ECM Weekly (27th August 2023) - ARM, Integral, Doosan, Samhi, JSW, TVS, Zeekr, Coforge, APA
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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APM Human Services IPO Lock-Up - US$400m of Shares Come Free but First PE Needs to Clear Out
APM Human Services (APM) raised about US$730m by selling a mix of primary and secondary shares in Nov 21. The second IPO linked lockup, worth...
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Auckland Airport - FY23 — The Capex and Opex Show
Auckland Airport (AIA) reported a strong bounce-back in post-COVID profitability in FY23, exceeding the top end of management's guidance band and...
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Auckland Airport - Reduced Regulatory Re-Pricing Risk
Auckland Airport's (AIA) further regulatory disclosures following its recent aeronautical price setting event (PSE4 for FY23–FY27) suggest lower...
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Auckland Airport - FY23 Preview — Profits Flying Again
Management's tendency for being conservative in its earnings guidance suggests risk of an upside surprise.Its NPAT range is NZ$125m–NZ$145m which...
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