Zhou Liu Fu (6168 HK) IPO: Not Our Cup of Tea
Zhou Liu Fu Jewelery's IPO lacks appeal due to declining profitability, smaller size, and weaker financials, with limited upside and downside in...
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Zhou Liu Fu Pre-IPO: Not Blindingly Cheap but Peer Momentum Is Strong
Zhou Liu Fu is looking to raise up to $143m in its upcoming Hong Kong IPO. In this note, we examine the IPO dynamics, and look at the firm’s...
708 Views
ECM Weekly (16 June 2025) - Haitian, Sanhua, Kitazato, Primo, Kioxia, Xtalpi, Horizon, Keymed, Wuxi
Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
655 Views
Pre-IPO Zhou Liu Fu Jewellery (PHIP Updates) - Some Points Worth the Attention
Rapid surge in gold prices poses risk to Zhou Liu Fu's franchise model. The future performance may suffer from rising raw material costs and...
662 Views
ECM Weekly (9 June 2025) - Haitian, Sanhua, Virgin Aus, Primo, Kitazato, Wistron, Kelun Bio, Mao Gep
Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
635 Views