ECM Weekly (25th Mar 2024) - TCS, Akeso, Coforge, ABSL, Tokio Marine, Trial, Migao, Mixue, Reddit
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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MIXUE Pre-IPO - Initial Thoughts on Valuation
Mixue Group is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we provide our earnings estimates and initial thoughts on...
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PDD (PDD): 4Q23, Time for Low Price Goods, Revenue up by 123% YoY
Both advertising and commission revenues grew dramatically in 4Q23. Chinese consumers are seeking low price goods. PDD’s overseas brand, TEMU, is...
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[Blue Lotus Daily - TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN
has reached a new high in download rankings, ZTO/1519 HK/BABA/PDD saw a 21% yoy growth in parcel volume, and AliExpress is offering subsidies to...
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Currys Lifts Profit Outlook After Suitors Walk Away
Neither Elliot nor JD.com intend to pursue Currys PLC at this stage and thus won't be able to present an offer for the next six months. Meanwhile...
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