ECM Weekly (8th Jan 2022) - Sinohytec, Beauty Farm, Sula, Kfin, Bionote, Meidong, CIFI, Jinxin Fert
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Pre-IPO Beauty Farm Medical and Health Industry - Hard to Make Money Due to Industry Characteristics
As a downstream company, Beauty Farm has weak bargaining power in the whole industrial chain.We are conservative about its profitability. The...
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Beauty Farm Medical and Health Industry (BFM HK) IPO: Pandemic Blemishes Near-Term Growth Prospect
The company aims to raise ~$300M by listing on the HKEX. However, the pandemic has took a toll on the company’s recent financial performance in...
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Beauty Farm Medical and Health Industry Pre-IPO - Stable Margins & Profitable but Nothing Impressive
Beauty Farm Medical and Health Industry (BFM HK) is looking to raise up to US$300m in its upcoming Hong Kong IPO. In this note, we discuss the...
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Beauty Farm Medical and Health Industry Pre-IPO: Near-Term Operating Environment Is Not Beautiful
BFM enjoys leadership positioning in a large and growing addressable market. However, investors can avoid this issue due to COVID-related...
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