In today’s briefing:
- Deewin Tianxia IPO – Losing Market Share in a Fragmented Market, Coupled with Pricey Valuation
- ACCO: Previewing Retail Impact
Deewin Tianxia IPO – Losing Market Share in a Fragmented Market, Coupled with Pricey Valuation
- Deewin Tianxia (2418 HK) is looking to raise up to US$147m in its Hong Kong IPO.
- Deewin Tianxia (DT) is a service provider in the commercial automobile service industry in China.
- Listing sentiment hasn’t been the greatest as of late and the tepid cornerstone list doesn’t help.
ACCO: Previewing Retail Impact
- ACCO has no exposure to the apparel overstocked inventory at retailers this year. ACCO manufactures supplies for schools and offices
- ACCO’s back to school sell-in season began before retailers were worried about consumer spending. Orders were received earlier than usual to compensate for longer supply chain issues
- There is the risk of retailers facing a decline in consumer spending due to inflationary pressures on consumer staples. This risk could cause retailers to become cautious to inventory stocking,
Before it’s here, it’s on Smartkarma
