IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guming-holdings-limited" target="_blank" data-smartkarma-citation="entities:40622:1" rel="noopener">Guming Holdings (GUM HK)</a> (Good me), a freshly-made tea store brand, has launched an HKEx IPO to raise up to US$202 million.</li>
<li>We previously discussed the IPO in <a href="https://www.smartkarma.com/insights/guming-holdings-good-me-ipo-the-bull-case" target="_blank" data-smartkarma-citation="insights:173217" rel="noopener">Guming Holdings (Good Me) IPO: The Bull Case</a> and <a href="https://www.smartkarma.com/insights/guming-holdings-good-me-ipo-the-bear-case" target="_blank" data-smartkarma-citation="insights:173512" rel="noopener">Guming Holdings (Good Me) IPO: The Bear Case</a>.</li>
<li>There are five cornerstone investors. Our valuation analysis suggests that Guming is attractively valued at the IPO price range. Therefore, we would participate in the IPO.</li>
</ul>



Guming Holdings (GUM HK) (Good me), a freshly-made tea store brand, has launched an HKEx IPO to raise up to US$202 million.
We previously discussed the IPO in Guming Holdings (Good Me) IPO: The Bull Case and Guming Holdings (Good Me) IPO: The Bear Case.
There are five cornerstone investors. Our valuation analysis suggests that Guming is attractively valued at the IPO price range. Therefore, we would participate in the IPO.


Guming Holdings (1364 HK) IPO: Valuation Insights

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guming-holdings-limited" target="_blank" data-smartkarma-citation="entities:40622:1" rel="noopener">Guming Holdings (GUM HK)</a> is looking to raise US$202m in its Hong Kong IPO. Guming Holdings (Guming) sells freshly-made beverages in China.</li>
<li>Guming Holdings (Guming) sells freshly-made beverages in China. Guming focuses on the mid-priced freshly-made tea beverage market with product prices typically ranging between RMB10-18.</li>
<li>In this note, we discuss our thoughts on valuation at the IPO price range.</li>
</ul>



Guming Holdings (GUM HK) is looking to raise US$202m in its Hong Kong IPO. Guming Holdings (Guming) sells freshly-made beverages in China.
Guming Holdings (Guming) sells freshly-made beverages in China. Guming focuses on the mid-priced freshly-made tea beverage market with product prices typically ranging between RMB10-18.
In this note, we discuss our thoughts on valuation at the IPO price range.


Guming Holdings IPO - Digestible Valuation from the Bottom End

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Quantitative Analysis

<ul>
<li>We analyze the monthly Hong Kong Connect flows with our data engine.</li>
<li>We tabulate the top stocks by inflows, outflows, and holding by mainland investors.</li>
<li>We highlight inflows into Tencent, SMIC, ICBC, China Mobile, Xiaomi and outflows from Meituan.</li>
</ul>


We analyze the monthly Hong Kong Connect flows with our data engine.
We tabulate the top stocks by inflows, outflows, and holding by mainland investors.
We highlight inflows into Tencent, SMIC, ICBC, China Mobile, Xiaomi and outflows from Meituan.


Hong Kong Connect Flows (January): $18.1bn Inflows

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>U.S. and Chinese tech giants are racing to integrate DeepSeek’s large language models into their products, seeking to capitalize on the Chinese firm’s meteoric rise that has rattled the global artificial intelligence (AI) sector.</li><li>As of Sunday, Nvidia Corp., Microsoft Corp., Amazon Web Services Inc. (AWS), as well as the cloud-computing units of Huawei Technologies Co. Ltd. and Tencent Holdings Ltd. have added DeepSeek’s AI models to their offerings, aiming to attract more developers and subscribers.</li><li>Microsoft was the first major player to make an announcement, saying on Wednesday that it had added DeepSeek-R1 to its Azure AI model library and embedded the model into its Copilot chatbot.</li></ul>

U.S. and Chinese tech giants are racing to integrate DeepSeek’s large language models into their products, seeking to capitalize on the Chinese firm’s meteoric rise that has rattled the global artificial intelligence (AI) sector.As of Sunday, Nvidia Corp., Microsoft Corp., Amazon Web Services Inc. (AWS), as well as the cloud-computing units of Huawei Technologies Co. Ltd. and Tencent Holdings Ltd. have added DeepSeek’s AI models to their offerings, aiming to attract more developers and subscribers.Microsoft was the first major player to make an announcement, saying on Wednesday that it had added DeepSeek-R1 to its Azure AI model library and embedded the model into its Copilot chatbot.

Tech Giants Dash to Include DeepSeek’s AI Into Their Offerings 

<ul>
<li>Exports /In Depth: Beijing’s ban on mineral exports to U.S. leaves traders scrambling</li>
<li>DeepSeek /: Tech giants dash to include DeepSeek’s AI into their offerings</li>
<li>Rail /: Expanded Russian customs checks disrupt China-Europe rail logistics</li>
</ul>


Exports /In Depth: Beijing’s ban on mineral exports to U.S. leaves traders scrambling
DeepSeek /: Tech giants dash to include DeepSeek’s AI into their offerings
Rail /: Expanded Russian customs checks disrupt China-Europe rail logistics


CX Daily: Beijing’s Ban on Mineral Exports to U.S. Leaves Traders Scrambling 

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

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Tencent Holdings (ADR) (TCEHY US)

Guming Holdings (1364 HK) IPO: Valuation Insights

Our valuation analysis suggests that Guming is attractively valued at the IPO price range. Pricing is on 10 February, and the shares will be listed...

Arun George

Guming Holdings IPO - Digestible Valuation from the Bottom End

Guming Holdings (GUM HK) is looking to raise US$202m in its Hong Kong IPO. In this note, we discuss our thoughts on valuation at the IPO price range.

Clarence Chu

Hong Kong Connect Flows (January): $18.1bn Inflows

We analyzed the Hong Kong Connect Scheme for January and highlighted flows for Tencent, SMIC, ICBC, China Mobile, Xiaomi and Meituan.

Ke Yan, CFA, FRM

Tech Giants Dash to Include DeepSeek’s AI Into Their Offerings

U. S. and Chinese tech giants are racing to integrate DeepSeek’s large language models into their products, seeking to capitalize on the Chinese...

Caixin Global

CX Daily: Beijing’s Ban on Mineral Exports to U.S. Leaves Traders Scrambling

Exports / In Depth: Beijing’s ban on mineral exports to U. S. leaves traders scrambling As China’s trade war with the...

Caixin Global

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