In this briefing:
- Memory Chips and the Elasticity Myth
- Dexin China (德信中国) Post IPO – Poor Trading Liquidity, Top Ten Placees Hold 76% of IPO Shares
1. Memory Chips and the Elasticity Myth
During recent earnings calls memory chip makers have postulated that the market will return to higher margins once price elasticity causes demand to increase. This popular myth needs to be treated with great skepticism since, as this Insight will reveal, short-term price elasticity has a negligible impact upon memory chip sales if it has any impact at all.
2. Dexin China (德信中国) Post IPO – Poor Trading Liquidity, Top Ten Placees Hold 76% of IPO Shares
Dexin China Holdings (2019 HK) raised US$189m in at HK$2.80 per share, at the mid-point of its IPO price range. We have previously covered the IPO in:
- Dexin China (德信中国) Pre-IPO – Related Party Transactions and Partial Asset Listing
- Dexin China (德信中国) IPO Review – Key Issues Remain but 9M Results Showed Strong Growth.
In this insight, we will update on the deal dynamics, implied valuation, and include a valuation sensitivity table.
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