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ICAP traded below closed-end funds (CEFs) on the U.S. market. CEFs in the U.S. are usually traded at a 3% to 9% discount. Why is ICAP's deep discount to U.S. CEFs ...
ICAP mathematical Calculation: 2.49 / 4.37 = ~0.57 discount ratio
Genting Bhd’s revenue is predominantly driven by service-based operations, particularly in its leisure and hospitality segments which contributed 90% of the Company’s revenue.
The market speculators took advantage to exploit Genting’s weakness to overshadow the market weakness.
