[Tencent Music (TME US) Target Price Change]: Cut TP as Offline Music Activities Begin to Thrive
As more offline entertainment activities resume after reopening, it would adversely impact both its online music and social entertainment segments....
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AUB Group Placement - Came as a Surprise but Strong Track Record Makes up for It
AUB Group is looking to raise up to AUD150m (US$100m) in its primary placement. In this note, we'll run the deal through our ECM framework and...
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TME: Online Music Drives Earnings; No Recovery in Sight for Social Entertainment Yet
1Q23 earnings were driven by online music services. Social entertainment biz's prospects remain bleak which still account for 50% of revenues. We...
240 Views
Growatt Technology Pre-IPO - Latest Thoughts on Valuation
Growatt Technology (1833969D CH) is looking to raise about US$400m in its upcoming Hong Kong IPO. In this note, we will provide our latest thoughts...
376 Views
Horizon Construction Development IPO - Peer Comparison & Thoughts on Valuation
Horizon Construction Development (1887128D HK) is looking to raise US$223m in its upcoming Hong Kong IPO. In this note, we undertake a quick peer...
297 Views