Smartkarma: ECM Coverage Weekly Update (22 April 2017)
The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs.Accuracy Rate:Our...
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Fufeng Group Placement: Biggest MSG Player Is Getting Bigger
Fufeng Group Ltd (546 HK) , the largest MSG (Monosodium glutamate) producer in China, is raising US$100m to fund its capacity expansion. In this...
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FY14 result below expectation, but structural story remains intact
Fufeng’s FY14 result was weaker than market high expectation. Its net profit rose 24% YoY to Rmb626m on the back of margin expansion amid flattish...
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Structural uptrend after years of consolidation
Fufeng is a leading Chinese manufacturer of corn-base biochemical products (e.g. MSG). MSG is widely used in the restaurant and catering industry....
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