APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/3474" target="_blank" data-smartkarma-citation="entities:3474:1">Yuzhou Properties Co (1628 HK)</a> is raising approximately US$205m through the issuance of 300m shares and an upsize option of another 50m share.</p><p>The deal scores well on our framework owing to its strong earnings and price momentum.  The company's recent 1Q2017 results have beaten consensus estimates with core profit up 40% YoY. The placement should not come at a big surprise since it was brought up by the company during an NDR not long ago. While leverage is higher than listed property peers, the…</p>

Yuzhou Properties Co (1628 HK) is raising approximately US$205m through the issuance of 300m shares and an upsize option of another 50m share.The deal scores well on our framework owing to its strong earnings and price momentum.  The company's recent 1Q2017 results have beaten consensus estimates with core profit up 40% YoY. The placement should not come at a big surprise since it was brought up by the company during an NDR not long ago. While leverage is higher than listed property peers, the…

Yuzhou Properties Placement - Equity Raise Should Not Be a Surprise

Yuzhou Group

Yuzhou Properties Placement - Equity Raise Should Not Be a Surprise