Edward Lee’s proprietary buying and selling firm, CTS International [CTS 0.93] [hyperlink], disclosed yesterday that it was depositing a bit of its IPO proceeds into an Indonesian financial institution, to permit CTS to commerce within the Indonesian Inventory Market.

CTS didn’t disclose how a lot of the IPO proceeds it was placing in direction of this new market, nor did CTS disclose what number of of its merchants are at present buying and selling in or skilled with making trades within the Indonesian market.

CTS did say that it was making the change as a result of “the nation’s commodity-driven nature allowed its inventory market to thrive regardless of the worldwide meltdown”, and the corporate believes that the current profitable itemizing of GoTo will encourage different Indonesian tech corporations to checklist within the coming years.
 

MB BOTTOM-LINE

I’m truly relieved to get somewhat little bit of perception into CTS’s buying and selling technique right here.

Certain, we aren’t getting an in depth rundown of what the corporate is planning on doing, or the way it plans to do it, however at the very least we’re getting somewhat glimpse into the corporate’s buying and selling thesis, which seems to be (paraphrased), “commodities will do properly within the medium time period”, and “there is likely to be some Indonesia-specific tech IPO mania that we will scalp”.

That’s attention-grabbing!

We gained’t get an opportunity to see how this variation impacts their bottom-line till someday in October, however we’ll be capable of learn the Q2 earnings report quickly to see how properly its efforts in different markets have been paying off.

The inventory remains to be buying and selling about 7% under its IPO provide worth of P1.00/share.

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Merkado Barkada’s opinions are offered for informational functions solely, and shouldn’t be thought of a suggestion to purchase or promote any specific inventory. These each day articles usually are not up to date with new data, so every investor should do his or her personal due diligence earlier than buying and selling, because the information and figures in every specific article could have modified.