China Resources Beverage is looking to raise US$1bn in its upcoming Hong Kong IPO. In this note, we talk about the not-so-positive aspects of the deal.
What is covered in the Full Insight:
Overview of China Resources Beverage IPO
Water ASP decline despite premiumisation efforts
Sales stagnation and distributor count decline
Ambiguity on brand performance
Concerns over related-party dealings
SUMMARY
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