APAC IPOs & Placements, Aequitas Research

Nicholas Tan

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/xiamen-hithium" target="_blank" data-smartkarma-citation="entities:45043:1" rel="noopener">Xiamen Hithium (2190977D CH)</a>  is looking to raise at least US$500m in its upcoming HK IPO.</li>
<li>It is a leading global new energy technology company providing all-round energy storage solutions centred around energy storage batteries and systems.</li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



Xiamen Hithium (2190977D CH)  is looking to raise at least US$500m in its upcoming HK IPO.
It is a leading global new energy technology company providing all-round energy storage solutions centred around energy storage batteries and systems.
In this note, we look at the firm's past performance.


Xiamen Hithium Pre-IPO: Potential Data Center Play

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

CATL /In Depth: Why CATL is so revved up about battery swapping stationsDrug prices /: How Trump's proposed price cuts could hurt China's innovative drugmakersLaw /: China to overhaul Prison Law in push for greater transparency

CATL /In Depth: Why CATL is so revved up about battery swapping stationsDrug prices /: How Trump's proposed price cuts could hurt China's innovative drugmakersLaw /: China to overhaul Prison Law in push for greater transparency

CX Daily: Why CATL Is So Revved Up About Battery Swapping Stations 

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Eastroc Beverage Group   / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eastroc-beverage-group-co-ltd" target="_blank" data-smartkarma-citation="entities:34882:1" rel="noopener">Eastroc Beverage Group (605499 CH)</a> (EB), a China-based functional beverage company, aims to raise around US$1bn in its H-share listing.</li>
<li>According to Frost &amp; Sullivan (F&amp;S), EB has been the largest functional beverage company in China in terms of sales volume for four consecutive years since 2021.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



Eastroc Beverage Group (605499 CH) (EB), a China-based functional beverage company, aims to raise around US$1bn in its H-share listing.
According to Frost &amp; Sullivan (F&amp;S), EB has been the largest functional beverage company in China in terms of sales volume for four consecutive years since 2021.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Eastroc Beverage A/H Listing - Energized - Fast Growth, Better Margins

<ul>
<li>Trade /Cover Story: U.S.-China call a truce, but global trade has changed forever</li>
<li>Investment /In Depth: China’s tax collectors target global investment income</li>
<li>Xiaomi /Xiaomi CEO breaks silence after fatal SU7 crash, pledging to make safety a top priority</li>
</ul>


Trade /Cover Story: U.S.-China call a truce, but global trade has changed forever
Investment /In Depth: China’s tax collectors target global investment income
Xiaomi /Xiaomi CEO breaks silence after fatal SU7 crash, pledging to make safety a top priority


CX Daily: U.S.-China Call a Truce, But Global Trade Has Changed Forever 

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

Contemporary Amperex Technology (CATL) / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/contemporary-amperex-technology-co-limited" target="_blank" data-smartkarma-citation="entities:45179:1" rel="noopener">CATL (3750 HK)</a> is trading at a 6.9% premium to <a href="https://www.smartkarma.com/entities/contemporary-amperex-technolog" target="_blank" data-smartkarma-citation="entities:24404:1" rel="noopener">Contemporary Amperex Technology (CATL) (300750 CH)</a> - if that is due to expectations of Fast Entry, that premium could drop.</li>
<li>
<a href="https://www.smartkarma.com/entities/contemporary-amperex-technology-co-limited" target="_blank" data-smartkarma-citation="entities:45179:1" rel="noopener">CATL (3750 HK)</a> has not announced the overallotment option as exercised and that puts Fast Entry at risk. An announcement prior to the close tomorrow could lead to Fast Entry.</li>
<li>The earliest inclusion could be at the close on 30 May while the other global index inclusion looks likely in December.</li>
</ul>



CATL (3750 HK) is trading at a 6.9% premium to Contemporary Amperex Technology (CATL) (300750 CH) - if that is due to expectations of Fast Entry, that premium could drop.

CATL (3750 HK) has not announced the overallotment option as exercised and that puts Fast Entry at risk. An announcement prior to the close tomorrow could lead to Fast Entry.
The earliest inclusion could be at the close on 30 May while the other global index inclusion looks likely in December.


CATL (3750 HK): Reassessing Index Fast Entry; Need Overallotment Exercised by Tomorrow

China

Contemporary Amperex Technology Co., Limited. operates as a battery products manufacturing company. The Company produces and sells power battery materials, energy storage batteries energy storage battery cells, systems, and other products. Contemporary Amperex Technology also provides batteries recycling services.

Contemporary Amperex Technology (CATL) (300750 CH)

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Contemporary Amperex Technology (CATL) (300750 CH)

Xiamen Hithium Pre-IPO: Potential Data Center Play

Xiamen Hithium (XH) is looking to raise at least US$500m in its upcoming HK IPO. It is a potential data-center growth play. In this note, we look...

Nicholas Tan

CX Daily: Why CATL Is So Revved Up About Battery Swapping Stations

TOP STORIES CATL / In Depth: Why CATL is so revved up about battery swapping stations Contemporary Amperex Technology Co. Ltd. (CATL) has made it...

Caixin Global

Eastroc Beverage A/H Listing - Energized - Fast Growth, Better Margins

Eastroc Beverage Group (605499 CH) (EB), a China-based functional beverage company, aims to raise around US$1bn in its H-share listing. In this...

Sumeet Singh

CX Daily: U.S.-China Call a Truce, But Global Trade Has Changed Forever

Trade /Cover Story: U.S.-China call a truce, but global trade has changed forever Investment /In Depth: China’s tax collectors target global...

Caixin Global

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...

Brian Freitas

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