JF Wealth Holdings IPO - Can Get Similar Exposure at Cheaper Valuations
JF Wealth Holdings (9636 HK) is looking to raise US$143m in its Hong Kong IPO. In this note, we discuss our earnings estimates, and thoughts on...
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Kingston Financial (1031 HK) Scheme: That Is a Pass
The last trading is on 10 February. At the last close and for the 3 March payment, the gross and annualised spread to the offer is 3.4% and 69.3%,...
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Kingston Financial’s (1031 HK) Vote on 9 February
A modest offer and peer re-rating increase the headcount test risk. It could be a close call but the privatisation offer should have enough to...
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Sun Hung Kai & Co. – Blowing Smoke
SUN HUNG KAI & CO: SHK announced unaudited results for 4M21 of HKD 1.1 bn, which appear to be driven by low quality MTM gains from investment...
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AIA – Making The Connection
*Wealth Management Connect Pilot Approved: The People’s Bank of China (PBOC), Hong Kong Monetary Authority (HKMA), and the Monetary Authority of...
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