Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Super Hi International Holding / Equity Capital Markets

<ul>
<li>In this insight, we discuss our recent visit to a Haidilao restaurant in London and the listing of Super Hi International in Hong Kong. </li>
<li>On 13 July, Haidilao (6862 HK) provided the IPO prospectus of Super Hi International for a separate listing in Hong Kong bourse.</li>
<li>By spinning off Super Hi and listing this newco in Hong Kong, Haidilao is capitalizing on its best known global brand for hot pots amid zero COVID policy in China.</li>
</ul>


In this insight, we discuss our recent visit to a Haidilao restaurant in London and the listing of Super Hi International in Hong Kong. 
On 13 July, Haidilao (6862 HK) provided the IPO prospectus of Super Hi International for a separate listing in Hong Kong bourse.
By spinning off Super Hi and listing this newco in Hong Kong, Haidilao is capitalizing on its best known global brand for hot pots amid zero COVID policy in China.


Visit to a Haidilao Restaurant in London & Listing of Super Hi International in Hong Kong

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.

LG Energy Solution / 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>There were no major IPO launches during the week. Thai Life will list early next week</li>
<li>There were no major placements apart from ANZ and a smallish one in Xtep. There are two major lock-up expiries coming up.</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.
There were no major IPO launches during the week. Thai Life will list early next week
There were no major placements apart from ANZ and a smallish one in Xtep. There are two major lock-up expiries coming up.


ECM Weekly (24th Jul 2022) - ANZ, Zomato, LG Energy, Xtep, SoCar, WCP, Thai Life, Beneunder, Ubox

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

<ul>
<li>Haidilao International announced the spin-off plan of its overseas arm, Super Hi.</li>
<li>We take a quick look at Super Hi's fundamentals. We think it is unlikely for Super Hi to achieve the level of economy of scale as Haidilao in China.</li>
<li>We think the valuation of Super Hi should be compared to F&amp;B peers in the ASEAN region given that its business is mainly focused on the ASEAN region. </li>
</ul>


Haidilao International announced the spin-off plan of its overseas arm, Super Hi.
We take a quick look at Super Hi's fundamentals. We think it is unlikely for Super Hi to achieve the level of economy of scale as Haidilao in China.
We think the valuation of Super Hi should be compared to F&amp;B peers in the ASEAN region given that its business is mainly focused on the ASEAN region. 


Super Hi Spin-Off: Unexciting Fundamentals

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Super Hi International Holding (9658 HK)

Visit to a Haidilao Restaurant in London & Listing of Super Hi International in Hong Kong

In this insight, we discuss our recent visit to a Haidilao restaurant in London and the listing of Super Hi International in Hong Kong.

Douglas Kim

ECM Weekly (24th Jul 2022) - ANZ, Zomato, LG Energy, Xtep, SoCar, WCP, Thai Life, Beneunder, Ubox

Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.

Sumeet Singh

Super Hi Spin-Off: Unexciting Fundamentals

We look at the fundamentals of Haidilao International's approved spin-off of its overseas operation Super Hi International Holding.

Ke Yan, CFA, FRM

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52-week Range

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