bearish

China Resources Beverage Pre-IPO - The Negatives - Remains a Minnow in Other Markets

188 Views02 May 2024 09:55
China Resources Beverage is looking to raise US$1bn in its upcoming Hong Kong IPO. In this note, we talk about the not-so-positive aspects of the deal.
What is covered in the Full Insight:
  • Overview of China Resources Beverage IPO
  • Water ASP decline despite premiumisation efforts
  • Sales stagnation and distributor count decline
  • Ambiguity on brand performance
  • Concerns over related-party dealings
SUMMARY
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Sumeet Singh
Head of Research, IPOs & Placements
Aequitas Research
EquitiesEquity Capital Markets
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