Author name: BonVision

We are delighted to be the title sponsor of the 10th Anniversary Celebration Cocktail Reception of The Hong Kong Independent Non-Executive Director Association (HKiNEDA)— a landmark event honoring a decade of excellence in corporate governance, leadership, and independent directorship. The event was a fantastic opportunity to connect with industry leaders, directors, and governance professionals driving […]

We’re thrilled to congratulate Soft International Group Ltd on its landmark IPO on the Hong Kong Stock Exchange! Ranked as the second-largest exporter of baby care disposable hygiene products from China to Russia by export value in 2023, Soft International Group Ltd is principally engaged in the development, manufacture, and sale of personal hygiene disposables

The grand openings of Hopewell Mall in Wan Chai and SOGO Kai Tak in Kowloon have brought renewed energy to Hong Kong’s retail scene. More than just exciting shopping destinations, these new malls reflect the evolving dynamics of the retail market and offer valuable insights into property valuations and future trends. Valuation of Shopping Malls

SF Express Holdings (6936.HK), the logistics giant from China, has chosen Hong Kong as its secondary listing market and launches an IPO on November 27, 2024. According to the prospectus, SF Express is experiencing a slowdown in performance growth amidst intensifying competition in the domestic logistics industry. The company intends to allocate a significant portion

As Hong Kong aims to establish itself as a leading tech hub in Asia, the city’s financial policies are playing a pivotal role. The introduction of Listing Rule 18C in 2023 was a significant move to cater to the IPO demands of special technology companies in five specific high-tech sectors: next-generation IT, advanced hardware and

Alimentation Couche-Tard (ACT), the Canadian parent company of Circle K, previously proposed acquiring Seven & i Holdings, the Japanese parent company of 7-Eleven, at a price of US$14.86 per share, totaling nearly US$39 billion (equivalent to HK$304.2 billion). If these two retail giants merge, it will mark the largest acquisition of a Japanese company by

Earlier this month, the CrowdStrike system corrupted update affected 8.5 million computers, marking the largest IT outrage in history. This raises the question – how can a software company trigger such a widespread “butterfly effect” on systems worldwide? The “leverage” effect stems from the “Software-as-a-Service” (SaaS) model: As a SaaS company in the cybersecurity industry,

Alibaba (BABA.US) recently issued convertible senior notes (“CN” or “CB”) for share repurchase through a private offering, totaling US$5 billion (equivalent to approximately HK$39 billion), carrying a remarkably low coupon rate of 0.5% and a maturing in 2031. Despite the low yield, the offering experienced significant oversubscription, indicating strong demand from qualified institutional investors. In

As the world grapples with environmental challenges, the real estate industry is undergoing a transformative shift towards sustainability. Recently, a leading multinational insurance company unveiled its new eco-friendly redeveloped group headquarters building in Wan Chai, setting a benchmark for green building design in the region. This development highlights a growing global trend towards sustainability, driven

Have you ever wondered why two seemingly identical companies are valued so differently in the market?  It is crucial to recognize that both magnitude and sustainability of cash flow play vital roles in determining valuation. This holds true even for valuation multiples that appear to focus more on assets, such as the price-to-book ratio (P/B).