FWD Group Holdings (1828 HK): Low Free Float Delays and Limits Global Index Inclusion
FWD Group falls short of minimum free float requirements prior to the lock-up expiry. It is expected to be added to Global All-World in September...
753 Views
Weekly Deals Digest (29 Jun) - FWD, HDB, Santos, PointsBet, New World, Dickson, HKBN, OneConnect
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
537 Views
FWD IPO Valuation: Intangible Assets Is the Key (Vs. Peers)
FWD has higher-than-peers intangible assets. Hence, using embedded value might be fairer than book value to assess its valuation vs. peers. On a P...
613 Views
FWD Group (1828 HK) IPO: Valuation Insights
The IPO price implies a discount to peers' multiples. A discount is warranted as FWD is smaller than its peers. FWD is fairly valued at the IPO price.
1.2k Views
FWD IPO - Valuation Down but Its Difficult to Get Excited About It
FWD Group, a pan-Asian life insurer founded by Richard Li, aims to raise around US$442m in its HK IPO. In this note, we talk about the IPO pricing.
798 Views