Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Equity Capital Markets

Datang Environment / Equity Capital Markets

In our <a href="https://www.smartkarma.com/insights/datang-environment-pre-ipo-part-1-dilemma-of-dependence-and-competitiveness" target="_blank">Datang Environment IPO Preview (Part 1)</a>, we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to its: 1) concession business in the long run,2) engineering business peaking, and3) reliance on related parties.In this insight, we will dig into the background of the concession business, illustrate the challenges faced by concession operators, compare DEI with listed peers and finally add our thoughts on valuation. <h2>A brief background of the</h2>…

In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to its: 1) concession business in the long run,2) engineering business peaking, and3) reliance on related parties.In this insight, we will dig into the background of the concession business, illustrate the challenges faced by concession operators, compare DEI with listed peers and finally add our thoughts on valuation. A brief background of the…

Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator

After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I will look at its operations and the industry. In this part 1 insight, I will look at its operations and the industry by trying to answer the following questions:<ul><li>What does it do exactly in each segment? How competitive are its various business line?</li><li>Where will its growth come from?</li><li>How does the industry perform? What are the head winds?</li><li>What are the policies and regulations and how will that affect its business? </li></ul>

After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I will look at its operations and the industry. In this part 1 insight, I will look at its operations and the industry by trying to answer the following questions:What does it do exactly in each segment? How competitive are its various business line?Where will its growth come from?How does the industry perform? What are the head winds?What are the policies and regulations and how will that affect its business?  

Datang Environment IPO Preview (Part 1): Dilemma of Dependence and Competitiveness

China

Datang Environment Industry Group Co., Ltd. provides environmental protection and energy conservation services. The Company offers its solutions to the the coal-fire power generation industry to help reduce the emission of pollutants and facilitate in meeting national standards in China.

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Datang Environment (1272 HK)

Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator

In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to...

Ke Yan, CFA, FRM

Datang Environment IPO Preview (Part 1): Dilemma of Dependence and Competitiveness

After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)