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...
441 Views
Pre-IPO Sichuan Baicha Baidao Industrial - High Profitability and Growth May Not Be Sustainable
Facing fierce homogeneous competition in lower-tier cities, It's a question mark if Baicha Baidao would maintain its market share, revenue growth...
367 Views
Auntea Jenny (Shanghai) Industrial Pre-IPO - The Negatives - Improving Margins Playing Catch Up
Auntea Jenny (Shanghai) Industrial (AJI HK) is looking to raise around US$300m in its upcoming Hong Kong IPO. In this note, we will talk about the...
418 Views
Auntea Jenny (Shanghai) Industrial Pre-IPO - The Positives - Has Benefited from a Growing Network
Auntea Jenny (Shanghai) Industrial (AJI HK) is looking to raise around US$300m in its upcoming Hong Kong IPO. In this note, we will talk about the...
490 Views
Pre-IPO Auntea Jenny (Shanghai) Industrial - An IPO Is a Must, but Success Is Not Guaranteed
The whole industry has developed to the stage of capitalization. Auntea Jenny has to obtain more funds to keep up with the pace. But since it has...
330 Views