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

<div><p><a href="https://www.smartkarma.com/entities/cheerwin" target="_blank" data-smartkarma-citation="entities:31314:1" rel="noopener">Cheerwin (CHEER HK)</a> is a leading consumer household care company in China that develops and manufactures a variety of household care, personal care and pet care products. It is pre-marketing for a Hong Kong IPO to raise up to $400 million, according to press reports.</p></div><div><div><div class="content-highlight"><p>In <a href="https://www.smartkarma.com/insights/cheerwin-group-ipo-initiation-the-itch-of-fate" target="_blank" data-smartkarma-citation="insights:48373" rel="noopener">Cheerwin Group IPO Initiation: The Itch of Fate</a>, we opined that Cheerwin has the right ingredients to offer investors a play on another subsegment of China’s household care industry. We concluded that Cheerwin’s fundamentals are attractive. In this note, we present our forecasts and take the first look at Cheerwin's valuation. </p></div></div></div>

Cheerwin (CHEER HK) is a leading consumer household care company in China that develops and manufactures a variety of household care, personal care and pet care products. It is pre-marketing for a Hong Kong IPO to raise up to $400 million, according to press reports.In Cheerwin Group IPO Initiation: The Itch of Fate, we opined that Cheerwin has the right ingredients to offer investors a play on another subsegment of China’s household care industry. We concluded that Cheerwin’s fundamentals are attractive. In this note, we present our forecasts and take the first look at Cheerwin's valuation. 

M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

<p>On March 29, Energizer Holdings and Spectrum Brands announced that the Federal Trade Commission allowed expiration of the waiting period under the Hart-Scott-Rodino Antitrust Act regarding Energizer’s acquisition of Spectrum Brands’ battery unit. The swift clearance was a surprise to investors and to the antitrust community, as well as to the attorneys working on the deal, sources shared with CTFN.</p>

On March 29, Energizer Holdings and Spectrum Brands announced that the Federal Trade Commission allowed expiration of the waiting period under the Hart-Scott-Rodino Antitrust Act regarding Energizer’s acquisition of Spectrum Brands’ battery unit. The swift clearance was a surprise to investors and to the antitrust community, as well as to the attorneys working on the deal, sources shared with CTFN.

How a 3-2 Merger Got Done in The Present US Antitrust Environment

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

<p>Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems with antibiotic resistance due to misuse should be taken seriously.</p>

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems with antibiotic resistance due to misuse should be taken seriously.

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Equity Bottom-Up

<p><strong>Global Company Profile of Panasonic Corporation in Consumer Appliances Market:</strong></p><div class="sk-insight-content__block"><ol><li>Strategic Evaluation</li><li>Competitive Positioning</li><li>Market Assessment</li><li><strong>Geographic and Category Opportunities</strong></li><li>Brand Strategy</li><li>Operations</li><li>Recommendations</li></ol></div>

Global Company Profile of Panasonic Corporation in Consumer Appliances Market:Strategic EvaluationCompetitive PositioningMarket AssessmentGeographic and Category OpportunitiesBrand StrategyOperationsRecommendations

Part 4: Panasonic Corp. In Consumer Appliances

<p><strong>Global Company Profile of Panasonic Corporation in Consumer Appliances Market:</strong></p><ol><li>Strategic Evaluation</li><li><strong>Competitive Positioning</strong></li><li>Market Assessment</li><li>Geographic and Category Opportunities</li><li>Brand Strategy</li><li>Operations</li><li>Recommendations</li></ol>

Part 2: Panasonic Corp. In Consumer Appliances

United States

Energizer Holdings, Inc. manufactures dry cell batteries and flashlights. The Company offers a full line of products, including alkaline, carbon zinc, miniature, and rechargeable batteries, as well as lighting products. Energizer also manufactures and markets a range of razor and shave related products on a global basis.

Central Garden & Pet Company supplies consumer lawn and garden and pet supply products.  The Company's products are sold under brand names such as Pennington Seed, Zodiac, Four Paws, Island, and Grant's.  Central also offers value-added services, including inventory management, advertising and promotional programs, in-store service, and sales program development.

WD-40 Company manufactures and markets multi-purpose lubricant products and heavy-duty hand cleaners.  The Company's WD-40 acts as a lubricant, rust preventative, penetrant, cleaner, and moisture displacer.  WD-40's 3-IN-ONE Oil is a drip oil lubricant that allows precise application. The Company also manufactures Lava heavy-duty hand cleaner and other household cleaning products.

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products.  The Company's products, consisting primarily of cat litter, are used in the consumer, fluids purification, agricultural, industrial and automotive markets.  They are sold through the grocery products industry, mass merchandisers, warehouse clubs, and pet specialty retail outlets.

Edgewell Personal Care Co., manufactures and markets a diversified range of personal care  products in the wet shave, skin care, feminine care and infant care categories.  The Companies products include shaving systems and disposable razors, feminine care products, sun care products, infant feeding, gloves and moist wipes.

Herbalife Ltd. is a global nutrition company that sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products. The Company distributes and sells its products through a network of independent distributors, using the direct selling channel.

USANA Health Sciences, Inc. develops, manufactures, and markets nutritionals, personal care, and weight management products.  The Company's products are sold directly to preferred customers and distributors throughout the United States, Canada, Australia, New Zealand, the United Kingdom, and Hong Kong.

Inter Parfums, Inc. manufactures, markets, and distributes a wide array of fragrances and fragrance related products. The Company's European-based operations produce and distribute prestige fragrance products primarily under license with brand owners. It's U.S.-based operations primarily produce and sell fragrance and personal care products under several specialty retail brands.

Nu Skin Enterprises, Inc. is a global direct selling company.  The Company distributes premium quality personal care products and nutritional supplements. Nu Skin markets its products in the Americas, Europe, and the Asia Pacific region.  The Company provides marketing and distribution of technology-based products through Big Planet, Inc.

Nature's Sunshine Products, Inc. manufactures and distributes nutritional and personal care products.  The Company's products include herbal products, vitamins, homeopathics, oils and lotions, aloe vera gel, herbal shampoo, toothpaste, and skin cleanser.  Nature's Sunshine markets its products in the United States and internationally.

Jyothy Laboratories Limited develops and manufactures household products.

Lion Corporation manufactures a variety of household products such as toothpaste and detergents. The Company also produces pharmaceuticals, chemical products, and seasonings.  Lion sells its products primarily in Asia.

Nafine Chemical Industry Group Co., Ltd. manufactures and sells a variety of chemical products.  The Company's products include laundry detergents, Glauber's salt, alkali sulfides, and fertilizers.

Duc Giang Chemicals And Detergent Powder Joint Stock Company primarily produces and sells detergents powder and liquids, and chemical raw materials and commodity chemicals in Vietnam. Its products include mono ammonium phosphate, axetone, Duc Giang detergent powder, soffy fabric softener, and yellow phosphorus. It also engages in manufacturing and trading other chemical products, such as H3PO4, pharmaceutical, purity chemicals, and engineering chemicals. The company is based in Hanoi, Vietnam.

Vinda International Holdings Limited manufactures tissue paper products in China.

PIGEON CORPORATION manufactures and sells baby care goods.  The Company also produces maternity and elder care products.

C&S Paper Company Limited researches, develops, manufactures and sells consumer tissue. The Company's main products include tissue rolls, paper handkerchiefs, boxed tissues and soft pumping paper.

Shanghai Feilo Acoustics Co Ltd primarily engages in the manufacture and distribution of lighting equipment. The Company also produces musical equipment and provides acoustics technology consulting service.

Shanghai Feilo Acoustics Co., (600651 CH)

Lonkey Industrial Co., Ltd., Guangzhou manufactures and markets detergents, soaps, and other cleaning products for household use.  The Company also manufactures sulphonic acid, glycerine, and other chemical materials for industrial use.

PZ Cussons plc is a holding company.  Through its subsidiaries, the Company manufactures soaps, detergents, toiletries, pharmaceuticals, refrigerators, and air conditioners.  PZ Cussons also sells and merchandises its products in the United Kingdom, Greece, Africa, Australia, Indonesia, and Thailand.

Spectrum Brands Holdings, Inc. is a global and diversified consumer products company and a supplier of consumer batteries, residential locksets, residential builders' hardware, faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents.

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

Spectrum Brands Holdings, Inc (SPB US)

Cheerwin Group IPO: Valuation First Look

Cheerwin is pre-marketing for an HK IPO to raise up to $400 million, according to press reports. In this note, we present our forecasts and take...

Arun George

How a 3-2 Merger Got Done in The Present US Antitrust Environment

On March 29, Energizer Holdings and Spectrum Brands announced that the Federal Trade Commission allowed expiration of the waiting period under the...

CTFN

Issues Raised by WH Group and US Pork

Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems...

Bixmoor

Part 4: Panasonic Corp. In Consumer Appliances

Global Company Profile of Panasonic Corporation in Consumer Appliances Market: Strategic Evaluation Competitive Positioning Market...

Euromonitor International Ltd.

Part 2: Panasonic Corp. In Consumer Appliances

Global Company Profile of Panasonic Corporation in Consumer Appliances Market: Strategic Evaluation Competitive Positioning Market...

Euromonitor International Ltd.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)