Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Thailand Buybacks - Show of Strength or Leap of Faith?

Is CPALL's Win a Bigger Win for Berli Jucker?

Tesco Sells Thailand to CP All: Will Anti-Trust Approve?

Why Tesco Should Not Sell Its Thai Business

Event-Driven

Yesterday, <a href="https://www.smartkarma.com/entities/cp-all-pcl" target="_blank" rel="noopener" data-smartkarma-citation="entities:13889:1">CP All PCL (CPALL TB)</a> and <a href="https://www.smartkarma.com/entities/charoen-pokphand-foods-pub" target="_blank" rel="noopener" data-smartkarma-citation="entities:16131:1">CP FOODS (CPF TB)</a> announced share buyback programs that would run from 1 April to 30 September.<a href="https://www.smartkarma.com/entities/cp-all-pcl" target="_blank" rel="noopener" data-smartkarma-citation="entities:13889:1">CP All PCL (CPALL TB)</a> will buy back a maximum of 180m shares (2% of paid up capital) spending a maximum amount of THB 13bn, while <a href="https://www.smartkarma.com/entities/charoen-pokphand-foods-pub" target="_blank" rel="noopener" data-smartkarma-citation="entities:16131:1">CP FOODS (CPF TB)</a> will buy back a maximum of 400m shares (4.65% of the paid up capital) spending a maximum of THB 10bn.Coming hot on the heels of the <a href="https://www.smartkarma.com/entities/tesco-plc" target="_blank" rel="noopener" data-smartkarma-citation="entities:22187:1">Tesco PLC (TSCO LN)</a> acquisition, this is a show of confidence by the company and could ease some of the overhang from the additional debt that the company needs to take on to fund the acquisition.

Yesterday, CP All PCL (CPALL TB) and CP FOODS (CPF TB) announced share buyback programs that would run from 1 April to 30 September.CP All PCL (CPALL TB) will buy back a maximum of 180m shares (2% of paid up capital) spending a maximum amount of THB 13bn, while CP FOODS (CPF TB) will buy back a maximum of 400m shares (4.65% of the paid up capital) spending a maximum of THB 10bn.Coming hot on the heels of the Tesco PLC (TSCO LN) acquisition, this is a show of confidence by the company and could ease some of the overhang from the additional debt that the company needs to take on to fund the acquisition.

CP FOODS

CP Group Company Buybacks