APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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<p><em>The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs.</em></p><div class="content-highlight"><p>This week, <a href="https://www.smartkarma.com/entities/24255" target="_blank" data-smartkarma-citation="entities:24255:1">Studio Dragon Corp (253450 KS)</a>  stole the limelight in a fairly quiet market. The company made an epic debut, moving 100% above IPO price. Kudos to our Korean analysts, <a href="https://www.smartkarma.com/profiles/354" target="_blank" data-smartkarma-citation="accounts:354">Sanghyun Park</a> and <a href="https://www.smartkarma.com/profiles/342" target="_blank" data-smartkarma-citation="accounts:342">Douglas Kim</a> , who have both been bullish on the IPO. For those who wish to see it in a more visualized manner, we have created <a href="https://www.smartkarma.com/tools/ipos/454" target="_blank">Studio Dragon's IPO framework</a> based on Sanghyun and Douglas' analysis.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/039/104/original/framework.PNG?1511512244" class="editor-image img-responsive" data-smartkarma-image-id="39104"></figure><p>However, in the US, recent Chinese micro-financing / lending IPOs continue to be an absolute disaster. We can't reiterate how right <a href="https://www.smartkarma.com/companies/742" target="_blank" data-smartkarma-citation="companies:742">JL Warren Capital</a> has been with their analysis of the Chinese regulatory landscape, <a href="https://www.smartkarma.com/insights/ipo-coverage-ppdai-group-inc-nyse-ppdf-achilles-heel-of-p2p-lending" target="_blank" data-smartkarma-citation="insights:15023">IPO Coverage - PPDAI Group Inc (NYSE: PPDF) - Achilles’ Heel of P2P Lending</a> .</p><p>In Hong Kong, we are hearing that <a href="https://www.smartkarma.com/entities/26061" target="_blank" data-smartkarma-citation="entities:26061:1">COFCO Womai Ltd (1556961D HK)</a> and <a href="https://www.smartkarma.com/entities/26062" target="_blank" data-smartkarma-citation="entities:26062:1">Nissin Foods Holdings Co Ltd (0779751D HK)</a> are in their pre-marketing phase while <a href="https://www.smartkarma.com/entities/23669" target="_blank" data-smartkarma-citation="entities:23669:1">AK Medical Holdings (AAK HK)</a> just received approval from HKEX on 19th November.</p><p><a href="https://www.smartkarma.com/entities/26068" target="_blank" data-smartkarma-citation="entities:26068:1">New Energy Solar Ltd (NEW AU)</a> will be opening next Monday on 27th November and closing swiftly the next day, 28th November.</p><p><strong><em>Pipeline IPOs for next week: COFCO Womai (<a href="https://www.smartkarma.com/profiles/9" target="_blank" data-smartkarma-citation="accounts:9">Ke Yan, CFA, FRM</a> ), Future Supply Chain Solutions (<a href="https://www.smartkarma.com/profiles/4" target="_blank" data-smartkarma-citation="accounts:4">Sumeet Singh</a> ), New Energy Solar (<a href="https://www.smartkarma.com/profiles/673" target="_blank" data-smartkarma-citation="accounts:673">Toh Zhen Zhou</a> )</em></strong></p></div><h2>Accuracy Rate:</h2><p>Our overall accuracy rate is<strong> 72.5% for IPOs </strong>and <strong>63.5% for Placements.</strong></p><p><em>(Performance measurement criteria is explained at the end of the note)</em></p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/039/100/original/Total-Deals-Since-Inception-Accuracy-Rate-Since-Inception-_chartbuilder.png?1511509987" class="editor-image img-responsive" data-smartkarma-image-id="39100"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/039/101/original/2017-Total-Deals-2017-Accuracy-Rate-_chartbuilder.png?1511510002" class="editor-image img-responsive" data-smartkarma-image-id="39101"></figure><h2><strong>No new IPO filings this week.<br><br></strong></h2><p>Below is a snippet of our IPO tool on upcoming events for the next week. Our IPO tool is designed to provide readers with timely information on all IPO related events (Book open/closing, listing, initiation, lock-up expiry, etc) for all the deals that we have worked on. You can access the tool <a href="https://www.smartkarma.com/tools/ipos" target="_blank">here </a>or through the tools menu.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/039/102/original/IPO.PNG?1511510151" class="editor-image img-responsive" data-smartkarma-image-id="39102"></figure><div class="content-caption">Source: Smartkarma</div><h2><strong>News on Upcoming IPOs<br><br></strong></h2><ul><li><a href="http://www.thestandard.com.hk/section-news.php?id=189928&amp;sid=2" target="_blank">Nissin foods line up major investors</a></li><li><a href="http://www.globalcapital.com/article/b15prd4s77xhh2/cofco-womai-hebei-construction-market-hk-ipos" target="_blank">COFCO Womai, Hebei Construction Group market HK IPOs</a></li><li><a href="https://www.reuters.com/article/gulf-energy-ipo/update-2-gulf-energy-raises-733-mln-biggest-thai-corporate-ipo-in-over-a-decade-idUSL3N1NS1KD" target="_blank">Gulf Energy raises $733 mln, biggest Thai corporate IPO in over a decade</a></li></ul><h2><strong>Smartkarma Community's Analyses on Upcoming IPOs<br></strong></h2><ul><li><a href="https://www.smartkarma.com/insights/jin-air-ipo-part-2-unattractive-valuations-and-greater-competitive-pressures" target="_blank" data-smartkarma-citation="insights:15566">Jin Air IPO (Part 2) - Unattractive Valuations and Greater Competitive Pressures</a></li><li><a href="https://www.smartkarma.com/insights/jin-air-ipo-issue-check-intragroup-deal-cost-involving-korean-air" target="_blank" data-smartkarma-citation="insights:15492">Jin Air IPO Issue Check - Intragroup Deal Cost Involving Korean Air</a></li><li><a href="https://www.smartkarma.com/insights/mecaro-ipo-part-2-valuation-study" target="_blank" data-smartkarma-citation="insights:15455">Mecaro IPO Part 2 - Valuation Study</a></li><li><a href="https://www.smartkarma.com/insights/dong-yang-piston-ipo-summary-solid-but-not-so-exciting-engine-piston-maker" target="_blank" data-smartkarma-citation="insights:15558">Dong Yang Piston IPO Summary - Solid but Not So Exciting Engine Piston Maker</a></li><li><a href="https://www.smartkarma.com/insights/lexinfintech-ipo-preview-the-worst-of-the-bunch" target="_blank" data-smartkarma-citation="insights:15456">LexinFintech IPO Preview: The Worst of the Bunch</a></li></ul><div><h2>List of pre-IPO Coverage on Smartkarma</h2></div><div><table class="table table-striped"><tbody><tr><td>Name</td><td>Insight</td></tr><tr><td colspan="2"><strong>Hong Kong</strong></td></tr><tr><td>Cenmintang</td><td><a href="https://www.smartkarma.com/insights/cenmintang-ipo-preview-a-beverage-and-snack-play-whose-growth-is-hard-to-grasp" target="_blank" data-smartkarma-citation="insights:9282">Cenmintang IPO Preview: A Beverage and Snack Play Whose Growth Is Hard to Grasp</a></td></tr><tr><td>China Edu Grp</td><td><a href="https://www.smartkarma.com/insights/china-education-group-ipo-preview-the-story-of-1-shared-history-2-founders-3-schools" target="_blank" data-smartkarma-citation="insights:14499">China Education Group IPO Preview: The Story of 1 Shared History, 2 Founders, &amp; 3 Schools</a></td></tr><tr><td>China Feihe</td><td><a href="https://www.smartkarma.com/insights/china-feihe-ipo-preview-goat-bless-infant-formula-milk" target="_blank" data-smartkarma-citation="insights:12751">China Feihe IPO Preview: Goat Bless Infant Formula Milk?</a></td></tr><tr><td>Bank of Jiujiang</td><td><a href="https://www.smartkarma.com/insights/scraping-the-bottom-of-the-barrel-bank-of-jiujiang" target="_blank">Scraping the Bottom of the Barrel: Bank of JiuJiang</a></td></tr><tr><td>Shandong Int'l Trust</td><td><a href="https://www.smartkarma.com/insights/shandong-international-trust-pre-ipo-faltering-growth-and-profitability-despite-aid-from-prop-book" target="_blank">Shandong Int'l Trust Pre-IPO - Faltering Growth and Profitability Despite Aid from Prop Book</a></td></tr><tr><td colspan="2"><strong>South Korea</strong></td></tr><tr><td>Bodyfriend</td><td><a href="https://www.smartkarma.com/insights/bodyfriend-ipo-preview-part-i-goodbye-osim-hello-bodyfriend" target="_blank">Bodyfriend IPO Preview: Part I (Goodbye Osim, Hello Bodyfriend) Bodyfriend) </a></td></tr><tr><td>CJ OliveNetworks</td><td><a href="https://www.smartkarma.com/insights/cj-olivenetworks-on-a-fast-track-to-an-ipo-in-2017" target="_blank">CJ OliveNetworks - On A Fast Track to an IPO in 2017? </a></td></tr><tr><td>Cafe24</td><td><a href="https://www.smartkarma.com/insights/cafe-24-ipo-preview-part-1-korea-s-shopify-leading-contender-for-tesla-requirements-based-ipo" target="_blank" data-smartkarma-citation="insights:13665">Cafe 24 IPO Preview (Part 1): Korea’s Shopify - Leading Contender For “Tesla” Requirements Based IPO</a></td></tr><tr><td>Data Solution</td><td><a href="https://www.smartkarma.com/insights/datasolution-ipo-summary-questions-remain-on-growth-but-market-seems-excited" target="_blank" data-smartkarma-citation="insights:12519">Datasolution IPO Summary - Questions Remain on Growth, but Market Seems Excited</a></td></tr><tr><td>Gentle Monster</td><td><a href="https://www.smartkarma.com/insights/gentle-monster-ipo-a-monster-growth" target="_blank" data-smartkarma-citation="insights:8630">Gentle Monster IPO - A Monster Growth</a></td></tr><tr><td>Korea Exchange</td><td><a href="https://www.smartkarma.com/insights/korea-exchange-ipo-question-is-when-not-if" target="_blank">Korea Exchange IPO - Question Is When, Not If</a></td></tr><tr><td>Mecaro</td><td><a href="https://www.smartkarma.com/insights/mecaro-ipo-part-1-ipo-prospectus-summary" target="_blank" data-smartkarma-citation="insights:14767">Mecaro IPO Part 1 - IPO Prospectus Summary</a></td></tr><tr><td>Outin Futures</td><td><a href="https://www.smartkarma.com/insights/outin-futures-corp-ipo-preview-part-1" target="_blank" data-smartkarma-citation="insights:11212">Outin Futures Corp IPO Preview (Part 1)</a>,  <a href="https://www.smartkarma.com/insights/outin-futures-corp-ipo-valuations-part-2" target="_blank" data-smartkarma-citation="insights:11736">Valuations (Part 2)</a></td></tr><tr><td>Tapex</td><td><a href="https://www.smartkarma.com/insights/tapex-ipo-preview-part-1" target="_blank" data-smartkarma-citation="insights:13543">Tapex IPO Preview (Part 1)</a></td></tr><tr><td>Tapex</td><td><a href="https://www.smartkarma.com/insights/tapex-ipo-valuation-analysis-a-market-leader-in-rechargeable-batteries-tapes" target="_blank" data-smartkarma-citation="insights:14486">Tapex IPO (Valuation Analysis) - A Market Leader in Rechargeable Batteries Tapes</a></td></tr><tr><td>Woowa Bro</td><td><a href="https://www.smartkarma.com/insights/woowa-brothers-corp-ipo-preview-part-1-the-most-popular-food-delivery-service-in-korea" target="_blank" data-smartkarma-citation="insights:11104">Woowa Brothers Corp IPO Preview (Part 1) - The Most Popular Food Delivery Service in Korea</a></td></tr><tr><td>V-One Tech</td><td><a href="https://www.smartkarma.com/insights/v-one-tech-ipo-summary-another-oled-stock-ipo" target="_blank" data-smartkarma-citation="insights:11689">V-One Tech IPO Summary - Another OLED Stock IPO</a>,  <a href="https://www.smartkarma.com/insights/v-one-tech-ipo-part-2-ipo-bookbuilding-results" target="_blank" data-smartkarma-citation="insights:11806">IPO Bookbuilding Results</a></td></tr><tr><td>Zinus</td><td><a href="https://www.smartkarma.com/insights/zinus-ipo-preview-part-1-an-amazing-comeback-story-1-mattress-brand-on-amazon" target="_blank" data-smartkarma-citation="insights:13698">Zinus IPO Preview (Part 1) - An Amazing Comeback Story (#1 Mattress Brand on Amazon)</a></td></tr><tr><td colspan="2"><strong>India</strong></td></tr><tr><td>NSE</td><td><a href="https://www.smartkarma.com/insights/national-stock-exchange-pre-ipo-review-bigger-better-stronger-but-a-little-too-fast-for-some" target="_blank">National Stock Exchange Pre-IPO Review - Bigger, Better, Stronger but a Little Too Fast for Some</a></td></tr><tr><td>NSE</td><td><a href="https://www.smartkarma.com/insights/nse-ipo-preview-not-only-fast-its-risky-and-expensive" target="_blank">NSE IPO Preview- Not Only Fast..its Risky and Expensive</a></td></tr></tbody></table></div>

The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs.This week, Studio Dragon Corp (253450 KS)  stole the limelight in a fairly quiet market. The company made an epic debut, moving 100% above IPO price. Kudos to our Korean analysts, Sanghyun Park and Douglas Kim , who have both been bullish on the IPO. For those who wish to see it in a more visualized manner, we have created Studio Dragon's IPO framework based on Sanghyun and Douglas' analysis.However, in the US, recent Chinese micro-financing / lending IPOs continue to be an absolute disaster. We can't reiterate how right JL Warren Capital has been with their analysis of the Chinese regulatory landscape, IPO Coverage - PPDAI Group Inc (NYSE: PPDF) - Achilles’ Heel of P2P Lending .In Hong Kong, we are hearing that COFCO Womai Ltd (1556961D HK) and Nissin Foods Holdings Co Ltd (0779751D HK) are in their pre-marketing phase while AK Medical Holdings (AAK HK) just received approval from HKEX on 19th November.New Energy Solar Ltd (NEW AU) will be opening next Monday on 27th November and closing swiftly the next day, 28th November.Pipeline IPOs for next week: COFCO Womai (Ke Yan, CFA, FRM ), Future Supply Chain Solutions (Sumeet Singh ), New Energy Solar (Toh Zhen Zhou )Accuracy Rate:Our overall accuracy rate is 72.5% for IPOs and 63.5% for Placements.(Performance measurement criteria is explained at the end of the note)No new IPO filings this week.  Below is a snippet of our IPO tool on upcoming events for the next week. Our IPO tool is designed to provide readers with timely information on all IPO related events (Book open/closing, listing, initiation, lock-up expiry, etc) for all the deals that we have worked on. You can access the tool here or through the tools menu.Source: SmartkarmaNews on Upcoming IPOs  Nissin foods line up major investorsCOFCO Womai, Hebei Construction Group market HK IPOsGulf Energy raises $733 mln, biggest Thai corporate IPO in over a decadeSmartkarma Community's Analyses on Upcoming IPOs Jin Air IPO (Part 2) - Unattractive Valuations and Greater Competitive PressuresJin Air IPO Issue Check - Intragroup Deal Cost Involving Korean AirMecaro IPO Part 2 - Valuation StudyDong Yang Piston IPO Summary - Solid but Not So Exciting Engine Piston MakerLexinFintech IPO Preview: The Worst of the BunchList of pre-IPO Coverage on SmartkarmaNameInsightHong KongCenmintangCenmintang IPO Preview: A Beverage and Snack Play Whose Growth Is Hard to GraspChina Edu GrpChina Education Group IPO Preview: The Story of 1 Shared History, 2 Founders, &amp; 3 SchoolsChina FeiheChina Feihe IPO Preview: Goat Bless Infant Formula Milk?Bank of JiujiangScraping the Bottom of the Barrel: Bank of JiuJiangShandong Int'l TrustShandong Int'l Trust Pre-IPO - Faltering Growth and Profitability Despite Aid from Prop BookSouth KoreaBodyfriendBodyfriend IPO Preview: Part I (Goodbye Osim, Hello Bodyfriend) Bodyfriend) CJ OliveNetworksCJ OliveNetworks - On A Fast Track to an IPO in 2017? Cafe24Cafe 24 IPO Preview (Part 1): Korea’s Shopify - Leading Contender For “Tesla” Requirements Based IPOData SolutionDatasolution IPO Summary - Questions Remain on Growth, but Market Seems ExcitedGentle MonsterGentle Monster IPO - A Monster GrowthKorea ExchangeKorea Exchange IPO - Question Is When, Not IfMecaroMecaro IPO Part 1 - IPO Prospectus SummaryOutin FuturesOutin Futures Corp IPO Preview (Part 1),  Valuations (Part 2)TapexTapex IPO Preview (Part 1)TapexTapex IPO (Valuation Analysis) - A Market Leader in Rechargeable Batteries TapesWoowa BroWoowa Brothers Corp IPO Preview (Part 1) - The Most Popular Food Delivery Service in KoreaV-One TechV-One Tech IPO Summary - Another OLED Stock IPO,  IPO Bookbuilding ResultsZinusZinus IPO Preview (Part 1) - An Amazing Comeback Story (#1 Mattress Brand on Amazon)IndiaNSENational Stock Exchange Pre-IPO Review - Bigger, Better, Stronger but a Little Too Fast for SomeNSENSE IPO Preview- Not Only Fast..its Risky and Expensive

Smartkarma: ECM Coverage Weekly Update (24 November 2017)

Australia

New Energy Solar Limited operates as an renewable energy development company. The Company acquires and develops solar and renewable energy sectors. New Energy Solar also renders in wind, geothermal, hydro-electricity, and hybrid solutions. New Energy Solar serves customers in Australia and the United States.

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New Energy Solar (NEW AU)

Smartkarma: ECM Coverage Weekly Update (24 November 2017)

The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs. This week, Studio...

Zhen Zhou, Toh

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