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

<ul>
<li>WCP aims to raise around US$690m via selling a mix of primary and secondary shares in its Korean IPO.</li>
<li>WCP designs, manufactures, and sells separators, which are one of the four core materials for secondary Lithium-ion batteries</li>
<li>In this note, we will talk about the positive aspects of the deal.</li>
</ul>


WCP aims to raise around US$690m via selling a mix of primary and secondary shares in its Korean IPO.
WCP designs, manufactures, and sells separators, which are one of the four core materials for secondary Lithium-ion batteries
In this note, we will talk about the positive aspects of the deal.


WCP IPO - The Positives - Past Sales Have Been Very Strong

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

KraneShares CSI China Internet ETF / Technical Analysis

<ul>
<li>US tech remains a top short theme as we near the mid April cycle peak point (another cycle peak due post Fed hike). Tech remains the key bear driver.</li>
<li>FANG bear triangulation, NDX timid bounce, wedge counter trend count in KWEB appears complete (bear wedge) with some color on Tencent's compelling bearish triangle setup for new lows.</li>
<li>Use July rally attempts to add to shorts for new chart lows in August/September. CPI print today a key input.</li>
</ul>


US tech remains a top short theme as we near the mid April cycle peak point (another cycle peak due post Fed hike). Tech remains the key bear driver.
FANG bear triangulation, NDX timid bounce, wedge counter trend count in KWEB appears complete (bear wedge) with some color on Tencent's compelling bearish triangle setup for new lows.
Use July rally attempts to add to shorts for new chart lows in August/September. CPI print today a key input.


Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Covid-19 / In Depth: Lockdowns expose Covid’s cost on mental health in China</li><li>Shanghai / Shanghai tells employers not to reject recovered Covid-19 job seekers</li><li>Banking / Henan to reimburse depositors following violent protests</li></ul>

Covid-19 / In Depth: Lockdowns expose Covid’s cost on mental health in ChinaShanghai / Shanghai tells employers not to reject recovered Covid-19 job seekersBanking / Henan to reimburse depositors following violent protests

CX Daily: Lockdowns Expose Covid’s Cost on Mental Health in China

Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul>
<li>China’s NPPA issued a list of 67 new games approved for July 2022, and once again, <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a>  and its smaller rival NetEase were excluded from the list.</li>
<li>The nine-month long freeze on new game approval was lifted in April, however, none of Tencent’s new games were included in the approved lists in April, June and July.</li>
<li>This further affirms our view that the anti-monopoly crackdown on tech firms hasn’t slowed down, but regulators are probing on dominant players such as Tencent to level the playing field.</li>
</ul>


China’s NPPA issued a list of 67 new games approved for July 2022, and once again, Tencent (700 HK)  and its smaller rival NetEase were excluded from the list.
The nine-month long freeze on new game approval was lifted in April, however, none of Tencent’s new games were included in the approved lists in April, June and July.
This further affirms our view that the anti-monopoly crackdown on tech firms hasn’t slowed down, but regulators are probing on dominant players such as Tencent to level the playing field.


Tencent – Excluded Again from New Game Approvals

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

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

<ul>
<li>China just announced game approval for July batch. More games were approved in July compared to June and May.</li>
<li>Pace of China game approval has picked up albeit at a much slower pace than pre-tightening.</li>
<li>Tencent and Netease will be under pressure as they continue to score zero in July domestic game approval. </li>
</ul>


China just announced game approval for July batch. More games were approved in July compared to June and May.
Pace of China game approval has picked up albeit at a much slower pace than pre-tightening.
Tencent and Netease will be under pressure as they continue to score zero in July domestic game approval. 


Tencent/Netease: Under Pressure with No Game Approval in July

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

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Tencent (700 HK)

WCP IPO - The Positives - Past Sales Have Been Very Strong

WCP aims to raise around US$690m via selling a mix of primary and secondary shares in its Korean IPO. In this note, we talk about the positive...

Sumeet Singh

FANG and HK Tech Bear Patterns

US tech remains a top short theme as we near the mid April cycle peak point (another cycle peak due post Fed hike). Tech remains the key bear driver.

Thomas Schroeder

CX Daily: Lockdowns Expose Covid’s Cost on Mental Health in China

Covid-19 / In Depth: Lockdowns expose Covid’s cost on mental health in China. Shanghai / Shanghai tells employers not to reject recovered Covid-19...

Caixin Global

Tencent – Excluded Again from New Game Approvals

Tencent, once again failed to make into the approved list of 67 new games for July 2022, nor in the last two batches of approved new game titles....

Shifara Samsudeen, ACMA, CGMA

Tencent/Netease: Under Pressure with No Game Approval in July

China regulator released July batch of game approval. Tencent and Netease will be under pressure as they continue to score zero.

Ke Yan, CFA, FRM

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