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 analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>We estimate that inflows for June was USD 11bn, led by consumer staple and financial sectors.</li>
<li>We highlight monthly inflows into Moutai, Yili, East Money, Tongwei, and Inovance.</li>
</ul>


We analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.
We estimate that inflows for June was USD 11bn, led by consumer staple and financial sectors.
We highlight monthly inflows into Moutai, Yili, East Money, Tongwei, and Inovance.


Northbound Flows Monthly (June): $11bn Inflows

<ul>
<li>We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>Consumer staple, industrials, and material sector led the inflow of USD 5.7bn last week.</li>
<li>We highlight inflows into Moutai, Yili, China Tourism, Longi, Beijing Orient Yuhong.</li>
</ul>


We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.
Consumer staple, industrials, and material sector led the inflow of USD 5.7bn last week.
We highlight inflows into Moutai, Yili, China Tourism, Longi, Beijing Orient Yuhong.


Northbound Flows: $5.7bn Inflows, Biggest Since Dec

<ul>
<li>We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>The past week recorded inflows of USD 3.8bn, the largest since Feb. Such inflows were led by consumer staples, industrials and materials.</li>
<li>We highlight stocks including Moutai, Wuliangye, CMB, China Tourism Duty Free, and CATL.</li>
</ul>


We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.
The past week recorded inflows of USD 3.8bn, the largest since Feb. Such inflows were led by consumer staples, industrials and materials.
We highlight stocks including Moutai, Wuliangye, CMB, China Tourism Duty Free, and CATL.


Northbound Flows: Biggest Inflow Since Feb

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Shanghai Putailai New Energy T / Event-Driven

<ul>
<li>Inside is a recap of movements in the last week relating to the Hong Kong Stock-Shanghai and Shenzhen Northbound Connect facilities, broken down by company and industry. </li>
<li>Overall, net inflow was ~US$6.1bn, split between Shanghai (+US$3.5bn) and Shenzhen (+US$2.6bn)  </li>
<li>The largest inflows were into <a href="https://www.smartkarma.com/entities/shanghai-putailai-new-ener-a" target="_blank" data-smartkarma-citation="entities:26603:1" rel="noopener">Shanghai Putailai (603659 CH)</a> and <a href="https://www.smartkarma.com/entities/satelltte-chemical-co-ltd" target="_blank" data-smartkarma-citation="entities:4526:1" rel="noopener">Satelltte Chemical (002648 CH)</a>. The largest outflows were in <a href="https://www.smartkarma.com/entities/anhui-conch-cement-co-ltd-094855ab-abec-4b71-956b-5bfc85e22fdd" target="_blank" data-smartkarma-citation="entities:389:1" rel="noopener">Anhui Conch Cement (600585 CH)</a> and <a href="https://www.smartkarma.com/entities/guangzhou-tinci-materials-technlgy" target="_blank" data-smartkarma-citation="entities:20975:1" rel="noopener">Guangzhou Tinci Materials (002709 CH)</a>.</li>
</ul>


Inside is a recap of movements in the last week relating to the Hong Kong Stock-Shanghai and Shenzhen Northbound Connect facilities, broken down by company and industry. 
Overall, net inflow was ~US$6.1bn, split between Shanghai (+US$3.5bn) and Shenzhen (+US$2.6bn)  
The largest inflows were into Shanghai Putailai (603659 CH) and Satelltte Chemical (002648 CH). The largest outflows were in Anhui Conch Cement (600585 CH) and Guangzhou Tinci Materials (002709 CH).


Shanghai/​​Shenzhen Northbound Connect: Weekly Moves (2 June 2022)

<ul>
<li>We analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>Northbound connected recorded inflow of USD 2.7bn in May, led by financisl, utilities and energy sector.</li>
<li>We highlight inflows into CMB, Yangtze Power, Yili, Longi, and Industrial bank, as well as outflows from CATL, Conch, Haitian, Zijin and Tinci. </li>
</ul>


We analyze the monthly Shanghai/Shenzhen northbound Connect flows with our data engine.
Northbound connected recorded inflow of USD 2.7bn in May, led by financisl, utilities and energy sector.
We highlight inflows into CMB, Yangtze Power, Yili, Longi, and Industrial bank, as well as outflows from CATL, Conch, Haitian, Zijin and Tinci. 


Northbound Flows Monthly (May): CMB, Yangtze Power, Yili

China

Anhui Conch Cement Company Limited manufactures cement products. The Company produces silicate cements, slag silicate cements, composite silicate cements, cement clinkers, and other products. Anhui Conch Cement Cement markets its products throughout China and worldwide.

Price Gauge
52-week Range	0.00 - 0.00
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Anhui Conch Cement (914 HK)

Northbound Flows Monthly (June): $11bn Inflows

We estimate $11bn inflow into A-share market through northbound in June and highlight monthly inflows into Moutai, Yili, East Money, Tongwei, and...

Ke Yan, CFA, FRM

Northbound Flows: $5.7bn Inflows, Biggest Since Dec

We highlight northbound Shanghai Shenzhen Connect inflows into Moutai, Yili, China Tourism, Longi, Beijing Orient Yuhong.

Ke Yan, CFA, FRM

Northbound Flows: Biggest Inflow Since Feb

We highlight northbound Shanghai Shenzhen connect net inflows of USD 3.8bn and stocks including Moutai, Wuliangye, CMB, China Tourism Duty Free,...

Ke Yan, CFA, FRM

Shanghai/Shenzhen Northbound Connect: Weekly Moves (2 June 2022)

Overall, net inflow was ~US$6.1bn, split between Shanghai Northbound Connect (+US$3.5bn) and Shenzhen Northbound Connect (+US$2.6bn)

David Blennerhassett

Northbound Flows Monthly (May): CMB, Yangtze Power, Yili

Northbound stock connect recorded inflows of $2.7bn in May. We highlight inflows into CMB, Yangtze Power, Yili, Longi, Industrial bank, as well as...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Northbound Flows Monthly (June): $11bn Inflows

We estimate $11bn inflow into A-share market through northbound in June and highlight monthly inflows into Moutai, Yili, East Money, Tongwei, and...

Ke Yan, CFA, FRM

Northbound Flows: $5.7bn Inflows, Biggest Since Dec

We highlight northbound Shanghai Shenzhen Connect inflows into Moutai, Yili, China Tourism, Longi, Beijing Orient Yuhong.

Ke Yan, CFA, FRM

Northbound Flows: Biggest Inflow Since Feb

We highlight northbound Shanghai Shenzhen connect net inflows of USD 3.8bn and stocks including Moutai, Wuliangye, CMB, China Tourism Duty Free,...

Ke Yan, CFA, FRM

Shanghai/​​Shenzhen Northbound Connect: Weekly Moves (2 June 2022)

Overall, net inflow was ~US$6.1bn, split between Shanghai Northbound Connect (+US$3.5bn) and Shenzhen Northbound Connect (+US$2.6bn)

David Blennerhassett

Northbound Flows Monthly (May): CMB, Yangtze Power, Yili

Northbound stock connect recorded inflows of $2.7bn in May. We highlight inflows into CMB, Yangtze Power, Yili, Longi, Industrial bank, as well as...

Ke Yan, CFA, FRM

Shanghai/Shenzhen Northbound Connect: Weekly Moves (2 June 2022)