ECM Weekly (8 November 2020) - Ant, Sunac Svcs, Jinke Svcs, Antengene, Gland Pharma, Kalyan Jewel
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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Sunac Services (融创服务) IPO - Better Towards the Low-End
Overall, as mentioned in our previous note, SSH needed to come at a more reasonable valuation which we think they did, at the low-end.
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Jinke Smart Services IPO Initiation: Street Smart
Jinke has launched a Hong Kong IPO to raise net proceeds of HK$5,738.1 million ($740 million) at the mid-point of the IPO price range. On a...
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Sunac Services (融创服务) Pre-IPO - Thoughts on Valuation
SSH is the property management arm of Sunac China. Valuation isn't cheap if we assume US$5bn market cap. But even at US$4bn, it will just be in...
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ECM Weekly (1 November 2020) - Ant Group, Sunac Services, New Oriental HK, Bio-Thera
This week, much of the focus is on Ant whereas HK had a disappoint start with the poor debut of KWG Living and Shimao Services. On the other hand,...
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