Kakao Bank IPO - Pricey as It Should Be
Kakao Bank (KB), South Korea’s largest digital bank, aims to raise up to US$2.2bn in its South Korean IPO. Kakao held a 31.62% stake prior to listing.
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Tencent Holdings – Celebrating The Return Of Retail
TENCENT HOLDINGS: Tencent's Afterpay recently announced an integrated, multi-year national partnership with Westfield shopping centers in the US,...
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Tencent – Is Short-Term Risk/Reward More Balanced?
Tencent shares are down 6% YTD and we note the short-term risk/reward is a bit more balanced with moderation in consensus forecasts as well as...
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Hong Kong Connect Flows: $2.2bn Outflows and the Regulatory Newsflow
We highlight Hong Kong Connect outflows from Tencent Holdings Limited (700 HK), and Meituan (3690 HK) due to negative regulatory newsflows.
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HK Exchange (388): Beneficiary of HK Tech Crack Down
HKEX (388 HK) may be the only Exchange approved by the Chinese government for Chinese companies to raise money from foreign investors. Maintain Buy
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