In today’s briefing:
- Pre-IPO Shouhui Tech – The Business Outlook and Stock Price Performance Are Not Optimistic
- Guming Holdings (Goodme) Pre-IPO – The Negatives – Growth Sustainability Remains a Question Mark
Pre-IPO Shouhui Tech – The Business Outlook and Stock Price Performance Are Not Optimistic
- The essence of Shouhui’s business model is to “sell insurance” rather than provide services with technological attributes. So, Shouhui has relatively single business composition and lacks diversified sources of revenue.
- The trend of “disintermediation” is becoming increasingly evident, which may lead to customers deciding to purchase insurance directly from insurance companies not from Shouhui, resulting declining demand for Shouhui’s services/products.
- The business nature of insurance is incompatible with the Internet’s pursuit of rapid expansion. Cooling “Internet +insurance” investment in recent years proves the decline of market’s enthusiasm for this business.
Guming Holdings (Goodme) Pre-IPO – The Negatives – Growth Sustainability Remains a Question Mark
- Guming Holdings (GUM HK) (Guming) is looking to raise US$300m in its upcoming Hong Kong IPO.
- Guming Holdings (Guming) is a maker of freshly-made beverages in China.
- In this note, we will talk about the not so positive aspects of the deal.
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