APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/weride-corp" target="_blank" data-smartkarma-citation="entities:39905:1" rel="noopener">WeRide Corp (WER CH)</a> is looking to raise around US$300m in its upcoming US IPO.</li>
<li>WeRide provides autonomous driving products and services from L2 to L4 of driving automation.</li>
<li>In this note, we will talk about the not so positive aspects of the deal.</li>
</ul>



WeRide Corp (WER CH) is looking to raise around US$300m in its upcoming US IPO.
WeRide provides autonomous driving products and services from L2 to L4 of driving automation.
In this note, we will talk about the not so positive aspects of the deal.


WeRide Pre-IPO - The Negatives - Losses Have Widened, Still in the Early Stages of Commercialization

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

Thematic (Sector/Industry)

<ul>
<li>Total public EV charging stations (incl. temporary unavailable locations) were 71,129 as of July 30, 2024. Compared to the end of FY23, it is an increase of 10.0%.</li>
<li>Total EVSE charging ports (including the temporary unavailable ports) were 190,454, up nearly 13.1% compared to the end of 2023 and up 1.3% over June 2024.</li>
<li>US considerably lags behind China which had 3.05 million public charging stations at the end of May 2024.</li>
</ul>


Total public EV charging stations (incl. temporary unavailable locations) were 71,129 as of July 30, 2024. Compared to the end of FY23, it is an increase of 10.0%.
Total EVSE charging ports (including the temporary unavailable ports) were 190,454, up nearly 13.1% compared to the end of 2023 and up 1.3% over June 2024.
US considerably lags behind China which had 3.05 million public charging stations at the end of May 2024.


US EV Charging Infrastructure Tracker: Update – July 2024

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

<ul><li>Tesla is a polarizing company with both enthusiastic supporters and skeptical critics.</li><li>The company has the potential to become the most valuable in the world if it solves autonomous transportation.</li><li>The debate around Tesla is focused on its Full Self Driving software, which has recently transitioned to a neural net architecture and is best experienced firsthand at a Tesla delivery center.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Tesla is a polarizing company with both enthusiastic supporters and skeptical critics.The company has the potential to become the most valuable in the world if it solves autonomous transportation.The debate around Tesla is focused on its Full Self Driving software, which has recently transitioned to a neural net architecture and is best experienced firsthand at a Tesla delivery center.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

AI and Global Deep Tech, Mint Finance

Uttkarsh Kohli

AI and Global Deep Tech

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>
Earnings Miss: Tesla's Q2 revenue increased by 2% to $25.5 billion, but earnings per share were 52 cents, missing the forecast of 62 cents.</li>
<li>
Record Revenue in Energy: Tesla achieved record revenues and profits in its energy sector, with 130% QoQ growth in energy storage deployments and regulatory credit revenues.</li>
<li>
Stock Reaction &amp; Competition: Tesla's stock dropped over 8% after-hours, influenced by increased competition, production challenges, and a notable decline in auto revenue by 7% to $19.9 billion.</li>
</ul>



Earnings Miss: Tesla's Q2 revenue increased by 2% to $25.5 billion, but earnings per share were 52 cents, missing the forecast of 62 cents.

Record Revenue in Energy: Tesla achieved record revenues and profits in its energy sector, with 130% QoQ growth in energy storage deployments and regulatory credit revenues.

Stock Reaction &amp; Competition: Tesla's stock dropped over 8% after-hours, influenced by increased competition, production challenges, and a notable decline in auto revenue by 7% to $19.9 billion.


Tesla's Q2 Revenue Up 2% to $25.5B but Misses Earnings Expectations; Stock Drops 8%

<ul>
<li>Tesla’s stock dropped 12% post Q2 earnings, due to a 7% decrease in auto revenue, reflecting broader financial struggles despite a 15% rise in quarterly EV deliveries.</li>
<li>Trump's potential repeal of EV subsidies could reduce EV sales by 27% by 2030, but Tesla’s lower reliance on imports may mitigate the effect of increased tariffs.</li>
<li>Elon Musk’s $5 billion investment in his AI startup xAI raises concerns about potential distractions from Tesla, even as he leverages political shifts to benefit Tesla.</li>
</ul>


Tesla’s stock dropped 12% post Q2 earnings, due to a 7% decrease in auto revenue, reflecting broader financial struggles despite a 15% rise in quarterly EV deliveries.
Trump's potential repeal of EV subsidies could reduce EV sales by 27% by 2030, but Tesla’s lower reliance on imports may mitigate the effect of increased tariffs.
Elon Musk’s $5 billion investment in his AI startup xAI raises concerns about potential distractions from Tesla, even as he leverages political shifts to benefit Tesla.


Will Margin Contraction, Decline in Deliveries, and Trump's EV Policy Reversals Stall Tesla?

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

WeRide Pre-IPO - The Negatives - Losses Have Widened, Still in the Early Stages of Commercialization

WeRide Corp (WER CH) is looking to raise around US$300m in its upcoming US IPO. In this note, we will talk about the not so positive aspects of the...

Clarence Chu

US EV Charging Infrastructure Tracker: Update – July 2024

This report provides the latest update on the US EV Charging Infrastructure - number of charging stations, number of charging ports, state and...

GSBR Research

Tesla Inc (TSLA) - Tuesday, Apr 30, 2024

Tesla is a controversial company with strong believers and skeptics, with the possibility of becoming the most valuable company in the world if it...

Value Investors Club (VIC)

Tesla's Q2 Revenue Up 2% to $25.5B but Misses Earnings Expectations; Stock Drops 8%

Tesla's Q2 revenue rose 2% to $25.5 billion beating expectations; EPS at $0.52 missed the anticipated $0.62. Stock fell over 8% post-earnings on...

Mint Finance

Will Margin Contraction, Decline in Deliveries, and Trump's EV Policy Reversals Stall Tesla?

Tesla's Q2 earnings showed a 7% decline in auto revenue which led to a 12% fall in stock price. Despite a 15% increase in EV deliveries, YoY...

Mint Finance

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