Sunac Services IPO: PHIP Data Points
The PHIP discloses the 1H20 results which include New Century, along with a few post-period data points. The PHIP data points support our view that...
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Shimao Services IPO: Valuation Insights
At the proposed IPO price range of HK$14.80-17.20 per share, Shimao will have a market cap of $4.5-5.2 billion. Our valuation analysis suggests...
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KWG Living Group IPO: Valuation Insights
At the mid-point of the IPO price range, KWG will raise net proceeds of $356 million. Overall, we think that the valuation implied by the IPO price...
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Smartkarma Originals
China Property Management - Sector Deep Dive and Evaluation Framework
The China Property Management Sector is loved by investors for several reasons. The common thesis for investing in this space is : Visible and...
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Central China New Life (建业新生活) IPO - More than Just a Property Management Service Provider
Central China New Life (9983 HK) is looking to raise up to US$279m in its IPO. We have covered the company previously in:Central China New Life...
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