Perfect Shape Is Not Perfect But Here Is What We Like About It
We think that Perfect Shape offers a long-term alpha opportunity with a margin of safety at the current level, even after a nearly 30% rally in the...
655 Views
Water Oasis: Deep Value or Value Trap?
Buying cheap does not necessarily produce sizable returns. We employ our value-trap framework to assess the risk profile of Water Oasis, a...
648 Views
Smartkarma Originals
IPO Analytics: Corporate Governance - Alpha Generator, Shortlist of Bookrunners to Avoid/Keep Happy
Since inception of our IPO research in 2015, the Aequitas Research team has covered over 361 IPOs, which raised over US$100m each, across Asia...
1.6k Views
Additional Points to Consider
We concur with Sumeet's analysis of the Union Medical IPO, and offer the following additional points:Economically sensitive -- Cosmetic surgery and...
486 Views
Union Medical IPO - We Would Avoid on Slowing Growth and Disclosure Concerns
Union Medical Healthcare (UMH), an aesthetic medical services provider in Hong Kong, plans to raise upto US$120m through an issuance of primary...
527 Views