IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

14 years of experience in global investment research and trading. In relation to research, we focus on IPO, Event-driven and large-cap non-consensual ideas. In relation to trading, we focus on generating positive index-adjusted returns and have had several top-decile or top-quartile performances over the past three years. In terms of background, I have worked at several sell-side firms (JP, Redburn, Haitong, Mainfirst), won Starmine as top stock picker in European Food Retail in 2015 and have been voted top one to top-five by institutions and hedge funds.

IPO and L/S equity, 2015 Starmine top stock picker

Yum China Secondary Listing: HK-ADS Premium/(Discount) Views

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Yum China Secondary Listing: Do the Fundamentals Stack Up?

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Uncompromised, Independent, Conflict-Free Research

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

Yum China Holdings  / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/yum-china-holdings-inc" target="_blank" data-smartkarma-citation="entities:23677:1" rel="noopener">Yum China Holdings, Inc (YUMC US)</a> is expected to open books today in Hong Kong in order to raise an estimated 2.5bn USD through its secondary listing. Ahead of the book opening, we assess the Yum China investment case by looking at a post-money DCF valuation, relative valuation, a terminal margin comparison, as well as assess consensus forecasts and current trading for the business. More details below.</p>

Yum China Holdings, Inc (YUMC US) is expected to open books today in Hong Kong in order to raise an estimated 2.5bn USD through its secondary listing. Ahead of the book opening, we assess the Yum China investment case by looking at a post-money DCF valuation, relative valuation, a terminal margin comparison, as well as assess consensus forecasts and current trading for the business. More details below.

Yum China Secondary Listing: Do the Fundamentals Stack up Post 2Q20 Earnings?