IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Link Net’s MTO of IDR4,800 from Axiata Open from 30 August

First Media’s EGM Approval Paves the Way for the Link MTO at IDR4,800

Axiata’s EGM in Relation to the Link Net MTO Set for 26 May

Axiata Gains Approval for the Link Net MTO; Next up Is First Media’s EGM on 6 June

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/axiata-group-berhad" target="_blank" data-smartkarma-citation="entities:944:1" rel="noopener">Axiata Group (AXIATA MK)</a> and <a href="https://www.smartkarma.com/entities/xl-axiata-tbk-pt" target="_blank" data-smartkarma-citation="entities:15028:1" rel="noopener">XL Axiata (EXCL IJ)</a> completed the acquisition of a combined 66.03% interest in <a href="https://www.smartkarma.com/entities/link-net-tbk-pt" target="_blank" data-smartkarma-citation="entities:1050:1" rel="noopener">Link Net (LINK IJ)</a> at IDR4,800 per share. </li>
<li>Axiata will disclose the details of the MTO in due course. We think that the MTO opens on 7 July with the earliest possible close of 11 August. </li>
<li>At the last close, the gross and annualised spread of a 19 August payment is 3.7% and 23.7%, respectively.</li>
</ul>



Axiata Group (AXIATA MK) and XL Axiata (EXCL IJ) completed the acquisition of a combined 66.03% interest in Link Net (LINK IJ) at IDR4,800 per share. 
Axiata will disclose the details of the MTO in due course. We think that the MTO opens on 7 July with the earliest possible close of 11 August. 
At the last close, the gross and annualised spread of a 19 August payment is 3.7% and 23.7%, respectively.


Centratama Telekomuniks Indonesia (CENT IJ)

Converge Information and Commu (CNVRG PM)

Link Net MTO Set to Launch as Axiata Completes Stake Acquisition