Fosun Tourism IPO Valuation: Not Attractively Valued Given Low ROIC
Based on IPO price range of HK$15.60 to HK$20 per share, we do not think Fosun Tourism (1638664D HK) is attractively valued. At mid-point of IPO...
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Last Week in GER Research: WuXi App, Don Quijote, Koolearn, Asiainfo and China's Bike Sharing Bubble
Below is a recap of the key IPO and event-driven research produced by the Global Equity Research team. This week we update on IPO WuXi AppTec Co....
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Fosun Tourism Pre-IPO - No Improvement or Major Changes in Club Med Since the Acquisition
Fosun Tourism (1638664D HK) plans to raise up to US$700m in its Hong Kong listing, as per media reports. The company is essentially Club Med, which...
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Last Week in GER Research: Babytree, NTT, Tongcheng, IDreamSky, Fosun, Sinochem, and Mogu
Below is a recap of the key IPO and event-driven research produced by the Global Equity Research team. This week we highlight the latest on...
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Fosun Tourism IPO Preview – A Debt-Fueled Hangover
Fosun Tourism (1638664D HK) has start pre-marketing its IPO in order to raise $1bn USD. We note the following points: Intro to Fosun Tourism A...
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