[Huitongda (9878 HK, SELL, TP HK$18) Target Price Change]: Concerns Arise on OCF Outflow
We maintain the stock as SELL rating and raise TP by HK$4.5 to HK$18.0 to factor in the shrinking minority interests on market value basis.
396 Views
ZJLD Group Pre-IPO PHIP Updates - Benefited from Higher ASPs, Although Inventory Build up a Concern
ZJLD Group (ZJLD HK) is looking to raise up to US$400m in its upcoming Hong Kong IPO. In this note, we look at the firm’s PHIP updates.
347 Views
Shum Yip Property Operations Group Pre-IPO Tearsheet
Shum Yip Property Operations Group (SYPOG HK) is looking to raise about US$200m in its upcoming Hong Kong IPO. SYPOG is a property management,...
341 Views
JF Wealth Holdings IPO - Can Get Similar Exposure at Cheaper Valuations
JF Wealth Holdings (9636 HK) is looking to raise US$143m in its Hong Kong IPO. In this note, we discuss our earnings estimates, and thoughts on...
270 Views
JF Wealth IPO - Has Grown Well over Track Period, but Questions on Sustainability Remain
JF Wealth Holdings (9636 HK) is looking to raise US$143m in its Hong Kong IPO. JFW focuses on the online investor content services market in China.
240 Views