External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

External broker reports(aggregated public sources)

Edelweiss Broking Limited

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>HUL, the largest FMCG player in India, was formed by merging three subsidiaries of Unilever in 1956.</li><li>HUL’s portfolio of products covers a wide spectrum including soaps, detergents, skin creams, shampoos, toothpastes, tea, coffee, packaged foods and branded atta</li><li>Powerful brands and an envious distribution network are its primary strengths</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

HUL, the largest FMCG player in India, was formed by merging three subsidiaries of Unilever in 1956.HUL’s portfolio of products covers a wide spectrum including soaps, detergents, skin creams, shampoos, toothpastes, tea, coffee, packaged foods and branded attaPowerful brands and an envious distribution network are its primary strengthsContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/farm-fresh-berhad" target="_blank" data-smartkarma-citation="entities:34617:1" rel="noopener">Farm Fresh Berhad (FF MY)</a> is looking to raise US$240m in its upcoming Malaysia IPO.</li>
<li>Farm Fresh Berhad is a dairy group that covers the entire value chain, from farming and manufacturing to distributing its various dairy products and plant-based products. </li>
<li>Farm Fresh’s extensive distribution network and  stockist/dealer channel has led to growing sales volume, which had in turn led to explosive revenue growth over the track period.</li>
</ul>



Farm Fresh Berhad (FF MY) is looking to raise US$240m in its upcoming Malaysia IPO.
Farm Fresh Berhad is a dairy group that covers the entire value chain, from farming and manufacturing to distributing its various dairy products and plant-based products. 
Farm Fresh’s extensive distribution network and  stockist/dealer channel has led to growing sales volume, which had in turn led to explosive revenue growth over the track period.


Farm Fresh Pre-IPO - Distribution Model Has Led to Strong Growth

<ul><li>Hindustan Unilever Limited (HUL), the largest FMCG player in India, was formed by merging three subsidiaries of Unilever in 1956.</li><li>HUL’s portfolio of products covers a wide spectrum</li><li>Powerful brands and an envious distribution network are its primary strength</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Hindustan Unilever Limited (HUL), the largest FMCG player in India, was formed by merging three subsidiaries of Unilever in 1956.HUL’s portfolio of products covers a wide spectrumPowerful brands and an envious distribution network are its primary strengthContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - Hindustan Unilever Limited

<ul>
<li>
<a href="https://www.smartkarma.com/entities/adani-wilmar" target="_blank" data-smartkarma-citation="entities:34763:1" rel="noopener">Adani Wilmar (6596700Z IN)</a> raised around US$500m in its India IPO.</li>
<li>Anchor quality wasn't the greatest, in our view, and were the firm to trade towards its peers' trailing average, it would imply a 21.8% downside potential. </li>
<li>In this note we will talk about the subscription levels and trading dynamics.</li>
</ul>



Adani Wilmar (6596700Z IN) raised around US$500m in its India IPO.
Anchor quality wasn't the greatest, in our view, and were the firm to trade towards its peers' trailing average, it would imply a 21.8% downside potential. 
In this note we will talk about the subscription levels and trading dynamics.


Adani Wilmar IPO Trading - Listing Sentiment Isn’t the Greatest

<ul>
<li>
<a href="https://www.smartkarma.com/entities/adani-wilmar" target="_blank" data-smartkarma-citation="entities:34763:1" rel="noopener">Adani Wilmar (6596700Z IN)</a> is looking to raise up to US$482m in its upcoming India IPO.</li>
<li>In our view, we doubt that the firm would be able to trade close to its blue chip FMCG peers, given its small FMCG component combined with overall weaker margins.</li>
<li>In this note, we will look at updates since our last note, undertake a peer comparison, and share our thoughts on valuation.</li>
</ul>



Adani Wilmar (6596700Z IN) is looking to raise up to US$482m in its upcoming India IPO.
In our view, we doubt that the firm would be able to trade close to its blue chip FMCG peers, given its small FMCG component combined with overall weaker margins.
In this note, we will look at updates since our last note, undertake a peer comparison, and share our thoughts on valuation.


Adani Wilmar IPO - Has the Capabilities to Thrive but Needs to Prove Itself to Trade Higher

India

Hindustan Unilever Limited manufactures and distributes consumer products. The Company offers soap, detergent, personal care products and processed food, ice creams, cooking oils, and other related products. Hindustan Unilever serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Hindustan Unilever (HUVR IN)

Pick of the week - HUL

HUL, the largest FMCG player in India, was formed by merging three subsidiaries of Unilever in 1956. HUL’s portfolio of products covers a wide...

Edelweiss

Farm Fresh Pre-IPO - Distribution Model Has Led to Strong Growth

Farm Fresh Berhad (FF MY) is looking to raise US$240m in its upcoming Malaysia IPO. The dairy group covers the entire value chain and has a total...

Clarence Chu

Pick of the Week - Hindustan Unilever Limited

Hindustan Unilever Limited (HUL), the largest FMCG player in India, was formed by merging three subsidiaries of Unilever in 1956.

Edelweiss

Adani Wilmar IPO Trading - Listing Sentiment Isn’t the Greatest

Adani Wilmar (6596700Z IN) raised around US$500m in its India IPO. In this note we will talk about the subscription levels and trading dynamics.

Clarence Chu

Adani Wilmar IPO - Has the Capabilities to Thrive but Needs to Prove Itself to Trade Higher

Adani Wilmar is looking to raise up to US$482m in its India IPO. In this note, we will look at updates since our last note, undertake a peer...

Clarence Chu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)