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

<ul>
<li>A group of shareholders aims to raise up to US$3.2bn via selling around 5% of <a href="https://www.smartkarma.com/entities/honda-motor-co-ltd" target="_blank" data-smartkarma-citation="entities:154:1" rel="noopener">Honda Motor (7267 JP).</a>
</li>
<li>The possibility of such a selldown was flagged by Reuters prior to the deal launch.</li>
<li>In our earlier note, we spoke about the deal dynamics. In this note, we talk about the updates since then.</li>
</ul>


A group of shareholders aims to raise up to US$3.2bn via selling around 5% of Honda Motor (7267 JP).

The possibility of such a selldown was flagged by Reuters prior to the deal launch.
In our earlier note, we spoke about the deal dynamics. In this note, we talk about the updates since then.


Honda Motor Placement - Past Large Deals Analysis - Could Do with a Bit More Correction

Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Thematic (Sector/Industry)

The year 2020 was a wild swing for the capital markets; it was off in a flash but still won't be forgotten by many. It was a year marked by unpredictability, right from Covid-19 to the crashing of indices. It was a challenge to many, but still the year has uncovered several new, differentiated potholes for many companies on corporate governance, accounting engineering. We have provided critical views on few of the companies on these two aspects. 
Going forward we will continue to provide critical views on the companies especially in our core area of corporate governance and forensic research. Beginning 2021, we will be covering the same through our product 'AGE Analysis' (Accounting. Governance. Earnings). We also look to enhance our reach in macro coverage, along with event driven insights.

The year 2020 was a wild swing for the capital markets; it was off in a flash but still won't be forgotten by many. It was a year marked by unpredictability, right from Covid-19 to the crashing of indices. It was a challenge to many, but still the year has uncovered several new, differentiated potholes for many companies on corporate governance, accounting engineering. We have provided critical views on few of the companies on these two aspects. 
Going forward we will continue to provide critical views on the companies especially in our core area of corporate governance and forensic research. Beginning 2021, we will be covering the same through our product 'AGE Analysis' (Accounting. Governance. Earnings). We also look to enhance our reach in macro coverage, along with event driven insights.

Equity Bottom-Up

Honda Siel Power Products / Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/honda-siel-power-products" target="_blank" data-smartkarma-citation="entities:7938:1" rel="noopener">Honda Siel Power Products (SHH IN)</a>  manufactures and markets portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, tillers, and backpack sprayers in India. Strictly speaking, the company does not have any frightening balance sheet issues; in fact what catches the eye immediately is its zero debt structure and a formidable equity to asset ratio of almost 80%.
Nevertheless, there are quite some potholes as far as operational performance is concerned, especially in the last three years. While three year revenue CAGR till 2020 was calculated at a meager 6.5%, the lockdown had a super-worrying consequence which is why revenue nearly slashed to half in Q1F21 y-o-y; alongside the decreasing operational performance in the recent years, a tornado comprising of falling margins, uncontrollable working capital and decreasing cash flows, and few other concerns also took path.

Honda Siel Power Products (SHH IN)  manufactures and markets portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, tillers, and backpack sprayers in India. Strictly speaking, the company does not have any frightening balance sheet issues; in fact what catches the eye immediately is its zero debt structure and a formidable equity to asset ratio of almost 80%.
Nevertheless, there are quite some potholes as far as operational performance is concerned, especially in the last three years. While three year revenue CAGR till 2020 was calculated at a meager 6.5%, the lockdown had a super-worrying consequence which is why revenue nearly slashed to half in Q1F21 y-o-y; alongside the decreasing operational performance in the recent years, a tornado comprising of falling margins, uncontrollable working capital and decreasing cash flows, and few other concerns also took path.

Honda India Power Products- Operational Discomfort

India

Honda Siel Power Products Limited manufactures portable generating sets, internal combustion engines, pumping sets, water pumps, and spare parts. Honda Siel Power Products is a joint venture between Honda Motor Company of Japan and Siel Limited.

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

Honda Siel Power Products (SHH IN)

Honda Motor Placement - Past Large Deals Analysis - Could Do with a Bit More Correction

A group of shareholders aims to raise up to US$3.2bn via selling around 5% of Honda Motor (7267 JP). In this note, we talk about the updates since...

Sumeet Singh

Review for the Year 2020

We review our entire cloud of insights covered in 2020, and give a snapshot of how did they pay out in the market, including future prospects.

Nitin Mangal

Honda India Power Products- Operational Discomfort

Honda India Power Products has seen falling operational prowess in the recent years. A tornado comprising of falling margins, uncontrollable...

Nitin Mangal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)