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

<p><a href="https://www.smartkarma.com/entities/sf-real-estate-investment-trust" target="_blank" data-smartkarma-citation="entities:31496:1" rel="noopener">SF Real Estate Investment Trust (SF HK)</a> is a REIT formed with an initial focus on income-generating logistics properties in Hong Kong and China. The sponsor is <a href="https://www.smartkarma.com/entities/maanshan-dingtai-rare-a" target="_blank" data-smartkarma-citation="entities:4128:1" rel="noopener">S.F. Holding (002352 CH)</a>. SF REIT will be the first logistics-focused REIT to be listed in Hong Kong. It will start pre-marketing an HKEx IPO to raise $300 million, according to press reports. </p><div class="content-highlight"><p>SF REIT’s portfolio comprises three properties which are modern logistics properties in Hong Kong and China. The properties are Hong Kong Property, Foshan Property and Wuhu Property. SF REIT’s largest property by value is the Hong Kong Property, which accounts for 87% of the portfolio value. Overall, we believe that SF REIT offers an attractive proposition for investors willing to invest in a niche segment of the Asian REIT sector.</p></div>

SF Real Estate Investment Trust (SF HK) is a REIT formed with an initial focus on income-generating logistics properties in Hong Kong and China. The sponsor is S.F. Holding (002352 CH). SF REIT will be the first logistics-focused REIT to be listed in Hong Kong. It will start pre-marketing an HKEx IPO to raise $300 million, according to press reports. SF REIT’s portfolio comprises three properties which are modern logistics properties in Hong Kong and China. The properties are Hong Kong Property, Foshan Property and Wuhu Property. SF REIT’s largest property by value is the Hong Kong Property, which accounts for 87% of the portfolio value. Overall, we believe that SF REIT offers an attractive proposition for investors willing to invest in a niche segment of the Asian REIT sector.

Frasers Logistics & Commercial Trust (FLT SP)

China Merchants Commercial REIT (1503 HK)

SF REIT IPO Initiation: The REIT Flow of Things