Current deals in Asia

Well there are noticably a few deals in Asia.. especially in the healthcare sector ..

Sigma Pharma.... Healthscope... Parkway... although the first two are non-binding conditional offers... i believe the healthscope offer is a real one and most probably Sigma will find a solution to its endless problems with a white knight strolling in to rescue it.


the most recently announced is Parkway Holdings..

Its a partial takeover by Khazanah the investment arm of the Government of Malaysia...now this will either be a bidding war between Khazanah and Fortis or Khazanah is just poking around to see if it can get away with it. My initial thoughts, Fortis will not be selling their stake to them nor do they want Khazanah to buy 51.5%.. Fortis themselves have been buying in the market the past couple of months.. well given that there might be a hope of a bidding war (chances around 33.33%) i would say i'll put some capital into this trade. (Ratings : low capital weigthing)

HSP AU.. healthscope... Given the rumoured private equities behind it are good names ie. TPG, carlyle, blackstone??... i would say the chances are they are going to get it probably @ another bid up...thus i would definitely put capital into this trade. Even if the deal doesnt happen, the downfall isnt that much and its a decent company.. (Ratings : Medium to High)

SIP AU.. this one is more complicated with the CEO and CFO resigning in a hurry and the chairman putting in his resignation as well.. but like i said, the company must be worth something. and most probably the South African buyers are desperate to invest somewhere
Till more updates

Current portfolio weigthings

SIP AU ( 3%)
HSP AU ( 10%)
PWAY SP (3%)