In today’s briefing:
- Last Week In Event SPACE: Renault/Nissan, Toshiba, Golden Energy, Bilibili, Shinsei, Macau Casinos
- Korean Holdcos Vs Opcos Gap Spreads Opportunities Amid Market Carnage
- FTSE TWSE Dividend+ Quiddity Leaderboard Dec 22: New Methodology! Massive Flow Implications!
- (Mostly) Asia-Pac Weekly Risk Arb Wrap: Elmo Software; Golden Energy, Kingston Financial, Pushpay
- Hong Kong CEO & Director Dealings: 14th Oct: Lion Rock, VCredit, Zhongsheng, Concord New Energy
- FTSE TWSE 50 & 100 Quiddity Leaderboard Dec 22: Greatek Facing Div+ Index Deletion
Last Week In Event SPACE: Renault/Nissan, Toshiba, Golden Energy, Bilibili, Shinsei, Macau Casinos
- In April, reportedly Renault (RNO FP) might sell Nissan (7201 JP) shares to support EV investments. We have news talks are coming to a head. The results won’t be pretty.
- The Nikkei says the JIP consortium is the “Preferred Bidder” for Toshiba Corp (6502 JP). That is a stalking horse. The proposed price of ¥2.5trn is also a stalking horse
- Reportedly the Widjaja Family may be looking to take Indonesian/Australian energy/met coal play Golden Energy & Resources (GER SP) private.
Korean Holdcos Vs Opcos Gap Spreads Opportunities Amid Market Carnage
- In this insight, we highlight the pricing gap divergence of the major Korean holdcos and opcos amid market carnage.
- In general, more holdcos/quasi-holdcos have been outperforming the opcos in the past year, as compared to the previous years as more investors seek value-oriented, deep NAV discount stocks.
- We highlight 26 pair trades that involve Korean holdcos and opcos.
FTSE TWSE Dividend+ Quiddity Leaderboard Dec 22: New Methodology! Massive Flow Implications!
- On 20th September 2022, FTSE Russell commenced a market consultation with a goal of increasing the constituent count of the FTSE TWSE Taiwan Dividend+ Index from 30 to 50.
- On 13th October 2022, FTSE Russell confirmed that the number of constituents in the FTSE TWSE Taiwan Dividend+ Index will be increased from 30 to 50.
- In this insight, we take a look at the updated Ground Rules and Quiddity’s expectations for index flows during the December 2022 Rebalance.
(Mostly) Asia-Pac Weekly Risk Arb Wrap: Elmo Software; Golden Energy, Kingston Financial, Pushpay
- There are 49 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Three new (possible) deals discussed this week: KKR’s tilt for Elmo (ELO AU); Widjaja Family’s move on Golden Energy & Resources (GER SP), Chu’s bid for Kingston Financial (1031 HK)
- Key updates took place for Toshiba Corp (6502 JP), Pushpay Holdings (PPH NZ), True Corp Pcl (TRUE TB) / Total Access Communication (DTAC TB), and PTB Group (PTB AU).
Hong Kong CEO & Director Dealings: 14th Oct: Lion Rock, VCredit, Zhongsheng, Concord New Energy
- The data in this insight is collated from the “shareholding disclosure” link on the HKEx website.
- Often there is a corresponding HKEx announcement on the increase – or decrease – in the shareholding by directors. However, such disclosures are by no means an absolute.
- These insights may flag those companies where shares have been pledged. Stocks mentioned include Lion Rock (1127 HK), VCredit (2003 HK), Zhongsheng (881 HK), and Concord New Energy (182 HK).
FTSE TWSE 50 & 100 Quiddity Leaderboard Dec 22: Greatek Facing Div+ Index Deletion
- In this insight, we take a look at the names leading the race to become ADDITIONs/DELETIONs for the Taiwan 50 and Taiwan Mid-Cap 100 Indices for the December 2022 Rebalance.
- There could be one change in the Taiwan 50 Index and three changes in the Taiwan Mid-Cap 100 index.
- There are multiple names close to the borders and there could be more ranking changes before the base date for review (21st November 2022).
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