APAC IPOs & Placements

Zhen Zhou, Toh

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

Shimao Property Holdings / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/shimao-property-holdings-limited" target="_blank" data-smartkarma-citation="entities:8375:1" rel="noopener">Shimao Property Holdings (813 HK)</a> is looking to raise US$489m in its top-up placement. Proceeds will be used for general corporate purposes. Overall, the deal scores positively on our framework owing to strong earnings and price momentum but weighed down by its expensive valuation relative to peers and the large deal size, representing about 29 days of ADV.

Shimao Property Holdings (813 HK) is looking to raise US$489m in its top-up placement. Proceeds will be used for general corporate purposes. Overall, the deal scores positively on our framework owing to strong earnings and price momentum but weighed down by its expensive valuation relative to peers and the large deal size, representing about 29 days of ADV. 

Shimao (世茂房地产) Placement -  Another Opportunistic Offering but Momentum Bodes Well

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-7540'>Panda Green</a></li><li><a href='#lucror-entity-7845'>Road King Infrastructure</a></li><li><a href='#lucror-entity-14882'>Seazen (Formerly Future Land)</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Panda GreenRoad King InfrastructureSeazen (Formerly Future Land)

Morning Views Asia: Panda Green, Road King Infrastructure, Seazen (Formerly Future Land)

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-20844'>Medco Energi</a></li><li><a href='#lucror-entity-14882'>Seazen (Formerly Future Land)</a></li><li><a href='#lucror-entity-216'>Tata Motors Ltd</a></li><li><a href='#lucror-entity-3537'>Tower Bersama Infrastructure</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Medco EnergiSeazen (Formerly Future Land)Tata Motors LtdTower Bersama Infrastructure

Morning Views Asia: Medco Energi, Seazen (Formerly Future Land), Tata Motors Ltd

Seazen (Formerly Future Land) / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/seazen" target="_blank" data-smartkarma-citation="entities:14882:1" rel="noopener">Seazen (Formerly Future Land) (1030 HK)</a> is looking to raise US$300m in its placement. Overall, deal dynamics seemed favorable as its previous deal in 2018 did well over one-week and one-month period. It also scored well on our framework owinng to strong price momentum and stellar track record, but dragged down by its relatively higher leverage and expensive valuation.

Seazen (Formerly Future Land) (1030 HK) is looking to raise US$300m in its placement. Overall, deal dynamics seemed favorable as its previous deal in 2018 did well over one-week and one-month period. It also scored well on our framework owinng to strong price momentum and stellar track record, but dragged down by its relatively higher leverage and expensive valuation.

Seazen (新城控股) Placement - An Opportunistic Raise Little Impact on Leverage

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.<ul><li><a href='#lucror-entity-8108'>Hopson Development</a></li><li><a href='#lucror-entity-20844'>Medco Energi Internasional T</a></li><li><a href='#lucror-entity-14882'>Seazen (Formerly Future Land)</a></li></ul>

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.Hopson DevelopmentMedco Energi Internasional TSeazen (Formerly Future Land)

Morning Views Asia: Hopson Development, Medco Energi Internasional T, Seazen (Formerly Future Land)

China

Seazen is a property developer in the Yangtze River Delta, focusing primarily on the development of residential properties and mixed-use complex projects.

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Seazen (Formerly Future Land) (1030 HK)

Shimao (世茂房地产) Placement - Another Opportunistic Offering but Momentum Bodes Well

Shimao Property Holdings (813 HK) is looking to raise US$489m in its top-up placement. Proceeds will be used for general corporate...

Zhen Zhou, Toh

Morning Views Asia: Panda Green, Road King Infrastructure, Seazen (Formerly Future Land)

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Morning Views Asia: Medco Energi, Seazen (Formerly Future Land), Tata Motors Ltd

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Seazen (新城控股) Placement - An Opportunistic Raise Little Impact on Leverage

Seazen (Formerly Future Land) (1030 HK) is looking to raise US$300m in its placement. Overall, deal dynamics seemed favorable as its previous deal...

Zhen Zhou, Toh

Morning Views Asia: Hopson Development, Medco Energi Internasional T, Seazen (Formerly Future Land)

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region,...

Lucror Analytics

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)