Daily BriefsECM

Daily Brief ECM: Country Style Cooking Restaurant Chain Pre-IPO – The Positives – A Second Attempt at Profitability and more

In today’s briefing:

  • Country Style Cooking Restaurant Chain Pre-IPO – The Positives – A Second Attempt at Profitability
  • Jenscare (健世科技) IPO Trading: Weak Demand and Share Concentration

Country Style Cooking Restaurant Chain Pre-IPO – The Positives – A Second Attempt at Profitability

By Ethan Aw

  • Country Style Cooking Restaurant Chain (1985552D HK) is looking to raise about US$200m in its upcoming Hong Kong IPO.
  • Country Style Cooking Restaurant Chain (CSCRC) is a Chinese quick service restaurant (QSR) chain situated in China. It operates two brands, namely: CSC and Rice Space, which are all self-operated. 
  • In this note, we talk about the positive aspects of the deal. 

Jenscare (健世科技) IPO Trading: Weak Demand and Share Concentration

By Ke Yan, CFA, FRM

  • Jenscare raised HKD 154.8m (USD 28m) from its global offering and will list on the Hong Kong Stock Exchange on Monday, October 10th.
  • In the previous note, we looked at the company’s business lines of medical devices for structural heart disease. We are of the view that the company’s valuation is unjustifiably rich.
  • In this note, we provide an update for the IPO before trading debut.

💡 Before it’s here, it’s on Smartkarma

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