PCCW - Armed with a Warchest, There Is a Potential for Stub Re-Rate

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

<h2>Mean Reversion Complete for Cosco Capital </h2><p>Ever since we wrote on how <a href="https://www.smartkarma.com/insights/cosco-capital-is-cheaper-than-ever" target="_blank">Cosco Is Cheaper Than Ever</a>, it has reverted back to its mean. We think that this is a great time to close out the trade given Puregold's decline today.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/011/563/original/SK%20HoldCos%20-%20Cosco%20Capital%20Inc%20%28COSCO%20PM%29%20%282016-08-11%29.png?1470897054" class="editor-image img-responsive" data-smartkarma-image-id="11563"></figure><div class="content-remarks"><p style="text-align: center;">Source: <a href="https://www.smartkarma.com/tools/holdcos/PSE:COSCO" target="_blank">Smartkarma Holding Company Analyzer</a></p></div><p>The reversion was mainly driven by a 16% surge in <a href="https://www.smartkarma.com/entities/10665" target="_blank" data-smartkarma-citation="entities:10665:1">Cosco Capital Inc (COSCO PM)</a>'s share price over the past 3 trading days while <a href="https://www.smartkarma.com/entities/13890" target="_blank" data-smartkarma-citation="entities:13890:1">Puregold Price Club Inc (PGOLD PM)</a> remained relatively stable (until today).  </p><p><strong>Puregold Declines; Directional</strong>…</p>

Mean Reversion Complete for Cosco Capital Ever since we wrote on how Cosco Is Cheaper Than Ever, it has reverted back to its mean. We think that this is a great time to close out the trade given Puregold's decline today.Source: Smartkarma Holding Company AnalyzerThe reversion was mainly driven by a 16% surge in Cosco Capital Inc (COSCO PM)'s share price over the past 3 trading days while Puregold Price Club Inc (PGOLD PM) remained relatively stable (until today).  Puregold Declines; Directional…

ACS, Actividades de Construcción y Servicios (ACS SM)

ACS, Actividades de Construcción y Servicios

Holdco Updates: Close Cosco, Hold onto Hochtief