IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/cheerwin" target="_blank" data-smartkarma-citation="entities:31314:1" rel="noopener">Cheerwin (CHEER HK)</a> is a leading consumer household care company in China that develops and manufactures a variety of household care, personal care and pet care products. Cheerwin ranked fourth among all companies in China’s household care industry, with a market share of 6.3% in 2019 as measured by retail sale value, according to CIC. It is pre-marketing for a Hong Kong IPO to raise up to $400 million, according to press reports.</p><div class="content-highlight"><p>The well-received recent IPO of <a href="https://www.smartkarma.com/entities/blue-moon-group-holdings" target="_blank" data-smartkarma-citation="entities:29179:1" rel="noopener">Blue Moon Group Holdings (6993 HK)</a> (shares up 27% from the IPO price), suggests that investor sentiment on companies with exposure to China’s household care industry remains favourable. Cheerwin has the right ingredients to offer investors a play on another subsegment of this market. Overall, Cheerwin’s fundamentals are attractive, in our view.</p></div>

Cheerwin (CHEER HK) is a leading consumer household care company in China that develops and manufactures a variety of household care, personal care and pet care products. Cheerwin ranked fourth among all companies in China’s household care industry, with a market share of 6.3% in 2019 as measured by retail sale value, according to CIC. It is pre-marketing for a Hong Kong IPO to raise up to $400 million, according to press reports.The well-received recent IPO of Blue Moon Group Holdings (6993 HK) (shares up 27% from the IPO price), suggests that investor sentiment on companies with exposure to China’s household care industry remains favourable. Cheerwin has the right ingredients to offer investors a play on another subsegment of this market. Overall, Cheerwin’s fundamentals are attractive, in our view.

Cheerwin Group IPO Initiation: The Itch of Fate