HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Capital Markets

Shenzhen Hipine Precision Technology / Equity Capital Markets

Shenzhen Hipine Precision Technology (HPT HK)

<ul>
<li>Although high gold price helps drive revenue growth as Hipine generally adjusts selling prices, consumer sentiment and demand for purchasing non-essential items such as precious metal watch would be suppressed.</li>
<li>The biggest challenge is that ceiling in gold watch industry is not high. It’s not easy to create new imagination space in a segmented market, which would affect valuation expansion.</li>
<li>Due to the concerns on the future growth potential and profitability, we'e not optimistic about the outlook of Hipine. We think the valuation of Hipine could be lower than peers.</li>
</ul>


Although high gold price helps drive revenue growth as Hipine generally adjusts selling prices, consumer sentiment and demand for purchasing non-essential items such as precious metal watch would be suppressed.
The biggest challenge is that ceiling in gold watch industry is not high. It’s not easy to create new imagination space in a segmented market, which would affect valuation expansion.
Due to the concerns on the future growth potential and profitability, we'e not optimistic about the outlook of Hipine. We think the valuation of Hipine could be lower than peers.


Pre-IPO Shenzhen Hipine Precision Technology (PHIP Updates) - Some Points Worth the Attention

Hong Kong

Ernest Borel Holdings Ltd designs, manufactures, markets, and sells Swiss-made mechanical and quartz premium watches for men and women, offering a range of dress and casual timepieces. The brand, established in Neuchâtel, Switzerland in 1856, is recognized for its elegant and romantic designs. The company's Asia Pacific Office is located in Sha Tin, New Territories, Hong Kong.

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52-week Range	0.00 - 0.00
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Ernest Borel (1856 HK)

Pre-IPO Shenzhen Hipine Precision Technology (PHIP Updates) - Some Points Worth the Attention

High gold price drive revenue growth for Hipine but consumer sentiment and limited market size will hinder valuation expansion. Outlook for Hipine...

Xinyao (Criss) Wang

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pre-IPO Shenzhen Hipine Precision Technology (PHIP Updates) - Some Points Worth the Attention

​High gold price drive revenue growth for Hipine but consumer sentiment and limited market size will hinder valuation expansion. Outlook for Hipine...

Xinyao (Criss) Wang

High gold price drive revenue growth for Hipine but consumer sentiment and limited market size will hinder valuation expansion. Outlook for Hipine...