Horizon Construction Dev IPO Trading - Subscription Rates Still Weak, Despite Cornerstone Support
Horizon Construction Development (1887128D HK) raised around US$210m in its Hong Kong IPO. In this note, we will talk about the trading dynamics...
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JD Industrials Pre-IPO - Peer Comparison
JD Industrials (JDI) is looking to raise about US$1bn in its upcoming HK IPO. In this note, we undertake a peer comparison.
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Alibaba Kicks Off Overhaul With Spinoff and Share Sale Targets
Alibaba Group Holding Ltd. outlined timetables for several key business units to complete spinoffs or pursue independent share sales, kicking off...
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Alibaba (BABA US): What It Takes for Re-Rating
Despite markets' focus on near-term growth weakness, we stick to our bullish call on BABA on sustained recovery, well-executed reorganization...
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ECM Asia Takeaways from Hong Kong Investor Meetings - Rakuten, Growatt, JD Industrial and Others
We spent the second half of last week meeting ECM focused clients in Hong Kong. In this note, we talk about some of the investor feedback for live...
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