SCE Commercial Management (中骏商管服务) IPO - Still Reliant on China SCE, Exposed to Lower Tier Cities

Yuexiu Services (越秀服务) IPO - Interesting but Not Outstanding

Central China Management (中原建业) IPO - Concentrated Exposure

APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

SCE Intelligent Commercial Management / Equity Capital Markets

SCE Intelligent Commercial Management (606 HK)

<div>
<p><a href="https://www.smartkarma.com/entities/sce-intelligent-commercial-management" target="_blank" data-smartkarma-citation="entities:33500:1" rel="noopener">SCE Intelligent Commercial Management (606 HK)</a> (SIM) raised US$238m at HK$3.70 per share, the bottom-end of its IPO price range.</p>
</div>
<div>
<p>SCE Intelligent Management (SIM) is a comprehensive property management service provider that manages commercial and residential properties in China. SIM’s contracted property management portfolio spans across 54 cities, 18 provinces, municipalities and autonomous regions in China. Properties under management include residential properties and commercial properties such as shopping malls and office buildings.</p>
<div>
<p>In this note, we will discuss deal dynamics and update valuation. </p>
</div>
<div>
<p>We covered the IPO earlier in:</p>
<ul>
<li>
<a href="https://www.smartkarma.com/insights/sce-commercial-management-ipo-still-reliant-on-china-sce-exposed-to-lower-tier-cities" target="_blank" data-smartkarma-citation="insights:53386" rel="noopener">SCE Commercial Management (中骏商管服务) IPO - Still Reliant on China SCE, Exposed to Lower Tier Cities</a> </li>
</ul>
</div>
</div>


SCE Intelligent Commercial Management (606 HK) (SIM) raised US$238m at HK$3.70 per share, the bottom-end of its IPO price range.


SCE Intelligent Management (SIM) is a comprehensive property management service provider that manages commercial and residential properties in China. SIM’s contracted property management portfolio spans across 54 cities, 18 provinces, municipalities and autonomous regions in China. Properties under management include residential properties and commercial properties such as shopping malls and office buildings.

In this note, we will discuss deal dynamics and update valuation. 


We covered the IPO earlier in:


SCE Commercial Management (中骏商管服务) IPO - Still Reliant on China SCE, Exposed to Lower Tier Cities 




Excellence Commercial Property & Facilities Management (6989 HK)

Excellence Commercial Property & Facilities Management

SCE Commercial Management (中骏商管服务) IPO Trading - One of the Worst HKPO Sub Rate