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 weekly Shanghai/Shenzhen northbound Connect flows with our data engine for holding position as of October 13th.</li>
<li>We estimate the weekly outflows to be US$1,898.6 million, led by industrials, information technology, and offset by consumer discretionary, health care.</li>
<li>We highlight flows for Longi Green, China Tourism, Iflytek, Ping An Insurance.</li>
</ul>


We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine for holding position as of October 13th.
We estimate the weekly outflows to be US$1,898.6 million, led by industrials, information technology, and offset by consumer discretionary, health care.
We highlight flows for Longi Green, China Tourism, Iflytek, Ping An Insurance.


Northbound Flows (Oct 13th): Longi Green, China Tourism, Iflytek, Ping An Insurance

China/Asia TMT

Shawn Yang

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>Contrast to weak EV demand and solar PV inventory correction abroad, domestic renewable capacities have been growing at such a neck-breaking speed that we foresee a utilization drop in 2023;</li>
<li>China’s firm and consistent renewable policy and a unified energy vision have been its strength,</li>
<li>But now have developed a few inconsistencies. Resolution of inconsistency push the sector to higher grounds. </li>
</ul>


Contrast to weak EV demand and solar PV inventory correction abroad, domestic renewable capacities have been growing at such a neck-breaking speed that we foresee a utilization drop in 2023;
China’s firm and consistent renewable policy and a unified energy vision have been its strength,
But now have developed a few inconsistencies. Resolution of inconsistency push the sector to higher grounds. 


[Blue Lotus Sector Update]: Chinese Renewable Energy Comes to Crossroads

<ul>
<li>NIO/LI: NIO to launch the all-new EC6 on Friday (+/-)</li>
<li>BYD/ TSLA /LI /XPEV/NIO: August China Automotive Delivery Data Update (+)</li>
<li>Gloated inventory in solar panel led to price collapse in Europe（/）</li>
</ul>


NIO/LI: NIO to launch the all-new EC6 on Friday (+/-)
BYD/ TSLA /LI /XPEV/NIO: August China Automotive Delivery Data Update (+)
Gloated inventory in solar panel led to price collapse in Europe（/）


China TMT Update-NIO/LI/XPEV/BYD/TSLA/Solar Power-All-New EC6/China Automotive Delivery Data

<ul>
<li>Luckin Coffee: Moutai Latte will be a long-term selling product, but shortage of raw materials leads to temporary outage（/）</li>
<li>Sungrow invested TopCon startup posted 2nd highest in energy conversion efficiency（/）</li>
<li>Tencent officially published Hunyuan foundation model at Tencent GDES 2023</li>
</ul>


Luckin Coffee: Moutai Latte will be a long-term selling product, but shortage of raw materials leads to temporary outage（/）
Sungrow invested TopCon startup posted 2nd highest in energy conversion efficiency（/）
Tencent officially published Hunyuan foundation model at Tencent GDES 2023


China TMT Update-Luckin/Tencent/Sungrow/Jolywood/Jinko/Drinda-Moutai Latte/Hunyuan LLM/Sungrowinvest

<ul>
<li>2460 CH/2466 CH/0792 CH/300750 CH/1211 HK/3931 HK/300274 CH: Lithium carbonate future set new low, Lithium carbonate spot renewed weakness</li>
<li>BABA: Alimama unveils new advertising platforms and discusses AI features (+)</li>
<li>TSLA: Revamped Tesla Model 3 China preorder data update (-)</li>
</ul>


2460 CH/2466 CH/0792 CH/300750 CH/1211 HK/3931 HK/300274 CH: Lithium carbonate future set new low, Lithium carbonate spot renewed weakness
BABA: Alimama unveils new advertising platforms and discusses AI features (+)
TSLA: Revamped Tesla Model 3 China preorder data update (-)


China TMT Update-2460CH/2466CH/0792 CH/300750 CH/1211 HK/3931 HK/300274 CH/BABA/TSLA:Model 3/Alimama

China

Sungrow Power Supply Company Limited develops, produces, sells and provides services for solar PV inverters, wind power converters and other power supply. The Company also provides system solutions to renewable energy industry users.

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Sungrow Power Supply (300274 CH)

Northbound Flows (Oct 13th): Longi Green, China Tourism, Iflytek, Ping An Insurance

We analyzed northbound Shanghai/Shenzhen connect flows in the past week and highlight flows for Longi Green, China Tourism, Iflytek, Ping An...

Ke Yan, CFA, FRM

[Blue Lotus Sector Update]: Chinese Renewable Energy Comes to Crossroads

China’s firm and consistent renewable policy and a unified energy vision have been its strength, But now have developed a few inconsistencies.

Blue Lotus Research Institute

China TMT Update-NIO/LI/XPEV/BYD/TSLA/Solar Power-All-New EC6/China Automotive Delivery Data

Gloated inventory in solar panel led to price collapse in Europe（/）；NIO/LI: NIO to launch the all-new EC6 on Friday (+/-)；BYD/TSLA/LI/XPEV/NIO:...

Blue Lotus Research Institute

China TMT Update-Luckin/Tencent/Sungrow/Jolywood/Jinko/Drinda-Moutai Latte/Hunyuan LLM/Sungrowinvest

Luckin Coffee: Moutai Latte shortage of raw materials leads to temporary outage（/）Sungrow invested TopCon startup（/）Tencent officially published...

Blue Lotus Research Institute

China TMT Update-2460CH/2466CH/0792 CH/300750 CH/1211 HK/3931 HK/300274 CH/BABA/TSLA:Model 3/Alimama

Lithium carbonate future set new low, Lithium carbonate spot renewed weakness; Alimama unveils new advertising platforms/TSLA: Revamped Tesla Model...

Blue Lotus Research Institute

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