In today’s briefing:
- HESAI Group IPO Preview
- EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- L3Harris Technologies Inc: Acquisition Of Aerojet Rocketdyne & Other Drivers
HESAI Group IPO Preview
- Hesai Group (HSAI US) is getting ready to complete its IPO in the next several weeks in the United States, planning to raise as much as $171 million.
- The ADAS penetration rate in China is expected to surge from 4.6% in 2022 to 11.2% in 2024 and 87.9% in 2030.
- The company is a leading maker of laser-based LiDAR sensors in China. The company’s major customers in the ADAS segment include Li Auto, Jidu, and Lotus.
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades
- Weekly summary of vol changes and moves across Global Markets
- Analysing ATM volatility and skew changes over the last 5 days
- We suggest a few trades to take advantage of the implied vol surfaces
L3Harris Technologies Inc: Acquisition Of Aerojet Rocketdyne & Other Drivers
- L3Harris finished the year on a high note and delivered an all-around beat while continuing to build momentum going into 2023.
- The RL10 is a high-end upper-stage engine that the ELA has ordered well over 100 of for the new Vulcan launch vehicle.
- We remain optimistic about the company’s future growth and maintain our ‘Hold’ rating with a revised target price.
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