In today’s briefing:
- Last Week in Event SPACE: Russia/Indices, Prosus, Virtus, Crown, Nexon, Hitachi Metals
- Index Rebalance & ETF Flow Recap: NKY, FTSE CH50/A50/TW50/EPRA, S&P/ASX, KRX New Deal, NIO, Russia
- Asia-Pac Weekly Risk Arb Summary: Asia Pacific Telecom, Sezzle, Singapore Press, DTAC/True
Last Week in Event SPACE: Russia/Indices, Prosus, Virtus, Crown, Nexon, Hitachi Metals
- Major global indices have relegated Russia to the “standalone” and “unclassified” market status. Talk of significant flows into major non-Russia EM markets such as China, Taiwan, Korea, etc is misguided.
- Even if OLX and VK Group are written down to zero, the fall in Prosus (PRX NA)‘s implied stub has overshot the mark
- The founder and former chairman and CEO of Nexon (3659 JP) has passed away. The estate may wish to sell Nexon shares, or its entire stake, at some point near-term.
Index Rebalance & ETF Flow Recap: NKY, FTSE CH50/A50/TW50/EPRA, S&P/ASX, KRX New Deal, NIO, Russia
- Changes to the Nikkei 225 (NKY INDEX), FTSE China50/A50/Taiwan50/EPRA Nareit, KRX New Deal Indices and the S&P/ASX family of indices were announced this week.
- The Hang Seng indexes rebalanced Friday and the coming week will have LG Energy Solution (373220 KS)‘s Fast Entry into the KOSPI2 INDEX and implementation of the STAR50 INDEX changes.
- NIO Inc (9866 HK)/ NIO Inc (NIO US) is expected to start trading in Hong Kong on 10 March and there are index implication for the Secondary Listing.
Asia-Pac Weekly Risk Arb Summary: Asia Pacific Telecom, Sezzle, Singapore Press, DTAC/True
- There are currently 43 – mostly firm – transactions currently being discussed and analysed on Smartkarma.
- Two new deals this week: Far Eastone Telecomm (4904 TT) merging with Asia Pacific Telecom (3682 TT); Zip Co Ltd (Z1P AU) merging with Sezzle Inc (SZL AU).
- Key updates took place for: Singapore Press Holdings (SPH SP), Virtus Health (VRT AU), Crown Resorts (CWN AU), Total Access Communication (DTAC TB) / True Corp (TRUE TB)
Before it’s here, it’s on Smartkarma
