Last Week in GER Research: Haidilao, Popflops, Bitmain, Shandong Gold, Niu and China Renaissance
Below is a recap of the key IPO research produced by the Global Equity Research team. This week we highlight 25% potential downside at Haidilao as...
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Meituan Dianping (3690 HK): Good Interims but Fully Priced
Meituan Dianping (3690 HK) is trading marginally below its IPO price of HK$69 per share. Its maiden 1H18 results continued to show that Meituan is...
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EM Strategy: Russia and Thailand Bullishly Inflecting; Pullback Opportunity in India
This report highlights actionable themes across the EM universe, including: bullish inflections in the Russian and Thai markets, and a pullback...
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Meituan-Dianping H118 Results: Revenue Growth Slows | Incentives Cut? | Disclosure Worsens
Our initial impressions of Meituan Dianping (3690 HK) H118 results -- its first earnings report since it listed in Hong Kong last week -- are...
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Naspers Will List Multichoice (Video Entertainment) As It Tries to Reduce the NAV Discount.
Naspers Ltd (NPN SJ) trades at a very wide discount to NAV, a level that has been stubbornly high an has attracted the attention of activist...
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