from LargeCap to MidCap, 4 stocks from SmallCap to MidCap, and 11 stocks from MidCap to SmallCap.
- From the new listings, 4 stocks are expected to be added to Large Cap, 3 stocks to Mid Cap, and multiple stocks to Small Cap.
- There are multiple stocks among the AMFI changes that will be changes for the NSE Nifty Next 50 Index (NIFTYJR INDEX) and/or Nifty Midcap 150 Index in March.
Fluence Corp Ltd – Material project gets the green light
- RaaS has published a flash comment on environmental services company Fluence Corporation (ASX:FLC) following its recent announcement it has received the notice to proceed from ONEP, The Ivory Coast National Drinking Water Organisation, in respect to the €48.4m addendum to its contract to construct the 150,000 m3/day Lagube D’Aghien Water Treatment Plant.
- This is a critical step in the progress of the previously delayed IVC project.
- The project delay was the main driver behind the recent company downgrade, so its progress is a material positive.
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