Ganglong China Property IPO - Rapid Earnings Growth Has Been Putting Balance Sheet Under Stress

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

Shinsun Holdings / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/shinsun-holdings" target="_blank" data-smartkarma-citation="entities:29716:1" rel="noopener">Shinsun Holdings (2599 HK)</a>  (SSH) is looking to raise up to US$480m in its Hong Kong IPO.SSH is a real estate developer in China with a focus on residential properties. It has a strong presence in Zhejiang Province, having started there about 25 years ago. The company has since then expanded into select regions in China, mainly the Pan-Yangtze River Delta Region.In this note, we will look at company background, financials, assumptions, and share our thoughts on valuation.

Shinsun Holdings (2599 HK)  (SSH) is looking to raise up to US$480m in its Hong Kong IPO.SSH is a real estate developer in China with a focus on residential properties. It has a strong presence in Zhejiang Province, having started there about 25 years ago. The company has since then expanded into select regions in China, mainly the Pan-Yangtze River Delta Region.In this note, we will look at company background, financials, assumptions, and share our thoughts on valuation.

Shinsun Holdings (祥生控股) IPO - High Leverage Likely to Limit Growth