bullish

Tencent

Last Week in Event SPACE: Tencent /JD.com, Link Admin, China Mobile, Sydney Airport, Katakura

549 Views26 Dec 2021 08:54
SUMMARY
  • Tencent (700 HK) declared an interim dividend by way of in-specie distribution of JD.com. That interim dividend is ~ 3.0%. Not phenomenally large, but hints at possibilities to come.
  • Dye & Durham come over the top with an all-cash bid for Link Administration Holdings (LNK AU) as Carlyle remains silent after five weeks of due diligence.
  • China Mobile (941 HK) has priced its A-share IPO at RMB 57.58/share which is slightly disappointing in terms of premium to the H-share. The "reasoning" is basically hogwash.
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