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

<p>Over the past 3 months, <a href="https://www.smartkarma.com/entities/20030" target="_blank" data-smartkarma-citation="entities:20030:1">Cimic Group Ltd (CIM AU)</a> is down 32% while <a href="https://www.smartkarma.com/entities/21652" target="_blank" data-smartkarma-citation="entities:21652:1">Hochtief AG (HOT GR)</a> is flat. This is a significant dislocation. HOT's current 40% premium to NAV is unsustainable.</p><p>In this insight, we analyze the holdco primarily on these five factors:</p><div class="sk-insight-content__block"><ol><li>What's on Offer</li><li>Reasons behind Dislocation</li><li>Statistics and Set-Up</li><li>Catalysts</li><li>Potential Risks</li></ol></div>

Over the past 3 months, Cimic Group Ltd (CIM AU) is down 32% while Hochtief AG (HOT GR) is flat. This is a significant dislocation. HOT's current 40% premium to NAV is unsustainable.In this insight, we analyze the holdco primarily on these five factors:What's on OfferReasons behind DislocationStatistics and Set-UpCatalystsPotential Risks

ACS, Actividades de Construcción y Servicios (ACS SM)

ACS, Actividades de Construcción y Servicios

Hochtief AG

Hochtief - Stub Value All-Time High