In today’s briefing:
- Chagee Holdings Limited (CHA): Peeking at the IPO Prospectus of China’s Premium Tea Brand
- QingSong Health Corporation – Pain Points of the Business Model and the Outlook
- Maynilad Water Services Pre-IPO – The Positives – Key Infrastructure Provider
Chagee Holdings Limited (CHA): Peeking at the IPO Prospectus of China’s Premium Tea Brand
- As of December 31, 2024, their network comprised 6,440 teahouses, including 6,284 located in China.
- Their net revenues increased by 844% to RMB4,640.2 million in 2023 from RMB491.7 million in 2022.
- We anticipate this company to set terms (share size, price range) and debut in the second half of April.
QingSong Health Corporation – Pain Points of the Business Model and the Outlook
- The business model of QingSong is a platform offering comprehensive healthcare services and tailored financial resources. By connecting different stakeholders, QingSong can monetize its user base, creating a virtuous cycle.
- Qingsong’s revenue structure has undergone significant changes. However, if Qingsong’s future business focus is on Qingsong Healthcare services, it may be difficult to generate large-scale profits in the end.
- Listed insurance intermediary platforms have been in the shadow of a decline in stock prices. So, there is concerns that future share price performance of QingSong may not be optimistic.
Maynilad Water Services Pre-IPO – The Positives – Key Infrastructure Provider
- Maynilad Water Services (MYNLD PH) (MWS) is looking to raise at least US$633m in its upcoming Philippines IPO.
- MWS is a leading global water utility player operating the largest concession by population served within a single concession area in the Philippines and Southeast Asia (SEA), as per GlobalData.
- In this note, we talk about the positive aspects of the deal.
Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
Unlock all research summaries