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 Dec 6th which has an aggregated short interest worth USD22.3bn.</li>
<li>We tabulate league table 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 Hon Hai Precision Industry, Asia Vital Components, Elite Material, Asustek Computer.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Dec 6th which has an aggregated short interest worth USD22.3bn.
We tabulate league table 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 Hon Hai Precision Industry, Asia Vital Components, Elite Material, Asustek Computer.


TWSE Short Interest Weekly (Dec 6th): Hon Hai Precision Industry, Asia Vital Components

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: +23.5% Premium; Decent Level to Short Relative to Historical Trading Range</li>
<li>UMC: +0.1% Premium; Middle of the Historical Trading Range; Short Interest Rises Again</li>
<li>ASE: +3.5% Premium; Near Middle of Recent Range, Wait for Better Levels</li>
</ul>


TSMC: +23.5% Premium; Decent Level to Short Relative to Historical Trading Range
UMC: +0.1% Premium; Middle of the Historical Trading Range; Short Interest Rises Again
ASE: +3.5% Premium; Near Middle of Recent Range, Wait for Better Levels


Taiwan Dual-Listings Monitor: TSMC Spread At Decent Short Level; UMC Short Interest Rises Again

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Nov 29th which has an aggregated short interest worth USD21.6bn.</li>
<li>We tabulate league table 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 Hon Hai Precision Industry, Wan Hai Lines, Wiwynn, Winbond Electronics, Lite-On Technology, Elite Material, Foxconn Technology.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Nov 29th which has an aggregated short interest worth USD21.6bn.
We tabulate league table 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 Hon Hai Precision Industry, Wan Hai Lines, Wiwynn, Winbond Electronics, Lite-On Technology, Elite Material, Foxconn Technology.


TWSE Short Interest Weekly (Nov 29th): Hon Hai, Wan Hai Lines, Wiwynn, Winbond Electronics, Lite-On

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Nov 29th which has an aggregated holding worth USD969.3bn.</li>
<li>We estimate that foreign flows to be outflows of USD2,625mln. We tabulate the league table 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 Catcher Technology, TSMC, Hon Hai Precision Industry, Asustek Computer, UMC, Mediatek.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Nov 29th which has an aggregated holding worth USD969.3bn.
We estimate that foreign flows to be outflows of USD2,625mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Catcher Technology, TSMC, Hon Hai Precision Industry, Asustek Computer, UMC, Mediatek.


TWSE Foreign Holding Weekly (Nov 29th): Catcher Technology, TSMC, Hon Hai, Asustek Computer, UMC

<ul>
<li>TSMC: +20.4% Premium; ADR Premium is Approaching a Short Level</li>
<li>UMC: +0.7% Premium; Short Interest Soars to New Two-Year Highs</li>
<li>ASE: +4.2% Premium; ADR Headroom Falls to 100% Maxed Out</li>
</ul>


TSMC: +20.4% Premium; ADR Premium is Approaching a Short Level
UMC: +0.7% Premium; Short Interest Soars to New Two-Year Highs
ASE: +4.2% Premium; ADR Headroom Falls to 100% Maxed Out


Taiwan Dual-Listings Monitor: TSMC Spread Approaching Short Level; UMC Short Interest Soars Higher

Taiwan

ASE Technology Holding Co., Ltd. offers assembly and testing services. The Company provides outsourced assembly, semiconductor testing, semiconductor packaging, and other related services. ASE Technology Holding operates in Taiwan.

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ASE Technology Holding (3711 TT)

TWSE Short Interest Weekly (Dec 6th): Hon Hai Precision Industry, Asia Vital Components

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Hon Hai Precision Industry, Asia Vital...

Ke Yan, CFA, FRM

Taiwan Dual-Listings Monitor: TSMC Spread At Decent Short Level; UMC Short Interest Rises Again

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

Vincent Fernando, CFA

TWSE Short Interest Weekly (Nov 29th): Hon Hai, Wan Hai Lines, Wiwynn, Winbond Electronics, Lite-On

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Hon Hai Precision Industry, Wan Hai Lines,...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Nov 29th): Catcher Technology, TSMC, Hon Hai, Asustek Computer, UMC

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Catcher Technology, TSMC, Hon Hai Precision...

Ke Yan, CFA, FRM

Taiwan Dual-Listings Monitor: TSMC Spread Approaching Short Level; UMC Short Interest Soars Higher

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

Vincent Fernando, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)