APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

CK Infrastructure Holdings / Event-Driven

<p>In June, <a href="https://www.smartkarma.com/entities/163" target="_blank" data-smartkarma-citation="entities:163:1">Cheung Kong Infrastructure (1038 HK)</a>  and China's State Grid made a bid for Ausgrid. But just last week, preliminary decision was made by Australia's Foreign Investment Review Board to reject it. The final decision should be out by this week. This is a good catalyst for CKI's discount to NAV to continue to deepen.</p><p>In this insight, we analyze the holdco trade primarily on these five factors:</p><div class="sk-insight-content__block"><ol><li>What's on Offer</li><li>Reasons for Divergence</li><li>Statistics and Set-Up</li><li>Catalysts</li><li>Potential Risks</li></ol></div>

In June, Cheung Kong Infrastructure (1038 HK)  and China's State Grid made a bid for Ausgrid. But just last week, preliminary decision was made by Australia's Foreign Investment Review Board to reject it. The final decision should be out by this week. This is a good catalyst for CKI's discount to NAV to continue to deepen.In this insight, we analyze the holdco trade primarily on these five factors:What's on OfferReasons for DivergenceStatistics and Set-UpCatalystsPotential Risks

Cheung Kong Infra - Discount to NAV Likely to Deepen Further