Report
EUR 1140.00 For Business Accounts Only

4 HK, 130-Year-Old Conglomerate with Upcoming Premium Assets Spin, Insider Buying

  • International Opportunity? Take Part in a Complete Restructuring Story in Hong Kong / Long Standing Mission of "Building for Tomorrow"
  • Strategic Review Has Created (i) Sale of Telecom Unit in 2016 (ii) Recent Split of Television Broadcaster i-CABLE (iii) Spinning off Premium Assets under Wharf REIC (Spinoff) / Possible (iv) and (v) in the Making!
  • Top Directors Buy Shares For the First Time Ahead of Spinoff / (Ave. Buy at HK$68 Level)  
  • Post-Spin Market Cap: Parent ($5.8bn) vs. Spinoff ($22bn)
  • Trades Attractive Relative to Peers / Lower Leverage Reflects Balance Sheet Strength
  • No Prospectus Yet Therefore Assumptions Made / Management Pushing for Q3 2017 Completion
  • Below HK$68: Our Entry Recommendation Pre-Spin
Underlying
Wharf Holdings Ltd

Provider
The Edge Group LLC
The Edge Group LLC

The Edge Group - Global Fundamental Catalyst Investing. The Edge provides investors with access to hidden corporate value from Global Special Situations using a pioneering approach to investments. Founded in 2005 by fund management and investment banking professionals to provide high quality, private equity-level research on Global Corporate Divestitures for the benefit of fundamental event-driven, growth and value-oriented investors in this difficult to track, but proven investment space.

The Edge will look to screen and analyze include Spinoffs; Reverse Morris Trusts; Squeeze Outs; Privatizations; Demutualization; Deep Discounted; Rights Issues; Rights Offering; Restructuring; Insider Purchases / Buying Change of Management / CEO Change; Deteriorating fundamentals; Post-Bankruptcy; Reorganization; Tender Offer; M&A Deals; Secondary Offering; Share Swap; Thrift Conversions; Share Buybacks; Activist; Mergers. All analyzed from a fundamental point of view.

 

 

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