Dida IPO: Valuation First Look
Dida is seeking listing approval to raise $500m through a Hong Kong listing. In this note, we present our forecasts and take the first look at...
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China ADRs Secondary Listing - Pipeline Looks Rich, Have Three Years to Move
2020 saw nine companies undertake a secondary listing in Hong Kong, to together raise over US$16bn. We shortlist remaining candidates and look at...
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Dida IPO Initiation: Sharing a Lift
Dida is seeking listing approval to raise $500 million through an HK listing. Dida is an attractive new economy company that combines high growth...
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December-January Travel Data Confirm Stalled Domestic Recovery; Weak LNY Unlikely to Help
The recovery in domestic travel demand stalled again in December, and we believe improvement will be muted in the near-term as officials battle...
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TRACKING TRAFFIC/Pair Trades Update: 'Want to See a Dead Body?' (January 7 2021)
One month in, our three suggested pair trades have generated returns ranging from "meh" to "You're fired!" In this note we take a look at what went...
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