Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. 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%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

China Energy Engineering / Equity Capital Markets

<p>China Energy Engineering Corporation (CEEC) plans to raise US$1.8-2.0bn through its IPO. It&nbsp;has locked in twenty (mostly government affiliated) cornerstone investors, who will take up over 60% of the deal.</p><p>We&nbsp;remain lukewarm about the IPO, given:</p><ul><li>The company's main expertise lie in designing and constructing fossil fuel plants,&nbsp;investment in which is flat lining</li><li>Overseas orders have been coming through thick and fast but don't seem to be flowing through as fast to revenue, and hence, overseas accounts for&nbsp;a smaller proportion of revenue</li><li>Valuation isn't demanding, but growth prospects remain dim</li><li>The deal scores a mixed score on our framework</li></ul>

China Energy Engineering Corporation (CEEC) plans to raise US$1.8-2.0bn through its IPO. It&nbsp;has locked in twenty (mostly government affiliated) cornerstone investors, who will take up over 60% of the deal.We&nbsp;remain lukewarm about the IPO, given:The company's main expertise lie in designing and constructing fossil fuel plants,&nbsp;investment in which is flat liningOverseas orders have been coming through thick and fast but don't seem to be flowing through as fast to revenue, and hence, overseas accounts for&nbsp;a smaller proportion of revenueValuation isn't demanding, but growth prospects remain dimThe deal scores a mixed score on our framework

China Railway Construction Corp (1186 HK)

China Communications Construction (1800 HK)

Well past Its Prime - Domestic Growth Slowing, While Overseas Projects Remain Slow Moving