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Zomato Stock Performance Excites Analysts, But Can It Overcome Impending Risks?

Zomato Stock Performance Excites Analysts, But Can It Overcome Impending Risks?
inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.

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Petron plans perpetual capital securities sale

Petron plans perpetual capital securities sale
Jordeene B. Lagare
PETRON Corp. on Thursday announced its plans to issue US dollar-denominated senior perpetual capital securities.
Petron said in a disclosure that its executive committee authorized the offering of such securities, with terms and conditions to be determined at a later time.
Net proceeds from this transaction will be used for the repayment of indebtedness and for general corporate purposes.
Petron has secured approval in-principle from the Singapore Exchange Securities Trading Ltd. (SGX-ST) for the listing and quotation of the securities.
The Hongkong and Shanghai Banking Corp. Ltd. is the sole global coordinator for the planned issuance. ....

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Petronas renews listing of US$15b bonds on Hong Kong Stock Exchange

KUALA LUMPUR (March 16): Petroliam Nasional Bhd (Petronas) has announced the Hong Kong listing renewal of its wholly-owned subsidiary’s Petronas Capital Ltd’s US$15 billion (about RM61.65 billion) global medium term note programme, which is now jointly issued by Petronas Capital and Petronas Energy Canada Ltd.
In statements on Petronas’ website, Malaysia’s national oil company said the US$15 billion programme’s listing renewal on the Stock Exchange of Hong Kong for 12 months after Feb 26, 2021, became effective on March 2, 2021.
Petronas Energy Canada is a wholly-owned subsidiary of Petronas, according to the statements.
According to Petronas, which is the guarantor of the US$15 billion programme, Petronas Capital had initially established the US$15 billion scheme on March 4, 2015 for issuance of notes from time to time”. ....

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GGRAsia – Hoiana official opening scheduled for 2H 2021: UBS

Brokerage UBS Securities Asia Ltd says in a recent note that the official opening for the Hoiana resort (pictured in an artist’s rendering), a Vietnam casino complex, is now planned for the second half of 2021. The institution said the information was based on comments made by the management of the Suncity Group brand during a meeting with UBS analysts. Suncity Group has interests encompassing Macau junkets, and regional casino development projects including Hoiana.
Hoiana had a so-called “soft-opening” in June last year, with the “grand opening pushed out to second half 2021” because of “border restrictions” in Vietnam as countermeasures against Covid-19, stated analysts Angus Chan, Ian Wong, and Perry Yeung in the Wednesday memo. The Suncity brand had previously mentioned only that the official opening of the scheme was expected during 2021. ....

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