Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of July 19th.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight flows for ICBC (1398 HK), China Hongqiao (1378 HK).</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of July 19th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for ICBC (1398 HK), China Hongqiao (1378 HK).


Hong Kong Connect Flows (Jul 19th): ICBC, China Hongqiao

Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

Thematic (Sector/Industry)

<ul>
<li>Through a set of 4 quick animations of city-level data (70 cities), we illuminate the dynamics of new home prices in China over the past 12 years</li>
<li>This helps put the current (since mid-2021) downturn in context and build intuition about the components of the aggregate declines, including the by-city-tier breakdown</li>
<li>We point out a number of key data caveats and traps in the interpretation of the data sets</li>
</ul>


Through a set of 4 quick animations of city-level data (70 cities), we illuminate the dynamics of new home prices in China over the past 12 years
This helps put the current (since mid-2021) downturn in context and build intuition about the components of the aggregate declines, including the by-city-tier breakdown
We point out a number of key data caveats and traps in the interpretation of the data sets


Around China Housing In 80 Seconds - Visualizing The 2012-2023 Monthly Data

<ul>
<li>The policy easing and the change in the base effect started to show some impact on new home sales y/y metrics turning '"less negative".</li>
<li>We highlight points from our Weekly New Home Sales Data Update Report, which looks at 16 major cities and the latest data for the week ending June 30.</li>
<li>Certain weekly metrics on a small sample of cities serve as a good gauge for what to expect directionally in the national NBS data released later.</li>
</ul>


The policy easing and the change in the base effect started to show some impact on new home sales y/y metrics turning '"less negative".
We highlight points from our Weekly New Home Sales Data Update Report, which looks at 16 major cities and the latest data for the week ending June 30.
Certain weekly metrics on a small sample of cities serve as a good gauge for what to expect directionally in the national NBS data released later.


China Property - Weekly New Home Sales Data Now Clearly "Less Negative" (To June 30, 2024)

<ul>
<li>In this webinar, part of Real Estate Foresight's 12th annual China Property Outlook, we share our views on 2024 for the China housing markets</li>
<li>We explore several themes, incl. the latest Whitelist approvals by local governments and a wave of related announcements</li>
<li>The webinar presentation was recorded on Feb 6, 2024. You can also view <a href="https://vimeo.com/911098574/5874dfd757?share=copy" target="_blank" rel="noopener">this 3-minute version</a> with a few highlights.</li>
</ul>


In this webinar, part of Real Estate Foresight's 12th annual China Property Outlook, we share our views on 2024 for the China housing markets
We explore several themes, incl. the latest Whitelist approvals by local governments and a wave of related announcements
The webinar presentation was recorded on Feb 6, 2024. You can also view this 3-minute version with a few highlights.


Webinar Recording: 12th Annual China Property Outlook by Real Estate Foresight, "The Big Shifts"

<ul>
<li>We highlight the latest policy developments with the wave of developer projects getting whitelisted for financing support.</li>
<li>There is plenty of local news about city-level project approvals and a growing number of developers announced how many of theirs have been whitelisted.</li>
<li>The big question is what proportion of the whitelisted projects will get the actual loans.</li>
</ul>


We highlight the latest policy developments with the wave of developer projects getting whitelisted for financing support.
There is plenty of local news about city-level project approvals and a growing number of developers announced how many of theirs have been whitelisted.
The big question is what proportion of the whitelisted projects will get the actual loans.


China

Zhong An Group Limited operates as a real estate development company. The Company builds shopping malls, office buildings, hotels, serviced apartments, and other buildings. Zhong An Group markets its products throughout China.

Crown International Corp Limited engages in the businesses of hotel investment and operation and property investment.

Zhongliang Holdings Group Company Limited operates as a real estate development company. The Company develops and markets high-rise residential buildings, low-rise apartments, villas, commercial facilities, office buildings, and other related areas. Zhongliang Holdings Group provides property management services.

Zhenro Properties Group Limited operates as a real estate development company. The Company builds and markets residential properties, office buildings, hotels, restaurants, and other related areas. Zhenro Properties Group also provides property management services. Zhenro Properties Group serves customers in China.

E-House (China) Enterprise Holdings Limited provides real estate services. The Company offers primary real estate agency, big data and consulting, secondary brokerage platform, and other services. E-House (China) Enterprise Holdings provides services in Hong Kong.

FLJ Group Limited provides real estate services. The Company offers apartment on rental basis. FLJ Group serves customers in China.

China Electronics Optics Valley Union Holding Company Limited develops and operates commercial business parks. The Company upgrades, restructures, develops and operates commercial business properties throughout China.

Beijing North Star Company Limited develops, leases, and invests in properties. The Company operates shopping centers, hotels, restaurants, and recreation businesses.  The Company also provides property management.

Huafa Property Services Group Company Limited operates as a property management company. The Company offers property and facility management, design and engineering consulting, brand introduction, hotel advisory, events, and exhibition services. Huafa Property Services Group serves clients in Hong Kong and China.

A-Living Smart City Services Co., Ltd. offers property management services. The Company provides hydropower maintenance, parking management, home cleaning, and other services. A-Living Smart City Services also engages in interior decoration works, landscaping works, and others.

Newtime Infrastructure Ltd. produces movies.

Lai Sun Development Company Limited, through its subsidiaries, develops and invests in properties.  The Company also operates hotels and restaurants.

Noble Development Public Company Limited develops property ranging from single detached houses to low-rise and high-rise condominiums.  The Company also provides housing construction and project management services.

Tateru, Inc. offers real estate brokerage services. The Company mainly operates apartment management platforms and offers related leasing services. Tateru provides services in Japan.

PT Indonesia Prima Property Tbk develops and sells apartments, houses, and land. The Company also owns and leases office buildings, shopping malls, apartments, and hotels.

SLB Development Ltd. operates as a property development company. The Company develops industrial, commercial, and retail properties.

Nirvana Development Public Company Limited operates as a real estate development company. The Company develops high-rise and low-rise residential projects, as well as manufactures and distributes pile, beam, concrete slap and fence, and aluminum doors and windows. Nirvana Development serves customers in Thailand.

Polaris Capital PCL develops real estate. The Company develops single family homes, townhouses, condominiums, and resorts.

Sietel Limited, through its subsidiaries, invests in industrial and commercial real estate, provides financed and leased facilities, and plant and management services to its controlled entities.  The Company also develops hot water heaters and does vehicle body manufacturing for the commercial automobile industry.

Great Wall Pan Asia Holdings Limited operates as a holding company. The Company, through its subsidiaries, owns a diversified portfolio of real estate assets in Hong Kong.

Kaisa Group Holdings Limited is an integrated real estate company. The Group focuses on urban development and operation. Kaisa Group's real estate business covers the planning, development and operation of large-scale residential properties and integrated commercial properties.

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Kaisa Group Holdings (1638 HK)

Hong Kong Connect Flows (Jul 19th): ICBC, China Hongqiao

We analyzed southbound Hong Kong connect flows in the past week and highlight flows for ICBC (1398 HK), China Hongqiao (1378 HK).

Ke Yan, CFA, FRM

Around China Housing In 80 Seconds - Visualizing The 2012-2023 Monthly Data

China Property - Take a tour of these four data visualizations/animations of the city-level house price changes to get a finer perspective on...

Robert Ciemniak

China Property - Weekly New Home Sales Data Now Clearly "Less Negative" (To June 30, 2024)

China Property: The policy easing and the change in the base effect started to show some impact on new home sales y/y metrics turning '"less...

Robert Ciemniak

Webinar Recording: 12th Annual China Property Outlook by Real Estate Foresight, "The Big Shifts"

China: As the Two Meetings kick off this week, our China Property Outlook 2024 webinar from February dives deeper into the China housing market,...

Robert Ciemniak

China Property: The Red-Hot Whitelists

We highlight the latest policy developments with the wave of developer projects getting whitelisted for financing support.

Robert Ciemniak

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