Here's what we have for the week
Significant Event
- Keppel
Infrastructure Trust might be selling off Ixom Holdings Pte Ltd. Ixom is
the sole manufacturer of liquefied chlorine and the leading manufacturer
of caustic soda in Australia.
- IHH Healthcare is acquiring Ramsay Sime Darby Health Care Sdn Bhd for RM5.67 billion.
Real Estate Industry
• The Ascott Limited is investing in two properties in
Ningbo, China and Amsterdam, Netherlands for approximately S$190 million
• CapitaLand Integrated Commercial Trust (CICT) is acquiring
the property located at 79 Robinson Road.
• A new project, known as KL Wellness City is launched in
Bukit Jalil, Kuala Lumpur. The 10.73 hectare township is projected to have a
gross development value (GDV) of nearly RM12 billion.
Users can get access all the major transactions of offices, lands, and
factories in Malaysia via this tool.
Infrastructure/Logistics
- Ancom
Bhd, Nylex (Malaysia) Bhd, LBS Bina Group Bhd, Sinar Bina Infra Sdn Bhd
and BTS Group Holdings Public Company Ltd had signed a head of agreement
for a proposed joint venture in building a light rail transport (LRT)
system connected with the railway shuttle link currently being built from
Singapore to Johor Bahru.
Cash Call/ Debt restructuring
- Lendlease
Global Commercial REIT is seeking to raise $573.8 million through a
private placement of 448.3 million new units. The new units will be issued
at an issue price range of between 72.5 cents to 74 cents per new unit.
- 3Cnergy
Ltd is proposing a capital reduction writing off the accumulated
loss of SGD 138.85 million a cash distribution of SGD 35.7 million.
- Press
Metal Aluminium plans to raise up to RM1 billion, through the placement of
up to 163.4 million new shares or 2% of its issued shares @ RM 6.12 per
share to third-party investors, to be used as working capital, capital
expenditure, and to repay its borrowings.
Company Expansion Plan/ Capex Plan
- Unisem
has commenced the construction of its new semiconductor production. The
expansion is expected to be completed in April 2023 at an approximate cost
of RM300 million, doubling the production capacity of existing operations
in Ipoh.
- YBS
International, a company involved in manufacturing high precision molds,
is increasing its production capacity by fivefold.
Users can filter the companies' activities via industry or nature of activities
via using our tool for Malaysia
companies and Singapore
companies via the link.
Daily Insights
- ESG
Rating of Bursa Malaysia companies. (Read
Full Story)
- The
component of VP-DJ Shariah China A-Shares 100 ETF and why its
investment rationale. (Read
Full Story)
- Some
observations on Genting Highlands and related stocks. (Read
Full Story)
- Three
types of inflation and traders are betting a QE5 in 2023. (Read
Full Story)
- A gauge
for the price trend of NFTs (Read
Full Story)
News we are reading
- SC
Malaysia has announced the winner of the Initial Exchange Offering (IEO)
license. (The
Edge)
- China
Europe rail freight is the latest supply chain issue. (Bloomberg)
- Israeli
PM's historic summit with Egypt and UAE. (The
Star)
- The
London Metal Exchange has no current plans to ban from its system metal
from Russian producers, such as nickel and copper from Norilsk Nickel or
aluminum from Rusal. (Side Note: LME is owned by HKeX). (Reuters)
- Chinese
military base could potentially be set up on Soloman Island, the island to
Australia's north. (BBC)
- Apple is
working on a hardware subscription service for iPhones. (Bloomberg)
If you are an investor, identifying what’s happening in the industry
will give you a long-term view of the industry and ignore the noises. We had
built a tool to help you to focus on the trends that are shaping the landscape
much more easily. Access it
here.
Trades we are monitoring
- Short
unprofitable US tech stocks
- Long on
beaten-down China tech stocks
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What we are thinking
Russia might have lost the battle, but won the war.
- EU is
required to use Russian Ruble when buying energy from Russia.
- The US has
shown the world that it would not help its allies when it is being
attacked.
- The
western world has lost its credibility when it froze Russia's foreign
reserve and confiscate Russian overseas assets. Even Switzerland, the
country that remains neutral during world war 2 is destroying its
reputation that was built for more than 500 years when they start
sanctioning Russian and disclosing its customers' information.
As a result, we are seeing more and more countries seeking new alliances to
protect themselves when the US is ditching them. Israel's prime minister
meeting up with Egypt and UAE is the latest proof that the Yalta order is
collapsing.
As an investor, diversification has become more important now. Don't place
all your bets in US tech stocks.