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

Charter Hall Long Wale Reit / Equity Capital Markets

<div><p><a href="https://www.smartkarma.com/entities/charter-hall-long-wale-reit" target="_blank" data-smartkarma-citation="entities:24076:1" rel="noopener">Charter Hall Long Wale Reit (CLW AU)</a> is looking to raise US$138m (A$200m) to fund the acquisition of a partial stake in BP's portfolio of 225 convenience retail properties and an industrial asset from Arnott's. In addition to the placement, CLW will also raise A$150m via a 1-for-15 accelerated non-renounceable entitlement offfer. </p></div><p>This is the fifth fundraising by the REIT this year and the second fund raising over the last two months. We covered the larger raising earlier this year, in Aug 2019, <a href="https://www.smartkarma.com/entities/charter-hall-long-wale-reit/insights?item=30242" target="_blank" rel="noopener">Charter Hall Long WALE REIT Placement - Neither Here nor There.</a></p><div><p>The deal scored a marginally positive on our framework and CLW will be included in the FTSE-EPRA-NAREIT index soon, which should help to keep the shares afloat.</p></div>

Charter Hall Long Wale Reit (CLW AU) is looking to raise US$138m (A$200m) to fund the acquisition of a partial stake in BP's portfolio of 225 convenience retail properties and an industrial asset from Arnott's. In addition to the placement, CLW will also raise A$150m via a 1-for-15 accelerated non-renounceable entitlement offfer. This is the fifth fundraising by the REIT this year and the second fund raising over the last two months. We covered the larger raising earlier this year, in Aug 2019, Charter Hall Long WALE REIT Placement - Neither Here nor There.The deal scored a marginally positive on our framework and CLW will be included in the FTSE-EPRA-NAREIT index soon, which should help to keep the shares afloat.

Charter Hall Long WALE REIT Placement - A Little More Positive on This, Index Inclusion Should Help

APAC IPOs & Placements

Zhen Zhou, Toh

<p><a href="https://www.smartkarma.com/entities/charter-hall-long-wale-reit" target="_blank" data-smartkarma-citation="entities:24076:1">Charter Hall Long Wale Reit (CLW AU)</a> is looking to raise US$126m to fund the acquisition of three properties.</p><p>The deal scored marginally positive on our framework owing to the lack of accretion to DPS but was offset by its strong price and earnings momentum. The presentation had been mostly centered around the fact the acquisition will help improve its weighted average rental review (WARR). But, it will be dilutive to the REIT's weighted average cap rate (WACR).</p>

Charter Hall Long Wale Reit (CLW AU) is looking to raise US$126m to fund the acquisition of three properties.The deal scored marginally positive on our framework owing to the lack of accretion to DPS but was offset by its strong price and earnings momentum. The presentation had been mostly centered around the fact the acquisition will help improve its weighted average rental review (WARR). But, it will be dilutive to the REIT's weighted average cap rate (WACR).

Charter Hall Long WALE REIT Placement - Neither Here nor There

Australia

Charter Hall Long WALE REIT operates as a real estate investment trust. The Company invests in office, industrial, and retail properties that are leased to corporate and government tenants on long-term. Charter Hall Long WALE REIT conducts business in Australia.

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Charter Hall Long Wale Reit (CLW AU)

Charter Hall Long WALE REIT Placement - A Little More Positive on This, Index Inclusion Should Help

Charter Hall Long Wale Reit (CLW AU) is looking to raise US$138m (A$200m) to fund the acquisition of a partial stake in BP's portfolio of 225...

Sumeet Singh

Charter Hall Long WALE REIT Placement - Neither Here nor There

Charter Hall Long Wale Reit (CLW AU) is looking to raise US$126m to fund the acquisition of three properties.The deal scored marginally positive on...

Zhen Zhou, Toh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)