SMTB Buys Morrison Stake: Infrastructure Manager Valuation Questioned
Sumitomo Mitsui Trust Bank acquired a 15% stake in Morrison, a New Zealand infrastructure manager.
Sumitomo Mitsui Trust Bank acquired a 15% stake in Morrison, a New Zealand infrastructure manager.
Wealth managers report client concerns about SpaceX's potential index inclusion. The actual cost of exclusion involves tracking error and direct indexing.
Samsung's robust operating profit conceals underlying capital intensity and weak free cash flow conversion.
Record private equity dry powder inflates asset prices amid rising interest rates. Limited partners are now demanding cash distributions over paper gains.
The Reserve Bank of New Zealand is expected to raise its Official Cash Rate this week.
Asia-Pacific private credit is set for robust growth, projected to hit US$92 billion by 2027.
Upcoming 10- and 30-year Treasury auctions will gauge demand for long-dated paper.
Supreme Court rulings create policy uncertainty, leading to operational friction for businesses.
South Korea's central bank warns about single-stock leveraged ETFs fueling market concentration and volatility.
While market narratives often distract, robust free cash flow generation remains the ultimate arbiter of intrinsic value.