Busy Ming (1768 HK) IPO: Not Expensive with Moderate Upside
Busy Ming outperforms peers in F&B retailing at a 3-year EPS CAGR of 43.1%, with a cheap IPO at 13x FY26F and 10.2x FY27F PERs. The fair value is...
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Aequitas: Busy Ming Pre-IPO- Priced at a Discount to Peers
Busy Ming plans to raise $430m in its Hong Kong IPO. It is a rapidly growing food and beverage retailer in China with stores in prime locations....
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Weekly Deals Digest (18 Jan) - Toyota Ind, Mandom, IJM, BioDlink, Dongfeng, Qube, Montage, Busy Ming
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
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Eastroc Beverage A/H Listing - PHIP Updates and Thoughts on A/H Premium
Eastroc Beverage Group (605499 CH) (EB), a China-based functional beverage company, aims to raise around US$1bn in its H-share listing. In this...
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Busy Ming IPO: The Investment Case
Busy Ming, a food and beverage retailer in China, is seeking to raise US$400 to US$500 million. In this note, I discuss the investment case.
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