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IPO Chilli Ratings

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Happy Chinese New Year 2026

The Horse is a symbol of freedom, independence, stamina, and spirited adventure. The colour Red and the Fire element are associated with passion. Fire is also associated with clarity and change. The Horse is also associated with speed, confidence, and energy.  Wishing all readers a Healthy and Prosperous Year of the Horse and continue to gallop strongly in your pursuit of financial freedom!
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China Sports International Limited


IPO booth at Raffles Place
China Sports International Limited designs, manufactures, and sells branded sports fashion, footwear and apparel products. The prospectus is here.

Public offer: 3 million shares at 80 cents
Placement offer: 97 million shares at 80 cents.
Manager: Sterling Coleman

This is the blockbuster IPO for July as it is in the very hot sector of "Consumers China" and the stellar performance of China Hong Xing post IPO is another key reason why this Company will do well. Its closest peer listed on SGX, China Hongxing is trading at a phenomenal historical '06 PER of 49x and a forward '07 PER of 34x. While a not-so-related peer, Hong Guo is also trading at 25x '06 PER and 20x '07 PER. I have excluded Li Ning that is listed in Hong Kong as it is trading in the PEs in excess of 50s.



Based on listed peers valuation, my fair value for China Sports is at least $1.70

Dont miss this!
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