Privatization plays

Privatization plays: Maybank-KE note that the appearance of Thai F&B player Minor International as a 10% shareholder in Breadtalk is currently tantalising the taste buds of local investors and think that this will not stop. House analysis of 54 such M&A transactions since 2011 show that consumer stocks are popular and takeover premiums were mostly above 20%. House came up with nine quality small-mid caps with favourable chances for positive corporate actions. These are China Minzhong, Dukang Distillers, Hotel Properties, Midas, Sarin, Sing Holdings, Super Group, Viz Branz and Yongnam.