Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Thematic (Sector/Industry)

Philippines Airlines / Thematic (Sector/Industry)

<p>While Tony Fernandes had hinted in January 2018 that an AirAsia India IPO was around the corner, he reiterated it with a tweet yesterday morning, saying:</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/047/743/original/a1.png?1521538175" class="editor-image img-responsive" data-smartkarma-image-id="47743"></figure><div style="text-align: left;" class="content-caption">Source: Twitter</div><p>Despite his confidence, the listing is unlikely to happen this year unless he plans to take the QIB (<strong>qualified institutional buyer</strong>) route. QIBs have flocked to new issues in recent months, like in the case of <a href="http://www.financialexpress.com/market/bharat-dynamics-ipo-updates-rs-960-crore-public-offer-subscribed-bidding-details-retail-institutional-investors-hnis-qibs/1098585/" target="_blank">Bharat Dynamics</a> and <a href="http://www.newindianexpress.com/business/2018/mar/20/bandhan-banks-ipo-oversubscribed-by-1463-times-1789576.html" target="_blank">Bandhan Bank</a>. But a quick analysis of shareholding patterns in currently listed airline stocks shows…</p>

While Tony Fernandes had hinted in January 2018 that an AirAsia India IPO was around the corner, he reiterated it with a tweet yesterday morning, saying:Source: TwitterDespite his confidence, the listing is unlikely to happen this year unless he plans to take the QIB (qualified institutional buyer) route. QIBs have flocked to new issues in recent months, like in the case of Bharat Dynamics and Bandhan Bank. But a quick analysis of shareholding patterns in currently listed airline stocks shows…

If AirAsia India Heeds to Tony’s Yearning for an IPO, QIB Route May Be the Only Option