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

JL Mag Rare-Earth   / Equity Capital Markets

<ul>
<li>JL Mag Rare-earth Co. Ltd (JLM) aims to raise up to US$650m via its H-shares listing. </li>
<li>JLM is a producer of high-performance REPMs. It ranked first in the world by high-performance REPM production volume in 2020 with a market share of approximately 14.5%.</li>
<li>In this note, we look at the pricing and other deal dynamics.</li>
</ul>


JL Mag Rare-earth Co. Ltd (JLM) aims to raise up to US$650m via its H-shares listing. 
JLM is a producer of high-performance REPMs. It ranked first in the world by high-performance REPM production volume in 2020 with a market share of approximately 14.5%.
In this note, we look at the pricing and other deal dynamics.


JL Mag Rare-Earth A/​H Listing - High-End a No Go, Post Correction

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Event-Driven

<ul>
<li>Sure the Elon Musk Show is on all channels, but he and <a href="https://www.smartkarma.com/entities/tesla-motors-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a> did have a very good year.</li>
<li>They also caught a lot of lucky breaks that won't last—which is overlooked by investors. </li>
<li>Next year will be different. And it starts in just two days.</li>
</ul>


Sure the Elon Musk Show is on all channels, but he and Tesla Motors (TSLA US) did have a very good year.
They also caught a lot of lucky breaks that won't last—which is overlooked by investors. 
Next year will be different. And it starts in just two days.


Look Away From Elon Musk To Gauge Tesla's Prospects—and Looming Risks

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

iShares Russell 2000 ETF / Technical Analysis

<ul>
<li>The market continues to send mixed signals - some neutral or healthy signals but some risk-off signals as well.</li>
<li>As long as the Russell 2000 index (IWM) is above $208, Russell Micro Cap index (IWC) is above $134-$135, and the S&amp;P 500 is above 4495, we cannot be bearish.</li>
<li>Treasury yields are not breaking down below 1.40%-1.45% support on the 10-year Treasury yield and 1.76% support on the 30-year Treasury yield.</li>
</ul>


The market continues to send mixed signals - some neutral or healthy signals but some risk-off signals as well.
As long as the Russell 2000 index (IWM) is above $208, Russell Micro Cap index (IWC) is above $134-$135, and the S&amp;P 500 is above 4495, we cannot be bearish.
Treasury yields are not breaking down below 1.40%-1.45% support on the 10-year Treasury yield and 1.76% support on the 30-year Treasury yield.


Continued Absence Of Breakdowns Is A Positive Sign; Many Bottoms-Up Stock Recommendations

LG Energy Solution / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lg-energy-solution" target="_blank" data-smartkarma-citation="entities:33464:1" rel="noopener">LG Energy Solution (LGENERGY KS)</a> (LGES) is looking to raise up to US$10.8bn in its upcoming South Korea IPO.</li>
<li>LGES is the EV battery unit of LG Chem. It was spun off in December last year. The company is a major supplier to customers including Tesla and General Motors.</li>
<li>In this note, we take a look at assumptions, valuation, sensitivity analysis, and potential trades to put up.</li>
</ul>



LG Energy Solution (LGENERGY KS) (LGES) is looking to raise up to US$10.8bn in its upcoming South Korea IPO.
LGES is the EV battery unit of LG Chem. It was spun off in December last year. The company is a major supplier to customers including Tesla and General Motors.
In this note, we take a look at assumptions, valuation, sensitivity analysis, and potential trades to put up.


LG Energy Pre-IPO - Valuation - LGES Inexpensive, Potential LG Chem Trade Leading up to IPO

Forensic Analyst

Jason Yap, CFA

Forensic Accounting

<ul>
<li>China’s favourable policies have been important drivers of the New Energy Vehicle (NEV) market</li>
<li>However, we are starting to see renewed efforts for the NEV sector to wean off policy support while traditional automakers are becoming increasingly competitive in this space</li>
<li>We discuss the latest NEV sector policy changes and its implications </li>
</ul>


China’s favourable policies have been important drivers of the New Energy Vehicle (NEV) market
However, we are starting to see renewed efforts for the NEV sector to wean off policy support while traditional automakers are becoming increasingly competitive in this space
We discuss the latest NEV sector policy changes and its implications 


China's EV Sector Policy Support Wean-Off and Its Implications

China

BYD Company Limited manufactures automotive products. The Company produces ordinary passenger cars, commercial vehicles, and other products. BYD also operates battery making, rail transportation construction, and other businesses.

Price Gauge
52-week Range	0.00 - 0.00
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BYD (002594 CH)

JL Mag Rare-Earth A/H Listing - High-End a No Go, Post Correction

JL Mag Rare-earth Co. Ltd (JLM) aims to raise up to US$650m via its H-shares listing. In this note, we will look at the valuation and other deal...

Sumeet Singh

Look Away From Elon Musk To Gauge Tesla's Prospects—and Looming Risks

Sure the Elon Show is on all channels, but he and Tesla did have a very good year. They also caught a lot of lucky breaks that won't last—which is...

Vicki Bryan

Continued Absence Of Breakdowns Is A Positive Sign; Many Bottoms-Up Stock Recommendations

As long as the Russell 2000 index (IWM) is above $208, the Russell Micro Caps index (IWC) is above $134-$135, and the S&P 500 is above 4495, we...

Vermilion Research

LG Energy Pre-IPO - Valuation - LGES Inexpensive, Potential LG Chem Trade Leading up to IPO

LG Energy Solution is looking to raise up to US$10.8bn in its upcoming South Korea IPO. In this note, we take a look at assumptions, valuation,...

Sumeet Singh

China's EV Sector Policy Support Wean-Off and Its Implications

China's NEV sector is weaning off policy support while traditional automakers are becoming increasingly competitive. We discuss the latest NEV...

Jason Yap, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

JL Mag Rare-Earth A/​H Listing - High-End a No Go, Post Correction

JL Mag Rare-earth Co. Ltd (JLM) aims to raise up to US$650m via its H-shares listing. In this note, we will look at the valuation and other deal...

Sumeet Singh

Look Away From Elon Musk To Gauge Tesla's Prospects—and Looming Risks

Sure the Elon Show is on all channels, but he and Tesla did have a very good year. They also caught a lot of lucky breaks that won't last—which is...

Vicki Bryan

Continued Absence Of Breakdowns Is A Positive Sign; Many Bottoms-Up Stock Recommendations

As long as the Russell 2000 index (IWM) is above $208, the Russell Micro Caps index (IWC) is above $134-$135, and the S&P 500 is above 4495, we...

Vermilion Research

LG Energy Pre-IPO - Valuation - LGES Inexpensive, Potential LG Chem Trade Leading up to IPO

LG Energy Solution is looking to raise up to US$10.8bn in its upcoming South Korea IPO. In this note, we take a look at assumptions, valuation,...

Sumeet Singh

China's EV Sector Policy Support Wean-Off and Its Implications

China's NEV sector is weaning off policy support while traditional automakers are becoming increasingly competitive. We discuss the latest NEV...

Jason Yap, CFA

JL Mag Rare-Earth A/H Listing - High-End a No Go, Post Correction