Green Tea Group IPO Preview
Growth prospects look decent with plans to open 75-100 new restaurants each year. However, We aren’t excited about the IPO as Green Tea's business...
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HK Short Interest: AIA, Bank of China
We highlight week on week short interest changes in AIA (1299 HK) and Bank of China (3988 HK) based on the latest HK SFC short aggregate report.
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Tam Jai International IPO Valuation
Tam Jai IPO seems to be priced at a steep discount to peers, suggesting limited downside risk to Tam Jai’s IPO price. Therefore, we remain...
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Tam Jai International IPO Trading - Peers Have Traded Down, but Upside from the Bottom End Remains
Tam Jai International (2271 HK) raised around US$134m by pricing its IPO at HKD3.33 per share, at the bottom end of the IPO price range.
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Tam Jai International IPO: First Day Trading
We expect Tam Jai to open trading at around 2.1-2.5x FY+2 revenue, suggesting an implied listing gain of 62-87% from the high end of the IPO price...
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