In today’s briefing:
- Horizon Construction Development IPO – Peer Comparison & Thoughts on Valuation
Horizon Construction Development IPO – Peer Comparison & Thoughts on Valuation
- Horizon Construction Development (1887128D HK) is looking to raise US$223m in its upcoming Hong Kong IPO.
- HCD is an equipment operation service provider in China. It provides services covering the full cycle of projects.
- In our previous notes, we looked at the company’s past performance and refiled PHIP updates. In this note, we undertake a quick peer comparison and share our thoughts on valuation.
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