Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analysed the earning revision of component stocks of HSCEI in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Xiaomi, ICBC, China Life, CCB, Meituan, Smic, Beigene.</li>
</ul>


We analysed the earning revision of component stocks of HSCEI in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Xiaomi, ICBC, China Life, CCB, Meituan, Smic, Beigene.


HSCEI Index Earning Revision (May): Xiaomi, ICBC, China Life, CCB, Meituan, Smic, Beigene

Global Editor, Base Oil News

Iain Pocock

Global Editor

Global Base Oils and Lubricants Markets

Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

Baseoilnews.com combines daily, weekly and monthly base oils and lubes fundamentals data from every region of the world to build the most comprehensive and up-to-date global picture of the state of the market.

The data and analysis provide key tools to understand current market developments and opportunities and to anticipate how the market is likely to behave in the coming months.

Base oils producers, lube blenders and consumers can then better plan accordingly.

Baseoilnews.com analyses and publishes market news and data every day as it breaks.

Commodities

<ul><li>Global base oils prices mostly hold firm vs feedstock/gasoil prices.</li><li>Firm margins in Asia and Europe point to still-tight supply-demand fundamentals, incentivizing refiners to maintain high output levels.</li><li>Weaker margins in US point to diverging fundamentals compared with other regions.</li></ul>

Global base oils prices mostly hold firm vs feedstock/gasoil prices.Firm margins in Asia and Europe point to still-tight supply-demand fundamentals, incentivizing refiners to maintain high output levels.Weaker margins in US point to diverging fundamentals compared with other regions.

Global base oils margins outlook: Week of 26 May

<ul><li>US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year.</li><li>Persistent US price-discount to CFR India prices coincides with steady flow of heavy-grade base oils shipments from US to India and especially to Pakistan.</li><li>Arbitrage shipments highlight persistent surplus of heavy-grade base oils in US market.</li></ul>

US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year.Persistent US price-discount to CFR India prices coincides with steady flow of heavy-grade base oils shipments from US to India and especially to Pakistan.Arbitrage shipments highlight persistent surplus of heavy-grade base oils in US market.

Global base oils arb outlook: Week of 26 May

<ul><li>Asia’s heavy-grade base oils prices stay high relative to feedstock/gasoil prices.</li><li>Firm margins point to ongoing supply-tightness even with completion of most plant maintenance work.</li><li>Firm margins suggest supply-tightness continues to outweigh signs of more muted demand, incentivizing refiners to boost output of heavy grades.</li></ul>

Asia’s heavy-grade base oils prices stay high relative to feedstock/gasoil prices.Firm margins point to ongoing supply-tightness even with completion of most plant maintenance work.Firm margins suggest supply-tightness continues to outweigh signs of more muted demand, incentivizing refiners to boost output of heavy grades.

Asia base oils supply outlook: Week of 26 May

<ul><li>Asia’s base oils demand likely to weaken in face of seasonal slowdown in consumption and rise in supply.</li><li>Drop in lube demand likely to gather pace from start of Q3 2025.</li><li>Drop in demand could be larger than usual because of weaker-than-expected economic growth.</li></ul>

Asia’s base oils demand likely to weaken in face of seasonal slowdown in consumption and rise in supply.Drop in lube demand likely to gather pace from start of Q3 2025.Drop in demand could be larger than usual because of weaker-than-expected economic growth.

Asia base oils demand outlook: Week of 26 May

China

PetroChina Company Limited explores, develops, and produces crude oil and natural gas.  The Company also refines, transports, and distributes crude oil and petroleum products, produces and sells chemicals, and transmits, markets and sells natural gas.

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PetroChina (857 HK)

HSCEI Index Earning Revision (May): Xiaomi, ICBC, China Life, CCB, Meituan, Smic, Beigene

We analyzed HSCEI's consensus for May 2025 and highlighted changes of EPS in Xiaomi - W, ICBC, China Life, CCB, Meituan - W, Smic, Beigene.

Ke Yan, CFA, FRM

Global base oils margins outlook: Week of 26 May

Global base oils prices mostly hold firm vs feedstock/gasoil prices. Firm margins in Asia and Europe point to still-tight supply-demand...

Base Oil News

Global base oils arb outlook: Week of 26 May

US Group II heavy-grade base oils prices stay unusually weak relative to CFR India prices for the time of year. Persistent US price-discount to...

Base Oil News

Asia base oils supply outlook: Week of 26 May

Asia’s heavy-grade base oils prices stay high relative to feedstock/gasoil prices. Firm margins point to ongoing supply-tightness even with...

Base Oil News

Asia base oils demand outlook: Week of 26 May

Asia’s base oils demand likely to weaken in face of seasonal slowdown in consumption and rise in supply. Drop in lube demand likely to gather pace...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)