In today’s briefing:
- Zeekr IPO Early Look – Possibly US$0 to US$7bn Revenue in Under Three Years
- Honasa Consumer Pre-IPO – The Negatives – Ad Spending Keeping Profits Low
- Fangzhou Pre-IPO – The Positives – Regulatory Changes and COVID Spurred Growth
- Fiserv Inc.: Major Drivers
- Amkor Technology Inc.: Expansion of European Supply Chain & Other Drivers
- CVS Health Corporation: Acquisitions Of Oak Street Health & Signify Health
- ZoomInfo Technologies Inc.: Major Drivers
Zeekr IPO Early Look – Possibly US$0 to US$7bn Revenue in Under Three Years
- Zeekr, a premium EV brand by Geely, aims to raise around US$1bn (estimated) in its US listing in 1H2023. GS, BofA and MS are said to be running the deal.
- Zeekr was formed in Mar 2021 as a JV between Geely and its founder. Its first model was launched in Apr 21 with deliveries starting in Oct 21.
- In this note, we take an early look at the IPO based on publicly avaiable information.
Honasa Consumer Pre-IPO – The Negatives – Ad Spending Keeping Profits Low
- Honasa Consumer (HC) is looking to raise about US$350m in its upcoming India IPO.
- HC’s product portfolio includes products in the baby care, face care, body care, hair care, color cosmetics and fragrances segments.
- In this note, we will talk about the not-so-positive aspects of the deal.
Fangzhou Pre-IPO – The Positives – Regulatory Changes and COVID Spurred Growth
- Fangzhou Group (FANGZHOU HK) is looking to raise about US$300m in its upcoming Hong Kong IPO.
- Fangzhou (FZ) is an online chronic disease management (CDM) service provider in China.
- In this note, we will talk about the positive aspects of the deal.
Fiserv Inc.: Major Drivers
- Fiserv had a decent 2022 and managed to surpass the revenue expectations of Wall Street in its last result.
- The company’s better-than-expected growth against the challenging backdrop was a result of growth in organic revenue, improvement in operating margin, and adjusted earnings per share.
- Fiserv also advanced its core banking cloud roadmap for its new and existing clients with the acquisition and integration of Finxact.
Amkor Technology Inc.: Expansion of European Supply Chain & Other Drivers
- Amkor produced a mixed set of results for the fourth-quarter with revenues of $1.9 billion that were above analyst expectations.
- Demand for premium-tier smartphones was stronger than anticipated, while the automotive and industrial markets outperformed other markets where demand was weaker.
- The demand for innovative packaging and infotainment systems helped the company was strong in the automotive and industrial sectors.
CVS Health Corporation: Acquisitions Of Oak Street Health & Signify Health
- CVS Health has been on an acquisition spree lately and has been in the news for the acquisitions of Oak Street Health and Signify Health.
- The company delivered strong financial results that exceeded the revenue expectations as well as earnings expectations of Wall Street with high single-digit top-line growth.
- CVS recently announced that it has entered into one definitive agreement to acquire the outstanding shares of Oak Street Health.
ZoomInfo Technologies Inc.: Major Drivers
- Even in the face of a challenging economic environment, Zoominfo Technologies delivered an all-around beat with strong revenue growth in the last quarter.
- Structurally, Zoominfo is a profitable company committed to driving top-line growth while efficiently growing free cash flow and expanding profitability.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
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