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including PT Pertamina and PT PLN, according to Ethan Aw, an analyst at Aequitas Research who publishes on SMARTKARMA. That makes it “highly susceptible to regulatory changes and government pricing decisions,” Aw wrote in a note. 

with smaller floats,” said Ethan Aw, an analyst at Aequitas Research who publishes on SMARTKARMA. The poor performance of this year’s deals isn’t helping sentiment. Asia’s four largest IPOs of 2023 — all in mainland

raising serious concerns over demand for VinFast’s EVs,” Shifara Samsudeen, equity analyst at LightStream Research, said in a report published on SMARTKARMA. Through June, only 137 VinFast EVs — all VF8 SUVs— were registered in the U.S., according to automotive data provider S&P Global

with smaller floats,” said Ethan Aw, an analyst at Aequitas Research who publishes on SMARTKARMA. *T Read About the Biggest 2023 IPOs in Japan, Korea and Indonesia KKR Seeks to Raise $750 Million in Kokusai Electric’s Tokyo IPO