Courier company Mailpac Group Limited, MGL, hopes to settle at least $263 million in debt to its parent company, Norbrook Equity Partners, through a $495 million initial public offering of shares on the junior stock market.
Mailpac, which used the borrowings from its parent to revamp its infrastructure, technology, and strategic positioning since 2017, is giving up 20 per cent of the business to stock market investors at $1 per share.
Norbrook Equity will own the other 80 per cent.
The subscription period for 500 million shares on offer under the IPO runs from November 22 to December 6. Shares in the invitation are split between newly issued shares in Mailpac and existing shares for sale by Norbrook Equity.
“Norbrook conducted two rounds of financing over the past three years, and the proceeds were invested in the portfolio companies of Norbrook, including $263 million into Mailpac Services. In addition to typical repayment terms, the most recent financing requires that all net proceeds from an IPO of any Norbrook subsidiary must be used to pay down the facility,” the company said in its prospectus.
The remainder of the funds will be used by Mailpac for general corporate purposes, including working capital, operating expenses and capital expenditure.
If successful, Mailpac will come to market with $2.5 billion in capitalisation at listing on the exchange. The company in September had total equity of $27 million.
The delivery company’s offer, which was released on Wednesday, comes in $5 million shy of the maximum capital raise of $500-million to list on the junior market of the Jamaica Stock Exchange.
NCB Capital Markets has been selected as lead broker for the IPO.
As a pull to potential investors, Mailpac is pitching e-commerce as a space poised for growth, and accordingly projects that its profit will grow threefold over the next five years.
The company recorded revenue of $851 million for the first three quarters of 2019 and net profit of $203 million.
“… While online shoppers in Jamaica have jumped from an assumed 0.2 per cent of the adult population in 2010 to approximately 6 per cent today, this is a far cry from the penetration rates seen globally. A recent study shows that 76 per cent of the US population shops online today. Accordingly, we believe that the business has only begun to scratch the surface of the opportunity it has in serving the country’s e-commerce needs,” MGL said in its prospectus.
Through partnership with its sister company, ePayment Group, Mailpac is also finalising the launch of its own prepaid Mailpac MasterCard that persons can top up at different locations, and utilise for shopping online, but only for items that are shipped through Mailpac.
“This solution is targeted for the significant base of unbanked and underbanked consumers that have identified products online that they want to purchase, but don’t have a transactional tool to do so. The Mailpac MasterCard will enable this segment of the market to shop online and will ensure their purchases are shipped through Mailpac,” the courier company said.
Mailpac is a decade-old company that has grown organically and through acquisitions. Its client base of online shoppers is estimated at 50,000.
Mailpac Group was newly formed to consolidate the operations of Mailpac Services and Mailpac Local. Its directors are: Khary Robinson, executive chairman; Mark Gonzales, executive director and CEO; Garth Pearce; William Craig; and Tracy-Ann Spence.
Mailpac Services, formerly known as Mailpac Express, facilitates online shopping and shipment to Jamaica using a mailing address hosted by the company, while the local arm offers cross-country delivery for Jamaican businesses.
Alibaba Group Launches Hong Kong Initial Public Offering
Alibaba Group Holding Limited (NYSE: BABA) (“Alibaba” or “the Company”) today announced the launch of its Hong Kong public offering (the “Public Retail Offering”), which forms part of the global offering (the “Offering”) of 500,000,000 new ordinary shares (the “Shares”) and listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”) under the stock code “9988.”
The Company’s American depositary shares (“ADSs”), each representing eight ordinary shares of the Company, will continue to be listed and traded on the New York Stock Exchange (“NYSE”). Upon listing in Hong Kong, the Hong Kong-listed shares will be fully fungible with the ADSs listed on the NYSE.
“Alibaba is guided by our mission to make it easy to do business anywhere with the vision to be a good company that lasts for 102 years. We aim to serve global consumers, of which more than 1 billion will be Chinese consumers, and facilitate more than RMB10 trillion of consumption on our platform within the next five years by continuing to pursue our three strategic pillars of globalization, domestic consumption and big data powered by cloud computing,” said Daniel Zhang, Alibaba Group Chairman and Chief Executive Officer. “Hong Kong is one of the world’s most important financial centers and we are grateful for the opportunity to participate in the future of Hong Kong.”
The listing in Hong Kong will allow more of the Company’s users and stakeholders in the Alibaba digital economy across Asia to invest and participate in Alibaba’s growth. In addition to expanding the Company’s overall investor base, the Offering will tap into substantial new capital pools in Asia and create a nearly round-the-clock market for global investors to trade Alibaba shares.
The Offering initially comprises 12,500,000 new Shares under the Public Retail Offering and 487,500,000 new Shares for subscription globally (the “International Offering”). Subject to the level of any oversubscription in the Public Retail Offering and pursuant to the clawback mechanism as described in the prospectus issued in Hong Kong, the total number of shares available under the Public Retail Offering could be adjusted to up to a maximum of 50,000,000 new Shares, representing 10.0% of total Shares initially available under the Offering. In addition, the Company expects to grant the international underwriters an over-allotment option to purchase up to an additional 75,000,000 new Shares.
The offer price for the Public Retail Offering (the “Public Retail Offer Price”) will be no more than HK$188.00 per share (the “Maximum Public Retail Offer Price”). The offer price for the international offering tranche of the Offering (the “International Offer Price”) may be set higher than the Maximum Public Retail Offer Price. The Company will set the International Offer Price by November 20, 2019 Hong Kong time by taking into consideration, among other factors, the closing price of the ADSs on the NYSE on or before the last trading date and investor demand during the marketing process. The final Public Retail Offer Price will be set at the lower of the final International Offer Price and the Maximum Public Retail Offer Price of HK$188.00 per share. Shares will be traded in board lots of 100 shares each.
The Company plans to use the proceeds from the Offering for the implementation of its strategies of driving user growth and engagement, empowering businesses to facilitate digital transformation, and continuing to innovate and invest for the long term.
Fully Electronic Application Process for the Public Retail Offering
Alibaba has decided to use a fully electronic application process for the Public Retail Offering, with no printed prospectuses or application forms. A fully electronic application process is consistent with the way in which the Company’s customers and digital economy participants conduct their transactions with each other and the Company. As a company that aspires to last for 102 years, Alibaba is very focused on the health of our planet. The Company believes it has a responsibility to minimize its carbon footprint and the environmental impact in the Offering. The prospectus is available at the website of the Hong Kong Stock Exchange at www.hkexnews.hk and the Company’s website at www.alibabagroup.com.
The Company encourages applicants for the Public Retail Offering in Hong Kong to view its prospectus and apply online through the White Form eIPO service at www.eipo.com.hk, or through the CCASS EIPO service (directly or through their brokers or custodians). The Public Retail Offering will commence at 9:00 a.m. Friday, November 15, 2019 Hong Kong time and will close at 12:00 noon on Wednesday, November 20, 2019 Hong Kong time.
Potential applicants may call the enquiry hotline of Computershare Hong Kong Investor Services Limited if they have any question about making applications in the Public Retail Offering. The hotline number is +852 3426 9988, and will be open from 9:00 a.m. to 9:00 p.m. on Friday, November 15, 2019, Monday, November 18, 2019 and Tuesday, November 19, 2019, from 9:00 a.m. to 6:00 p.m. on Saturday, November 16, 2019 and Sunday, November 17, 2019 and from 9:00 a.m. to 12:00 noon on Wednesday, November 20, 2019 Hong Kong time.
China International Capital Corporation Hong Kong Securities Limited and Credit Suisse (Hong Kong) Limited (in alphabetical order) are the joint sponsors and joint global coordinators for the proposed Offering. Citigroup Global Markets Asia Limited, J.P. Morgan Securities (Asia Pacific) Limited and Morgan Stanley Asia Limited are also acting as joint global coordinators.
The proposed Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. The Company intends to register the proposed offering in the United States pursuant to an automatically effective shelf registration statement and accompanying prospectus that have been or will be filed with the SEC.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts for 102 years.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. Statements that are not historical facts, including statements about the offering and listing, the use of proceeds and Alibaba’s strategies and goals, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. There can be no guarantee that the offering and listing will be completed as planned, or that the expected benefits from the offering and listing will be achieved. You should consider the risk factors included in the registration statement (including any documents incorporated by reference), prospectus and prospectus supplements that have been or will be filed with the SEC and the prospectus registered in Hong Kong. All information provided in this press release is as of the date of this press release and are based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191114005921/en/
SOURCE: Alibaba Group Holding Limited
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Ujjivan Small Finance Bank raises capital in pre-IPO round
Ujjivan Small Finance Bank has raised ₹250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group, Mint reported. The pre-IPO round closed on Wednesday. The lender’s filings with the registrar of companies (RoC) shows that funds managed by IIFL invested around ₹136 crore in the pre-IPO round. The IIFL funds which participated in the investment include IIFL special opportunities fund, a dedicated pre-IPO fund managed by the group’s asset management business, IIFL long term equity growth fund and IIFL blended fund, the filing shows. Avendus Capital, through its Future Leaders Fund, a private equity fund, invested ₹32.5 crore, while Bhanshali invested ₹25 crore. Several other HNIs also participated in the round. Shares were allocated to investors at a price of ₹35 each. According to a person aware of the investment details, the share sale values the company at around ₹5,000 crore. With the pre-IPO funding concluded, the bank is expected to hit the markets soon with its public share sale.
Sachin Bansal infuses ₹890 crore into Navi Technologies
Sachin Bansal, who co-founded Flipkart, has invested ₹888.50 crore in his investment arm Navi Technologies, Mint reported citing documents filed with the registrar of companies (RoC). Last year, Walmart acquired a 77% stake in Flipkart for $16 billion. Bansal, who had a 5.5% stake in Flipkart, made more than $1 billion from the sale of his stake in the online retailer. Following this, late last year, he set up BAC Acquisitions Pvt. Ltd—a holding company that was recently renamed as Navi Technologies. Bansal co-founded BAC Acquisitions in December 2018 with his IIT-Delhi batchmate and former investment banker Ankit Agarwal. The holding company invests in startups, largely in the form of debt. Through Navi Technologies, Bansal has invested ₹250 crore each in non-banking financial companies (NBFCs) Altico Capital India Ltd and Indostar Capital Finance Ltd. Bansal and Navi Technologies appear to be sharpening their focus on urban mobility and financial services.
Kalanick sells stake worth $711 million in Uber
Travis Kalanick sold 6.1 million shares of Uber Technologies Inc. just days after disposing of a fifth of his stake, bringing the total offloaded to $711 million this month, Bloomberg reported. The 43-year-old entrepreneur sold $164 million of his holdings in the ride-hailing company this week, according to a regulatory filing Wednesday. Last week he disposed of stock worth about $547 million. The sale underlines Kalanick’s focus on other investments, including CloudKitchens, which he funded with $300 million. A $400 million injection from Saudi Arabia’s Public Investment Fund valued the food startup at $5 billion, the Wall Street Journal reported last week. His remaining 4.2% stake in Uber is valued at $1.9 billion, or less than two-thirds of his $3.4 billion fortune, according to the Bloomberg Billionaires Index. When he was Uber’s chief executive officer, Kalanick said he retained all his shares in the company. That changed after his ousting in 2017. He sold stock in private transactions and had a 6% stake at the time of its May initial public offering. Kalanick has moved quickly to offload Uber shares since the IPO. This month’s trades came after a 180-day lockup period restricting insider and early investor sales expired last week.
KKR, TPG, Bain in race to buy majority stake in Café Coffee Day
Private equity firms KKR, TPG Capital and Bain Capital have signed non-disclosure agreements (NDAs) with Coffee Day Enterprises (CDEL), initiating discussions on buying a significant stake in the group’s coffee business, The Economic Times reported citing three people familiar with the matter. The PE firms are expected to begin due diligence shortly. The Dutch agro commodity, shipping and finance firm Louis Dreyfus Company BV is also expected to join the race but is yet to sign an NDA. KKR India CEO Sanjay Nayar stepped down from the board of CDEL on November 11 in view of the negotiations. The board is expected to speed up talks with interested investors once the investigation report by former CBI official Ashok Kumar Malhotra is submitted. He is looking into the letter that Café Coffee Day founder VG Siddhartha purportedly wrote to the board on July 27, two days before he went missing. KKR owns a 6.07% stake in CDEL. Two other PE firms —Rivendell and Affirma Capital — hold 10.61% and 5.67%, respectively, in the Bengalurubased company. Rivendell manages the New Silk Route fund that had invested in CDEL while Affirma manages the portfolio of Standard Chartered Private Equity.
The world’s biggest public float, the initial public offer (IPO) of Saudi Aramco opens on November 17 with the final share price being determined on December 5 – a day after the issue closes for institutional investors. Individual investors, however, will only be able to apply till November 28.
Saudi Aramco plans to sell 0.5 per cent of its shares to institutional investors, individual Saudis and other Gulf nationals. Even then, the sale would make the issue the biggest in the world. Following the two-step inclusion process, Saudi Arabia currently ranks the 9th biggest market (2.8 percent weight) within the MSCI Emerging Markets index.
Being an Indian citizen, you can still invest in the IPO. One way to do is to use the government’s Liberalised Remittance Scheme (LRS). Under this, domestic investors are allowed to remit US $250,000 during a financial year to another country, which can be used to buy stocks and debt instruments in overseas markets.
However, experts advise investing through professional wealth managers. Fund houses such as Morningstar, Edelweiss, Invesco Mutual Fund, DSP, ICICI Prudential Mutual Fund, Parag Parikh Financial Advisory (PPFAS) and Franklin Templeton offer products that help Indian investors take exposure to global equities. PPFAS, for instance, already has foreign companies such as Google, Alphabet, Amazon and IBM in their portfolio.
“LRS is one way of going about it. The best thing, however, would be to go through wealth management companies or institutional brokers that have first-hand knowledge of investing abroad,” suggests G Chokkalingam, founder and managing director at Equinomics Research.
So, should you invest in the IPO?
A quick analysis of the stocks of related global listed companies reveals an interesting picture. Over the past 10 years (since 2009) only a handful of leading oil & gas exploration companies have delivered stellar gains. While shares of Lukoil (up 265 per cent) and Reliance Industries (200 per cent) are among the top gainers. In contrast, Chevron and Gazprom (up around 52 per cent each) and Royal Dutch Shell (up 26 per cent) only gave modest returns on an absolute basis, Bloomberg data show.
Indian oil refining and marketing companies (OMCs) – Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation (IOCL); Gujarat State Petronet and gas transporter GAIL India gained 41 per cent to 521 per cent during this period on an absolute basis, shows data.
“All over the world, solar and thermal energy are better placed as compared to the conventional oil-related sector. In India too, solar power tariffs have crashed from Rs 17 to Rs 18 per unit a decade ago to around Rs 2 per unit. There is a structural change which making alternate fuels more affordable. The second change has been China moving away from manufacturing to service-led growth. There is focus on electric vehicles. All this will eat into the fortunes of oil and gas – based players over the long run,” Chokkalingam says.
A K Prabhakar, head of research at IDBI Capital is also not too bullish on the road ahead for the oil & gas sector. A recent report by BNP Paribas Securities cut crude price realisation estimates to $60/56/59/barrel for FY20/21/22 from $65/63/66/barrel on weakening global demand for crude oil.
“Oil prices are likely to hover between $50 – 70 per barrel. That said, there are a number of alternatives available to fossil fuel now and their use will only grow with time. This can have an impact on the fortunes of oil & gas companies in the long run,” Prabhakar says.
In this photo released by Saudi Royal Palace, Saudi Arabia’s Crown Prince Mohammed bin Salman, left,… [+] and Yemen’s President Abed Rabbo Mansour Hadi, attend the signing a power-sharing deal between Yemen’s internationally recognized government and Yemeni separatists that are backed by the United Arab Emirates, in Riyadh, Saudi Arabia, Tuesday, Nov. 5, 2019. At top is a picture of Saudi Arabia’s founder late King Abdul Aziz Al Saud. (Bandar Aljaloud/Saudi Royal Palace via AP)
How much is the world’s largest oil company worth? It’s an important question given the difficult market for global oil equities these days. But it’s arguably not the most important one. The Aramco IPO should have significant ramifications for global oil markets and energy equities, and these should not be ignored amid the fervor overvaluation.
How the IPO affects Aramco strategically and operationally is critical. Aramco has long been recognized as the best-run oil company in the Middle East. While floating a meager 2 percent of its shares on the Saudi stock exchange, the Tadawul, may not seem like much, it may portend significant shifts in Saudi oil policy down the road.
The point of the IPO is to raise $25 billion to diversify the Saudi economy away from dependence on oil, part of Crown Prince Mohammed bin Salman’s Vision 2030 reform plan. The cash generated by the sale of Aramco equity will go to the Public Investment Fund (PIF), the Saudi sovereign wealth fund, which will invest it in projects and companies unrelated to oil.
That points to more sales of Aramco stock in the future. Indeed, the Crown Prince has suggested that up to 10 percent could be sold in the future to raise $100 billion and has mooted that over the long-term, a majority of Aramco stock could be sold to outside investors. A foreign listing, perhaps in London or Asia, is planned a few years down the road, and Riyadh will undoubtedly need access to bigger capital markets than the Tadawul to realize its ultimate goals.
But as more stock is sold to outside investors, Aramco will find itself under greater pressure to operate differently. Investors will want the company to maximize short-term profits, which means leveraging its access to the world’s largest low-cost conventional oil reserves, which amount to 266 billion barrels to the maximum. Aramco’s current plans to expand in lower-margin businesses like global refining and gas markets may be sidelined in favor of tapping easy to reach domestic oil reserves and pushing up production capacity.
As the global oil market moves toward peak demand in the coming years, it makes sense that the world’s lowest-cost producer will want to secure and expand its market share. Of course, it makes no sense for Aramco to do this if it tanks oil prices in the process.
That’s where Saudi Arabia’s long relationship with OPEC comes into play. In the short-term, Saudi Arabia will continue with business as usual within OPEC, which means staying with price-supportive supply cuts. Indeed, even OPEC’s forecast shows that such cuts could be needed for the next five years to keep oil markets balanced amid booming non-OPEC supply, led by U.S. shale, but also Brazil and Guyana.
That means Saudi oil policy and its approach to OPEC won’t change overnight due to the Aramco IPO. The Saudis’ goal will remain maximizing revenue, not production from Aramco. That goal aligns with what outside investors will want from the company because more significant revenue should equate to bigger dividends.
But it will be interesting to watch how Aramco is managed over the next decade as more shares are floated and non-OPEC supply growth slows. As the oil-demand pie shrinks, it’s only natural for Saudi Arabia to seek a more significant share of the market. Will Saudi Arabia have the same need for OPEC in five or 10 years? It’s already the undisputed king of the cartel whose words can sway markets single-handedly, and its current alliance with non-OPEC Russia is viewed as its most crucial producer relationship today.
The upcoming Aramco IPO will likely draw investment from wealthy Saudis who Riyadh has pressured into buying and holding shares, as well as some sovereign wealth funds from Russia and Asia, who are keen to gain political favor with the kingdom. The idea behind securing these “anchor” investors is to assure a high, stable valuation on the local market for Aramco so the Crown Prince can claim success with his Vision 2030 reform program.
But ultimately, over time, as more Aramco shares are floated, the accurate valuation of Aramco will come to light. That’s when more unbiased institutional investors will have a go at it. These are the real market makers.
And that’s when it would behoove Aramco to demonstrate growth potential to draw investment and support a higher stock price. Should that occur, Aramco may take investment away from leading international oil companies like Exxon Mobil, Royal Dutch Shell, Chevron and BP. So dramatic could this shift be that energy economist Philip Verlerger thinks it could hurt capital spending capacity at these Western majors, which would need to spend more on stock buybacks to make up the loss of investment.
This moment of truth for Aramco may very well coincide with expected declines in non-OPEC supply growth, which could ultimately force Saudi Arabia to rethink its relationship with output curbs and OPEC altogether.
Nov 12, 2019 (AmericaNewsHour) — A Blockchain is a distributed digital ledger. It records transactions in a series of blocks. It exists in multiple copies, spread over multiple computers, which are called anodes. The ledger is secure because every new block of transactions is linked again to previous blocks in such a way that tampering with it is practically impossible. As it is decentralized, it does not depend on any single entity (eg:Bank) for safekeeping. The nodes connected to the Blockchain network get updated versions of the ledger as new transactions are carried out. According to Netscribes, the global Blockchain in supply chain market is expected to have a significant compounded annual growth rate of 87.0%, and reach a market size of USD 3,314.6 Mn by 2023. North America is expected to dominate the Blockchain in Supply Chain Market during the forecast period.
An increasing need for supply chain transparency and increasing demand for enhanced security of supply chain transactions are expected to drive the market during the forecast period. Supply chains across industries and countries will be reimagined, improved, and disrupted by Blockchain technology. Now, there are safer and more efficient ways to connect with business partners and also to track and exchange any type of asset. The ability to use Blockchain technology to create the next generation of digital supply chain networks and platforms will be central to the success of business.
Based on type of industry, the market is segmented into private, public and consortiums; based on the application of the industry, the market is categorized into contract management, payment system, procurement, provenance, ownership transfer, asset tracking and inventory control. Moreover based on the protocols of the industry it is divided into bitcoin, ethereum, ripple consensus network, hyperledger, R3’s corda, symbiont, distributed ledgers and others.
The segmentation is also based on the types of industries involved and the market is categorized into banking, financial services and insurance (BFSI), telecom and IT, healthcare and life sciences, manufacturing, retail, e-commerce and others. Each and every segment is examined carefully by factoring in sales, revenue and market size, in order to understand the potential for growth and scope.
Blockchain transactions have become more flexible and many manual tasks are carried out automatically using smart contracts. Some of the major factors which are driving the market growth are raising cryptocurrency market capital, initial coin offering (ICO) and faster transactions. The technology ensures enhanced transparency for consumers in the supply chain. It allows the consumers to trace and give an assurance of origin in the trade.
Threats and key players
Although the Blockchain in Supply Chain Market is expected to have a positive growth globally, still, there are still a few threats to the market. The market constraints involves threat to personal information and high diagnostic cost as a barrier. Blockchain technology has often been compromised, resulting in the theft of millions of dollars’ worth of cryptocurrencies. The potential risk of hardware or software failure can be another risk in the supply chain. Lack of awareness about the Blockchain and higher cost of investments can restrain market growth during the forecast period.
The Blockchain market ecosystem comprises vendors, such as Abra, AlphaPoin, Bitfury Group Limited, Bloq, BTL Group Ltd, Coinbase, Digital Asset Holding LLC, Ethereum Foundation, Guardtime, Internation Machine Business Corporation, IBM, Blockcypher, Inc., Microsoft, Primechain Technologies Pvt. Ltd, Skuchain, Romit and Provenance Ltd, among others.
What’s covered in the report?
1. Overview of the global Blockchain in Supply Chain Market 2. Market drivers and challenges in the global Blockchain in Supply Chain Market 3. Market trends in the global Blockchain in Supply Chain Market 4. Historical, current and forecasted market size data for the global Blockchain in Supply Chain Market 5. Historical, current and forecasted market size data for the types of global Blockchain in Supply Chain Market (private, public and consortium) 6. Historical, current and forecasted market size data by application of industry in global Blockchain in Supply Chain Market (contract management, payment system, procurement, provenance, ownership transfer, asset tracking and inventory control) 7. Historical, current and forecasted market size data by protocol of industry in global Blockchain in Supply Chain Market (bitcoin, ethereum, ripple consensus network, hyperledger, R3’s corda, symbiont, distributed ledgers, and others) 8. Historical, current and forecasted market size data by industries involved in the global Blockchain in Supply Chain Market (Banking, Financial services and Insurance (BFSI),Telecom and IT, healthcare and life sciences, manufacturing, retail, e-commerce, and others) 9. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa) market size data for global Blockchain in Supply Chain Market 10. Analysis of the competitive landscape and profiles of major companies operating in the market 11. Key recent developments in the Blockchain in Supply Chain Market
1. Get a broad understanding of the global Blockchain in Supply Chain Market and its segmentation (by type of industry:private)(by type of industry:public and consortium)(by industry applications:contract management)(by industry applications:payment system)(by industry applications:procurement)(by industry applications:provenance)(by industry applications:ownership transfer)(by industry applications:asset tracking and inventory control)(by industry protocols:bitcoin)(by industry protocols:ethereum)(by industry protocols:ripple consensus network)(by industry protocols:hyperledger)(by industry protocols:R3’s corda)(by industry protocols:symbiont)(by industry protocols:distributed ledgers and others)(by industries involved:Banking)(by industries involved:Financial services and Insurance (BFSI), Telecom and IT, healthcare and life sciences, manufacturing, retail, e-commerce and others)
2. Get region-specific drivers and challenges affecting the global Blockchain in Supply Chain Market and its segmentation (by type of industry:private)(by type of industry:public and consortium)(by industry applications:contract management)(by industry applications:payment system)(by industry applications:procurement)(by industry applications:provenance)(by industry applications:ownership transfer)(by industry applications:asset tracking and inventory control)(by industry protocols:Bitcoin)(by industry protocols:Ethereum)(by industry protocols:Ripple Consensus Network)(by industry protocols:Hyperledger)(by industry protocols:R3’s Corda)(by industry protocols:Symbiont)(by industry protocols:Distributed ledgers and others)(by industries involved:Banking)(by industries involved:Financial services and Insurance (BFSI),Telecom and IT, healthcare and life sciences, manufacturing, retail, e-commerce and others) 3. Devise market-entry strategies by understanding the factors driving the growth of the market 4. Recognize major competitors’ business and market dynamics, and respond accordingly 5. Get stakeholder and technology analysis, relevant companies profiles and also start-ups’ profiles
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It is hard to see this coincidence as anything other than unhappy for Riyadh. To get the best price for its Aramco shares, it needs to stop the oil price from weakening.
Yet this leaves it at the mercy of members of the Opec+ group of nations which haven’t been doing their fair share of cutting crude production to shore up the price, namely Russia and Iraq, who have preferred to let the Saudis shoulder the burden along with their allies Kuwait and United Arab Emirates.
The kingdom and its bankers are in a difficult spot as they try to convince potential Aramco investors the company will not bear an undue share of the burden of the output cuts.
That would be a tough sell at the best of times. It is even harder in the run-up to the Opec meeting, which may need to prolong the current production cuts beyond March 2020, and even deepen them.
While it is crucial for Aramco to put a floor under the crude price, it is also important the company isn’t having to slash output.
Moscow and Baghdad will be perfectly aware of the pressure on the kingdom to prop up the price because of the looming IPO. If they refuse do their bit, they know Riyadh will just have to do more.
Opec secretary- general Mohammad Barkindo is doing his best to help the Saudis, painting as positive a picture as he can. He says next year is “looking brighter” for producers in terms of supportive news for the crude price, with “upside potential that may actually surprise the market”.
China and the US are inching toward a partial settlement of their trade dispute, offering hope of a boost to demand, though it is hard to rely on the whims of President Donald Trump. At the same time, the second US shale boom is coming to an end, removing some excess supply from the market. However, there will still be output growth next year from other non-Opec+ states such as Norway, Brazil and Guyana.
Saudi Arabia is pressing the output cut laggards to shoulder more of the burden, but the looming IPO ties its hands. Russia’s oil industry is already baulking at more output cuts.
And pressure on the Saudis will not end on December 5, the day of the IPO price-setting and Opec meeting. Once those shares are priced, the kingdom can’t afford to let them fall. This is only the first tranche of stock likely to be sold. A poor performance now could fatally undermine interest in any future offering.
In its struggle to drive Opec production policy, Saudi Arabia’s dependence on oil revenues already ties one hand behind its back. Now it is going to be constrained too by the needs of investors in Aramco. Crown Prince Mohammad bin Salman is clearly in a hurry. This is one instance where a pregnant pause may have strengthened his punchline.