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) raised around US$544m 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 allocation results and trading dynamics.</li>
</ul>


JL Mag Rare-earth Co. Ltd (JLM) raised around US$544m 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 allocation results and trading dynamics.


JL Mag Rare Earth A/H Trading - Set for a Tepid Debut

<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

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jl-mag-rare-earth-co-ltd" target="_blank" data-smartkarma-citation="entities:28098:1" rel="noopener">JL Mag Rare-Earth Co Ltd (300748 CH)</a> is a leading producer of high-performance rare earth permanent magnets. It has launched an H-Share listing to raise $570 million at the mid-point. </li>
<li>In <a href="https://www.smartkarma.com/insights/jl-mag-rare-earth-secondary-listing-magnetic-moments" target="_blank" data-smartkarma-citation="insights:62262" rel="noopener">JL Mag Rare-Earth Secondary Listing: Magnetic Moments</a>, we stated that it has attractive fundamentals and the secondary listing is worth a closer look. </li>
<li>Our valuation analysis suggests that the H-Share price range is fair. Pricing is expected on 17 January with an H-Share listing on 14 January.</li>
</ul>



JL Mag Rare-Earth Co Ltd (300748 CH) is a leading producer of high-performance rare earth permanent magnets. It has launched an H-Share listing to raise $570 million at the mid-point. 
In JL Mag Rare-Earth Secondary Listing: Magnetic Moments, we stated that it has attractive fundamentals and the secondary listing is worth a closer look. 
Our valuation analysis suggests that the H-Share price range is fair. Pricing is expected on 17 January with an H-Share listing on 14 January.


JL Mag Rare-Earth H-Share Listing: Valuation Insights

<ul>
<li>JL Mag Rare-earth Co. Ltd (JLM) aims to raise around US$300m 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 company’s past performance, and try to gauge a suitable A/H premium.</li>
</ul>


JL Mag Rare-earth Co. Ltd (JLM) aims to raise around US$300m 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 company’s past performance, and try to gauge a suitable A/H premium.


JL Mag Rare-Earth A/H Listing - Ticks the Right EV and Clean Energy Boxes, Thoughts on Valuation

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jl-mag-rare-earth-co-ltd" target="_blank" data-smartkarma-citation="entities:28098:1" rel="noopener">JL Mag Rare-Earth Co Ltd (300748 CH)</a> is a leading producer of high-performance rare earth permanent magnets. It is pre-marketing an H Share listing to raise $500 million.  </li>
<li>JL Mag Rare-Earth is a play on the global trends of carbon emission reduction. It is delivering high growth with a good margin profile. </li>
<li>JL Mag Rare-Earth has attractive fundamentals and we believe the secondary listing is worth a closer look. </li>
</ul>



JL Mag Rare-Earth Co Ltd (300748 CH) is a leading producer of high-performance rare earth permanent magnets. It is pre-marketing an H Share listing to raise $500 million.  
JL Mag Rare-Earth is a play on the global trends of carbon emission reduction. It is delivering high growth with a good margin profile. 
JL Mag Rare-Earth has attractive fundamentals and we believe the secondary listing is worth a closer look. 


JL Mag Rare-Earth Secondary Listing: Magnetic Moments

China

China Northern Rare Earth Group High-Tech Co. Ltd. is the consolidation of mining, smelting, separation and utilization companies in the northern region of Inner Mongolia.

China Northern Rare Earth Group High-Tech (600111 CH)

China Northern Rare Earth Group High-Tech

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China Northern Rare Earth Group High-Tech (600111 CH)

JL Mag Rare Earth A/H Trading - Set for a Tepid Debut

JL Mag Rare-earth Co. Ltd (JLM) raised around US$544m via its H-shares listing. In this note, we talk about the trading dynamics.

Sumeet Singh

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

JL Mag Rare-Earth A/H Listing - Ticks the Right EV and Clean Energy Boxes, Thoughts on Valuation

JL Mag Rare-earth Co. Ltd (JLM) aims to raise around US$300m via its H-shares listing. In this note, we look at the deal dynamics and provide our...

Sumeet Singh

JL Mag Rare-Earth Secondary Listing: Magnetic Moments

JL Mag Rare-Earth is pre-marketing an H Share listing to raise $500 million. JL Mag Rare-Earth has attractive fundamentals and we believe the...

Arun George

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

JL Mag Rare Earth A/H Trading - Set for a Tepid Debut

JL Mag Rare-earth Co. Ltd (JLM) raised around US$544m via its H-shares listing. In this note, we talk about the trading dynamics.

Sumeet Singh

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

JL Mag Rare-Earth H-Share Listing: Valuation Insights

It has launched an H-Share listing to raise $570 million at the mid-point of the H-Share price range. Our valuation analysis suggests that the H...

Arun George

JL Mag Rare-Earth A/H Listing - Ticks the Right EV and Clean Energy Boxes, Thoughts on Valuation

JL Mag Rare-earth Co. Ltd (JLM) aims to raise around US$300m via its H-shares listing. In this note, we look at the deal dynamics and provide our...

Sumeet Singh

JL Mag Rare-Earth Secondary Listing: Magnetic Moments

JL Mag Rare-Earth is pre-marketing an H Share listing to raise $500 million. JL Mag Rare-Earth has attractive fundamentals and we believe the...

Arun George

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