KKR

Property

KKR, Temasek takes 6% stake in Vinhomes for US$650 mil

Vinhomes, listed on the Ho Chi Minh Stock Exchange, has a real estate portfolio across residential, commercial and industrial sectors.

Offer

800 Super's independent adviser says shareholders should accept Lee family's offer

SINGAPORE (June 10): 800 Super Holdings says independent financial adviser (IFA) Novus Corporate Finance considers the privatisation offer from its controlling Lee family to be “fair and reasonable”.

M&A

KKR pursues US$700 mil sale of Singapore's MMI to Chinese fund

HONG KONG (Feb 15): KKR & Co. is in advanced talks to sell Singapore’s MMI Holdings Ltd. to a Chinese investor group, people with knowledge of the matter said, as it pursues an exit more than a decade after buying the hard-drive component maker.

KKR, Blackstone, RRJ and TPG dropping out of race for GLP, says FT

SINGAPORE (June 23): Almost all the potential bidders for Global Logistic Properties are dropping out as the June 30 deadline approaches, reported The Financial Times.

Emerging Markets

Opportunities abound in Indonesia turnaround

SINGAPORE (June 8): Southeast Asian giant Indonesia is finally turning things around.

Broker's Calls

5 reasons to consider adding this food manufacturer to your portfolio

SINGAPORE (Nov 30): Food manufacturer Japfa recently piqued investor interest after private equity firm KKR invested US$81.2 million ($115.7 million) for a 10.4% stake in the group’s Indonesian-listed subsidiary PT Japfa Tbk.

Results

Japfa’s 3Q earnings surge to US$48 mil on higher sales and margins

SINGAPORE (Oct 27): Japfa, the Indonesia-based supplier of animal protein, saw a sixfold jump in 3Q earnings to US$48 million ($67 million) from US$8 million a year ago on higher sales and margins.  

Broker's Calls

Innovalues riding on the highway of growth, says CIMB

SINGAPORE (Oct 13): Innovalues, the manufacturer of automotive (AU) and office automation (OA) components, is on track to attain a 10-12% rise in FY16-17 sales with gross margin improvement of up to 32%, says CIMB analyst Ngoh Yi Sin in a Wednesday note.

In print this week

Japfa shares haven't stopped running since Cargill JV news

SINGAPORE (Sept 30): Japfa’s shares have risen 72% since the start of the year as the group continues to strengthen both its upstream and downstream businesses to provide more stable margins for the group.
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