APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC 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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/huitongda" target="_blank" data-smartkarma-citation="entities:33789:1" rel="noopener">Huitongda (9878 HK)</a> raised around US$285m in its Hong Kong IPO.</li>
<li>Overall, we are not comfortable with paying a premium valuation for HTD given its small scale of operations in a highly competitive and fragmented market. </li>
<li>In this note, we will look at the trading dynamics and current valuation.</li>
</ul>



Huitongda (9878 HK) raised around US$285m in its Hong Kong IPO.
Overall, we are not comfortable with paying a premium valuation for HTD given its small scale of operations in a highly competitive and fragmented market. 
In this note, we will look at the trading dynamics and current valuation.


Huitongda (汇通达) IPO Trading - Subscription Rates and Cornerstone Quality Leaves Much to Be Desired

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Alibaba Group Holding  / Technical Analysis

<ul>
<li>BABA's slide has been in line. Two key directional break points stand out that will drive the intermediate cycle. The current technical reading remains weak.</li>
<li>MACD has drifted higher into the neutral zone while price has traded in a bearish flat range setting up a sell. MACD will be coiled for a fresh down leg.</li>
<li>Well defined directional break points lies at 135 (trendline and price pivot) and 100 (triple low support).</li>
</ul>


BABA's slide has been in line. Two key directional break points stand out that will drive the intermediate cycle. The current technical reading remains weak.
MACD has drifted higher into the neutral zone while price has traded in a bearish flat range setting up a sell. MACD will be coiled for a fresh down leg.
Well defined directional break points lies at 135 (trendline and price pivot) and 100 (triple low support).


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>Delhivery is looking to raise US$1bn in its upcoming India IPO, the company is backed by a host of financial investors, the largest being Softbank.</li>
<li>Delhivery is an online logistics service provider which covers express parcel delivery, heavy goods delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, cross border solutions etc.</li>
<li>In this note, we talk about the positive aspects of the deal.</li>
</ul>


Delhivery is looking to raise US$1bn in its upcoming India IPO, the company is backed by a host of financial investors, the largest being Softbank.
Delhivery is an online logistics service provider which covers express parcel delivery, heavy goods delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, cross border solutions etc.
In this note, we talk about the positive aspects of the deal.


Delhivery Pre-IPO - The Positives - Riding the E-Commerce Boom

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul>
<li>
In Depth: Will subsidized housing stabilize the real estate industry?
</li>
<li>
Trending in China: Outpouring of affection for Japanese figure skating star
</li>
<li>
Zhong Ou health-care fund falls out of Alipay top 10 after ranking No. 1
</li>
</ul>



In Depth: Will subsidized housing stabilize the real estate industry?


Trending in China: Outpouring of affection for Japanese figure skating star


Zhong Ou health-care fund falls out of Alipay top 10 after ranking No. 1



CX Daily: Will Subsidized Housing Stabilize The Real Estate Industry?

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>The spotlight is back on <a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" data-smartkarma-citation="entities:8509:1" rel="noopener">Sea Ltd (SE US)</a> after its game FreeFire was named as one of 54 apps of Chinese origin to be banned in India.</li>
<li>The ban on FreeFire comes despite <a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" data-smartkarma-citation="entities:8509:1" rel="noopener">Sea Ltd</a>'s recent move to reduce the influence from <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent</a> by scaling back its ownership of voting shares </li>
<li>We see the recent price weakness as an opportunity to accumulate <a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" data-smartkarma-citation="entities:8509:1" rel="noopener">Sea Ltd</a> given the growth story remains intact although investors may not pay the same multiple premium over peers.</li>
</ul>


The spotlight is back on Sea Ltd (SE US) after its game FreeFire was named as one of 54 apps of Chinese origin to be banned in India.
The ban on FreeFire comes despite Sea Ltd's recent move to reduce the influence from Tencent by scaling back its ownership of voting shares 
We see the recent price weakness as an opportunity to accumulate Sea Ltd given the growth story remains intact although investors may not pay the same multiple premium over peers.


China

Alibaba Group Holding Limited provides online sales services. The Company provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

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Alibaba Group Holding (9988 HK)

Huitongda (汇通达) IPO Trading - Subscription Rates and Cornerstone Quality Leaves Much to Be Desired

Huitongda Network raised around US$285m in its Hong Kong IPO. In this note, we will look at the trading dynamics and current valuation.

Clarence Chu

BABA Triple Low or More to Go?

BABA's slide has been in line. Two key directional break points stand out that will drive the intermediate cycle. The current technical reading...

Thomas Schroeder

Delhivery Pre-IPO - The Positives - Riding the E-Commerce Boom

Delhivery is looking to raise US$1bn in its upcoming India IPO, the company is backed by a host of financial investors, the largest being Softbank.

Sumeet Singh

CX Daily: Will Subsidized Housing Stabilize The Real Estate Industry?

In Depth: Will subsidized housing stabilize the real estate industry? Trending in China: Outpouring of affection for Japanese figure skating star

Caixin Global

Sea Ltd (SE US) - A Himalayan Saga

We see the recent Sea Ltd price weakness as an opportunity to accumulate the stock, given the growth story remains intact although investors may...

Angus Mackintosh

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52-week Range

Market Cap (USDm)

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