In today’s briefing:
- Farm Fresh IPO Lock-Up – Stock Price Has Held Up, but Recent Momentum Isn’t the Greatest
- Golfzon Commerce IPO Preview
- Onewo Space-Tech IPO (Part II): Margins to Remain Under Pressure in the Near-Term
Farm Fresh IPO Lock-Up – Stock Price Has Held Up, but Recent Momentum Isn’t the Greatest
- Farm Fresh Berhad (FF MY) was listed on the Bursa Malaysia Exchange on 22nd March, 2022.
- Farm Fresh Berhad is a dairy group that covers the entire value chain, from farming and manufacturing to distributing its various dairy products and plant-based products.
- Both management and Agrifood Resources (Khazanah), which had sold earlier, will come off lockup soon.
Golfzon Commerce IPO Preview
- Golfzon Commerce is getting ready to complete its IPO in Korea in October. The total offering amount is from 80.2 billion won to 99.8 billion won.
- The expected market cap of the IPO is from 323 billion won to 336 billion won. The book building for the institutional investors starts on 11 October.
- Golfzon Commerce operates Golfzon Market (a leading golf shop chain in Korea) and Golping (golf related e-commerce site).
Onewo Space-Tech IPO (Part II): Margins to Remain Under Pressure in the Near-Term
- Onewo Space-Tech (ONEWO HK) is a leading property management service provider in China looking to raise US$2bn through an IPO on the HKEx.
- This is the Second of a series of reports on Onewo IPO and we will be discussing the company’s Commercial and Urban Space services and AIoT and BPaaS solution segments.
- We expect Onewo’s margins to remain under pressure in the medium-term as the company focuses on customer acquisition which would likely impact margins in the near-term.
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