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 href="https://www.smartkarma.com/entities/pony-ai-inc" target="_blank" data-smartkarma-citation="entities:44035:1" rel="noopener">Pony AI (PONY US)</a>  an autonomous mobility solutions provider, is looking to raise up to US$300m in its US IPO. </li>
<li>As per Frost &amp; Sullivan, Pony AI was among the first companies in China to obtain licenses to operate fully driverless robotaxis in all four Tier-1 cities in China.</li>
<li>In this note, we talk about the positive aspects of the deal.</li>
</ul>



Pony AI (PONY US)  an autonomous mobility solutions provider, is looking to raise up to US$300m in its US IPO. 
As per Frost &amp; Sullivan, Pony AI was among the first companies in China to obtain licenses to operate fully driverless robotaxis in all four Tier-1 cities in China.
In this note, we talk about the positive aspects of the deal.


Pony AI Pre-IPO - The Positives - Scaling up Robotaxi & Robotrucks

China Resources Beverage / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/china-resources-beverage" target="_blank" data-smartkarma-citation="entities:41984:1" rel="noopener">China Resources Beverage (2460 HK)</a> raised around US$750m in its Hong Kong IPO, after pricing at the top-end.</li>
<li>China Resources Beverage manufactures and sells packaged drinking water and RTD soft beverages in China.</li>
<li>We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.</li>
</ul>



China Resources Beverage (2460 HK) raised around US$750m in its Hong Kong IPO, after pricing at the top-end.
China Resources Beverage manufactures and sells packaged drinking water and RTD soft beverages in China.
We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.


China Resources Beverage IPO Trading - Still a Bit of Fizz Left

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>700 HK: Tencent’s &lt;Delta Force&gt; Global Version Launch Scheduled for December 5 (+)</li>
<li>700 HK: Tencent Meeting Announces Free Meeting Time Limit Reduced to 40 Minutes (+)</li>
<li>BABA US/700 HK: New user installs reach new high in September (+/+)</li>
</ul>


700 HK: Tencent’s &lt;Delta Force&gt; Global Version Launch Scheduled for December 5 (+)
700 HK: Tencent Meeting Announces Free Meeting Time Limit Reduced to 40 Minutes (+)
BABA US/700 HK: New user installs reach new high in September (+/+)


[Blue Lotus Daily-TMT Update]:BABA US/700 HK/NTES US/JD US/PDD US/BABA US/VIPS US/1024 HK

Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Emerging Market Equities

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

Equity Bottom-Up

<ul>
<li>Despite a share price correction this month, <a href="https://www.smartkarma.com/entities/jd-com-inc" target="_blank" data-smartkarma-citation="entities:29043:1" rel="noopener">JD.com (9618 HK)</a> remains firmly amid an earnings upgrade cycle driven by improved profitability expectations.</li>
<li>Following significant share price volatility over the past 2 months, JD.com’s near-term momentum indicators currently display bullish signals.</li>
<li>JD.com still trades at more than one standard deviation below its 5-year historic average forward PE ratio, and near the lowest level it has ever been.</li>
</ul>


Despite a share price correction this month, JD.com (9618 HK) remains firmly amid an earnings upgrade cycle driven by improved profitability expectations.
Following significant share price volatility over the past 2 months, JD.com’s near-term momentum indicators currently display bullish signals.
JD.com still trades at more than one standard deviation below its 5-year historic average forward PE ratio, and near the lowest level it has ever been.


JD.com (9618-HK): Positive Technical Analysis Signals

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

Alibaba Group Holding  / Equity Bottom-Up

<ul>
<li>Alibaba is selling Sun Art, a listed supermarket subsidiary, as Sun Art’s revenue is shrinking.</li>
<li>Alibaba gained 6 million new retailers on its Taobao Tmall platform year to date.</li>
<li>In September Tesla’s sales volume increased by 66% YoY and all major Chinese NEV grew strongly.</li>
</ul>


Alibaba is selling Sun Art, a listed supermarket subsidiary, as Sun Art’s revenue is shrinking.
Alibaba gained 6 million new retailers on its Taobao Tmall platform year to date.
In September Tesla’s sales volume increased by 66% YoY and all major Chinese NEV grew strongly.


China Consumption Weekly (21 Oct 2024): Sun Art, Alibaba, Tesla, JD.com

China

JD.com, Inc. is an online direct sales company in China. The Company offers a wide selection of products through its website and mobile applications. JD.com sells appliances, computers, digital products, communication products, garments, books, and household items to consumers and vendors.

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

JD.com (9618 HK)

Pony AI Pre-IPO - The Positives - Scaling up Robotaxi & Robotrucks

Pony AI (PONY US) an autonomous mobility solutions provider, is looking to raise up to US$300m in its US IPO. In this note, we talk about the...

Sumeet Singh

China Resources Beverage IPO Trading - Still a Bit of Fizz Left

China Resources Beverage (2460 HK) raised around US$750m in its Hong Kong IPO, after pricing at the top-end. In this note, we talk about the...

Sumeet Singh

[Blue Lotus Daily-TMT Update]:BABA US/700 HK/NTES US/JD US/PDD US/BABA US/VIPS US/1024 HK

Tencent's global launch of set for December 5, free meeting time limit reduced to 40 minutes, and Alibaba's new user installs hit record high in...

Blue Lotus Research Institute

JD.com (9618-HK): Positive Technical Analysis Signals

In this insight, we perform a technical analysis of JD.com by looking at earnings forecast revision trends, momentum indicators, and current...

Wium Malan, CFA

China Consumption Weekly (21 Oct 2024): Sun Art, Alibaba, Tesla, JD.com

Alibaba is selling Sun Art, a listed supermarket subsidiary. Alibaba gained 6 million new retailers on its Taobao Tmall platform year to date. In...

Ming Lu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pony AI Pre-IPO - The Positives - Scaling up Robotaxi & Robotrucks

Pony AI (PONY US) an autonomous mobility solutions provider, is looking to raise up to US$300m in its US IPO. In this note, we talk about the...

Sumeet Singh

China Resources Beverage IPO Trading - Still a Bit of Fizz Left

China Resources Beverage (2460 HK) raised around US$750m in its Hong Kong IPO, after pricing at the top-end. In this note, we talk about the...

Sumeet Singh

[Blue Lotus Daily-TMT Update]:BABA US/700 HK/NTES US/JD US/PDD US/BABA US/VIPS US/1024 HK

​Tencent's global launch of set for December 5, free meeting time limit reduced to 40 minutes, and Alibaba's new user installs hit record high in...

Blue Lotus Research Institute

JD.com (9618-HK): Positive Technical Analysis Signals

In this insight, we perform a technical analysis of JD.com by looking at earnings forecast revision trends, momentum indicators, and current...

Wium Malan, CFA

China Consumption Weekly (21 Oct 2024): Sun Art, Alibaba, Tesla, JD.com

Alibaba is selling Sun Art, a listed supermarket subsidiary. Alibaba gained 6 million new retailers on its Taobao Tmall platform year to date. In...

Ming Lu

Tencent's global launch of set for December 5, free meeting time limit reduced to 40 minutes, and Alibaba's new user installs hit record high in...