In today’s briefing:
- ASICS Placement – Needs to Correct, but Watch Out for the Revision Impact
- ECM Weekly (15th July 2024) – Kokusai, Wiwynn, Kelun-Biotech, Timee, Shift Up, Sanil, Avanse
- T.S. Lines Pre-IPO – Looks like an Opportunistic Listing
- TS Lines Pre-IPO: Should We Expect TS Lines to Match Wan Hai’s Strength in YTD 2024?
- Pateo Connect Technology Pre-IPO Tearsheet
ASICS Placement – Needs to Correct, but Watch Out for the Revision Impact
- A group of shareholders aims to raise around US$1.3bn via selling around 11% of ASICS Corp (7936 JP).
- For the two large banks, this will be a cleanup of their cross-shareholding.
- In this note, we will talk about the placement and run the deal through our ECM framework.
ECM Weekly (15th July 2024) – Kokusai, Wiwynn, Kelun-Biotech, Timee, Shift Up, Sanil, Avanse
- Aequitas Research’s weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
- On the IPO front, there were a number of listing in the past week, most of which performed as per our expectations.
- On the placement front, Japan continued to dominate the ECM flows.
T.S. Lines Pre-IPO – Looks like an Opportunistic Listing
- T.S. Lines (TSL HK) is looking to raise about US$300m in its upcoming Hong Kong IPO.
- T.S. Lines (TSL) is a container shipping firm primarily operating in the Asia Pacific (APAC) region.
- In this note, we look at the firm’s past performance.
TS Lines Pre-IPO: Should We Expect TS Lines to Match Wan Hai’s Strength in YTD 2024?
- TS Lines’ comp Wan Hai has reported strong numbers so far in 2024
- But TS Lines is unlikely to match Wan Hai’s impressive H124 gains
- Next for TS Lines: H124 financials and valuation vs Wan Hai, RCL
Pateo Connect Technology Pre-IPO Tearsheet
- Pateo Connect Technology (PTC HK) seeks to raise up to US$300m in its upcoming HK IPO. The deal will be run by CICC, Guotai Junan, CMBI, Huatai and Citic Securities.
- Pateo Connect Technology (PCT) provides one-stop smart cockpit solutions and intelligent vehicle connectivity solutions. Its smart cockpit solutions enhance driving safety, convenience and connectivity, offering a more intelligent driving experience.
- It offers OEM customers the flexibility to choose individual software and products or combine various components into a seamless and integrated smart cockpit solution.
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