ECM Weekly (21st May 2023) - Alibaba, Cainiao, Baba Cloud, Nexus, DXN, Growatt, Rakuten, JD Ind
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
382 Views
Dmall Pre-IPO - The Negatives - Path to Profitability Remains Murky and Related Party Sales an Issue
Dmall Inc (1751691D CH) is looking to raise around US$200m in its upcoming Hong Kong IPO. In this note, we will talk about the not so positive...
526 Views
ZTO Express Q1 Results Surprise: Despite Lower Pricing, Margins Up Y/Y | Mgmt Raises Volume Guidance
ZTO's Q1 results showed strong volume growth, but also weaker unit pricing and a lack of control over SG&A expenses. We retain our negative view on...
420 Views
Dmall Pre-IPO - The Positives - Ambitions of Aiding the Retail Digitization Journey for Retailers
Dmall Inc (1751691D CH) is looking to raise around US$200m in its upcoming Hong Kong IPO. In this note, we will talk about the positive aspects of...
299 Views
JD Industrials Pre-IPO: Pure Platform for Third Parties and Strong Support from Related Parties
JD Industrials has two advantages - JD.com’s brand and JD Logistics’s delivery network. JD Industrials also avoids the competition with its clients...
346 Views