Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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AAB International / Equity Capital Markets

AAB International Holdings Limited (AAB) is one of the largest manufacturer of baby disposable diapers in China. AAB plans to raise US$300m through its IPO, which is slated for 2Q16, as per media reports.Our aim in this insight is to take an early look at some of the factors that could impact the deal.The company enjoys strong tailwinds from the change in one child policy. However, the track record leaves a lot to be desired. While the company's efforts to move towards the premium segment remain in early stages.

AAB International Holdings Limited (AAB) is one of the largest manufacturer of baby disposable diapers in China. AAB plans to raise US$300m through its IPO, which is slated for 2Q16, as per media reports.Our aim in this insight is to take an early look at some of the factors that could impact the deal.The company enjoys strong tailwinds from the change in one child policy. However, the track record leaves a lot to be desired. While the company's efforts to move towards the premium segment remain in early stages. 

AAB International Pre-IPO Review - Stuck with a Dirty Diaper

Goodbaby China Holdings / Equity Capital Markets

Goodbaby China Holdings plans to raise upto US$160m through an issuance of primary shares. The company's sister firm Goodbaby International (1086 HK) provides exposure to sales in China, along with other markets as well. We spoke to Goodbaby International to understand delineation of the business between the two firms. The scales appear to be tilted firmly in favour of Goodbaby International, while valuations for the two firms appear similar. In addition, the deal scores a negative score on our framework as valuation looks fair at best and operational outlook doesn't appear too rosy.

Goodbaby China Holdings plans to raise upto US$160m through an issuance of primary shares. The company's sister firm Goodbaby International (1086 HK) provides exposure to sales in China, along with other markets as well. We spoke to Goodbaby International to understand delineation of the business between the two firms. The scales appear to be tilted firmly in favour of Goodbaby International, while valuations for the two firms appear similar. In addition, the deal scores a negative score on our framework as valuation looks fair at best and operational outlook doesn't appear too rosy. 

Goodbaby China IPO - International Vs China, There Is Only One Brand Owner

China

Goodbaby International Holdings Ltd. is an international durable juvenile products company.  The Company designs, researches and develops, manufactures, markets and sells strollers, children's car safety seats, cribs, bicycles and tricycles, and other durable juvenile products. Goodbaby markets its products in North America, Europe and China.

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Goodbaby International Hldg (1086 HK)

AAB International Pre-IPO Review - Stuck with a Dirty Diaper

AAB International Holdings Limited (AAB) is one of the largest manufacturer of baby disposable diapers in China. AAB plans to raise US$300m through...

Sumeet Singh

Goodbaby China IPO - International Vs China, There Is Only One Brand Owner

Goodbaby China Holdings plans to raise upto US$160m through an issuance of primary shares. The company's sister firm Goodbaby International (1086...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)