In today’s briefing:
- Weekly Deals Digest (25 Jun) – Alibaba, JSR, Shinsei, Arcland, InvoCare, J&T Global, Amman Mineral
- Pre-IPO Deshengtang Pharmaceutical – Benign Development Momentum, but Still Face Some Risks
Weekly Deals Digest (25 Jun) – Alibaba, JSR, Shinsei, Arcland, InvoCare, J&T Global, Amman Mineral
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments – Alibaba (ADR) (BABA US)‘s Cainiao & Cloud Intelligence Group, J&T Global Express (1936374D CH), Amman Mineral Internasional (1416286D IJ), Tata Technologies (TATATECH IN) IPOs.
- Event-Driven developments – Invocare Ltd (IVC AU), Arcland Service (3085 JP), JSR Corp (4185 JP), SBI Shinsei Bank (8303 JP), Amara Holdings (AMA SP), Yashili International Holdings (1230 HK).
Pre-IPO Deshengtang Pharmaceutical – Benign Development Momentum, but Still Face Some Risks
- Due to COVID-19, the consumption pattern of customers has changed.The rapid development period of pharmacies is coming to an end and the industry has entered a new era of integration.
- The essence of Deshengtang’s business model is more like traditional retail offline pharmacies, relying heavily on selling drugs. The Company’s healthy gross margin gives hope for an early turnaround.
- However, no matter from which field to seek expansion, Deshengtang would encounter strong competitors.It remains to see if Deshengtang can survive in the industry rather than be acquired by competitors.
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