China Youran Dairy Group IPO: Valuation Insights
At the mid-point of the IPO price range, the gross proceeds are $722 million. Overall, we are inclined to participate at most at the low end of the...
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China Youran Dairy Group IPO: Valuation First-Look
Youran is pre-marketing an HKEx IPO to raise $800 million, according to press reports. In this note, we present our forecasts and take the first...
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The A2 Milk Company: An Udder Downgrade
The a2 Milk CompanyAn Udder Downgrade NEUTRAL The a2 Milk Company (ATM) downgraded FY21 guidance for the fourth time since September 2020, with no...
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Recent Updates: Perfect Shape, Hermes Int'l, A2 Milk
In this article, let's go through some recent updates from three high-quality businesses in my highly selective investable universe.
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China May Scrap The Restriction of Childbirths - Impact on Baby Formula Related Stocks in China
The People's Bank of China released a paper on 14 April that suggested that China allow three or more children per household. In this insight, we...
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