Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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/bundl-technologies-private-limited-swiggy" target="_blank" data-smartkarma-citation="entities:35630:1" rel="noopener">Swiggy</a> Limited raised around US$1.35bn in its India IPO, although the demand wasn't great.</li>
<li>Swiggy Limited is a business to commerce (B2C) marketplace company offering users a platform for ordering grocery and household items (Instamart) and food delivery, through its on-demand delivery network.</li>
<li>In our previous notes, we looked at the company’s past performance and valuations. In this note, we will talk about the trading dynamics.</li>
</ul>



Swiggy Limited raised around US$1.35bn in its India IPO, although the demand wasn't great.
Swiggy Limited is a business to commerce (B2C) marketplace company offering users a platform for ordering grocery and household items (Instamart) and food delivery, through its on-demand delivery network.
In our previous notes, we looked at the company’s past performance and valuations. In this note, we will talk about the trading dynamics.


Swiggy IPO Trading - Decent Anchor but Tepid Overall Demand

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Adani Ports & Special Economic Zone / Equity Bottom-Up

<ul><li>Adani Ports &amp; SEZ (APSEZ) reported a revenue growth of 6% YoY to INR70.7b in 2QFY25 (in line).</li><li>Cargo volumes grew 10% YoY to 111mmt.</li><li>The growth was primarily driven by containers (+19% YoY).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Adani Ports &amp; SEZ (APSEZ) reported a revenue growth of 6% YoY to INR70.7b in 2QFY25 (in line).Cargo volumes grew 10% YoY to 111mmt.The growth was primarily driven by containers (+19% YoY).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Adani Ports & SEZ - In-Line Performance; Outlook Remains Bright

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

Adani Ports & Special Economic Zone / Credit

<ul>
<li>Adani Ports and Special Economic Zone (APSEZ) has reported stable H1/24-25 results.</li>
<li>Cargo volumes grew 9% y-o-y, below management’s full-year guidance of a 13-18% increase, owing to one-off disruptions.</li>
<li>That said, EBITDA climbed 13% (at the higher end of forecasts), thanks to better capacity utilisation and improved operating efficiency at the company's domestic and international ports.</li>
</ul>


Adani Ports and Special Economic Zone (APSEZ) has reported stable H1/24-25 results.
Cargo volumes grew 9% y-o-y, below management’s full-year guidance of a 13-18% increase, owing to one-off disruptions.
That said, EBITDA climbed 13% (at the higher end of forecasts), thanks to better capacity utilisation and improved operating efficiency at the company's domestic and international ports.


Adani Ports - Earnings Flash - H1 FY 2024-25 Results - Lucror Analytics

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>After a 4-weeks slump, the <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY INDEX</a> may be reaching the point where it reverses and rally. The LONG model for this pattern was presented in a <a href="https://www.smartkarma.com/insights/eqd-is-the-nifty-a-buy-here" target="_blank" rel="noopener">previous insight</a>. </li>
<li>If the index goes higher from here, where will it encounter resistance? Can it rally far? or will it just bounce and fall again?</li>
<li>The goal of this insight is to show if the potential upcoming rally has legs.</li>
</ul>


After a 4-weeks slump, the NIFTY INDEX may be reaching the point where it reverses and rally. The LONG model for this pattern was presented in a previous insight. 
If the index goes higher from here, where will it encounter resistance? Can it rally far? or will it just bounce and fall again?
The goal of this insight is to show if the potential upcoming rally has legs.


EQD | A NIFTY WEEKLY Rally From Here: How Far Can It Go?

Global Head of Research & Head of Europe, Lucror Analytics

Felix Fischer

Global Head of Research & Head of Europe

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
<ol>
<li><a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" rel="noopener">SK Hynix</a></li>
<li><a href="https://www.smartkarma.com/entities/adani-transmission-ltd" target="_blank" rel="noopener">Adani Transmission</a></li>
<li><a href="https://www.smartkarma.com/entities/adani-green-energy-ltd" target="_blank" rel="noopener">Adani Green Energy</a></li>
<li><a href="https://www.smartkarma.com/entities/cifi-holdings-group-co-ltd" target="_blank" rel="noopener">CIFI Holdings</a></li>
<li><a href="https://www.smartkarma.com/entities/rakuten-group-inc" target="_blank" rel="noopener">Rakuten</a></li>
</ol>
and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:

SK Hynix
Adani Transmission
Adani Green Energy
CIFI Holdings
Rakuten

and more...

India

Adani Ports and Special Economic Zone operates a shipping port on the west coast of India.  The Company's port provides services for bulk and container cargo, crude oil, and railway and other added services.

Adani Ports & Special Economic Zone (ADSEZ IN)

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Adani Ports & Special Economic Zone (ADSEZ IN)

Swiggy IPO Trading - Decent Anchor but Tepid Overall Demand

Swiggy Limited raised around US$1.35bn in its India IPO, although the demand wasn't great with only instis having some interest in the listing.

Sumeet Singh

Adani Ports & SEZ - In-Line Performance; Outlook Remains Bright

Motilal Oswal's research report onAdani Ports & SEZ Adani Ports & SEZ (APSEZ) reported a revenue growth of 6% YoY to INR70.7b in 2QFY25...

Motilal Oswal

Adani Ports - Earnings Flash - H1 FY 2024-25 Results - Lucror Analytics

Adani Ports and Special Economic Zone (APSEZ) has reported stable H1/24-25 results. Cargo volumes grew 9% y-o-y, below management’s full-year...

Lucror Analytics

EQD | A NIFTY WEEKLY Rally From Here: How Far Can It Go?

The NIFTY INDEX could rally from here after the recent slump, but it is unclear if the index can rally for just 1 week (dead cat bounce) or up to 3...

Nico Rosti

Weekly Wrap - 25 Oct 2024

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

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