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 analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>We estimate the outflows to be $12.8bn in August and consumer staples, and financials sectors led the outflows.</li>
<li>We highlight flows for CATL, Wuxi Wapptec, Fuyao Glass, Foxconn Industrial, CMB, Wuliangye, Mindray, Moutai, Longi Green.</li>
</ul>


We analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.
We estimate the outflows to be $12.8bn in August and consumer staples, and financials sectors led the outflows.
We highlight flows for CATL, Wuxi Wapptec, Fuyao Glass, Foxconn Industrial, CMB, Wuliangye, Mindray, Moutai, Longi Green.


Northbound Flows Monthly (August): $12.8bn Outflows

<ul>
<li>We analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>Industrials, Consumer Discretionary, Information Technology led the inflows while Consumer Staples, Financials led the outflows.</li>
<li>We highlight flows for Midea, Foxconn, CATL, Wuxi Apptec, Sany Heavy, China Tourism, Longi Green, Ping An, Zijin Mining, Haitian Flavoring.</li>
</ul>


We analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.
Industrials, Consumer Discretionary, Information Technology led the inflows while Consumer Staples, Financials led the outflows.
We highlight flows for Midea, Foxconn, CATL, Wuxi Apptec, Sany Heavy, China Tourism, Longi Green, Ping An, Zijin Mining, Haitian Flavoring.


Northbound Flows Monthly (June): Midea, Foxconn, CATL, Wuxi Apptec, Sany Heavy

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Risk-on signals continue to pile up, which continues to support our constructive outlook. Building off of last week's report, growth Sectors such as Technology and Communications continue to improve and we recommend adding exposure (e.g., Bilibili BILI-US/9626-HK).</p>

Risk-on signals continue to pile up, which continues to support our constructive outlook. Building off of last week's report, growth Sectors such as Technology and Communications continue to improve and we recommend adding exposure (e.g., Bilibili BILI-US/9626-HK).

Global Equity Strategy: Growth Sectors Continue To Improve -- Add Exposure

China

Lonking Holdings Ltd. designs, manufactures and sells wheel loaders and infrastructure machinery in the People's Republic of China.

Tianrun Crankshaft Co Ltd. manufactures and markets a wide range of crankshafts, including forged steel, cast iron crankshaft, and other machinery centers.

Chengdu Leejun Industrial Company Limited develops, manufactures and sells roller presses and supporting equipment, and provides grinding systems and equipment and supporting technical services. The Company's main products include grinding technology services, and roller press products.

Ningbo Cixing Company Limited develops, manufactures and sells computerized knitting machines. The Company's main products include computerized flat knitting machines, and computerized seamless underwear circular knitting machines.

Nanfang Pump Industry Company Limited develops, manufactures and sells centrifug al pumps formed by stamping and welding, and non-negative pressure frequency con version water supply facilities.

Canny Elevator Company Ltd. designs, manufactures, sells, installs and repairs elecators, escalators and parts.  The Company's products include passenger escalator, sightseeing escalator, hospital elevator, and cargo elevator.

Taihai Manoir Nuclear Equipment Co Ltd mainly produces and sells refrigeration compressors and refrigeration equipments. Its business operates in China as well as Northeast Asia.

Luoyang Bearing Science & Technology Co., Ltd. researches, develops, and manufactures bearings, electric spindles, measuring instruments, and testing machines.

Luoyang Bearing Science & Technology Co (002046 CH)

Luoyang Longhua Heat Transfer & Energy Conservation Co., Ltd. develops, designs, manufactures and sells cooling heat transfer (condensing) equipment, pressure vessels and machinery parts. Through its subsidiaries, the company also engages in sewage processing and design of sewage treatment.

Luoyang Lngh Ht Trsfr &Ergy Csvn (300263 CH)

Weihai Guangtai Airport Equipment Co., Limited manufactures and markets ground equipments for airport.

CSBC Corporation, Taiwan builds and repairs ships.

Miller Industries, Inc. is a domestic and foreign manufacturer of vehicle towing and recovery equipment.  The Company has developed or acquired brands in the towing and recovery equipment manufacturing industry.

SHIBUYA CORPORATION manufactures machines for bottling, packaging, and loading.  The Company also manufactures mechatronics products including laser marking systems, semiconductor production equipment, medical instruments, and other devices integrating mechanical and electrical engineering.

Technocraft Industries India Ltd. manufactures construction equipment and apparel.  The Company produces drum closures, pipe, scaffolding, fence panels, yarns, and men's T-shirts.

G Shank Enterprise Co., Ltd. manufactures and markets precision progressive dies and automatic assembly machinery.  The Company also trades electronic components and parts.

UNION TOOL CO. manufactures pin-size drill bits for piercing printed circuit boards (PCBs).  The Company also produces precision machinery including linear motion guides, diesinking end-mills, and digital measuring equipment for industrial use.

Nitta Corporation manufactures and sells industrial products.  The Company's products include driving belts, processed rubber products, conveyers, air filtration equipment, and measuring instruments.

Noritake Co Ltd, a member of the Morimura Group, manufactures houseware products such as ceramic tableware and whetstones.  The Company sells its products under Noritake brand name around the world.  Noritake also produces grinding wheels for industrial use.

TOCALO Co., Ltd. provides surface modification services in metals, alloys, ceramics, cermets, and nonmetals by applying thermal spraying technology.

YAMABIKO CORPORATION is a holding company established through the merger of Shindaiwa Corporation and Kioritz Corporation. The Company manages subsidiaries which manufacture and sell cutting machine for agriculture and forestry industries, generators, and rice planting machine.

Shenzhen Colibri Technologies Co., Ltd. manufactures and distributes power automation equipment. The Company produces automated testing and assembly equipment, automated equipment accessories, and other related products. Shenzhen Colibri Technologies markets its products worldwide.

Shenzhen Colibri Technologies (002957 CH)

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Shenzhen Colibri Technologies (002957 CH)

Northbound Flows Monthly (August): $12.8bn Outflows

We analyzed the Shanghai/Shenzhen Connect Scheme for August and highlight flows for CATL, Wuxi Wapptec, Fuyao Glass, Foxconn Industrial, CMB,...

Ke Yan, CFA, FRM

Northbound Flows Monthly (June): Midea, Foxconn, CATL, Wuxi Apptec, Sany Heavy

We analyzed the Shanghai/Shenzhen Connect Scheme for June and highlight flows for Midea, Foxconn, CATL, Wuxi Apptec, Sany Heavy, China Tourism,...

Ke Yan, CFA, FRM

Global Equity Strategy: Growth Sectors Continue To Improve -- Add Exposure

Building off of last week's report, growth Sectors such as Technology and Communications continue to improve and we recommend adding exposure...

Vermilion Research

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52-week Range

Market Cap (USDm)

P/E

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