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

Mr D.I.Y. Group IPO Initiation: Bare Necessities

Central Retail Corp IPO: Valuation Palatable at the Low-End

Central Retail Corp IPO Initiation: Trouble at Till

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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/mr-d-i-y-group" target="_blank" data-smartkarma-citation="entities:28430:1" rel="noopener">MR D.I.Y. Group (MRDIY MK)</a> is the largest home improvement retailer in Malaysia, with a revenue market share of 29.1% in 2019, according to Frost &amp; Sullivan. Mr DIY has launched the roadshow for its long-awaited IPO to raise RM1.5 billion ($360 million). The institutional bookbuilding will run from 6 to 14 October. Pricing is set for 14 October with listing targeted for 26 October.   </p><div class="content-highlight"><p>In <a href="https://www.smartkarma.com/insights/mr-d-i-y-group-ipo-initiation-bare-necessities" target="_blank" rel="noopener">our initiation note</a>, we stated that with enviable exposure to the underpenetrated home improvement retail sector in Malaysia, Mr DIY seems to have a reasonable runway to maintain its high growth, high returns equity story. Mr DIY's latest prospectus details its 2019 and 1H20 results. Overall, with a commendable performance during the COVID-19 outbreak, we continue to believe that Mr DIY’s fundamentals offer more positives than negatives.</p></div>

MR D.I.Y. Group (MRDIY MK) is the largest home improvement retailer in Malaysia, with a revenue market share of 29.1% in 2019, according to Frost &amp; Sullivan. Mr DIY has launched the roadshow for its long-awaited IPO to raise RM1.5 billion ($360 million). The institutional bookbuilding will run from 6 to 14 October. Pricing is set for 14 October with listing targeted for 26 October.   In our initiation note, we stated that with enviable exposure to the underpenetrated home improvement retail sector in Malaysia, Mr DIY seems to have a reasonable runway to maintain its high growth, high returns equity story. Mr DIY's latest prospectus details its 2019 and 1H20 results. Overall, with a commendable performance during the COVID-19 outbreak, we continue to believe that Mr DIY’s fundamentals offer more positives than negatives.

MR DIY Group M

Mr D.I.Y. Group IPO: Make Your Own