In today’s briefing:
- DPC Dash Pre-IPO – The Negatives – Lags the Leader, Remains Loss Making
- Sunshine Insurance Group Pre-IPO – PHIP Updates – Mixed Bag
- Growatt Technology IPO: Growing Watts
DPC Dash Pre-IPO – The Negatives – Lags the Leader, Remains Loss Making
- DPC Dash aims to raise around US$100m in its Hong Kong IPO.
- The company is the exclusive master franchisee for Domino’s Pizza in China, HK and Macau. DPC operated 562 stores across 13 cities, as of Nov 2022.
- In this note, we will talk about the not-so-positive aspects of the deal.
Sunshine Insurance Group Pre-IPO – PHIP Updates – Mixed Bag
- Sunshine Insurance Group (SIG), a life, health and P&C insurance company, aims to raise up to US$1bn in its HK IPO.
- SIG is an integrated insurance provider which offers both life and health (L&H) and property and casualty (P&C) insurance in China.
- We have looked at the company’s past performance in our previous notes. In this note, we will talk about the updates from its latest filings.
Growatt Technology IPO: Growing Watts
- Growatt Technology (1833969D CH), a leading PV invertors manufacturer, is pre-marketing a US$500 million HKEx IPO in October, according to press reports.
- We previously discussed the IPO in Growatt Technology IPO: The Bull Case and Growatt Technology IPO: The Bear Case.
- The PHIP which disclosed the 1H22 results and latest developments suggests that Growatt is delivering high growth, profitability and cash generation.
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