In today’s briefing:
- Pan United Corporation :
- Mirxes IPO: Valuation Without Sensible Fundamentals
Pan United Corporation :
- Ready -Mix Cement market leader in Singapore which is focused on operational efficiency.
- Remains committed to innovation, technology and sustainability of environment by reducing carbon emissions
- Focus on improving ROE, asset light and with reasonable earnings earnings visibility
Mirxes IPO: Valuation Without Sensible Fundamentals
- Mirxes, a Singapore-based clinical-stage biotechnology company, launched its IPO to raise up to US$139m via a Hong Kong listing.
- We look at the deal dynamics and latest developments in the early cancer screening sector in China.
- We are of the view that there’s little fundamentals supporting that valuation. Precision oncology companies have not done well in China.
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