Abstract: Desay SV is seeking to raise at least USD100m through an A+H listing. MS and Huatai are the joint sponsors. We look at the company's core segments: intelligent cockpit and intelligent driving. We discussed our preliminary thoughts on the company's fair value anchored by A-H premium.
BYD, HUIZHOU DESAY SV AUTOMOTIVE, GREAT WALL MOTOR, Fuyao Glass, NINGBO JOYSON ELECTRONIC, SERES, HORIZON ROBOTICS, ECARX Holdings Inc. Class A Ordinary shares, VISTEON
Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.
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