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 analyzed the changes in short interest of TWSE Stocks as of Aug 1st. The aggregated short interest was USD25.2bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Nan Ya Plastics, Taishin Financial, Wistron, ASE Industrial, King Yuan Electronics, Nan Ya Plastics, Taishin Financial, Wistron, ASE Industrial, King Yuan Electronics.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Aug 1st. The aggregated short interest was USD25.2bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Nan Ya Plastics, Taishin Financial, Wistron, ASE Industrial, King Yuan Electronics, Nan Ya Plastics, Taishin Financial, Wistron, ASE Industrial, King Yuan Electronics.


TWSE Short Interest Weekly (Aug 1st): Nan Ya Plastics, Taishin Financial, Wistron, ASE Industrial

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>TSMC: +23.9% Premium; Continued Opportunity to Short the ADR Premium</li>
<li>UMC: -0.4% Discount; Wait for More Extreme Levels Before Going Long or Short</li>
<li>ASE: -1.5% Discount; Historically Rare Discount Presents Opportunity to Long the ADR Spread</li>
</ul>


TSMC: +23.9% Premium; Continued Opportunity to Short the ADR Premium
UMC: -0.4% Discount; Wait for More Extreme Levels Before Going Long or Short
ASE: -1.5% Discount; Historically Rare Discount Presents Opportunity to Long the ADR Spread


Taiwan Dual-Listings Monitor: TSMC Spread Short Setup, ASE ADR at Historically Rare Discount

<ul>
<li>MediaTek Reportedly Wins Meta’s 2nm AI Chip Order Over Broadcom</li>
<li>Memory Monitor: SK Hynix Vs. Micron -- Different Speeds &amp; Focus, Same Structural Shift </li>
<li>Semi Key Indicators Q2 2025: PC, Smartphone Unit Shipments, Global Semi &amp; WFE Sales All Looking Good </li>
</ul>


MediaTek Reportedly Wins Meta’s 2nm AI Chip Order Over Broadcom
Memory Monitor: SK Hynix Vs. Micron -- Different Speeds &amp; Focus, Same Structural Shift 
Semi Key Indicators Q2 2025: PC, Smartphone Unit Shipments, Global Semi &amp; WFE Sales All Looking Good 


Taiwan Tech Weekly: Mediatek Reportedly Bests Broadcom for Meta Custom Chip Win; Semi Key Indicators

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 25th. The aggregated holding was USD1,172.5bn.</li>
<li>We estimate that foreign flows to be inflows of USD3,804mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Taishin Financial, Hon Hai Precision, TSMC, MediaTek, CTBC Financial, Taishin Financial, Hon Hai Precision, TSMC, Mediatek, Ctbc Financial.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 25th. The aggregated holding was USD1,172.5bn.
We estimate that foreign flows to be inflows of USD3,804mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Taishin Financial, Hon Hai Precision, TSMC, MediaTek, CTBC Financial, Taishin Financial, Hon Hai Precision, TSMC, Mediatek, Ctbc Financial.


TWSE Foreign Holding Weekly (Jul 25th): Taishin Financial, Hon Hai Precision, TSMC, MediaTek

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jul 25th. The aggregated short interest was USD25.5bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial, Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jul 25th. The aggregated short interest was USD25.5bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial, Jinan Acetate Chemical, LARGAN Precision, MiTAC, CTBC Financial, Taishin Financial.


TWSE Short Interest Weekly (Jul 25th): Jinan Acetate Chemical, LARGAN Precision, MiTAC

Taiwan

United Microelectronics Corporation designs, manufactures, and markets integrated circuits (ICs) and related electronic products.  The Company's main products are consumer electronic ICs, memory ICs, personal computer peripheral ICs, and communication ICs.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

United Microelectronics Corp (2303 TT)

TWSE Short Interest Weekly (Aug 1st): Nan Ya Plastics, Taishin Financial, Wistron, ASE Industrial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Nan Ya Plastics (1303 TT), Taishin Financial...

Ke Yan, CFA, FRM

Taiwan Dual-Listings Monitor: TSMC Spread Short Setup, ASE ADR at Historically Rare Discount

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Taiwan Tech Weekly: Mediatek Reportedly Bests Broadcom for Meta Custom Chip Win; Semi Key Indicators

MediaTek secures order for Meta's 2nm AI chip, SK Hynix and Micron show different speeds and focus in memory market, positive outlook for PC,...

Vincent Fernando, CFA

TWSE Foreign Holding Weekly (Jul 25th): Taishin Financial, Hon Hai Precision, TSMC, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Taishin Financial (2887 TT), Hon Hai Precision...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jul 25th): Jinan Acetate Chemical, LARGAN Precision, MiTAC

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Jinan Acetate Chemical (4763 TT), LARGAN...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

TWSE Short Interest Weekly (Aug 1st): Nan Ya Plastics, Taishin Financial, Wistron, ASE Industrial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Nan Ya Plastics (1303 TT), Taishin Financial...

Ke Yan, CFA, FRM

Taiwan Dual-Listings Monitor: TSMC Spread Short Setup, ASE ADR at Historically Rare Discount

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Taiwan Tech Weekly: Mediatek Reportedly Bests Broadcom for Meta Custom Chip Win; Semi Key Indicators

​MediaTek secures order for Meta's 2nm AI chip, SK Hynix and Micron show different speeds and focus in memory market, positive outlook for PC,...

Vincent Fernando, CFA

TWSE Foreign Holding Weekly (Jul 25th): Taishin Financial, Hon Hai Precision, TSMC, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Taishin Financial (2887 TT), Hon Hai Precision...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jul 25th): Jinan Acetate Chemical, LARGAN Precision, MiTAC

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Jinan Acetate Chemical (4763 TT), LARGAN...

Ke Yan, CFA, FRM

MediaTek secures order for Meta's 2nm AI chip, SK Hynix and Micron show different speeds and focus in memory market, positive outlook for PC,...