In today’s briefing:
- China United Lines Pre-IPO – Profitable and Growing Rapidly, However Market Is Concentrated
China United Lines Pre-IPO – Profitable and Growing Rapidly, However Market Is Concentrated
- China United Lines (CUL HK) is looking to raise around US$300m in its upcoming Hong Kong IPO.
- China United Lines (CUL) is a container shipping company in China. CUL has grown rapidly and its large proportion of vessels being chartered-in, has allowed it to scale its capacity.
- Shipping volume growth was accompanied by topline growth, and margins have been on the uptrend. However, the firm is only a small player in a concentrated market.
Before it’s here, it’s on Smartkarma
