Report
EUR 88.49
For Business Accounts Only
The company has recorded stupendous growth in its portfolio and earnings over the past few years. However, that growth hasn’t generated much cash flow and gearing has continued to rise.
In addition, the company seems to have a whole host of related party dealings. Moreover, despite all of these issues, the deal isn’t really coming at much of a discount to the depressed sector valuations.
Sinic Holdings IPO - Heady growth but with enough issues to make a warning manual
Sinic Holdings plans to raise up to US$287m in its Hong Kong IPO. As per C&W, the company ranked first in terms of contracted sales in Jiangxi Province. As of Jul 2019, the company had 110 projects at different stages of development across 11 provinces and 27 cities across China.The company has recorded stupendous growth in its portfolio and earnings over the past few years. However, that growth hasn’t generated much cash flow and gearing has continued to rise.
In addition, the company seems to have a whole host of related party dealings. Moreover, despite all of these issues, the deal isn’t really coming at much of a discount to the depressed sector valuations.
Provider
Aequitas Research
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Sumeet Singh
Other Reports from Aequitas Research
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.