Rept Battero's HKEx IPO application has been approved and in this insight, we discuss the latest recent data points from the company’s PHIP filing which suggests margins may not be sustainable.
Boomeranged on Tue, 12 Dec 2023 12:23
Rept Battero plans to raise US$306m through HKEx IPO. Our analysis on the company's IPO suggests that Rept Battero's financials are not attractive. The company is struggling to make profits and the company will be forced to reduce prices further given the intense competition in the market. Hence, we would stay on the sidelines.
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