In today’s briefing:
- Honasa Consumer Pre-IPO – The Negatives – Ad Spending Keeping Profits Low
- Morning Views Asia: Adani Transmission, Tata Motors ADR
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.
Morning Views Asia: Adani Transmission, Tata Motors ADR
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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