Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. 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%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

Deals done well but analyst numbers still don't seem to reflect the accelerated capex plans

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Capital Markets

Ayala Land recently unveiled its 2020 target of achieving PHP40bn of net income by 2020 vs PHP11.8bn in 2013 (implying ~20% CAGR), along with increasing it's share of recurring income to 50%. The company will require substantial investment for both land banking and building up its commercial portfolio to achieve this. &nbsp;Given the strong track record and high index weightage, we would take the deal.&nbsp;The deal also scores well on our Momentum-Adjusted Deal Stag Framework for its track record and price momentum.&nbsp;

Ayala Land recently unveiled its 2020 target of achieving PHP40bn of net income by 2020 vs PHP11.8bn in 2013 (implying ~20% CAGR), along with increasing it's share of recurring income to 50%. The company will require substantial investment for both land banking and building up its commercial portfolio to achieve this. &nbsp;Given the strong track record and high index weightage, we would take the deal.&nbsp;The deal also scores well on our Momentum-Adjusted Deal Stag Framework for its track record and price momentum.&nbsp;

Ayala land - take the deal as the company needs capital to achieve its 2020 vision

Ayala Land Inc

Ayala land - take the deal as the company needs capital to achieve its 2020 vision