DPC Dash Pre-IPO - The Positives - On a Rapid Expansion Spree
DPC Dash, master franchisee for Domino's Pizza in China, aims to raise around US$100m in its Hong Kong IPO. In this note, we talk about the...
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Shakey's Pizza: Q2 2022 Recovery Far Better Than Expectations, Management Guidance Extremely Bullish
Shakeys Pizza is Philippine's largest full-service pizza chain with a 67% marketshare trading at 16x/10x FY22/23e PE. The company boasts a...
516 Views
Converge ICT Placement - Clean-Up and Buyback, Just in Time for the Index Inclusion
Warburg Pincus, aims to raise around US$138m via selling its 3.6% in Converge ICT (CICT). The sale will be accompanied by a company buyback and a...
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Shakeys Pizza: Encouraging Q1 2022, Despite Headwinds
With systemwide sales growth of 33% YoY in Q1 2022, Shakeys has a great runway with good comps for the rest of FY22. The stock trades at 16.6x FY12...
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Shakey's Pizza: High Conviction Three Bagger, Management Call Provides Superb Guidance For FY22
Shakey's Pizza Asia Ventures (PIZZA PM) is a play on F&B normalizing in the Philippines. On our numbers, it trades at a 12x PE for FY22 and 10x...
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