Leapmotor (9863 HK): Stellantis' Stake Doesn't Come Cheap
Stellantis is paying a chunky 3.64x market cap-trailing revenue; but ~2.25x forward revs, which compares to the average for key peers of 1.9x.
593 Views
J&T Global Express IPO: Trading Debut
The market sentiment on the sector continues to weaken. The de-rating of peers lowers our SoTP valuation to HK$10.01 per share, 16.5% below the IPO...
1.3k Views
Vinfast: New Funding to Support Growth Plans Despite Struggling to Sell EVs
Vinfast has secured a $1bn standby equity subscription agreement with YA. Most of the company's EV sales were to related parties raising concerns...
521 Views
CALB IPO Lock-Up - US$2.6bn Lockup Release but Mostly SOE Owned
CALB Group (3931 HK) raised around US$1.2bn in its Hong Kong IPO in Oct 2022. The lockup on its pre-IPO shareholders will expire tomorrow.
665 Views
ECM Weekly (1st Oct 2023) - Cainiao, J&T, Kokusai, Seoul Guarantee, Ecopro, Leapmotor, Bajaj Finance
Aequitas Reserach puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
491 Views