In today’s briefing:
- REIT Pair Trade: Long DCREIT SP/ Short KDCREIT SP
- Antler Joins SaaS Insurtech Platform CHOYS’s US$1.1M Seed Round
REIT Pair Trade: Long DCREIT SP/ Short KDCREIT SP
- After underperforming since listing, Digital Core REIT (DCREIT SP) has outperformed Keppel DC REIT (KDCREIT SP) over the last few months.
- However, Digital Core REIT (DCREIT SP) still trades at cheaper valuations as compared to Keppel DC REIT (KDCREIT SP).
- There could be relative outperformance over the next few weeks and any underperformance can be used to enter positions in the pair. There is an important catalyst.
Antler Joins SaaS Insurtech Platform CHOYS’s US$1.1M Seed Round
- CHOYS, a SaaS insurtech platform for corporate employees in Southeast Asia, has closed a US$1.1 million seed funding round with investors, including Wing Vasiksiri, Foremast, Antler, and Fintech Nation Fund.
- The company will use the money for its go-to-market strategy across Southeast Asia and to bolster its product development initiatives.
- Founded by Sharon Li and Vanessa Chen, CHOYS aims to make work life more meaningful and humanised.