HONMA Golf - Call with CFO to Follow up on IPO, 1H2016 Results and Growth

APAC IPOs & Placements

Zhen Zhou, Toh

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<p>Honma Golf (HG) plans to raise about US$168m to pursue potential strategic acquisitions of businesses and further expand into North America and Europe. The company will also be focusing on business expansion in home markets including Japan, Korea, China, Hong Kong and Macau. </p><p>In this insight, we will look at:</p><ol><li>Company's background and history, including its bankruptcy and subsequent buy-out</li><li>Shift in its distribution model and its impact on margins</li><li>Honma's growth strategy and industry tailwind</li><li>Valuation versus peer group</li></ol>

Honma Golf (HG) plans to raise about US$168m to pursue potential strategic acquisitions of businesses and further expand into North America and Europe. The company will also be focusing on business expansion in home markets including Japan, Korea, China, Hong Kong and Macau. In this insight, we will look at:Company's background and history, including its bankruptcy and subsequent buy-outShift in its distribution model and its impact on marginsHonma's growth strategy and industry tailwindValuation versus peer group

Honma Golf IPO Review - Premium Golf Clubs at a Reasonable Price