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 analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Mar 04 based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were Man Wah (1999 HK), China Gas (384 HK), Hysan Development (14 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Man Wah (1999 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Mar 04 based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were Man Wah (1999 HK), China Gas (384 HK), Hysan Development (14 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Man Wah (1999 HK).


Hong Kong Buybacks: Man Wah, China Gas, Hysan

HK/China Equity Long-Short

Osbert Tang, CFA

Thematic (Sector/Industry)

<ul>
<li>Russia-Ukraine war has raised commodity prices which are negative towards commodity users in short term. However, we see silver linings for Chinese utilities and energy companies in the longer term.</li>
<li>The conflict is expected to accelerate the progress of renewable projects currently under development, lead to a faster diversification away from fossils and increase gas supply from Russia to China. </li>
<li>Key beneficiaries include <a href="https://www.smartkarma.com/entities/xinjiang-goldwind-science-technology-h" target="_blank" data-smartkarma-citation="entities:10112:1" rel="noopener">Xinjiang Goldwind (2208 HK)</a>, <a href="https://www.smartkarma.com/entities/dongfang-electric-corporation-limited" target="_blank" data-smartkarma-citation="entities:1251:1" rel="noopener">Dongfang Electric (1072 HK)</a>, <a href="https://www.smartkarma.com/entities/china-longyuan-power-group-corp-ltd" target="_blank" data-smartkarma-citation="entities:14215:1" rel="noopener">China Longyuan Power (916 HK)</a>, <a href="https://www.smartkarma.com/entities/china-energy-engineering-group" target="_blank" data-smartkarma-citation="entities:21017:1" rel="noopener">Energy China (3996 HK)</a>, <a href="https://www.smartkarma.com/entities/power-construction-corporation-of-china-limited" target="_blank" data-smartkarma-citation="entities:24220:1" rel="noopener">Power China (601669 CH)</a> and the gas utilities.</li>
</ul>


Russia-Ukraine war has raised commodity prices which are negative towards commodity users in short term. However, we see silver linings for Chinese utilities and energy companies in the longer term.
The conflict is expected to accelerate the progress of renewable projects currently under development, lead to a faster diversification away from fossils and increase gas supply from Russia to China. 
Key beneficiaries include Xinjiang Goldwind (2208 HK), Dongfang Electric (1072 HK), China Longyuan Power (916 HK), Energy China (3996 HK), Power China (601669 CH) and the gas utilities.


Russia-Ukraine War: Longer Term Implications for China Utilities and Energy

<ul>
<li>We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 25 based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were China Gas (384 HK), China Mobile (941 HK), Pop Mart (9992 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Kingdee (268 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 25 based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were China Gas (384 HK), China Mobile (941 HK), Pop Mart (9992 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Kingdee (268 HK).


Hong Kong Buybacks: China Gas, China Mobile, Pop Mart

<ul>
<li>We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 18 based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Kingdee International (268 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), 3Sbio (1530 HK), Tencent (700 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 18 based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Kingdee International (268 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), 3Sbio (1530 HK), Tencent (700 HK).


Hong Kong Buybacks: China Mobile Buy Back at 1Y High Price

<ul>
<li>We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 11 based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Kingdee International (268 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), 3Sbio (1530 HK), China Mobile (941 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 11 based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were China Mobile (941 HK), China Gas (384 HK), Kingdee International (268 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), 3Sbio (1530 HK), China Mobile (941 HK).


Hong Kong Buybacks: China Mobile, China Gas, Kingdee

Hong Kong

China Gas Holdings Ltd. invests in, operates and manages natural gas distribution pipelines.  The Company distributes and sells natural gas to residential, commercial and industrial users, and bottles and sells compressed natural gas.  China Gas also constructs and operates gas stations.

Price Gauge
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China Gas Holdings (384 HK)

Hong Kong Buybacks: Man Wah, China Gas, Hysan

We highlight the top 3 companies that repurchased the most shares in HK last week were Man Wah (1999 HK), China Gas (384 HK), Hysan Development (14...

Ke Yan, CFA, FRM

Russia-Ukraine War: Longer Term Implications for China Utilities and Energy

We should not overlook the potential long term impact of the Russia-Ukraine war on the Chinese utilities and energy companies as we find some...

Osbert Tang, CFA

Hong Kong Buybacks: China Gas, China Mobile, Pop Mart

We highlight the top 3 companies that repurchased the most shares in HK in the past week were China Gas (384 HK), China Mobile (941 HK), Pop Mart...

Ke Yan, CFA, FRM

Hong Kong Buybacks: China Mobile Buy Back at 1Y High Price

We highlight the top 3 companies that repurchased the most shares from the Hong Kong market in the past week were China Mobile (941 HK), China Gas...

Ke Yan, CFA, FRM

Hong Kong Buybacks: China Mobile, China Gas, Kingdee

We highlight the top 3 companies that repurchased the most shares in HK in the past week were China Mobile (941 HK), China Gas Holdings(384 HK),...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)