China A-Shares - EM Fund Ownership Guide
China A-Shares represent the 6th largest country holding among active EM investors. In this analysis, we analyse the current set up of A-Shares in...
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4Paradigm IPO: Valuation Insights
4Paradigm has launched an HKEx IPO to raise up to US$144m. Our analysis suggests that the IPO price range is unattractive. We would give the IPO a...
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4Paradigm IPO: The Bear Case
The bear case rests on Sage Platform’s rapid slowdown, high customer concentration risk, recent gross margin pressure, FCF burn, rising cash...
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4Paradigm IPO: The Bull Case
The bull case rests on the success in increasing key customer numbers, net dollar expansion rates, improving visibility, strong growth in...
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Hikvision (002415 CH) – Taking time to recover
Hikvision delivered a weaker than expected FY1Q23 with revenue of RMB16.2bn (-2% YoY) and net profit of RMB1.81bn (-21% YoY).
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