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 analyzed the changes in short interest of Bursa stocks as of Dec 12th. The aggregated short interest is USD460m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in CIMB, Public Bank, Gamuda, Datasonic, Guan Chong.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Dec 12th. The aggregated short interest is USD460m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in CIMB, Public Bank, Gamuda, Datasonic, Guan Chong.


Bursa Short Interest Weekly (Dec 12th): CIMB, Public Bank, Gamuda, Datasonic, Guan Chong

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Sep 19th. The aggregated short interest is USD377m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Sep 19th. The aggregated short interest is USD377m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia.


Bursa Short Interest Weekly (Sep 19th): CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Jul 25th. The aggregated short interest is USD397m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jul 25th. The aggregated short interest is USD397m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak.


Bursa Short Interest Weekly (Jul 25th): Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak

External broker reports(aggregated public sources), JF Apex Securities Berhad

JF Apex Securities Bhd

External broker reports(aggregated public sources)

Equity Bottom-Up

<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

On track to meet sales and earnings targets

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Zhuhai Holdings Investment / Event-Driven

<p>Back on the 22 January, <a href="https://www.smartkarma.com/entities/zhuhai-holdings-investment-group-ltd" target="_blank" data-smartkarma-citation="entities:17863:1" rel="noopener">Zhuhai Holdings Investment (908 HK)</a> <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0122/2021012201252.pdf" target="_blank" rel="noopener">announced</a> a pre-conditional privatisation by way of a Scheme from Zhuhai SASAC's Longway Services Group<strong>.</strong></p>
<p>The Offer price was HK$3.06/share, a 37.84% premium to last close, a 52.39% premium to the average closing price over the previous 30 trading days, and a lifetime high. The Offer price will not be increased. No dividend is expected to be declared during the Offer period. </p>
<div>
<p>Pre-conditions from NDRC, MoC, and SAFE were satisfied by the <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0322/2021032200507.pdf" target="_blank" rel="noopener">22 March</a>. </p>
</div>
<div>The <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0420/2021042001483.pdf" target="_blank" rel="noopener">Scheme Document</a> is now out, with the Court Meeting/SGM will be held on the 18 May. The IFA says fair &amp; reasonable.</div>
<div></div>
<div>
<p>As always, more below the fold. </p>
</div>

Back on the 22 January, Zhuhai Holdings Investment (908 HK) announced a pre-conditional privatisation by way of a Scheme from Zhuhai SASAC's Longway Services Group.
The Offer price was HK$3.06/share, a 37.84% premium to last close, a 52.39% premium to the average closing price over the previous 30 trading days, and a lifetime high. The Offer price will not be increased. No dividend is expected to be declared during the Offer period. 

Pre-conditions from NDRC, MoC, and SAFE were satisfied by the 22 March. 

The Scheme Document is now out, with the Court Meeting/SGM will be held on the 18 May. The IFA says fair &amp; reasonable.


As always, more below the fold. 


Zhuhai Holdings (908 HK): SGM On The 18 May

Malaysia

LBS Bina Group Berhad is a management and investment holding company.  The Company, through its subsidiaries, operates property development and investment. LBS also provides project management and contractor services for property development, turf and landscaping contracting, insurance services, sells motor vehicles, and trades building materials.

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LBS Bina Group (LBS MK)

Bursa Short Interest Weekly (Dec 12th): CIMB, Public Bank, Gamuda, Datasonic, Guan Chong

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in CIMB, Public Bank, Gamuda, Datasonic,...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Sep 19th): CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in CIMB, Gamuda, Sime Darby, VS Industry,...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Jul 25th): Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Supermax, PPB, Sunway Construction,...

Ke Yan, CFA, FRM

On track to meet sales and earnings targets

Buy Lbs Bina Group Berhad: On track to meet sales and earnings targets. - By: JF Apex Securities Bhd

JF Apex Securities Bhd

Zhuhai Holdings (908 HK): SGM On The 18 May

A solid premium to last close and a life-time high. The revised NAV was to be expected. I don't see that uplift in the NAV as a basis for...

David Blennerhassett

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