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

Alibaba Group Holding  / Equity Capital Markets

<ul>
<li>Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.</li>
<li>In the IPO space, <a href="https://www.smartkarma.com/entities/kokusai-electric-corp" target="_blank" data-smartkarma-citation="entities:40152:1" rel="noopener">Kokusai Electric (6525 JP)</a> filed for it Japan listing, while <a href="https://www.smartkarma.com/entities/midea-group-co-ltd-a" target="_blank" data-smartkarma-citation="entities:16185:1" rel="noopener">Midea Group Co Ltd A (000333 CH)</a> continued to work towards its H-share listing.</li>
<li>In the placement space, there were no major deals this week apart from Blue Star and <a href="https://www.smartkarma.com/entities/sheela-foam-ltd" target="_blank" data-smartkarma-citation="entities:28073:1" rel="noopener">Sheela Foam Ltd (SFL IN)</a>. </li>
</ul>


Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
In the IPO space, Kokusai Electric (6525 JP) filed for it Japan listing, while Midea Group Co Ltd A (000333 CH) continued to work towards its H-share listing.
In the placement space, there were no major deals this week apart from Blue Star and Sheela Foam Ltd (SFL IN). 


ECM Weekly (24th Sep 2023) - Cainiao, J&T, Midea, Kokusai, Seoul Guarantee, Barito, Integral, DPC

Japan

Takaoka Toko Co., Ltd. holds companies that manufacture electric products for the power utility industry and electric related construction.

TERASAKI ELECTRIC CO., LTD. manufactures and sells power distribution control systems for buildings, factories, and commercial vessels.  The Company also produces various types of low voltage breakers.

CHIYODA INTEGRE CO., LTD. manufactures and markets electrical and electronic components primarily used for audio visual products and office equipment.  The Company also makes parts used in the fields of automobiles, telecommunication, and household appliances.  The Company has overseas production facilities.

Nippon Seisen Co., Ltd. manufactures and sells secondary products of stainless steel wires.  The Company's products include screws, springs, and metal nets for consumer electronics and automobiles.  Nippon Seisen also produces metal fibers, welding rods, and diamond tools.

ENDO Lighting Corporation manufactures and sells decorative lighting equipment for hotels, department stores, and restaurants.  The Company specializes in stage lighting equipment.  Endo Lighting expands into system storage furniture and also provides installation work.

IWASAKI ELECTRIC CO., LTD. manufactures illumination lamps including high intensity discharge, mercury, halogen, and fluorescent lamps.  The Company also produces non-illumination products such as UV sterilization Systems and water purification system.

FUTABA CORPORATION produces and markets electronic parts. The Company's products include fluorescent display tubes, fluorescent display tube modules, press die parts, power saving equipment, mold and die parts, precision plates, radio control equipment, and digital position read-out devices.

Abalance Corporation develops and sells software designed for ECM (Enterprise Contents Management).  The Company also provides system integration and consulting services.  Abalance sells construction machinery and solar panels as well.

Aichi Electric Co., Ltd. manufactures transformers, control systems, automated systems for electric wires. and electronic equipment.  The Company's products include pole transformers, digital switchboards, remote monitoring systems, solenoids, and condenser motors.

HIRAKAWA HEWTECH CORP. manufactures and sells electronic wires and equipment. The Company produces power supply cords, wiring harness, communication and broadcasting equipment, and variety of tubes for medical use.

Audix Corporation designs, manufactures, and markets electronic components.  The Company operates as a product distributor of Hitachi, ALPS, Tokin, and Fujitsu-Takamisawa.  Audix also provides plastic molding and injection services.

Sun King Power Electronics Group Ltd. manufactures power electronics components and distributes semiconductors. The Company designs and produces power modules, anode saturable reactors, HV power capacitors, silicon rectifier valves, and deionised water cooling systems for rail transportation and power transmission and distribution.

Cvilux Corporation manufactures and markets a variety of connectors, flat flexible cables, and cable assemblies.  The Company exports its products to Asia, Europe, and U.S.A.

Salzer Electronics Limited designs and manufactures cam operated rotary switches. The Company manufactures load break switches, proximity switches, wiring ducts and terminal connectors, and markets them worldwide.

Zhongli Science and Technology Group Company, Ltd. manufactures wires and cables and specializes in research and development of new photoelectricity materials, and safety and environmental protection.

FineTek Co., Ltd. manufactures instrumentation systems and solutions. The Company offers automation and control systems, sensor component design, radar components, communication module design, liquid level controllers and electronic power control instrumentation. FineTek serves the electronic, oil and gas, machinery, food and beverage, shipbuilding, and medical industries.

China Wire & Cable Co., Ltd. manufactures a variety of electric wires and cables as well as copper tubes.  The Company also manufactures aluminum construction products such as windows, doors, rails, blinds, and ladders.

Yeh-Chiang Technology Corp. manufactures and markets ball grid array (BGA) for integrated circuits (IC) packages industry, and multi-layer ceramic capacitors (MLCC) which commonly applied in computers, communication and electronic products.

Qingdao Zhongzi Zhongcheng Group Co. Ltd. develops, designs, produces and sells high voltage reactive power compensation devices, filtering devices and related core components. The Company also produces capacitors, reactors, discharge coils and other related core components. Qingdao Zhongzi Zhongcheng Group markets its products worldwide.

Kirloskar Electric Company Ltd. is an electrical company.  The Company manufactures motors, generators, alternators, transformers, automotive motors and generators, and industrial electronic products in India.

Seibu Giken Co., Ltd. manufactures and distributes heating ventilation air conditioning products. The Company produces desiccant dehumidifiers, dry room systems, low dew point dry air glove boxes, concentrators, heat wheels, honeycomb filters, and others. Seibu Giken markets its products throughout Japan.

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