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

Tata Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tata-technologies" target="_blank" data-smartkarma-citation="entities:23700:1" rel="noopener">Tata Technologies (TATATECH IN)</a>  (TT) is looking to raise around US$600m in its upcoming India IPO.</li>
<li>Tata Technologies is a global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier 1 suppliers. </li>
<li>In this note we talk about the not-so-positive aspects of the deal.</li>
</ul>



Tata Technologies (TATATECH IN)  (TT) is looking to raise around US$600m in its upcoming India IPO.
Tata Technologies is a global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier 1 suppliers. 
In this note we talk about the not-so-positive aspects of the deal.


Tata Technologies Pre-IPO - The Negatives - Still Has a Few Issues

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

Solus Advanced Materials / Equity Bottom-Up

<ul>
<li>We believe the following three catalysts will likely drive share price of Solus Advanced Materials' continued outperformance relative to the market this year. </li>
<li>They include the sale of Solus Biotech, improved control of its operating costs, and rapid increase in capacity for copper foil.</li>
<li>The company has already secured strong order backlog from customers including LG Energy Solution, Tesla Motors, and SK On.</li>
</ul>


We believe the following three catalysts will likely drive share price of Solus Advanced Materials' continued outperformance relative to the market this year. 
They include the sale of Solus Biotech, improved control of its operating costs, and rapid increase in capacity for copper foil.
The company has already secured strong order backlog from customers including LG Energy Solution, Tesla Motors, and SK On.


Solus Advanced Materials: Key Catalysts to Continue Its Outperformance in 2023

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>Unlike every other (far larger &amp; richer) social media site, Elon Musk has declared war on Substack and anyone who dares post there as well as on Twitter. </li>
<li>It's the kind of petty retaliation he's well known for, and a stunt he could repeat against any publishing platform that displeases him for any reason.</li>
<li>His bullying will continue until morale improves. Or until he achieves universal adoration, whichever comes first.</li>
</ul>


Unlike every other (far larger &amp; richer) social media site, Elon Musk has declared war on Substack and anyone who dares post there as well as on Twitter. 
It's the kind of petty retaliation he's well known for, and a stunt he could repeat against any publishing platform that displeases him for any reason.
His bullying will continue until morale improves. Or until he achieves universal adoration, whichever comes first.


Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Last week, <strong><a href="https://www.smartkarma.com/entities/mincor-resources-nl" target="_blank" data-smartkarma-citation="entities:6731:1" rel="noopener">Mincor Resources NL (MCR AU)</a></strong> said <strong><a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group Ltd (BHP AU)</a></strong> would <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02649202-6A1143054?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">not agree to amend off-take agreement specifications</a>, and therefore would no longer accept lower-quality ore.</li>
<li>Mincor subsequently withdrew its earnings guidance, and Wyloo Metals shortly followed by declaring its A$1.40/share unconditional on-market Offer <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02650576-6A1143658?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">best and final</a>.</li>
<li>This morning (4 April), Mincor released its <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02651163-6A1143881?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">Target Statement</a>, and recommends shareholders accept the Offer from Wyloo.</li>
</ul>


Last week, Mincor Resources NL (MCR AU) said BHP Group Ltd (BHP AU) would not agree to amend off-take agreement specifications, and therefore would no longer accept lower-quality ore.
Mincor subsequently withdrew its earnings guidance, and Wyloo Metals shortly followed by declaring its A$1.40/share unconditional on-market Offer best and final.
This morning (4 April), Mincor released its Target Statement, and recommends shareholders accept the Offer from Wyloo.


Mincor Backs Wyloo's Offer After BHP Offtake Uncertainties

<ul>
<li>Tesla managed the late hour surge it needed to "beat" rapidly falling market estimates</li>
<li>But results were still shy of management's target for more than 37% y/y growth (much less its abandoned goal for more than 50% growth y/y)</li>
<li>Drastic measures to meet expectations likely came at the cost of already waning revenue quality and shrinking profit margins.</li>
</ul>


Tesla managed the late hour surge it needed to "beat" rapidly falling market estimates
But results were still shy of management's target for more than 37% y/y growth (much less its abandoned goal for more than 50% growth y/y)
Drastic measures to meet expectations likely came at the cost of already waning revenue quality and shrinking profit margins.


Tesla Q1 Deliveries "Beat" Rapidly Falling Market Estimates But Miss Management Guidance

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Tesla (TSLA US)

Tata Technologies Pre-IPO - The Negatives - Still Has a Few Issues

Tata Technologies (TATATECH IN) is looking to raise around US$600m in its upcoming India IPO. In this note we talk about the not-so-positive...

Sumeet Singh

Solus Advanced Materials: Key Catalysts to Continue Its Outperformance in 2023

In this insight, we discuss the three main catalysts that will likely drive Solus Advanced Materials' stock price continuing to outperform relative...

Douglas Kim

Elon Is Scared Poopless Of Us

Unlike every other (far larger & richer) social media site, Elon Musk declared war on Substack and anyone who dares post there as well as on...

Vicki Bryan

Mincor Backs Wyloo's Offer After BHP Offtake Uncertainties

Wyloo's broker will be standing in the market at $1.40. Only buy above terms on the expectation of a competing Offer. Yet with Wyoloo holding 23%+,...

David Blennerhassett

Tesla Q1 Deliveries "Beat" Rapidly Falling Market Estimates But Miss Management Guidance

Tesla managed a late hour surge needed to "beat" rapidly falling market estimates, but results still shy of management's target for more than 37% y...

Vicki Bryan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)