IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Bottom-Up

After a stonking IPO, <a href="https://www.smartkarma.com/entities/27250" target="_blank" data-smartkarma-citation="entities:27250:1">Pinduoduo (PDD US)</a> has faced a barrage of negative press reports rightly highlighting the number of counterfeit products available on the platform. The situation reached a fever pitch when on Wednesday, China’s State Administration for Market Regulation (SAMR) asked Shanghai regulators to launch an investigation into the sale of counterfeit products and items that infringe copyrights on Pinduoduo. SAMR also said, “regardless of whether it is by third parties or internal…

After a stonking IPO, Pinduoduo (PDD US) has faced a barrage of negative press reports rightly highlighting the number of counterfeit products available on the platform. The situation reached a fever pitch when on Wednesday, China’s State Administration for Market Regulation (SAMR) asked Shanghai regulators to launch an investigation into the sale of counterfeit products and items that infringe copyrights on Pinduoduo. SAMR also said, “regardless of whether it is by third parties or internal…

Pinduoduo (PDD US): Keep Calm and Ride the Storm

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

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<a href="https://www.smartkarma.com/entities/27346" target="_blank" data-smartkarma-citation="entities:27346:1">Sonos Inc (SONO US)</a> is an IPO which is expected to get completed in the US in August/early September. The Sonos IPO is expected be be priced between US$17 to US$19 per share, suggesting market cap up to US$1.9 billion. In 2012, the company's implied valuation was US$682 million in a Series D private funding. We are interested in analyzing Sonos not just because of its merits as an investment opportunity but also because it could help us to better understand the competitive dynamics of the…
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Sonos Inc (SONO US) is an IPO which is expected to get completed in the US in August/early September. The Sonos IPO is expected be be priced between US$17 to US$19 per share, suggesting market cap up to US$1.9 billion. In 2012, the company's implied valuation was US$682 million in a Series D private funding. We are interested in analyzing Sonos not just because of its merits as an investment opportunity but also because it could help us to better understand the competitive dynamics of the…


Sonos IPO Preview (Part 1): To Fill Every Home with Music

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Today's key points:<ul>
<li>Property &amp; Casualty Insurance names are staging price and RS reversal and/or breakouts.</li>
<li>Airlines are staging price and SR reversals to the upside and/or are breaking out.</li>
<li>Railroad related names are breaking out.</li>
<li>We have been bearish on the Semiconductor and Suppliers industry since February; however we are seeing some near term reversals at support levels.</li>
</ul>Highlighted charts: SUP, CMG, LOCO, MCS, EXPE, AMZN, WBA, K, NR, NOV, SLCA, BHGE, OIS, HLX, JPM, WFC, KEY, AXP, AFL, TMK, HSIC, ZBH, OMCL, ANTM, LLY, PFE, AGN, B, WM, ESND, ECHO, and SKYW.

Today's key points:
Property &amp; Casualty Insurance names are staging price and RS reversal and/or breakouts.
Airlines are staging price and SR reversals to the upside and/or are breaking out.
Railroad related names are breaking out.
We have been bearish on the Semiconductor and Suppliers industry since February; however we are seeing some near term reversals at support levels.
Highlighted charts: SUP, CMG, LOCO, MCS, EXPE, AMZN, WBA, K, NR, NOV, SLCA, BHGE, OIS, HLX, JPM, WFC, KEY, AXP, AFL, TMK, HSIC, ZBH, OMCL, ANTM, LLY, PFE, AGN, B, WM, ESND, ECHO, and SKYW.

U.S. Vital Signs - Actionable Charts of the Day

IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

IPO and L/S equity, 2015 Starmine top stock picker

Below is a recap of the key IPO research produced by the Global Equity Research team. This week we highlight bullish research on Pinduoduo, cautious thoughts on China Tower, a weak Cango IPO and a read-across to our bullish meeting with Amazon management in May which was reflected in its earnings beat this week.
All of our key IPO research, as well as our feedback from meetings with company management, are listed below.
Best of luck for the new week - Arun, Venkat and Rickin

Below is a recap of the key IPO research produced by the Global Equity Research team. This week we highlight bullish research on Pinduoduo, cautious thoughts on China Tower, a weak Cango IPO and a read-across to our bullish meeting with Amazon management in May which was reflected in its earnings beat this week.
All of our key IPO research, as well as our feedback from meetings with company management, are listed below.
Best of luck for the new week - Arun, Venkat and Rickin

Last Week in GER Research: Pindoudou, China Tower, Cango, Amazon, Aurora, Hope Ed., Ascletis and STX

Thematic (Sector/Industry)

There has been a disturbing trend among many Korean investors (many of whom are retail) that is worth noting, which is the fact that there has been a huge rush to buy stocks in overseas markets in the past year. In fact, according to Korea Securities Depository, the amount of overseas stocks invested by the Koreans in this country were US$17.9 billion won as of July 25th, up 93% YoY from US$9.3 billion won a year ago. Most of this increase is from additional capital invested in overseas stocks…

There has been a disturbing trend among many Korean investors (many of whom are retail) that is worth noting, which is the fact that there has been a huge rush to buy stocks in overseas markets in the past year. In fact, according to Korea Securities Depository, the amount of overseas stocks invested by the Koreans in this country were US$17.9 billion won as of July 25th, up 93% YoY from US$9.3 billion won a year ago. Most of this increase is from additional capital invested in overseas stocks…

A Disturbing Trend Among Korean Investors but an Opportunity for Smartkarma & Others?

United States

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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Amazon (AMZN US)

Pinduoduo (PDD US): Keep Calm and Ride the Storm

After a stonking IPO, Pinduoduo (PDD US) has faced a barrage of negative press reports rightly highlighting the number of counterfeit products...

Arun George

Sonos IPO Preview (Part 1): To Fill Every Home with Music

Sonos Inc (SONO US) is an IPO which is expected to get completed in the US in August/early September. The Sonos IPO is expected be be priced...

Douglas Kim

U.S. Vital Signs - Actionable Charts of the Day

Today's key points: Property & Casualty Insurance names are staging price and RS reversal and/or breakouts. Airlines are staging price and SR...

Vermilion Research

Last Week in GER Research: Pindoudou, China Tower, Cango, Amazon, Aurora, Hope Ed., Ascletis and STX

Below is a recap of the key IPO research produced by the Global Equity Research team. This week we highlight bullish research on Pinduoduo,...

Rickin Thakrar

A Disturbing Trend Among Korean Investors but an Opportunity for Smartkarma & Others?

There has been a disturbing trend among many Korean investors (many of whom are retail) that is worth noting, which is the fact that there has been...

Douglas Kim

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52-week Range

Market Cap (USDm)

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