Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Pertamina Geothermal Energy PT / Equity Capital Markets

<ul>
<li>Pertamina Geothermal Energy (PGE) is looking to raise around US$500m in its upcoming Indonesia IPO. PGE is an Indonesian state owned power producer which utilizes geothermal energy to produce electricity.</li>
<li>PGE currently manages 13 Geothermal Working Areas with a total capacity of 1,877 MW, of which 672 MW is owned by it, while 1,205 MW is via joint operations.</li>
<li>In this note, we take an early look at the IPO.</li>
</ul>


Pertamina Geothermal Energy (PGE) is looking to raise around US$500m in its upcoming Indonesia IPO. PGE is an Indonesian state owned power producer which utilizes geothermal energy to produce electricity.
PGE currently manages 13 Geothermal Working Areas with a total capacity of 1,877 MW, of which 672 MW is owned by it, while 1,205 MW is via joint operations.
In this note, we take an early look at the IPO.


Pertamina Geothermal Energy IPO Early Look- Ticks the ESG Box but Has Missed Its Targets in the Past

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96 million of net outflow.</li><li>On Jan 12, Marco Polo Marine Group chief executive officer (CEO) Sean Lee Yun Feng acquired 2.5 million shares of the marine logistic group for a consideration of S$100,000.</li></ul>

Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96 million of net outflow.On Jan 12, Marco Polo Marine Group chief executive officer (CEO) Sean Lee Yun Feng acquired 2.5 million shares of the marine logistic group for a consideration of S$100,000.

LG Energy Solution / Equity Capital Markets

<ul>
<li>In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.</li>
<li>This list has been compiled on a best effort basis from tracking the company filings and through various other sources.</li>
<li>The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.</li>
</ul>


In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.
This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.


Aequitas 2023 Asia IPO Pipeline - India, ADRs, Korea, Japan and ASEAN

<ul><li>Digilife Tech, Forise & APTT directors acquire more shares DBS, OCBC, CapitaLand Investment, Jardine Matheson Holdings and Genting Singapore led the net institutional inflow for the four sessions.</li><li>On Dec 30, Forise International executive director Dennis Wan Jinn Woei acquired 1,409,200 shares at S$0.17 cents per share.</li></ul>

Digilife Tech, Forise & APTT directors acquire more shares DBS, OCBC, CapitaLand Investment, Jardine Matheson Holdings and Genting Singapore led the net institutional inflow for the four sessions.On Dec 30, Forise International executive director Dennis Wan Jinn Woei acquired 1,409,200 shares at S$0.17 cents per share.

Digilife Tech, Forise & APTT directors acquire more shares

Capitaland Integrated Commercial Trust / Equity Bottom-Up

<ul><li>In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%.</li><li>This was the strongest stock benchmark performance for the year across the Asia Pacific and Developed Indices, with the FTSE Asia Pacific Index and FTSE Developed Indices respectively declining 16.7% and 18.3% in total return.</li><li>N/A *does not include net institutional flow for MNACT; **price and total return from 14 July 2022; ***2021 total return from 20 September 2021; Source: SGX, Refinitiv, Bloomberg.</li></ul>

In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%.This was the strongest stock benchmark performance for the year across the Asia Pacific and Developed Indices, with the FTSE Asia Pacific Index and FTSE Developed Indices respectively declining 16.7% and 18.3% in total return.N/A *does not include net institutional flow for MNACT; **price and total return from 14 July 2022; ***2021 total return from 20 September 2021; Source: SGX, Refinitiv, Bloomberg.

STI Led Asia Pacific & Developed Stock Benchmarks in 2022

Singapore

United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

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UOB (UOB SP)

Pertamina Geothermal Energy IPO Early Look- Ticks the ESG Box but Has Missed Its Targets in the Past

Pertamina Geothermal Energy is looking to raise around US$500m in its upcoming Indonesia IPO. PGE is an Indonesian state owned power producer which...

Sumeet Singh

Sean Lee Adds to Marco Polo Marine Stake

Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96...

Singapore Exchange Ltd (SGX)

Aequitas 2023 Asia IPO Pipeline - India, ADRs, Korea, Japan and ASEAN

In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.

Sumeet Singh

Digilife Tech, Forise & APTT directors acquire more shares

Digilife Tech, Forise & APTT directors acquire more shares DBS, OCBC, CapitaLand Investment, Jardine Matheson Holdings and Genting Singapore...

Singapore Exchange Ltd (SGX)

STI Led Asia Pacific & Developed Stock Benchmarks in 2022

In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%. This was the strongest stock...

Singapore Exchange Ltd (SGX)

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