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APAC IPOs & Placements

Zhen Zhou, Toh

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.

Equity Capital Markets

Sino-Ocean Service / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/sino-ocean-service" target="_blank" data-smartkarma-citation="entities:31037:1" rel="noopener">Sino-Ocean Service (1827597D HK)</a>  is looking to raise US$300m in its upcoming Hong Kong IPO.Sino-Ocean Services (SOS) is the property management arm of Sino-Ocean Group. The company focuses on managing properties in first and second-tier cities in China.There isn’t anything particularly exciting about SOS. Revenue growth has been decelerating, gross margin was mostly stagnant between FY2017 to FY2019 before expanding in 1H FY2020. GFA under management and the size of reserved GFA imply that there isn’t a very long growth runway for SOS.In this note, we will look at SOS’ operational and financial performance and share our thoughts on the IPO.

Sino-Ocean Service (1827597D HK)  is looking to raise US$300m in its upcoming Hong Kong IPO.Sino-Ocean Services (SOS) is the property management arm of Sino-Ocean Group. The company focuses on managing properties in first and second-tier cities in China.There isn’t anything particularly exciting about SOS. Revenue growth has been decelerating, gross margin was mostly stagnant between FY2017 to FY2019 before expanding in 1H FY2020. GFA under management and the size of reserved GFA imply that there isn’t a very long growth runway for SOS.In this note, we will look at SOS’ operational and financial performance and share our thoughts on the IPO.

Sino-Ocean Services (远洋服务) Pre-IPO - Nothing Stands Out