Materials, IPO & Equity Analyst

Venkat Ramana Nandyal

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

Shandong Gold Mining   / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/27455" target="_blank" data-smartkarma-citation="entities:27455:1">Shandong Gold Mining Co Ltd (1787 HK)</a> ’s first day of trading ended with a whimper. The company issued the stock at HK$14.70/share. The stock traded between HK$14.68-$14.72/share and closed at HK$14.70/share.</p><p>In absence of any strong triggers in the short-term, we expect the stock to drift down post-stabilisation period or after one week of trading as evidenced in Global Equity Research‘s note <a href="https://www.smartkarma.com/insights/ipo-trading-strategy-from-pop-to-flop-a-deep-dive-on-hk-ipo-performance" target="_blank" data-smartkarma-citation="insights:24258">IPO Trading Strategy: From Pop to Flop? A Deep-Dive on HK IPO Performance</a> published by <a href="https://www.smartkarma.com/profiles/1486" target="_blank" data-smartkarma-citation="accounts:1486">Rickin Thakrar</a>. Our base case valuation remains HK$11.10/share.  </p>

Shandong Gold Mining Co Ltd (1787 HK) ’s first day of trading ended with a whimper. The company issued the stock at HK$14.70/share. The stock traded between HK$14.68-$14.72/share and closed at HK$14.70/share.In absence of any strong triggers in the short-term, we expect the stock to drift down post-stabilisation period or after one week of trading as evidenced in Global Equity Research‘s note IPO Trading Strategy: From Pop to Flop? A Deep-Dive on HK IPO Performance published by Rickin Thakrar. Our base case valuation remains HK$11.10/share.  

Shandong Gold Mining Co., Ltd (600547 CH)

Shandong Gold Trading Update: First Day No Show