Nayuki Holdings IPO: Valuation Insights
We are inclined to participate at the low end of the IPO price range due to the decent upside compared to our base-case DCF valuation of HK$19.49...
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Nayuki Holdings IPO: Valuation First-Look
Nayuki is pre-marketing an HKEx IPO to raise up to $500 million, according to press reports. In this note, we take the first look at Nayuki's...
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China ADRs - A New Act Aims to Put an End to China ADR IPOs
On 27th May 2021, U.S. Senators Marco Rubio and Bob Casey introduced the No IPOs for Unaccountable Actors Act, which aims to prohibit IPO on U.S....
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Yum China (YUMC and 9987.HK): Pizza Hut Recovered Faster than Market Expectation
The biggest earning surprise is that Pizza Hut is starting to fully reap the benefits of multiple years of revitalization efforts. We raise TP for...
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Exit the Dragon – the Mass Exodus of US Listed Chinese Companies
Is US-China financial decoupling affecting the US stock market? What's the future of US listed Chinese companies l? How can investors in China...
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