Horizon Robotics (9660 HK) IPO: Valuation Insights
Our valuation analysis suggests that Horizon is unattractively valued at the IPO price range. Therefore, we would pass on the IPO.
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Horizon Robotics (9660 HK) IPO: The Bear Case
The bear case rests on high related parties' revenue, customer concentration risk, pricing pressure, uncertain path to profitability, high cash...
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Horizon Robotics (9660 HK) IPO: The Bull Case
The bull case rests on a large TAM, a blue-chip customer base, a robust backlog, a core business in good health, a high gross margin, and a strong...
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HSI, HSCEI, HSTECH, HSIII: Rebalance Flows Post Capping (Sep 2024)
The September rebalance of the HSI, HSCEI, HSTECH and HSIII indices will use today's closing prices for capping. The round-trip trade across the...
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Hang Seng Internet & IT Index Rebalance: Three Changes & A Few Surprises
There are 3 changes for the HSIII in Sep. Estimated one-way turnover at the rebalance is 3.4% resulting in a round-trip trade of HK$2.04bn...
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