logo
Aequitas Research

Aequitas Research
IPOs and Placements coverage across Asia Pacific

4.3k
Insights
1.5m
Views
2.7k
Followers
Equity Capital Markets • Equity Bottom-Up
Refresh
bullish•PT Trimegah Bangun Persada Tbk (Harita Nickel)•21 Mar 2023 09:41

Harita Nickel IPO Valuation - Capacity Ramp Ups Will Pay Dividends in the Long Run

PT Trimegah Bangun Persada Tbk (Harita Nickel) (2230010D IJ) is looking to raise about US$650m in its Indonesian IPO. In this note, we look at...

Logo
Clarence Chu
68 Views
Share
bearish•Trial Holdings•21 Mar 2023 08:33

Trial Holdings Pre-IPO -Thoughts on Valuation

Trial Holdings (5882 JP) is looking to raise around US$375m in its Japan IPO. In this note we talk about our earnings forecast and provide our...

Logo
Sumeet Singh
54 Views
Share
bullish•Pinduoduo•21 Mar 2023 01:06

Pinduoduo (PDD): 4Q22, Lower Than Consensus, But Higher Than Competitors

In 4Q22, revenue grew by 46% YoY, lower than consensus, but higher than competitors. The operating margin improved significantly from 7% in 2021 to...

Logo
Ming Lu
127 Views
Share
bearish•Trial Holdings•20 Mar 2023 13:44

Trial Holdings Pre-IPO - Peer Comparison - Leading in Growth, Lagging in Margins

Trial Holdings (5882 JP)  is looking to raise around US$375m in its Japan IPO. In this note, we will undertake a peer comparison.

Logo
Sumeet Singh
171 Views
Share
bearish•Bionote•20 Mar 2023 11:18

Bionote Lock-Up - Uncertainty on the Horizon, Likely to See Some Selling Pressure

Bionote (377740 KS) was listed on 22nd Dec 2023, when it raised US$73m in its downsized Korean IPO. Its three-month lockup will expire on 21st Mar 23.

Logo
Clarence Chu
178 Views
Share

Copyright © 2022 Smartkarma Innovations Pte Ltd. All Rights Reserved. v1.8.3

x