In today’s briefing:
- Hyundai Elevator Chairwoman Hyun Seeks Capital from H&Q Korea
- Western Carriers Pre-IPO Tearsheet
- Monthly Express Tracker | ASPs Down Again | Volume Growth Moderates | J&T Express IPO | (June 2023)
Hyundai Elevator Chairwoman Hyun Seeks Capital from H&Q Korea
- It was reported in the local media that Hyundai Elevator Chairwoman Hyun Jeong-Eun is close to completing a deal with H&Q Korea in a deal worth nearly 300 billion won.
- The three major reasons driving higher share price of Hyundai Elevator in the last three months include share buyback/cancellation, potential M&A, and solid 1Q 2023 results.
- With noticeable downturn in the Korean construction sector, Hyundai Elevator could face worsening industry prospects for both residential and commercial elevators in the next 12-24 months in Korea.
Western Carriers Pre-IPO Tearsheet
- Western Carriers (1489172D IN) is looking to raise at least US$100m in its upcoming India IPO. The deal will be run by JM Financial and Kotak.
- The firm provides multi-modal logistics services which include road, railway, ocean/coastal/river and air logistics services.
- It also provides chartering services to overseas destinations, stevedoring services at Indian ports and coastal movement of cargo within India.
Monthly Express Tracker | ASPs Down Again | Volume Growth Moderates | J&T Express IPO | (June 2023)
- In May, average pricing fell again Y/Y, and volume growth moderated somewhat vs April
- We look forward to learning more about J&T Global Express IPO and its path to profits
- Check out the weird China-US postage fraud case and YTD share performance
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