ECM Weekly (20th Mar 2022) - JD.com, Tencent, Prosus, GoTo, Ferretti, Green Tea, Recbio, Abacus
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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GoTo Gojek Tokopedia IPO: Valuation Insights
Our valuation analysis suggests that the price range is aggressive and unattractive. We would give the IPO a pass. Books will close on 21 March....
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Meituan (3690 HK) 182 Rejection Level and Draw Down Buy Support
Meituan met the 104 macro buy support and short covering spike. 180 resistance to cap for a give back to let the dust settle and set up a fresh long.
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Meituan (3690 HK): Authorities Turned Friendly to Internet Companies, Upgrade to Buy
Central Financial Working Committee turned friendly to Internet Companies. We believe Meituan will be free from the pressure of anti-monopoly...
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GoTo Gojek Tokopedia IPO Initiation: Island Shopping
GoTo is seeking to raise up to $1.3 billion. In an environment where growth-at-all costs tech firms and peers have materially sold-off and are out...
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