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

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

CK Infrastructure Holdings / Equity Capital Markets

We would take the deal, given:<ol><li>The deal scores well on our Momentum-Adjusted Deal Stag Framework for its track record of outperformance vs. the index and peers </li><li>In its previous three deals, the stock has returned 4% on average in the first month, with the worst performance being 0% . Over one year the stock has returned 16% on average over deal price.&nbsp; </li><li>The deal will increase the free-float and large institutions like Capital Group and Blackrock have been adding to their holdings over the past few months (as per Bloomberg) and thus, will likely use this opportunity to add to their holdings </li><li>The proceeds from the deal will be used to finance the acquisition of EverSholt Rail Group and should add to EPS upon completion </li><li>The deal provides a good opportunity to co-invest along with Li Family as the continue shopping for utility assets around the globe</li></ol>

We would take the deal, given:The deal scores well on our Momentum-Adjusted Deal Stag Framework for its track record of outperformance vs. the index and peers In its previous three deals, the stock has returned 4% on average in the first month, with the worst performance being 0% . Over one year the stock has returned 16% on average over deal price.&nbsp; The deal will increase the free-float and large institutions like Capital Group and Blackrock have been adding to their holdings over the past few months (as per Bloomberg) and thus, will likely use this opportunity to add to their holdings The proceeds from the deal will be used to finance the acquisition of EverSholt Rail Group and should add to EPS upon completion The deal provides a good opportunity to co-invest along with Li Family as the continue shopping for utility assets around the globe

CKI (1038 HK) - Deal provides the opportunity to ride along; take the deal