CSI A500 Index Rebalance Preview: Bunch of Changes to Lead to US$1.6bn Trade
There could be 23 changes for the CSI A500 Index at the Dec rebal. Estimated turnover is 2.9% and round-trip trade is US$1.6bn. Adds outperformed...
432 Views
Horizon Construction Dev IPO Trading - Subscription Rates Still Weak, Despite Cornerstone Support
Horizon Construction Development (1887128D HK) raised around US$210m in its Hong Kong IPO. In this note, we will talk about the trading dynamics...
413 Views
Horizon Construction Development IPO: The Bear Case
The key elements of the bear case rest on core business margin decline, unexplained headcount reduction, cash burn, long receivable days and...
384 Views
Horizon Construction Development IPO: The Bull Case
The key elements of the bull case rest on market share gains, an anticipated post-COVID recovery boost, high revenue visibility, stable operating...
477 Views