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 analyzed the changes in foreign holdings of KRX stocks as of Nov 8th which has an aggregated holding worth USD514.4bn.</li>
<li>We estimate that foreign flows to be inflows of USD14mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Sk Hynix, Samsung Electronics, Samsung SDI, Hyundai Motor.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Nov 8th which has an aggregated holding worth USD514.4bn.
We estimate that foreign flows to be inflows of USD14mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Sk Hynix, Samsung Electronics, Samsung SDI, Hyundai Motor.


KRX Foreign Holding Weekly (Nov 8th): Sk Hynix, Samsung Electronics, Samsung SDI, Hyundai Motor

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

<ul>
<li>Q324 DRAM revenues amounted to $25.4 billion, up 8.6% QoQ and up 92.4% YoY</li>
<li>Q324 NAND revenues amounted to $17.9 billion, up 9.8% QoQ and up 93.6% YoY</li>
<li>PC, Smartphone segments sluggish due to high inventory levels while HBM and DDR5 are on fire driven by insatiable demand in the AI server segment. Decoupling continues into 2025.</li>
</ul>


Q324 DRAM revenues amounted to $25.4 billion, up 8.6% QoQ and up 92.4% YoY
Q324 NAND revenues amounted to $17.9 billion, up 9.8% QoQ and up 93.6% YoY
PC, Smartphone segments sluggish due to high inventory levels while HBM and DDR5 are on fire driven by insatiable demand in the AI server segment. Decoupling continues into 2025.


Semiconductor Memory Q324 Revenue Close To Historic Highs Even As Decoupling Intensifies

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>2024 Taiwan notebooks set for release in 3rd quarter, increasing competition in the tech market.</li><li>TSMC's October revenue surpasses NT$300 billion, fueled by orders from major clients, showcasing the company's strong performance.</li><li>Wafer Works establishes new 12-inch semiconductor fab in Taiwan to cater to AI and EV industries globally, highlighting the industry's growth and development.</li></ul>

2024 Taiwan notebooks set for release in 3rd quarter, increasing competition in the tech market.TSMC's October revenue surpasses NT$300 billion, fueled by orders from major clients, showcasing the company's strong performance.Wafer Works establishes new 12-inch semiconductor fab in Taiwan to cater to AI and EV industries globally, highlighting the industry's growth and development.

Tech Supply Chain Tracker (09-Nov-2024): Taiwan notebooks, Q3 2024

Technology / Semiconductor / Internet Research

Nicolas Baratte

Taiwan Semiconductor (TSMC) / Equity Bottom-Up

<ul>
<li>TSMC: on track to ahead of schedule to start its 2nm fabs installations. Production planed for late 2025, revenues early 2026. Side benefits from Samsung closing some Foundry capacity.</li>
<li>SK Hynix: the HBM roadmap is accelerating. HBM3e 12H seeing order surge. HBM3e 16H qualification early 2025.</li>
<li>Samsung: after the Semi profit crash in 3Q, rumors of shutting down some Foundry capacity. SK Hynix HBM news flow suggests that SK Hynix’s lead is increasing.</li>
</ul>


TSMC: on track to ahead of schedule to start its 2nm fabs installations. Production planed for late 2025, revenues early 2026. Side benefits from Samsung closing some Foundry capacity.
SK Hynix: the HBM roadmap is accelerating. HBM3e 12H seeing order surge. HBM3e 16H qualification early 2025.
Samsung: after the Semi profit crash in 3Q, rumors of shutting down some Foundry capacity. SK Hynix HBM news flow suggests that SK Hynix’s lead is increasing.


Tech News This Week: TSMC, SK Hynix, Samsung, AMD, Apple

<ul><li>SK Hynix strengthens partnership with TSMC to advance HBM technology and more, enhancing their collaboration in the semiconductor industry.</li><li>Meta is investing in XR ecosystem for future smart devices, as indicated by DIGITIMES Research, indicating a shift towards immersive technology in their product roadmap.</li><li>Super Micro experiences revenue shortfall due to accounting issues and GPU delays, while Intel contemplates splitting its business amidst complex challenges.</li></ul>

SK Hynix strengthens partnership with TSMC to advance HBM technology and more, enhancing their collaboration in the semiconductor industry.Meta is investing in XR ecosystem for future smart devices, as indicated by DIGITIMES Research, indicating a shift towards immersive technology in their product roadmap.Super Micro experiences revenue shortfall due to accounting issues and GPU delays, while Intel contemplates splitting its business amidst complex challenges.

Tech Supply Chain Tracker (07-Nov-2024): HBM + beyond: SK Hynix partners with TSMC

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

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Samsung Electronics (005930 KS)

KRX Foreign Holding Weekly (Nov 8th): Sk Hynix, Samsung Electronics, Samsung SDI, Hyundai Motor

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Sk Hynix, Samsung Electronics, Samsung SDI,...

Ke Yan, CFA, FRM

Semiconductor Memory Q324 Revenue Close To Historic Highs Even As Decoupling Intensifies

Q324 DRAM $25.4 billion, +8.6% QoQ & +92.4% YoY. NAND was $17.9 billion, +9.8% QoQ & +93.6% YoY. Legacy markets sluggish while HBM and DDR5 are on...

William Keating

Tech Supply Chain Tracker (09-Nov-2024): Taiwan notebooks, Q3 2024

Taiwan's semiconductor industry sees growth as TSMC's revenue surpasses NT$300 billion, Wafer Works opens new fab, SMIC targets global chip market,...

Tech Supply Chain Tracker

Tech News This Week: TSMC, SK Hynix, Samsung, AMD, Apple

Positive: TSMC 2nm, SK Hynix HBM roadmap accelerating. Negative: Samsung to shut down some Foundry capacity, SK Hynix lead in HBM is growing.

Nicolas Baratte

Tech Supply Chain Tracker (07-Nov-2024): HBM + beyond: SK Hynix partners with TSMC

Tech companies like SK Hynix, TSMC, Meta, Intel, and Samsung are making strategic moves in the industry while facing challenges like revenue...

Tech Supply Chain Tracker

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

KRX Foreign Holding Weekly (Nov 8th): Sk Hynix, Samsung Electronics, Samsung SDI, Hyundai Motor

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Sk Hynix, Samsung Electronics, Samsung SDI,...

Ke Yan, CFA, FRM

Semiconductor Memory Q324 Revenue Close To Historic Highs Even As Decoupling Intensifies

Q324 DRAM $25.4 billion, +8.6% QoQ & +92.4% YoY. NAND was $17.9 billion, +9.8% QoQ & +93.6% YoY. Legacy markets sluggish while HBM and DDR5 are on...

William Keating

Tech Supply Chain Tracker (09-Nov-2024): Taiwan notebooks, Q3 2024

Taiwan's semiconductor industry sees growth as TSMC's revenue surpasses NT$300 billion, Wafer Works opens new fab, SMIC targets global chip market,...

Tech Supply Chain Tracker

Tech News This Week: TSMC, SK Hynix, Samsung, AMD, Apple

Positive: ​TSMC 2nm, SK Hynix HBM roadmap accelerating. Negative: Samsung to shut down some Foundry capacity, SK Hynix lead in HBM is growing.

Nicolas Baratte

Tech Supply Chain Tracker (07-Nov-2024): HBM + beyond: SK Hynix partners with TSMC

Tech companies like SK Hynix, TSMC, Meta, Intel, and Samsung are making strategic moves in the industry while facing challenges like revenue...

Tech Supply Chain Tracker

Positive: TSMC 2nm, SK Hynix HBM roadmap accelerating. Negative: Samsung to shut down some Foundry capacity, SK Hynix lead in HBM is growing.