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

<a href="https://www.smartkarma.com/entities/napier-port-holdings-ltd" target="_blank" data-smartkarma-citation="entities:28222:1" rel="noopener">Napier Port (NPH NZ)</a> (NPH) plans to raise up to US$160m in its New Zealand IPO. The company operates the fourth largest port in New Zealand. 
In my previous insight, <a href="https://www.smartkarma.com/insights/napier-port-holdings-ipo-steady-operations-with-growth-driven-by-forestry-linked-products" target="_blank" rel="noopener">Napier Port Holdings IPO - Steady Operations with Growth Driven by Forestry Linked Products</a>, I had looked at the company's operations and its forecast earnings.
In this insight, I'll run the deal through our IPO framework, do a quick peer comparison and talk about valuations.

Napier Port (NPH NZ) (NPH) plans to raise up to US$160m in its New Zealand IPO. The company operates the fourth largest port in New Zealand. 
In my previous insight, Napier Port Holdings IPO - Steady Operations with Growth Driven by Forestry Linked Products, I had looked at the company's operations and its forecast earnings.
In this insight, I'll run the deal through our IPO framework, do a quick peer comparison and talk about valuations.

Napier Port IPO - Valuations, Can't Say No at the Low-End

<a href="https://www.smartkarma.com/entities/napier-port-holdings-ltd" target="_blank" data-smartkarma-citation="entities:28222:1" rel="noopener">Napier Port (NPH NZ)</a> (NPH) plans to raise up to US$160m in its New Zealand IPO. The company operates the fourth largest port in New Zealand. 
NPH has been reporting mid-single digit throughput and high-single digit revenue growth over the past few years. Of late bulk of growth has been driven by an increase in export of forestry linked products on the back of increased availability.
As per the company's own forecast, forestry volumes might begin to flatline soon which would lead to slower growth in the near term and any decline over the longer term would have an adverse impact on the company.

Napier Port (NPH NZ) (NPH) plans to raise up to US$160m in its New Zealand IPO. The company operates the fourth largest port in New Zealand. 
NPH has been reporting mid-single digit throughput and high-single digit revenue growth over the past few years. Of late bulk of growth has been driven by an increase in export of forestry linked products on the back of increased availability.
As per the company's own forecast, forestry volumes might begin to flatline soon which would lead to slower growth in the near term and any decline over the longer term would have an adverse impact on the company.

Napier Port Holdings IPO - Steady Operations with Growth Driven by Forestry Linked Products

New Zealand

Marsden Maritime Holdings Limited operates a marina port in New Zealand where the Company provides cargo handling, marine salvage, storage and port operation services.  The Company owns a fleet of tug vessels for the provision of towage and handling charter services.

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Marsden Maritime (MMH NZ)

Napier Port IPO - Valuations, Can't Say No at the Low-End

Napier Port (NPH NZ) (NPH) plans to raise up to US$160m in its New Zealand IPO. The company operates the fourth largest port in New Zealand. In my...

Sumeet Singh

Napier Port Holdings IPO - Steady Operations with Growth Driven by Forestry Linked Products

Napier Port (NPH NZ) (NPH) plans to raise up to US$160m in its New Zealand IPO. The company operates the fourth largest port in New Zealand. NPH...

Sumeet Singh

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52-week Range

Market Cap (USDm)

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