Nissin Food Co (1475): Wheat Price Increase Erodes Margin
The increase in the revenues may not able to cover the loss from the increase in raw material cost. ICBP share price is a tell-tale sign. Nissin...
410 Views
Farm Fresh IPO - Not the Cheapest but Could Be Worth the Price
Farm Fresh Berhad (FF MY) is looking to raise US$239m in its Malaysia IPO. In this note, we will look at peers, assumptions, and share our thoughts...
1.1k Views
The Week That Was in ASEAN@Smartkarma - Bukalapak's Bank, Thailand Debt Restructurer, and Sea Ltd
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
350 Views
Cisarua Mountain Dairy (Cimory) IPO: Trading Debut
Cimory priced its IPO at IDR3,080.00 per share. Our DCF value of IDR3,331.04 per share is an 8% upside to the IPO price. The IPO price is fair but...
457 Views
Cisarua Mountain Dairy (Cimory) IPO - A Legend in Dairy
Cimory is the leader in Indonesia for yoghurt both spoonable and drinking but has been growing its exposure to UHT milk plus consumer foods in a...
386 Views