Sichuan Baicha Baidao Pre-IPO - The Negatives - Growth Is Unsustainable
The company has filed its PHIP and is pre-marketing this week. We will look at the updates from its recent filings in our next note.
784 Views
MIXUE Pre-IPO - Initial Thoughts on Valuation
Mixue Group is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we provide our earnings estimates and initial thoughts on...
999 Views
Pre-IPO Sichuan Baicha Baidao Industrial - High Profitability and Growth May Not Be Sustainable
Facing fierce homogeneous competition in lower-tier cities, It's a question mark if Baicha Baidao would maintain its market share, revenue growth...
619 Views
Auntea Jenny (Shanghai) Industrial Pre-IPO - The Negatives - Improving Margins Playing Catch Up
Auntea Jenny (Shanghai) Industrial (AJI HK) is looking to raise around US$300m in its upcoming Hong Kong IPO. In this note, we will talk about the...
657 Views
Auntea Jenny (Shanghai) Industrial Pre-IPO - The Positives - Has Benefited from a Growing Network
Auntea Jenny (Shanghai) Industrial (AJI HK) is looking to raise around US$300m in its upcoming Hong Kong IPO. In this note, we will talk about the...
759 Views