Giant Biogene IPO: Valuation First Look
Giant Biogene will launch its US$500 million HKEx IPO this week. In this note, we present our forecasts and take the first look at its potential...
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Shiseido: China Exposure, Potential Earnings Misses and Write-Offs Create Additional Downside Risk
We think that there’s still considerable downside risk to Shiseido in the short term, especially with the company’s exposure to the worsening China...
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Giant Biogene Pre-IPO - Thoughts on Valuation
Giant Biogene Holding (GBH HK) aims to raise around US$500m in its Hong Kong IPO. In this note, we talk about valuations.
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Japanese Cosmetics: Trading Around Q3 Earnings
The latest rally in Japanese cosmetics, driven by improving domestic market conditions has strangely avoided two of the big names in the market,...
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Shiseido: Drunk Elephant Seems an $845m Write-Off
The #barewithus🐘 movement, rarely gets any new selfies posted and the Drunk Elephant Instagram page follower growth is now around less than 1/4th...
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