Firstly, analyst Juliana Cai is upbeat on Yihai Kerry Arawana’s (YKA) IPO and its issue price of CNY25.7, which implies a FY19 P/E of 31.1 times and a CNY139 billion ($27.8 billion) market capitalisation.
RHB Group Research is reiterating its “buy” call on Wilmar International with a target price of $5.45, as its outlook seems positive.
See also: Wilmar subsidiary to IPO at issue price of $5.16; expects to raise $2.79 bil
