HKEx (388.HK): A Blockbuster Year 2020; Becoming Regional Leader in Years Ahead; Raise TP to HK$500
We maintain our sanguine view on trading activities and IPO pipeline in Hong Kong market in 2021and raise HKEx TP HKD 500.
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Man Wah Placement - Riding High on Planned Store Expansion
Man Wah Holdings (1999 HK) plans to raise around US$260m to expand manufacturing facilities in China and open new stores. The stock has nearly...
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Covid-19/ Economy/ Group Buying/ IPOs
In my weekly digest, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and...
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Blue Moon IPO: Trading Debut
Blue Moon priced its IPO at HK$13.16 and opened 14% higher at HK$15.00 in the grey market. Our DCF sensitivity analysis shows that the IPO price...
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Blue Moon Group IPO Trading - Too Expensive for Our Liking but Retail Traders Seem to Like It
Blue Moon Group Holdings (BMG HK) (BMG) raised around US$1.4bn in its Hong Kong listing. The company is backed by Hillhouse who first invested in...
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