In today’s briefing:
- Chagee Holdings – Thoughts on the IPO Debut and the Valuation Outlook
- Intel (INTC.US): Exploring a Tough Journey. (IV)
Chagee Holdings – Thoughts on the IPO Debut and the Valuation Outlook
- Chagee may think that US IPO will help it gain greater imagination space/higher valuation. Although the tariff war is “a big surprise”, conservative IPO pricing still secure a good debut.
- If Chagee can successfully achieve internationalization and reverse the trend of declining performance, its market value could reach US$10.9 billion. However, Chinese concept stocks would still face valuation discounts.
- If same store GMV fails to stabilize, or overseas market penetration is lower-than-expected, or conflict between China and the US escalates, share price would face correction, with valuation falling below Starbucks.
Intel (INTC.US): Exploring a Tough Journey. (IV)
- After the new CEO, Mr. Lip-Pu Tan, took office at the chip giant Intel Corp (INTC US), he initiated a large-scale restructuring of the executive team and organization.
- Intel Corp (INTC US) to sell 51% share of Altera to Silver Lake, a global leader in technology investing. This deal is further to deal with non-performing assets.
- Now, the critical question is, who are the clients of Intel Corp (INTC US) IFS (Intel Foundry Service)?
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