Lianlian DigiTech IPO: PHIP Updates
The PHIP reinforces the bear case of operating losses, an unconvincing path to profitability, and a volatile FCF with a deteriorating balance sheet.
260 Views
Zomato Placement - Momentum Is Very Strong, Somewhat Well Flagged
AntFin is looking to raise around US$350m by selling around 2% of Zomato (ZOMATO IN). In this note, we talk about the deal dynamics.
314 Views
GEMWeekly (1 Mar 2024): China, India Macro; Ant, Alibaba, NetEase, Reliance Industries
The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global...
302 Views
CX Daily: China Intensifies Efforts to Curb Risk in Troubled Trust Sector
Trust / In Depth: China intensifies efforts to curb risk in troubled trust sector Profitability is out and risk management is in. That’s the...
153 Views
HSCEI Dividend Futures: Shrinking OI; Fair Value Estimates Show Upside
We see the HSCEI 2024 div futures slightly underpriced with the potential for more upside. There are risks to the trade, mainly from the banks and...
293 Views