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Stock impact report

Asia's breakup party is happening under duress [Reuters]

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA) 
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
Company Research Source: Reuters
The Indian tycoon and perennial restructurer plans to split his $10 billion Mumbai-listed mining company Vedanta (VDAN.NS) into six separately listed units spanning aluminium to copper. It will create businesses that are easier for the market to appreciate. As with other big breakups in the region however, there are unspoken reasons for him to join the party. The carve-up is welcome. Vedanta is unwieldy and trades at a 30% discount to the sum of its parts, according to PhillipCapital analysts. Ajay Agarwal, Vedanta's president of finance, thinks that $16 billion Hindustan Zinc (HZNC.NS) , a listed subsidiary, is the only “correctly valued” business in the entire group. Vedanta's market capitalisation is close to the value of its 65% shareholding in Hindustan Zinc, which contributes just half the company's EBITDA. However, the breakup party has loud background music. Vedanta is straining under some $18 billion of gross debt, including about $6 billion at its unlisted majority owner Show less Read more
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