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: KWG Living-Like Valuation; Parent Trading Rich
Shimao Property's trades at a significant premium to the implied P/B for property developers, net of their management services investment holding.
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Sunac Services (融创服务) Pre-IPO - Peer Comparison and PHIP Updates
SSH is the property management arm of Sunac China. SSH has a total contracted GFA of 226.8m sqm which covers 126 cities across 29 provinces,...
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ECM Weekly (25 October 2020) - Ant Group, Lufax, JW Thera, Shimao Svcs, GDS Secondary, Nanofilm
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs. This week...
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KWG Living Group IPO Initiation: Urban Living
KWG offers not only property mgmt service for residential and commercial properties, but also commercial operational service. Overall, KWG’s...
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