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

Event-Driven

<ul>
<li>Sure the Elon Musk Show is on all channels, but he and <a href="https://www.smartkarma.com/entities/tesla-motors-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a> did have a very good year.</li>
<li>They also caught a lot of lucky breaks that won't last—which is overlooked by investors. </li>
<li>Next year will be different. And it starts in just two days.</li>
</ul>


Sure the Elon Musk Show is on all channels, but he and Tesla Motors (TSLA US) did have a very good year.
They also caught a lot of lucky breaks that won't last—which is overlooked by investors. 
Next year will be different. And it starts in just two days.


Look Away From Elon Musk To Gauge Tesla's Prospects—and Looming Risks

Investment Advisors, JL Warren Capital

Junheng Li

Investment Advisors

JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Thematic (Sector/Industry)

<ul>
<li>We model GF3 production to reach 65+K, and <a href="https://www.smartkarma.com/entities/tesla-motors-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a>  to delivery 45-50K onshore in December, China is to reach ~30+% global deliveries. </li>
<li>We model <a href="https://www.smartkarma.com/entities/nio-inc" target="_blank" data-smartkarma-citation="entities:27399:1" rel="noopener">NIO Inc (NIO US)</a>  production to reach ~11K in December, Q4 deliveries are likely miss, without "manipulation"; </li>
<li>
<a href="https://www.smartkarma.com/entities/xpeng-inc" target="_blank" data-smartkarma-citation="entities:29217:1" rel="noopener">Xpeng (XPEV US)</a>  Zhaoqing factory production declines MoM, but Q4 deliveries are set to beat guidance due to stronger than expected G3i orders. </li>
</ul>


We model GF3 production to reach 65+K, and Tesla Motors (TSLA US)  to delivery 45-50K onshore in December, China is to reach ~30+% global deliveries. 
We model NIO Inc (NIO US)  production to reach ~11K in December, Q4 deliveries are likely miss, without "manipulation"; 

Xpeng (XPEV US)  Zhaoqing factory production declines MoM, but Q4 deliveries are set to beat guidance due to stronger than expected G3i orders. 


China NEV Week 49 2021 Update: TSLA, NIO, XPEV Production, Deliveries

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

LG Energy Solution / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lg-energy-solution" target="_blank" data-smartkarma-citation="entities:33464:1" rel="noopener">LG Energy Solution (LGENERGY KS)</a> (LGES) is looking to raise up to US$10.8bn in its upcoming South Korea IPO.</li>
<li>LGES is the EV battery unit of LG Chem. It was spun off in December last year. The company is a major supplier to customers including Tesla and General Motors.</li>
<li>LGES will likely continue to be the dominant battery player in the market second to CATL based planned capacity.</li>
</ul>



LG Energy Solution (LGENERGY KS) (LGES) is looking to raise up to US$10.8bn in its upcoming South Korea IPO.
LGES is the EV battery unit of LG Chem. It was spun off in December last year. The company is a major supplier to customers including Tesla and General Motors.
LGES will likely continue to be the dominant battery player in the market second to CATL based planned capacity.


LG Energy Pre-IPO -  Industry and Competitive Landscape - LGES Will Remain a Dominant Player

JL Mag Rare-Earth   / Equity Capital Markets

<ul>
<li>JL Mag Rare-earth Co. Ltd (JLM) aims to raise around US$300m via its H-shares listing.  </li>
<li>JLM is a producer of high-performance REPMs. It ranked first in the world by high-performance REPM production volume in 2020 with a market share of approximately 14.5%.</li>
<li>In this note, we look at the company’s past performance, and try to gauge a suitable A/H premium.</li>
</ul>


JL Mag Rare-earth Co. Ltd (JLM) aims to raise around US$300m via its H-shares listing.  
JLM is a producer of high-performance REPMs. It ranked first in the world by high-performance REPM production volume in 2020 with a market share of approximately 14.5%.
In this note, we look at the company’s past performance, and try to gauge a suitable A/H premium.


JL Mag Rare-Earth A/H Listing - Ticks the Right EV and Clean Energy Boxes, Thoughts on Valuation

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lg-energy-solution" target="_blank" data-smartkarma-citation="entities:33464:1" rel="noopener">LG Energy Solution (LGENERGY KS)</a> is a leading EV battery manufacturer. It is pre-marketing an IPO to raise up to $10.8 billion, which would be South Korea’s largest-ever listing.  </li>
<li>In <a href="https://www.smartkarma.com/insights/lg-energy-solution-ipo-initiation-amp-my-ride" target="_blank" data-smartkarma-citation="insights:62402" rel="noopener">LG Energy Solution IPO Initiation: Amp My Ride</a>, we stated that LGES has attractive fundamentals with a strong backlog, healthy revenue growth and improving margins (recall provisions have peaked). </li>
<li>In this note, we benchmark LGES and its listed battery peers across key financial metrics.  </li>
</ul>



LG Energy Solution (LGENERGY KS) is a leading EV battery manufacturer. It is pre-marketing an IPO to raise up to $10.8 billion, which would be South Korea’s largest-ever listing.  
In LG Energy Solution IPO Initiation: Amp My Ride, we stated that LGES has attractive fundamentals with a strong backlog, healthy revenue growth and improving margins (recall provisions have peaked). 
In this note, we benchmark LGES and its listed battery peers across key financial metrics.  


LG Energy Solution Vs CATL Vs Samsung SDI Vs SK Innovation

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.

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Tesla (TSLA US)

Look Away From Elon Musk To Gauge Tesla's Prospects—and Looming Risks

Sure the Elon Show is on all channels, but he and Tesla did have a very good year. They also caught a lot of lucky breaks that won't last—which is...

Vicki Bryan

China NEV Week 49 2021 Update: TSLA, NIO, XPEV Production, Deliveries

Weekly update on TSLA, NIO and XPEV production and delivery data in China: TSLA China likely exceed 92K, XPEV 38K, NIO 23-24K in Q4, respectively.

JL Warren Capital

LG Energy Pre-IPO - Industry and Competitive Landscape - LGES Will Remain a Dominant Player

LG Energy Solution (LGES) is raising US$10.8bn in its upcoming South Korea IPO. LGES will likely continue to be the dominant battery player in the...

Sumeet Singh

JL Mag Rare-Earth A/H Listing - Ticks the Right EV and Clean Energy Boxes, Thoughts on Valuation

JL Mag Rare-earth Co. Ltd (JLM) aims to raise around US$300m via its H-shares listing. In this note, we look at the deal dynamics and provide our...

Sumeet Singh

LG Energy Solution Vs CATL Vs Samsung SDI Vs SK Innovation

LGES is pre-marketing an IPO to raise up to $10.8 billion. In this note, we benchmark LGES and its listed battery peers across key financial metrics.

Arun George

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