Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

HK Short Interest: Short Covers for Smoore Intl After the E-Cig Consultation Paper

HK Short Report: Zijin Mining Shorts +61%

HK Short Report: Alibaba Health, Hope Education

HK Short Report: Evergrande Health, Zhuzhou CRRC

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.

Quantitative Analysis

<p>Hong Kong SFC reported aggregate short position for Mar 5th. The aggregate short value for equities increased by $525m (+0.8%) WoW but decreased by $2,878m (-3.9%) over the preceding four weeks.</p><p>Most shorted stocks by aggregate short value of positions are Ping An Insurance (Group) Company Of China, Ltd./2318 HK($8,826m, +2.0% WoW), Tencent Holdings Limited/700 HK($3,379m, +9.9% WoW), Byd Company Limited/1211 HK($1,480m, +1.3% WoW), Zhongsheng Group Holdings Limited/881 HK($1,343m, -1.9% WoW), Ping An Healthcare And Technology Company Limited/1833 HK($1,091m, -6.2% WoW).</p><p>We would also highlight <a href="https://www.smartkarma.com/entities/beijing-kuaishou-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:29725:1" rel="noopener">Kuaishou Technology (1024 HK)</a> and <a href="https://www.smartkarma.com/entities/jd-health-international-inc" target="_blank" data-smartkarma-citation="entities:29677:1" rel="noopener">JD Health (6618 HK)</a> as being heavily shorted soon post IPO. </p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/194/273/original/Hong_Kong_Market_Short_Position_Value_%28line%29_and_1W_Changes_%28bar%29_%28%24m%292021-03-14+14_49_49.png?1615705964" class="editor-image img-responsive" data-smartkarma-image-id="194273"></figure></section>

Hong Kong SFC reported aggregate short position for Mar 5th. The aggregate short value for equities increased by $525m (+0.8%) WoW but decreased by $2,878m (-3.9%) over the preceding four weeks.Most shorted stocks by aggregate short value of positions are Ping An Insurance (Group) Company Of China, Ltd./2318 HK($8,826m, +2.0% WoW), Tencent Holdings Limited/700 HK($3,379m, +9.9% WoW), Byd Company Limited/1211 HK($1,480m, +1.3% WoW), Zhongsheng Group Holdings Limited/881 HK($1,343m, -1.9% WoW), Ping An Healthcare And Technology Company Limited/1833 HK($1,091m, -6.2% WoW).We would also highlight Kuaishou Technology (1024 HK) and JD Health (6618 HK) as being heavily shorted soon post IPO. 

HK Short Interest: $856m Shorts on Kuaishou