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

Weihai City Commercial Bank / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/weihai-city-commercial" target="_blank" data-smartkarma-citation="entities:29181:1" rel="noopener">Weihai City Commercial (WECCBZ CH)</a> (WCCB) aims to raise around US$800m via its Hong Kong listing.WCCB is the third largest city commercial bank headquartered in Shandong Province, in terms of total assets, deposits and loans, as of Jun 2019. It is headquartered in Weihai City in Shandong Province. Its principal business includes corporate banking, retail banking and financial markets.Over FY16-18, WCCB’s loans grew at 17.9% CAGR, while total income growth, at 12.5% CAGR, and pre-provision operating profit expanded at 18.8% CAGR.While WCCB has registered decent asset and earnings growth, the bank seems to be in the middle of a makeover, with investment book falling and loan book growing, deposit mix shifting etc. There is nothing particularly enticing about the company and hence, it will probably trade in-line with its peer group, when it lists.

Weihai City Commercial (WECCBZ CH) (WCCB) aims to raise around US$800m via its Hong Kong listing.WCCB is the third largest city commercial bank headquartered in Shandong Province, in terms of total assets, deposits and loans, as of Jun 2019. It is headquartered in Weihai City in Shandong Province. Its principal business includes corporate banking, retail banking and financial markets.Over FY16-18, WCCB’s loans grew at 17.9% CAGR, while total income growth, at 12.5% CAGR, and pre-provision operating profit expanded at 18.8% CAGR.While WCCB has registered decent asset and earnings growth, the bank seems to be in the middle of a makeover, with investment book falling and loan book growing, deposit mix shifting etc. There is nothing particularly enticing about the company and hence, it will probably trade in-line with its peer group, when it lists.

Weihai City Commercial Bank Pre-IPO - More of an Asset Manager Rather than a Lender

China

Weihai City Commercial Bank Co., Ltd. offers banking services. The Company provides deposits, loans, receipts agency, bill discounting, fund management, and other services. Weihai City Commercial Bank provides its services to individuals, companies, and other groups.

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Weihai City Commercial Bank (WECCBZ CH)

Weihai City Commercial Bank Pre-IPO - More of an Asset Manager Rather than a Lender

Weihai City Commercial (WECCBZ CH) (WCCB) aims to raise around US$800m via its Hong Kong listing.WCCB is the third largest city commercial bank...

Sumeet Singh

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