Beauty Farm Medical and Health Industry Pre-IPO: Near-Term Operating Environment Is Not Beautiful
615 Views27 May 2022 19:14
SUMMARY
- Beauty Farm Medical and Health Industry (BFM HK), second largest body and skin care service provider in China has filed for IPO on the Hong Kong Stock Exchange.
- Large and growing addressable market, comprehensive service offering, nationwide store network, and sound financial position are the major strengths of the company.
- BFM’s operation faces uncertainties over COVID and related restrictions. This IPO is not expected to see listing gain unless general market condition and China’s economic growth outlook improve.
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Tina Banerjee
Global Healthcare Analyst
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