Major Top on U.S. Dollar; Overweight Non-U.S. And Europe/UK; Buys in Tech, Comm., Discretionary
The $DXY broke below 5-year support at $103, signaling a major top in place. This is bullish for risk assets, and is another sign suggesting the...
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Pop Mart International IPO: Trading Debut
Pop Mart priced its IPO at HK$38.50 and opened 82% higher at HK$70.00 in the grey market. Our DCF sensitivity analysis shows that the IPO price...
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Pop Mart International IPO: Valuation Insights
At the mid-point of the IPO price range, the total net proceeds are HK$4,568.8 million ($589 million). Overall, we would participate in the IPO due...
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Pop Mart IPO - Making You Pay Well for Growth
POP MART (POP HK) aims to raise up to US$674m in its Hong Kong IPO Pop Mart is the largest and fastest growing pop toy company in China, in terms...
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Pop Mart Pre-IPO - Valuation Updates
POP MART plans to raise around US$200-300m in its Hong Kong IPO. Pop Mart is the largest and fastest growing pop toy company in China, in terms of...
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