APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC 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>The promoters of <a href="https://www.smartkarma.com/entities/patanjali-foods-ltd" target="_blank" data-smartkarma-citation="entities:12707:1" rel="noopener">Patanjali Foods (PATANJAL IN)</a> are looking to increase the firm’s public shareholding to the minimum required 25% imposed by SEBI.</li>
<li>We had discussed about this in their effective re-listing FPO last year, and the deal has been well covered by media sources as well, thus it is very well flagged.</li>
<li>While it would be a large one to digest, representing at least 62.1 days of the firm’s three month ADV, the deal will lift the remaining overhang on the stock.</li>
</ul>


The promoters of Patanjali Foods (PATANJAL IN) are looking to increase the firm’s public shareholding to the minimum required 25% imposed by SEBI.
We had discussed about this in their effective re-listing FPO last year, and the deal has been well covered by media sources as well, thus it is very well flagged.
While it would be a large one to digest, representing at least 62.1 days of the firm’s three month ADV, the deal will lift the remaining overhang on the stock.


Patanjali Foods Early FPO Look - Lifting the Overhang with a Well Flagged Deal. Re-Listing Went Well

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Share buybacks by primary listed companies 26 May - 1 Jun 2023 Institutions were net sellers of Singapore stocks over the five sessions with S$93 million of net outflow following the preceding five sessions of S$4 million of net inflow.</li><li>The consideration of the acquisitions totalled S$11,721,000, increasing Kuok’s total interest in the company from 13.19 per cent to 13.24.</li></ul>

Share buybacks by primary listed companies 26 May - 1 Jun 2023 Institutions were net sellers of Singapore stocks over the five sessions with S$93 million of net outflow following the preceding five sessions of S$4 million of net inflow.The consideration of the acquisitions totalled S$11,721,000, increasing Kuok’s total interest in the company from 13.19 per cent to 13.24.

Wilmar chief Kuok Khoon Hong adds to his stake

<ul><li>Share buybacks by primary listed companies 28 Apr - 4 May 2023 DBS, UOB, Thai Beverage, OCBC and Keppel Reit led the net institutional outflow for the four sessions.</li><li>Oxley Holdings has also been conducting share buybacks this year, buying back 12.5 million shares on the current mandate which represents 0.30 per cent of its issued shares (excluding treasury shares).</li></ul>

Share buybacks by primary listed companies 28 Apr - 4 May 2023 DBS, UOB, Thai Beverage, OCBC and Keppel Reit led the net institutional outflow for the four sessions.Oxley Holdings has also been conducting share buybacks this year, buying back 12.5 million shares on the current mandate which represents 0.30 per cent of its issued shares (excluding treasury shares).

Oxley executive chairman Ching Chiat Kwong raises stake

<ul><li>The iEdge SG Advanced Manufacturing Index is comprised of 110 stocks that drew 20 cents in every dollar that went to work into the Singapore stock market in 1Q23.</li><li>The Index constituents that booked the highest net institutional inflow proportionate to quarter-end market cap in 1Q23 included Acesian Partners, ISDN and Frencken, while averaging a 28% total return.</li><li>The iEdge SG Advanced Manufacturing Index booked S$52 million of Net Institutional Inflow in 1Q23.</li></ul>

The iEdge SG Advanced Manufacturing Index is comprised of 110 stocks that drew 20 cents in every dollar that went to work into the Singapore stock market in 1Q23.The Index constituents that booked the highest net institutional inflow proportionate to quarter-end market cap in 1Q23 included Acesian Partners, ISDN and Frencken, while averaging a 28% total return.The iEdge SG Advanced Manufacturing Index booked S$52 million of Net Institutional Inflow in 1Q23.

Mixed Moves of Manufacturing Stocks in 1Q23 

<ul><li>Share buybacks by primary listed companies 3 Mar - 9 Mar 2023 Meanwhile, Genting Singapore, Sembcorp Industries, Jardine Matheson, Singapore Airlines, Yangzijiang Shipbuilding (Holdings) led the net institutional inflow for the five sessions.</li><li>There were 19 primary-listed companies conducting share buybacks over the five trading sessions through to Mar 9, with a total consideration of S$10.6 million.</li></ul>

Share buybacks by primary listed companies 3 Mar - 9 Mar 2023 Meanwhile, Genting Singapore, Sembcorp Industries, Jardine Matheson, Singapore Airlines, Yangzijiang Shipbuilding (Holdings) led the net institutional inflow for the five sessions.There were 19 primary-listed companies conducting share buybacks over the five trading sessions through to Mar 9, with a total consideration of S$10.6 million.

Buybacks, director transactions resume at a lively pace

Singapore

Wilmar International Ltd. is an agribusiness company. The Company is involved in oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals and biodiesel manufacturing, and grains processing and merchandising. Wilmar also manufactures and distributes fertilizers and owns a fleet of vessels.

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

Wilmar International (WIL SP)

Patanjali Foods Early FPO Look - Lifting the Overhang with a Well Flagged Deal. Re-Listing Went Well

The promoters just launched an OFS to sell a 7% stake, with the option to sell an additional 2% in the case of oversubscription. The shares are...

Clarence Chu

Wilmar chief Kuok Khoon Hong adds to his stake

Share buybacks by primary listed companies 26 May - 1 Jun 2023 Institutions were net sellers of Singapore stocks over the five sessions with S$93...

Singapore Exchange Ltd (SGX)

Oxley executive chairman Ching Chiat Kwong raises stake

Share buybacks by primary listed companies 28 Apr - 4 May 2023 DBS, UOB, Thai Beverage, OCBC and Keppel Reit led the net institutional outflow for...

Singapore Exchange Ltd (SGX)

Mixed Moves of Manufacturing Stocks in 1Q23

The iEdge SG Advanced Manufacturing Index is comprised of 110 stocks that drew 20 cents in every dollar that went to work into the Singapore stock...

Singapore Exchange Ltd (SGX)

Buybacks, director transactions resume at a lively pace

Share buybacks by primary listed companies 3 Mar - 9 Mar 2023 Meanwhile, Genting Singapore, Sembcorp Industries, Jardine Matheson, Singapore...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)