ECM Weekly (26 May 2025) - CATL, Hengrui, Eastroc, Haitian, Schloss, Aegis, Hyundai Marine, Pony
Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
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CATL (3750 HK)'s Concentration Warning
CATL's current valuations do not appear stretched versus a basket of peers. It is, however, worth noting the HKEx issued a high concentration...
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CATL (3750 HK): Fast-Entry to Global Indices Unlikely Despite $150B Market Cap
Global-M free float has risen from 45% to 50% following the greenshoe exercise, and the stock price has surged 16% above its offer price to 306.2...
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CATL (3750 HK): Reassessing Index Fast Entry; Need Overallotment Exercised by Tomorrow
At HK$304/share, CATL (3750 HK) fails Fast Entry to both global indices. If CATL announces the overallotment option as fully exercised by COB 21...
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Contemporary Amperex Technology (300750 CH) 1Q24 Better than Expected
​CATL's 1Q24 net profit exceeded expectations, showing it can maintain profitability despite fears of declining battery prices. Fair value suggests...
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