IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

Cal-Comp Tech (Philippines) / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/cal-comp-tech-philippines" target="_blank" data-smartkarma-citation="entities:27347:1" rel="noopener">Cal-Comp Tech (Philippines) (CCTP PH)</a>/CCPH is the Philippine EMS/ODM subsidiary of NKG, a private global technology conglomerate based in Taiwan. CCPH aims to raise PHP9.3 billion ($184 million) through a primary offering (371 million new shares). The offer price is PHP25 per share with book building period running over 4-7 November. </p><div class="content-highlight"><p>CCPH’s equity story is enticing as it offers solid growth, improving margin and cash generation. However, strong fundamentals are tarnished by poor disclosure. We will provide a view on the valuation in our next note.  </p></div>

Cal-Comp Tech (Philippines) (CCTP PH)/CCPH is the Philippine EMS/ODM subsidiary of NKG, a private global technology conglomerate based in Taiwan. CCPH aims to raise PHP9.3 billion ($184 million) through a primary offering (371 million new shares). The offer price is PHP25 per share with book building period running over 4-7 November. CCPH’s equity story is enticing as it offers solid growth, improving margin and cash generation. However, strong fundamentals are tarnished by poor disclosure. We will provide a view on the valuation in our next note.  

Cal-Comp Tech (Philippines) IPO Initiation: Manufacturing a Good Story