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...
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Yihai International (1579 HK):Â Beneficiary Of Haidilao's Adoption Of Franchising Model
​Haidilao International (6862 HK) introduces franchise model to support growth, benefiting Yihai Int’L Holding (1579 HK) with inexpensive valuation.
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Dali Foods (3799 HK): Widening Spread Ahead of the 23 August Vote
The scheme passed the vote. Minority turnout was high at 76.1%. The scheme was approved by 89.88% of disinterested shareholders. NO votes from...
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Dali Foods (3799 HK): Scheme Vote on 23 August
Sector sentiment has modestly weakened, helping the YES vote. At the last close and for the 8 September payment, the annualised spread is 34.8%....
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Dali Foods (3799 HK): Founder’s Privatisation Offer at HK$3.75
The price is final. While the offer price is unattractive compared to peer multiples and historical share prices, this looks like a done deal.
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