Xin Point IPO Review - Follow-Up on Valuation
Xin Point Holdings Limited (1571 HK) is raising approximately US$110m in its upcoming IPO. Proceeds will be mainly used for the construction of the...
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Expected Macau Smoking Ban Creates a Level Playing Field for Operators
This week the Macau government proposed to the Second Standing Committee of Macau Legislative Assembly to allow smoking only in smoking lounges in...
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China NEV - Driving in the Post-Subsidy World
It is well recognised that the New Energy Vehicle (NEV) growth in China (and elsewhere for that matter) has been fueled by subsidies with the...
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Xin Point IPO: A Small OEM Player in a Fragmented Market
Xin Point, a China automotive component manufacturer, is said to raise at least US$100m in its Hong Kong listing, to fund the expansion of its...
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Upgrading 2017 Macau Gaming Revenue Growth to 6%; Policy Risks Prevent Robust Recovery
We have revised our near-term Macau gross gaming revenue growth forecast, based on our industry checks that point to improvement in both VIP and...
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