Investors afoot at the Circle K

The retail arm of the Li & Fung Group is tempting investors with an IPO that is priced to go.

Investors are watching with interest the ongoing IPO of Li Fung subsidiary Convenience Retail Asia, which operates the Hong Kong convenience store chain, Circle K. The offering, on Hong Kong's growth enterprise market GEM, looks to be a bargain, according to BNP Paribas Peregrine BNP director Darius Yuen. The offer price range of between HK$1.05 $0.13 and HK$1.15, representing a price-earnings PE ratio of 13.09 to 14.13, is cheap compared...

To continue reading, please login or register for free

Click for more on: investors | afoot | circle

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...