Shimao Services: KWG Living-Like Valuation; Parent Trading Rich
Shimao Property's trades at a significant premium to the implied P/B for property developers, net of their management services investment holding.
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Lufax IPO Valuation: The Risk-Reward Profile Does Not Justify the Premium
In this insight, we evaluate the attractiveness of Lufax's IPO valuation compared to its peers. We believe the company shares are overvalued and...
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ECM Weekly (25 October 2020) - Ant Group, Lufax, JW Thera, Shimao Svcs, GDS Secondary, Nanofilm
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs. This week...
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Shimao Services IPO: Another Property Management Services Company with Good Potential
We deep dive into Shimao Services' business model, financials and valuation to assess the attractiveness of its business and IPO.
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Shimao Services IPO: Valuation Insights
At the proposed IPO price range of HK$14.80-17.20 per share, Shimao will have a market cap of $4.5-5.2 billion. Our valuation analysis suggests...
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