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

Zhejiang Leapmotor Technologie / Equity Capital Markets

<ul>
<li>Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015.</li>
<li>It focuses on the mid- to high-end segment in China’s NEV market with a price range of RMB150,000-300,000. As of end FY21, it had delivered a total of 52,832 cars.</li>
<li>In this note, we talk about the not so positive aspects of the deal.</li>
</ul>


Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015.
It focuses on the mid- to high-end segment in China’s NEV market with a price range of RMB150,000-300,000. As of end FY21, it had delivered a total of 52,832 cars.
In this note, we talk about the not so positive aspects of the deal.


Leapmotor Pre-IPO - The Negatives - Related Party Sanctions, Lags Peers

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctors</li><li>Southeast Asia / Southeast Asian exporters step up as China locks down</li><li>China-France / Xi, Macron discuss Ukraine war in phone conversation</li></ul>

Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctorsSoutheast Asia / Southeast Asian exporters step up as China locks downChina-France / Xi, Macron discuss Ukraine war in phone conversation

CX Daily: The Troubling Balancing Act Facing Shanghai’s ER Doctors

Research on Tech Companies

Evelyn Zhang

Thematic (Sector/Industry)

<ul>
<li>Shanghai and Jilin became the epicenter of a new wave,  supply chain of raw materials affected due to logistical strains caused by lockdown controls</li>
<li>Semiconductors and consumer electronics in short terms are controllable, thanks to the sufficient inventory but will see slowing down if lock down in Shanghai continues .</li>
<li>Automotive manufacturing and  delivery, especially electrical vehicle will be hit hard as raw material delivery tightens</li>
</ul>


Shanghai and Jilin became the epicenter of a new wave,  supply chain of raw materials affected due to logistical strains caused by lockdown controls
Semiconductors and consumer electronics in short terms are controllable, thanks to the sufficient inventory but will see slowing down if lock down in Shanghai continues .
Automotive manufacturing and  delivery, especially electrical vehicle will be hit hard as raw material delivery tightens


China Pandemic Round 2: Shanghai in Stasis

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>General Mills Inc delivered a decent result for its last quarter driven by its improved service levels.</li><li>General Mills is also seeing the impact of price elasticities on its business.</li><li>Overall, we remain optimistic about General Mills' recent growth trajectory and maintain our 'Hold' rating on its stock with a revised target price.</li></ul>

General Mills Inc delivered a decent result for its last quarter driven by its improved service levels.General Mills is also seeing the impact of price elasticities on its business.Overall, we remain optimistic about General Mills' recent growth trajectory and maintain our 'Hold' rating on its stock with a revised target price.

General Mills Inc.: Financial & Price Forecasts

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>Honda and GM announced today that they would further expand their partnership on EV technologies.</li>
<li>A new EV series will be produced for North America by 2027 and the two companies will collaborate on advanced battery technologies.</li>
<li>This is an incremental positive for Honda and GM but the array of partnerships Honda is creating points to a lack of decisiveness on its part.</li>
</ul>


Honda and GM announced today that they would further expand their partnership on EV technologies.
A new EV series will be produced for North America by 2027 and the two companies will collaborate on advanced battery technologies.
This is an incremental positive for Honda and GM but the array of partnerships Honda is creating points to a lack of decisiveness on its part.


United States

General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide.

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General Motors (GM US)

CX Daily: The Troubling Balancing Act Facing Shanghai’s ER Doctors

Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctors. Southeast Asia / Southeast Asian exporters step up as China locks down

Caixin Global

China Pandemic Round 2: Shanghai in Stasis

As Shanghai, Jilin and Guangzhou enter into lockdown, China is facing a major economic challenge, some industries are hit harder than others

Evelyn Zhang

General Mills Inc.: Financial & Price Forecasts

General Mills Inc delivered a decent result for its last quarter driven by its improved service levels. General Mills is also seeing the impact of...

Baptista Research

Honda - Expanding EV Partnership With GM

The expansion of the Honda-GM EV partnership is an incremental positive for both players but the array of partnerships Honda is creating points to...

Mio Kato

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52-week Range

Market Cap (USDm)

P/E

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Leapmotor Pre-IPO - The Negatives - Related Party Sanctions, Lags Peers

Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015. In this note, we talk...

Sumeet Singh

CX Daily: The Troubling Balancing Act Facing Shanghai’s ER Doctors

Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctors. Southeast Asia / Southeast Asian exporters step up as China locks down

Caixin Global

China Pandemic Round 2: Shanghai in Stasis

As Shanghai, Jilin and Guangzhou enter into lockdown, China is facing a major economic challenge, some industries are hit harder than others

Evelyn Zhang

General Mills Inc.: Financial & Price Forecasts

General Mills Inc delivered a decent result for its last quarter driven by its improved service levels. General Mills is also seeing the impact of...

Baptista Research

Honda - Expanding EV Partnership With GM

The expansion of the Honda-GM EV partnership is an incremental positive for both players but the array of partnerships Honda is creating points to...

Mio Kato