FWD Group IPO: The Investment Case
This note outlines the investment case. My analysis suggests that the fundamentals are mixed as FWD is rapidly growing its new business, but at the...
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FWD IPO: What Are We Buying?
As FWD's scale still lags behind both AIA and Prudential and its growth rate was also merely in line with them, we struggle to develop the...
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FWD: An Ideal Acquisition Target for Korean Insurers?
FWD decided to make another IPO application in Hong Kong on Monday (19th), given the recent share price rebound in the market. This is the 3rd...
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HSI, HSCEI, HSTECH, HSIII, HSBIO Index Rebalance: US$6.4bn of Flows Post Capping (Dec 2025)
The Dec rebalance of the HSI, HSCEI, HSTECH, HSIII, HSHKBIO indices will use today's closing prices for capping. The round-trip trade across the...
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Hong Kong: IPO SPOTLIGHT - OVERVIEW 2025
Hong Kong is the top global destination for IPOs in 2025, with over HK $280 billion raised so far. Large scale A+H dual listings have surged this...
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