IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/propertyguru-pte-ltd" target="_blank" data-smartkarma-citation="entities:28149:1" rel="noopener">PropertyGuru Pte Ltd (0543185D SP)</a> is an online property classifieds marketplace with presence in five countries across South East Asia – Singapore, Vietnam, Malaysia, Thailand and Indonesia. PropertyGuru launched an ASX IPO on Monday with an indicative price range of A$3.70-4.50 per CDI.<div class="content-highlight">PropertyGuru aims to mesmerise investors with the pitch of a high-growth story that requires only a fraction of its addressable market to meet its forecasts. Predictably, the high-growth tag comes with a suitably high multiple. While PropertyGuru is a good company, we believe that the forecasts are based on a bull scenario, leaving little room for any setbacks.</div>

PropertyGuru Pte Ltd (0543185D SP) is an online property classifieds marketplace with presence in five countries across South East Asia – Singapore, Vietnam, Malaysia, Thailand and Indonesia. PropertyGuru launched an ASX IPO on Monday with an indicative price range of A$3.70-4.50 per CDI.PropertyGuru aims to mesmerise investors with the pitch of a high-growth story that requires only a fraction of its addressable market to meet its forecasts. Predictably, the high-growth tag comes with a suitably high multiple. While PropertyGuru is a good company, we believe that the forecasts are based on a bull scenario, leaving little room for any setbacks.

PropertyGuru IPO Initiation: Rose-Tinted Glasses Required

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

PropertyGuru plans to raise up to around US$260m via a mix of selling primary and secondary CHESS Depositary Interests (CDIs) in Australia. 
The company needs no introduction to anyone residing in property-crazed Singapore as most adults living in private residential units would have used it multiple times, if not to buy or rent then to pry on what their neighbours are paying/asking for in terms of rent/selling price!
The company is the clear market leader in Singapore, as demonstrated by its ability to pass on price increases, however, its operations outside of Singapore seem to have been driven by acquisitions and apart from Vietnam, they aren't performing nearly as well as in the little red dot.

PropertyGuru plans to raise up to around US$260m via a mix of selling primary and secondary CHESS Depositary Interests (CDIs) in Australia. 
The company needs no introduction to anyone residing in property-crazed Singapore as most adults living in private residential units would have used it multiple times, if not to buy or rent then to pry on what their neighbours are paying/asking for in terms of rent/selling price!
The company is the clear market leader in Singapore, as demonstrated by its ability to pass on price increases, however, its operations outside of Singapore seem to have been driven by acquisitions and apart from Vietnam, they aren't performing nearly as well as in the little red dot.

PropertyGuru IPO - Powered by Singapore, Recharged by Vietnam but Dragged Down by Others

Singapore

PropertyGuru Group Limited operates as a property technology company. The Company offers tools and digital property marketplaces for agents, developers and property seekers to access and manage real estate data. PropertyGuru Group serves customers worldwide.

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

PropertyGuru (PGRU US)

PropertyGuru IPO Initiation: Rose-Tinted Glasses Required

PropertyGuru Pte Ltd (0543185D SP) is an online property classifieds marketplace with presence in five countries across South East Asia –...

Arun George

PropertyGuru IPO - Powered by Singapore, Recharged by Vietnam but Dragged Down by Others

PropertyGuru plans to raise up to around US$260m via a mix of selling primary and secondary CHESS Depositary Interests (CDIs) in Australia. The...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)