The State of Online Retailing in China
Despite the promise of online retailing and its rapid growth, there are worrying signs that point to either a coming slowdown, data discrepancies,...
382 Views
Retail and Consumer Activity in China
Given the available data, we believe it indicates that Chinese consumer growth remains positive but significantly weaker than headline official...
403 Views
Busy Ming Hong Kong IPO Valuation Analysis
Our base case valuation of Busy Ming is implied market cap of HKD84.6 billion (USD10.8 billion) which is 66% higher than the high end of the IPO...
612 Views
Busy Ming (1768 HK) IPO: Valuation Insights
Busy Ming has launched an HKEx IPO to raise up to US$428 million. In this note, I present my forecasts and valuation. My analysis suggests that the...
514 Views
Jardine Matheson (JM SP) On A Roll As The Street Turns (More) Positive
MAND has confirmed it's in discussions to sell some office space in One Causeway Bay (previously the Excelsior Hotel). Alibaba is rumoured to be...
1.2k Views