ENTITY
Horizon Construction Development

Horizon Construction Development (1887128D HK)

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Analysis
IndustrialsChina
Horizon Construction Development Ltd provides engineering services.
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bearishHorizon Construction Development24 May 2023 13:52

Horizon Construction Dev IPO Trading - Subscription Rates Still Weak, Despite Cornerstone Support

Horizon Construction Development (1887128D HK) raised around US$210m in its Hong Kong IPO. In this note, we will talk about the trading dynamics...

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Ethan Aw
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bearishHorizon Construction Development14 May 2023 12:30

Horizon Construction Development IPO - Peer Comparison & Thoughts on Valuation

Horizon Construction Development (1887128D HK) is looking to raise US$223m in its upcoming Hong Kong IPO. In this note, we undertake a quick peer...

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Ethan Aw
266 Views
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bearishHorizon Construction Development12 May 2023 14:38

Horizon Construction Development IPO: Valuation Insights

Our valuation analysis suggests that HCD is fully priced at the IPO price range. Therefore, we are inclined to pass on the IPO.

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Arun George
399 Views
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bearishHorizon Construction Development27 Apr 2023 10:00

Horizon Construction Dev Pre-IPO - Refiled PHIP Updates - Affected by COVID-19 & Fueled by More Debt

Horizon Construction Development (1887128D HK) is looking to raise US$250m in its upcoming Hong Kong IPO. In this note, we take a look at the...

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Ethan Aw
274 Views
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bearishHorizon Construction Development26 Apr 2023 22:52

Horizon Construction Development IPO: The Bear Case

The key elements of the bear case rest on core business margin decline, unexplained headcount reduction, cash burn, long receivable days and...

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Arun George
247 Views
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