SBI Shinsei Bank Pre-IPO - Thoughts on Valuations
SBI Shinsei Bank (8303 JP), a Japanese financial institution, aims to raise around US$2bn in its Japan listing. In this note, we talk about...
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SBI Shinsei Bank Pre-IPO - Peer Comparison
SBI Shinsei Bank (8303 JP), aims to raise around US$2bn in its Japan listing. We have looked at past performance in our earlier notes. In this...
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Full Truck Alliance Q325 Results: Trimming Freight Brokerage Services Means Slower Near-Term Growth
Full Truck Alliance's Q325 results were the first to reflect the company's decision to de-emphasize its Freight Brokerage Services segment, a...
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SBI Shinsei Bank Pre-IPO - The Negatives - PAT Growth Aided by One-Offs, Margins Under Pressure
SBI Shinsei Bank (8303 JP), a Japanese financial institution, aims to raise around US$2bn in its Japan listing. In this note, we talk about the not...
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ZTO Express Q325 Results | Revenue, ASPs Both Up Y/Y | But Earnings, Margins Both Down | AVOID
ZTO reported another weak set of results on Wednesday, as margins collapsed in Q3 despite modest pricing improvement. Oh, and management cut volume...
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