Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Research Reinvented

Equity Capital Markets

Datang Environment / Equity Capital Markets

In our <a href="https://www.smartkarma.com/insights/datang-environment-pre-ipo-part-1-dilemma-of-dependence-and-competitiveness" target="_blank">Datang Environment IPO Preview (Part 1)</a>, we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to its: 1) concession business in the long run,2) engineering business peaking, and3) reliance on related parties.In this insight, we will dig into the background of the concession business, illustrate the challenges faced by concession operators, compare DEI with listed peers and finally add our thoughts on valuation. <h2>A brief background of the</h2>…

In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to its: 1) concession business in the long run,2) engineering business peaking, and3) reliance on related parties.In this insight, we will dig into the background of the concession business, illustrate the challenges faced by concession operators, compare DEI with listed peers and finally add our thoughts on valuation. A brief background of the…

Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator

China

Zhejiang Feida Environmental Science & Technology Co., Ltd. designs and manufactures electrostatic precipitators, pneumatic conveying systems, flue-gas desulfurization equipment, and fabric filters.  The Company's products are mainly supplied to electricity generators and manufacturers of construction materials and metals.

Zhejiang Feida Env. Sci & Tech (A) (600526 CH)

Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator

In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to...

Ke Yan, CFA, FRM