Shimao Services (世茂服务) IPO - Paying for Growth

Shimao Services (世茂服务) IPO Trading - Limited Upside from Here

Shimao Services (世茂服务) Placement - Bumping up Cash for Acquisitions

Shimao Services (世茂服务) Pre-IPO - Community VAS Segment Is the Star

Times Neighborhood: An Explosive Growth Option in the Property Management Space

Zhenro Services (正荣服务) - Decent Upside at the Low-End of Price Range

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 Bottom-Up

Shimao Services Holdings Limited / Equity Bottom-Up

Shimao Services Holdings Limited (873 HK)

<a href="https://www.smartkarma.com/entities/shimao-services-holdings-limited" target="_blank" data-smartkarma-citation="entities:29199:1" rel="noopener">Shimao Services Holdings (SSH HK)</a>  (SSH) is looking to raise up to US$1bn in its upcoming Hong Kong IPO. SSH is the property management unit of Shimao Group Holdings (813 HK) and was recently backed by Sequoia and Tencent. It provides property management community living services and, as of 31 December, 2019, has an aggregated GFA under management and contracted GFA of 68.2m sqm and 100.9m sqm, respectively.In this note, we will look at updated financials and its recent acquisitions.We have previously covered the IPO in:<ul><li><a href="https://www.smartkarma.com/insights/shimao-services-pre-ipo-community-vas-segment-is-the-star" target="_blank" rel="noopener">Shimao Services (世茂服务) Pre-IPO - Community VAS Segment Is the Star</a></li></ul>

Shimao Services Holdings (SSH HK)  (SSH) is looking to raise up to US$1bn in its upcoming Hong Kong IPO. SSH is the property management unit of Shimao Group Holdings (813 HK) and was recently backed by Sequoia and Tencent. It provides property management community living services and, as of 31 December, 2019, has an aggregated GFA under management and contracted GFA of 68.2m sqm and 100.9m sqm, respectively.In this note, we will look at updated financials and its recent acquisitions.We have previously covered the IPO in:Shimao Services (世茂服务) Pre-IPO - Community VAS Segment Is the Star

Shimao Services (世茂服务) Pre-IPO - PHIP Updates - Impressive 6M 2020 Results