BREXIT Risk Not Priced In - Watch for Volatility and Weakness - Look to SARS 2003 for Parallels
The risk of Britain crashing out of the European Union (EU) is very real and not currently priced in to markets. The idea that the world’s fifth...
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Fosun Tourism IPO, Part 2: Valuation Reasonable, But Story Remains Unexciting
In our first note on Fosun Tourism (1638664D HK)'s planned Hong Kong IPO from a few months ago, we concluded that the resort developer-operator...
456 Views
Fosun Tourism IPO - Fair Value Is Probably Below Low-End
Fosun Tourism (1638664D HK) (FT) plans to raise around US$550m in its IPO. I have covered most aspects of the deal in my earlier insights: Fosun...
538 Views
Fosun Tourism Pre-IPO - No Improvement or Major Changes in Club Med Since the Acquisition
Fosun Tourism (1638664D HK) plans to raise up to US$700m in its Hong Kong listing, as per media reports. The company is essentially Club Med, which...
581 Views