Kanghua: Cheap Chinese Healthcare Play with Optionality
Kanghua manages a few hospitals but it depends mainly on its flagship hospital – Kanghua Hospital, which is a leading Class 3 general hospital...
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Smartkarma - ECM Coverage Weekly Update (14 Nov 2016)
Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs.Accuracy Rate:Our accuracy...
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Guangdong Kanghua IPO: Ask About Future Loans to Related Parties
Decreasing Debt Level – Good at First Look Taking a look at GDKH balance sheet, we can see that its bank borrowings (no. 24) have decreased from a...
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Guangdong Kanghua IPO Review - Two Average Hospitals Not Deserving of a Premium
Guangdong Kanghua Healthcare (3689 HK) plans to raise about US$126 - 157m in its IPO through selling 84m primary share. Our fellow insight...
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IPO Preview: Guangdong Kanghua's Near-Term Margin Headwinds
In this piece, I highlight factors that could dampen Guangdong Kanghua Healthcare (GDKH) gross margins, includingi) Expansion into Shenzhen and...
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