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

Cal-Comp Tech (Philippines) Pre-IPO Review - Muted Growth in Core Products

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. 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%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Cal-Comp Tech (Philippines) / Equity Capital Markets

<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) plans to raise around US$150m in its upcoming Philippines IPO. My colleague, <a href="https://www.smartkarma.com/profiles/zhen-zhou-toh" target="_blank" data-smartkarma-citation="accounts:673" rel="noopener">Zhen Zhou, Toh</a>, had earlier written about the company's background and its financial performance at the time of its previous listing attempt in 2018, <a href="https://www.smartkarma.com/insights/cal-comp-tech-philippines-pre-ipo-review-muted-growth-in-core-products" target="_blank" rel="noopener">Cal-Comp Tech (Philippines) Pre-IPO Review - Muted Growth in Core Products</a>. Hence, I will not be going into too much detail about the company’s background and past performance. In this insight, I’ll talk about the updates since the past filings. CCPH has registered stupendous growth in revenue over 2016-18 which has been accompanied by an equally impressive margin expansion. Most of this growth seems to have been driven by new contract wins from Dyson. Dyson now accounts for a bulk of the company’s revenue and probably an even higher proportion of its bottom-line. In addition, the company has also been diversifying into manufacturing of new products into 2019.

Cal-Comp Tech (Philippines) (CCTP PH) (CCPH) plans to raise around US$150m in its upcoming Philippines IPO. My colleague, Zhen Zhou, Toh, had earlier written about the company's background and its financial performance at the time of its previous listing attempt in 2018, Cal-Comp Tech (Philippines) Pre-IPO Review - Muted Growth in Core Products. Hence, I will not be going into too much detail about the company’s background and past performance. In this insight, I’ll talk about the updates since the past filings. CCPH has registered stupendous growth in revenue over 2016-18 which has been accompanied by an equally impressive margin expansion. Most of this growth seems to have been driven by new contract wins from Dyson. Dyson now accounts for a bulk of the company’s revenue and probably an even higher proportion of its bottom-line. In addition, the company has also been diversifying into manufacturing of new products into 2019. 

Cal-Comp Technology IPO - Getting Vacuumed up by Dyson, in a Good Way