Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

<p>Adairs is a leading bedding and home decoration retailer in Australia. The company scores well in our IPO framework. We like the company's superior operation and its industry tailwind of booming housing spending. The major shareholder BB Retail Capital, has track record of listed Lovisa (Bloomberg ticker: LOV AU) in 2014 with stellar performance. IPO valuation is attractive at the low end and on-par with peers at high end. Net-net, we would be buying the IPO and in the view that reward outweights risk.&nbsp;</p>

Adairs is a leading bedding and home decoration retailer in Australia. The company scores well in our IPO framework. We like the company's superior operation and its industry tailwind of booming housing spending. The major shareholder BB Retail Capital, has track record of listed Lovisa (Bloomberg ticker: LOV AU) in 2014 with stellar performance. IPO valuation is attractive at the low end and on-par with peers at high end. Net-net, we would be buying the IPO and in the view that reward outweights risk.&nbsp;

Fashion leader riding the Australia housing boom, reasonable pricing at low end

Adairs Ltd

Fashion leader riding the Australia housing boom, reasonable pricing at low end