Perfect Shape Is Not Perfect But Here Is What We Like About It
We think that Perfect Shape offers a long-term alpha opportunity with a margin of safety at the current level, even after a nearly 30% rally in the...
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Tang Palace: Deep Value or Value Trap
Current share price points to juicy yields on a pre-COVID basis, but is there any value trap? We examine business economics in detail.
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Water Oasis: Deep Value or Value Trap?
Buying cheap does not necessarily produce sizable returns. We employ our value-trap framework to assess the risk profile of Water Oasis, a...
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Union Medical Healthcare Pre-IPO Review - Dressed up with More than Its Fair Share of Botox
Union Medical Healthcare, the largest provider of aesthetic medical services in Hong Kong, plans to raise US$150m through its IPO in Hong Kong. As...
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