Dida IPO: Valuation First Look
Dida is seeking listing approval to raise $500m through a Hong Kong listing. In this note, we present our forecasts and take the first look at...
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Alibaba (BABA US): Unloved but Undeterred
Alibaba shares underperformed its peers significantly in the last 12 months. We reviewed the company's FY21Q3 results which prime the stock for an...
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China ADRs Secondary Listing - Pipeline Looks Rich, Have Three Years to Move
2020 saw nine companies undertake a secondary listing in Hong Kong, to together raise over US$16bn. We shortlist remaining candidates and look at...
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Beijing Digital (6188 HK): Possible Offer From Zhuhai SASAC
The Offer price appears fair, with respect to historical trading multiples. I see a gross/annualised spread of 15.4%/55.8%, assuming completion...
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Dida IPO Initiation: Sharing a Lift
Dida is seeking listing approval to raise $500 million through an HK listing. Dida is an attractive new economy company that combines high growth...
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