JD Logistics IPO: Trading Debut
JD Logistics priced its IPO at HK$40.36 and stood 31% higher at HK$53.00 in the grey market. Our DCF sensitivity and relative valuation analysis...
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JD Logistics IPO: Valuation Insights
The net proceeds are $3.2 billion at the mid-point of the IPO price range. We think that the IPO price range is attractive due to JD Logistics'...
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JD Logistics IPO: Valuation and Forecast Update
JD Logistics is set to launch its IPO to raise $3-4 bn in May. The rumoured $40 bn valuation is fair, particularly in the context of its...
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M&M: Q3FY21 Earnings Update - Capital Allocation Assessment and Restructuring Almost Complete
With capital allocation rejig and restructuring completed for the most part, M&M has bootstrapped itself to become more agile and leaner to support...
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Smartkarma Originals
Indian E-Commerce Logistics - Shipping Into The Limelight
This is a joint insight with Nitin Mangal The Indian logistics industry was one of the 'hot topics' just a couple of years back pursuant to the...
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