Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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China Everbright Greentech / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/24085" target="_blank" data-smartkarma-citation="entities:24085:1">China Everbright Greentech (1257 HK)</a> plans to raise up to US$425m in its initial public offering. I had earlier written an insight (<a href="https://www.smartkarma.com/insights/china-everbright-greentech-ipo-discounting-for-biomass-energy-risks" target="_blank" data-smartkarma-citation="insights:9953">China Everbright Greentech IPO: Discounting for Biomass Energy Risks</a>) to look at fundamentals of the company and highlight risks associated with its biomass business. In this insight, I will discuss its accounting for non-cash income, change of book runners, valuation based on the pricing and score the deal on our Smartkarma ECM Framework. </p><hr><div>
<h2>Deal and framework score</h2>…</div>

China Everbright Greentech (1257 HK) plans to raise up to US$425m in its initial public offering. I had earlier written an insight (China Everbright Greentech IPO: Discounting for Biomass Energy Risks) to look at fundamentals of the company and highlight risks associated with its biomass business. In this insight, I will discuss its accounting for non-cash income, change of book runners, valuation based on the pricing and score the deal on our Smartkarma ECM Framework. 
Deal and framework score…

China Everbright Greentech IPO: Beware of GS' Pull-Out; Reminiscence of Datang Env?

<p><a href="https://www.smartkarma.com/entities/24085" target="_blank" data-smartkarma-citation="entities:24085:1">China Everbright Greentech (1412177D HK)</a>, a subsidiary of <a href="https://www.smartkarma.com/entities/15946" target="_blank" data-smartkarma-citation="entities:15946:1">China Everbright Intl Ltd (257 HK)</a>, plans to list in Hong Kong in an US$425m IPO. In this insight, we will discuss the fundamentals of the company, its growth drivers, key risks and our thoughts on valuation. The conclusion can be found at the end of my insight.</p><h2>Company background</h2><ul><li>The company (CEG) is a China-based specialty environmental protection service provider with a focus on biomass and hazardous waste treatment projects. The company…</li></ul>

China Everbright Greentech (1412177D HK), a subsidiary of China Everbright Intl Ltd (257 HK), plans to list in Hong Kong in an US$425m IPO. In this insight, we will discuss the fundamentals of the company, its growth drivers, key risks and our thoughts on valuation. The conclusion can be found at the end of my insight.Company backgroundThe company (CEG) is a China-based specialty environmental protection service provider with a focus on biomass and hazardous waste treatment projects. The company…

China Everbright Greentech IPO: Discounting for Biomass Energy Risks

China

Kaidi Ecological and Environmental Technology Co., Ltd provides environmental protection 
engineering services to major electric power plants.  The Company provides water treatment, clean 
coal combustion, and desulfurization engineering services.

Kaidi Ecological And Environmental Tech (A) (000939 CH)

Kaidi Ecological And Environmental Tech (A)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Kaidi Ecological And Environmental Tech (A) (000939 CH)

China Everbright Greentech IPO: Beware of GS' Pull-Out; Reminiscence of Datang Env?

China Everbright Greentech (1257 HK) plans to raise up to US$425m in its initial public offering. I had earlier written an insight (China...

Ke Yan, CFA, FRM

China Everbright Greentech IPO: Discounting for Biomass Energy Risks

China Everbright Greentech (1412177D HK), a subsidiary of China Everbright Intl Ltd (257 HK), plans to list in Hong Kong in an US$425m IPO. In this...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)