In today’s briefing:
- WuXi AppTec (2359.HK/603259.CH) – Behind the Plunge Is a War
- Shouhui Tech Pre-IPO Tearsheet
WuXi AppTec (2359.HK/603259.CH) – Behind the Plunge Is a War
- The approval rate of Draft Bill is very low. So, it’s more of a “strangulation” of investment sentiment. But considering the 2024 US presidential election, similar negative proposals may resurface.
- WuXi AppTec has little control over the entire situation.There’s “valuation discount” for China CXOs due to geopolitical conflicts. It’s difficult to completely rule out the possibility of “deliberate short selling”.
- If look deeper, considering “sensitive situations” at present, to some extent, we may have already been in a financial war.The goal of short selling is to pick up cheap chips.
Shouhui Tech Pre-IPO Tearsheet
- Shouhui Tech (SHOU HK) is looking to raise around US$200m in its upcoming Hong Kong IPO. The bookrunners on the deal are CICC, and Huatai International.
- Shouhui Tech (Shouhui) is an online life and health insurance intermediary service provider in China.
- According to F&S, Shouhui was the third largest online insurance intermediary in China in terms of GWPs of long-term life and health insurance in 2022, with a 7.1% market share.
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