MM2 removed from MKE growth portfolio

MM2’s deal to acquire GV Singapore hits a roadblock

MM2 Asia’s deal to acquire a 50%-stake in Golden Village’s Singapore operations has hit an unexpected impasse after the Australian vendor failed to obtain approval from their HK JV partner. While MM2’s growth story is nice, the counter could face worries on deal execution in light of the botched deal.

MKE entered this stock in their Growth Model Portfolio in Jun 2016, recording a 56% gain since entry, and year to date gain of 16%. I will be tracking their Model Portfolio closely and will be taking action.

For more details of MKE’s model portfolio, check out : http://www.maybank-ke.com.sg/research/research-listing/singapore-growth-value-yield-portfolio/

My last trade of MM2 was back in May 2017, http://wealthlions.com/2017/05/exited-mm2-at-0-54-for-a-7-gain/.