CTG Duty Free H Share Listing: Valuation Insights
Our valuation analysis suggests that the A Shares are trading close to fair value and the H Share valuation is unattractive compared to peers. We...
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China Tourism Group A/H Listing - Discount Is Enticing at the Low-End
China Tourism Group Duty Free Corporation Limited (CDF) aims to raise around US$2.5bn in its H-share listing in Hong Kong. In this note, we talk...
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Past A/H Listings Performance - Most of the Deals Haven’t Done Much
China Tourism is gearing up to launch Hong Kong’s largest listing so far this year, with a reported deal size of around US$2-3bn. Ahead of its...
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CX Daily: Five Things to Know About China’s Scandal-Struck Chip Industry ‘Big Fund’
Five things to know about China’s scandal-struck chip industry ‘big fund’. Force remains ‘last resort’ for reunifying Taiwan, Beijing white paper says
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CTG Duty Free H Share Listing: Another False Dawn?
We are inclined to avoid the H Share listing as with a renewed lockdown in a key summer travel region, CTGDF has had one too many false dawns of...
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