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 the weekly Hong Kong Connect flows with our data engine.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight inflows into Meituan, CNOOC, China Mobile, Tencent, and Li Auto.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight inflows into Meituan, CNOOC, China Mobile, Tencent, and Li Auto.


Hong Kong Connect Flows: Meituan, CNOOC, China Mobile, Tencent, Li Auto

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry. </li>
<li>Overall, the total value increased US$12.5bn in the past week, with Shanghai accounting for US$5.7bn and Shenzhen US$6.8bn. <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a> is the dominant holding across both programs</li>
<li>
<a href="https://www.smartkarma.com/entities/glory-sun-financial-group-ltd" target="_blank" data-smartkarma-citation="entities:17758:1" rel="noopener">Glory Sun Financial Group Limited (1282 HK)</a> saw the biggest upward movement as the chairman sold to pay off debt. <a href="https://www.smartkarma.com/entities/china-south-city-holdings" target="_blank" data-smartkarma-citation="entities:8205:1" rel="noopener">China South City (1668 HK)</a> was reduced by both programs. </li>
</ul>


Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry. 
Overall, the total value increased US$12.5bn in the past week, with Shanghai accounting for US$5.7bn and Shenzhen US$6.8bn. Tencent (700 HK) is the dominant holding across both programs

Glory Sun Financial Group Limited (1282 HK) saw the biggest upward movement as the chairman sold to pay off debt. China South City (1668 HK) was reduced by both programs. 


Shanghai/Shenzhen Southbound Connect: Weekly Moves (20 May 2022)

Travis Lundy

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cnooc-ltd" target="_blank" data-smartkarma-citation="entities:175:1" rel="noopener">CNOOC Ltd (883 HK)</a> released fantastic, above-consensus earnings for Q1, which were minimally impacted (positively) by non-recurring profits. </li>
<li>The driver was higher gas production on much higher prices. At current price, the implied PER is 3.0x for 2022.</li>
<li>And the company also announced a Special Dividend of HK$1.18/share or 10.9% of yesterday's share price. </li>
</ul>



CNOOC Ltd (883 HK) released fantastic, above-consensus earnings for Q1, which were minimally impacted (positively) by non-recurring profits. 
The driver was higher gas production on much higher prices. At current price, the implied PER is 3.0x for 2022.
And the company also announced a Special Dividend of HK$1.18/share or 10.9% of yesterday's share price. 


CNOOC (883 HK) Surprises with Special Div

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight inflows into Meituan, CNOOC, China Mobile, COLI, and outflows from Tencent, China Resources Beer, and HKEX. </li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight inflows into Meituan, CNOOC, China Mobile, COLI, and outflows from Tencent, China Resources Beer, and HKEX. 


Hong Kong Connect Flows: Meituan, CNOOC, China Mobile, COLI

<ul>
<li>CNOOC's RMB Issue of 2.6bn Shares (about US$5bn with over-allotment) was priced at a 14.2% premium to Friday's close. Not Great Bob.</li>
<li>But 31 March indications of Q1 results, and the promises of an H-share buyback noted in the Annual Results a day earlier are worthwhile noting.</li>
<li>CNOOC continues to trail Global Peers in Price and Forward EBIT multiple since the Executive Order 13959 dampened share demand and booted it from global indices. It's still cheap though.</li>
</ul>


CNOOC's RMB Issue of 2.6bn Shares (about US$5bn with over-allotment) was priced at a 14.2% premium to Friday's close. Not Great Bob.
But 31 March indications of Q1 results, and the promises of an H-share buyback noted in the Annual Results a day earlier are worthwhile noting.
CNOOC continues to trail Global Peers in Price and Forward EBIT multiple since the Executive Order 13959 dampened share demand and booted it from global indices. It's still cheap though.


CNOOC RMB Share Prices at Small Premium (But CNOOC Still Cheap To Peers)

Hong Kong

China Mobile Limited, through its subsidiaries, provides cellular telecommunications and related services in the People's Republic of China and Hong Kong SAR.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

China Mobile Ltd Spon Adr (CHL US)

Hong Kong Connect Flows: Meituan, CNOOC, China Mobile, Tencent, Li Auto

We highlight weekly southbound Hong Kong Connect inflows into Meituan (3690 HK), CNOOC (883 HK), China Mobile (941 HK), Tencent (700 HK), and Li...

Ke Yan, CFA, FRM

Shanghai/Shenzhen Southbound Connect: Weekly Moves (20 May 2022)

Overall, the total value increased US$12.5bn, with Shanghai accounting for US$5.7bn and Shenzhen US$6.8bn. Glory Sun saw the biggest upward...

David Blennerhassett

CNOOC (883 HK) Surprises with Special Div

CNOOC had a blowout Q1 and announced a special dividend equal to 10.9% of the share price as of today's close. The CEO has been switched out for a...

Travis Lundy

Hong Kong Connect Flows: Meituan, CNOOC, China Mobile, COLI

We highlight weekly southbound inflows into Meituan, CNOOC, China Mobile, COLI, and outflows from Tencent, China Resources Beer, and HKEX.

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Hong Kong Connect Flows: Meituan, CNOOC, China Mobile, Tencent, Li Auto

We highlight weekly southbound Hong Kong Connect inflows into Meituan (3690 HK), CNOOC (883 HK), China Mobile (941 HK), Tencent (700 HK), and Li...

Ke Yan, CFA, FRM

Shanghai/Shenzhen Southbound Connect: Weekly Moves (20 May 2022)

Overall, the total value increased US$12.5bn, with Shanghai accounting for US$5.7bn and Shenzhen US$6.8bn. Glory Sun saw the biggest upward...

David Blennerhassett

CNOOC (883 HK) Surprises with Special Div

CNOOC had a blowout Q1 and announced a special dividend equal to 10.9% of the share price as of today's close. The CEO has been switched out for a...

Travis Lundy

Hong Kong Connect Flows: Meituan, CNOOC, China Mobile, COLI

We highlight weekly southbound inflows into Meituan, CNOOC, China Mobile, COLI, and outflows from Tencent, China Resources Beer, and HKEX.

Ke Yan, CFA, FRM

CNOOC RMB Share Prices at Small Premium (But CNOOC Still Cheap To Peers)

CNOOC is up 40% in 6mos on some RMB Issue hopes and more oil price bullishness. Q1 results hinted on 31 March are big gains vs 2021. A Shares...

Travis Lundy