In today’s briefing:
- Malaysia Airports (MAHB MK): IFA Says NOT Fair, But Reasonable; And To Accept Terms
- Monthly Container Shipping Tracker: November Pricing Weaker | January ILA Strike? (December 2024)
Malaysia Airports (MAHB MK): IFA Says NOT Fair, But Reasonable; And To Accept Terms
- Back on the 15th May, a consortium (Khazanah Nasional, EPF, the Abu Dhabi Investment Authority, and Global Infrastructure Partners) collectively holding 41.22%, launched an Offer for Malaysia Airports (MAHB MK).
- After some political gymnastics, MAHB squared away the necessary regulatory approvals, and a firm Offer was made on the 15th November. The Offer Doc dispatched on the 6th December.
- In the Circular on Friday, the IFA said NOT fair – with reference to a SOTP; but reasonable referencing historical market pricing and that no competing Offer will emerge.
Monthly Container Shipping Tracker: November Pricing Weaker | January ILA Strike? (December 2024)
- November’s pricing weakness vs Summer peak is among the sharpest declines in 10+ years
- A work stoppage at some US ports could hit in January, but impact likely muted
- Share prices under pressure as investors begin pricing in softer conditions in 2025
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