In today’s briefing:
- Index Rebalance & ETF Flow Recap: SZSE1000, NIFTY, HDFC/HDFCB, Ming Yuan, Blibli, KMB IN
- Nearmap’s Spread Widens, Scheme Meeting on 25 November
- Nearmap (NEA AU): 25 Nov Scheme Meeting. IE Says Fair & Reasonable
- FDR’s Trade Embargo on Oil (Japan) & Biden’s Sanctions on China’s Semi Sector – Prelude to Disaster?
- Akamai Technologies: Malware Protection For APIs and Apps
- Accenture plc: Acquisition of MacGregor Partners & Other Drivers
- ZoomInfo Technologies Inc: ZoomInfo Labs Launch & Other Drivers
Index Rebalance & ETF Flow Recap: SZSE1000, NIFTY, HDFC/HDFCB, Ming Yuan, Blibli, KMB IN
- The review period for the MSCI November SAIR started during the week and will run till 31 October. The TPX INDEX October rebalance will be implemented close on 28 October.
- The HDFC/ HDFCB merger is progressing faster than expected. NSE Indices has started a market consultation on treatment of mergers and demergers in their indices.
- There have been big redemptions in iShares MSCI Emerging Markets (EEM US) and iShares Core MSCI Emerging Markets ETF (IEMG US) during the week. Tracker Fund had big inflows.
Nearmap’s Spread Widens, Scheme Meeting on 25 November
- The IE considers Thoma Bravo’s A$2.10 offer fair and reasonable as it is within its valuation range of A$1.94 to A$2.45 per share (but the below the midpoint of A$2.20).
- The spread has risen due to suggestions that some investors aim to block the scheme. These investors aim for a bump but will likely settle for the offer if unsuccessful.
- At Nearmap Ltd (NEA AU)‘s last close price and for the 15 December payment, the gross and annualised spread is 5.8% and 44.5%, respectively.
Nearmap (NEA AU): 25 Nov Scheme Meeting. IE Says Fair & Reasonable
- On the 15 August, mapping technology outfit Nearmap Ltd (NEA AU) unanimously backed Thoma Bravo’s A$2.10/share Offer by way of a Scheme of Arrangement.
- The Scheme Booklet has now been lodged with ASIC. The Independent Expert reckons the Offer is fair and reasonable.
- The Scheme Meeting will be held on the 25 November, as previously flagged in August’s SID, with an expected implementation on the 15 December.
FDR’s Trade Embargo on Oil (Japan) & Biden’s Sanctions on China’s Semi Sector – Prelude to Disaster?
- In the past couple of weeks, there have been tremendous sanctions by the US government on China’s semiconductor sector.
- In this insight, we compare this move to the US government putting a trade embargo on oil against Japan nearly 81 years ago.
- If there are severe disruptions to the semiconductor market in China, this will likely to have negative impact on the two Korean semi giants Samsung Electronics and SK Hynix.
Akamai Technologies: Malware Protection For APIs and Apps
- After a steady correction over the past few months, Akamai’s stock has been appreciating steadily with its results being a few days away.
- Akamai has been leveraging its financial strength to make substantial investments in cloud computing and financial strength.
- The company’s security portfolio of zero trust enterprise has been performing well with several significant customer wins.
Accenture plc: Acquisition of MacGregor Partners & Other Drivers
- Accenture delivered a good performance in its last result surpassing Wall Street expectations in terms of revenues as well as earnings.
- The company’s revenues grew in local currency which was driven by double-digit growth across all industries, services, and markets.
- The cloud business of Accenture performed well, with Cloud First being one of the big drivers of growth.
ZoomInfo Technologies Inc: ZoomInfo Labs Launch & Other Drivers
- With its next set of results around the corner, ZoomInfo Technologies definitely has a lot to look forward to.
- The company’s stock has remained stable in an otherwise bearish environment for the technology industry.
- We provide the stock of ZoomInfo with a ‘Buy’ rating with a revision in the target price.
💡 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
