IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/nongfu-spring" target="_blank" data-smartkarma-citation="entities:28955:1" rel="noopener">Nongfu Spring (NON HK)</a> is a leader in the packaged drinking water and beverage business in China. Nongfu had the leading market share in the packaged drinking water market in China for eight consecutive years from 2012 to 2019, according to Frost &amp; Sullivan. It has filed for a Hong Kong IPO to raise $1 billion, according to press reports.</p><div class="content-highlight"><p>For investors comfortable with large pre-IPO dividends and looking past the covid-19 ravaged 1H20, Nongfu is a play on the attractive growth of the Chinese soft beverage markets, which is underpinned by the increasing urbanisation rate, the growing health awareness and consumption upgrade. Overall, we believe that Nongfu’s fundamentals offer more positives than negatives.</p></div>

Nongfu Spring (NON HK) is a leader in the packaged drinking water and beverage business in China. Nongfu had the leading market share in the packaged drinking water market in China for eight consecutive years from 2012 to 2019, according to Frost &amp; Sullivan. It has filed for a Hong Kong IPO to raise $1 billion, according to press reports.For investors comfortable with large pre-IPO dividends and looking past the covid-19 ravaged 1H20, Nongfu is a play on the attractive growth of the Chinese soft beverage markets, which is underpinned by the increasing urbanisation rate, the growing health awareness and consumption upgrade. Overall, we believe that Nongfu’s fundamentals offer more positives than negatives.

Nongfu Spring IPO Initiation: Still or Sparkling?

China

Nongfu Spring Co. Ltd. supplies soft drinks. The Company develops, produces, and sells bottled mineral water, fruit juice, sports drinks, and tea drinks. Nongfu Spring also offers barreled mineral water door-to-door services.

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Nongfu Spring (9633 HK)

Nongfu Spring IPO Initiation: Still or Sparkling?

Nongfu Spring (NON HK) is a leader in the packaged drinking water and beverage business in China. Nongfu had the leading market share in the...

Arun George

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52-week Range

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