The Star Online - HLIB: Opportunities for investors to lock in long-term returns in three SPACs

PETALING JAYA: The three listed special-purpose acquisition companies (SPACs) that have yet to make their qualifying acquisition (QA) are trading below their “intrinsic cash values” and hence offer a unique opportunity to investors, according to Hong Leong Investment Bank Research.

“Reach Energy Bhd, Sona Petroleum Bhd and CLIQ Energy Bhd are currently trading at a 13% to 16% discount to their respective intrinsic cash values,” said analyst Jason Tan in a note.

He added that the current discount provides a “unique opportunity” to lock in long-term returns.

Read Full Article in HTML:

http://www.thestar.com.my/Business/Business-News/2014/12/11/Three-SPACs-trading-at-discount-HLIB-says-there-are-opportunities-for-investors-to-lock-in-longterm/?style=biz