In this briefing:
1. Dongzheng Auto Finance (东正汽车金融) IPO Review – Better off Buying the Parent
Dongzheng Automotive Finance (2718 HK) is raising up to US$428m in its upcoming IPO. We have covered the background of the company in Dongzheng Auto Finance (东正汽车金融) Pre-IPO Review – Dependent on Dealership Network for Growth.
In this insight, we will look into the company’s valuation, compare it to listed auto peers, and run the deal through our framework.
Get Straight to the Source on Smartkarma
Smartkarma supports the world’s leading investors with high-quality, timely, and actionable Insights. Subscribe now for unlimited access, or request a demo below.
