Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

CALB IPO: First Day Trading Strategy Amid Market Turmoil

Equity Capital Markets

<ul>
<li>CALB (3931 HK) is getting ready to complete its IPO in early October in Hong Kong. The IPO price range is between HK$38 and HK$51 per share.</li>
<li>Based on our valuation sensitivity analysis, our base case valuation of CALB is HK$53 per share, which is 20% higher than the mid-point of the IPO price range.</li>
<li>CALB has a rare combination of surging sales growth rate, operating profitability, and increasing market share in the EV battery market globally.</li>
</ul>


CALB (3931 HK) is getting ready to complete its IPO in early October in Hong Kong. The IPO price range is between HK$38 and HK$51 per share.
Based on our valuation sensitivity analysis, our base case valuation of CALB is HK$53 per share, which is 20% higher than the mid-point of the IPO price range.
CALB has a rare combination of surging sales growth rate, operating profitability, and increasing market share in the EV battery market globally.


CALB Group

CALB IPO Valuation Analysis