(Mostly) Asia M&A: November 2019 Roundup
For the month of November, 21 new deals were discussed on Smartkarma with an overall announced deal size of ~US$75bn, helped in large part by...
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China Feihe: Trading Debut, Valuation Scenario Analysis
China Feihe (6186 HK) will commence trading on Wednesday, 13 November. Feihe priced its IPO at HK$7.50 per share (at the low-end of the range). The...
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China Feihe IPO Valuation: Reasonable Compared to Peers but Cheap Compared to Market Deal Multiples
In our previous two insights on China Feihe’s IPO, we mainly focused on the industry, the company’s business model and its financials. This...
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China Feihe IPO: Valuation Is Good for You
China Feihe (FEIHE HK) is the leading player in the China IMF (infant milk formula) market as measured by retail sales value in 2018, according to...
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Mengniu (2319): Short Term Uncertainty
China Mengniu Dairy Co (2319 HK)submitted a bid to buy Bellamy's Australia (BAL AU) to increase its participation in the infant milk formula market...
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