CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<p>We highlight 14 stocks in Asia that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the Asian markets to try to find interesting ideas based on Fundamentals or Valuation or Momentum or Risk or some combination thereof.</p>

We highlight 14 stocks in Asia that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the Asian markets to try to find interesting ideas based on Fundamentals or Valuation or Momentum or Risk or some combination thereof.

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC 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

Alchip Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/alchip-technologies-ltd" target="_blank" data-smartkarma-citation="entities:20219:1" rel="noopener">Alchip Technologies (3661 TT)</a> is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.</li>
<li>Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.</li>
<li>In this note, we run the deal through our ECM framework and comment on deal dynamics.</li>
</ul>



Alchip Technologies (3661 TT) is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.
Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.
In this note, we run the deal through our ECM framework and comment on deal dynamics.


Aequitas: Alchip Technologies - Well Flagged US$515m GDR Offering; Shares Have Traded Down Recently

Powerchip Semiconductor Manufa / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/powerchip-semiconductor-manufa" target="_blank" data-smartkarma-citation="entities:35299:1" rel="noopener">Powerchip Semiconductor Manufacturing (6770 TT)</a> is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.</li>
<li>Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.</li>
<li>In this note, we run the deal through our ECM framework and comment on deal dynamics.</li>
</ul>



Powerchip Semiconductor Manufacturing (6770 TT) is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.
Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.
In this note, we run the deal through our ECM framework and comment on deal dynamics.


Aequitas: Powerchip Semiconductor Manufacturing GDR Offering -

WT Microelectronics / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wt-microelectronics-co-ltd" target="_blank" data-smartkarma-citation="entities:19712:1" rel="noopener">WT Microelectronics (3036 TT)</a> (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.</li>
<li>In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.</li>
<li>Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



WT Microelectronics (3036 TT) (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.
In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.
Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

<ul>
<li>
<a href="https://www.smartkarma.com/entities/powerchip-semiconductor-manufa" target="_blank" data-smartkarma-citation="entities:35299:1" rel="noopener">Powerchip Semiconductor Manufacturing (6770 TT)</a> is looking to raise around US$800m in its upcoming global depository receipts (GDR) offering.</li>
<li>Powerchip Semiconductor Manufacturing (PSMC) is a Taiwanese semiconductor foundry focused on memory chips, specialty DRAM and wafer fabrication services for logic and mixed-signal ICs.</li>
<li>Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



Powerchip Semiconductor Manufacturing (6770 TT) is looking to raise around US$800m in its upcoming global depository receipts (GDR) offering.
Powerchip Semiconductor Manufacturing (PSMC) is a Taiwanese semiconductor foundry focused on memory chips, specialty DRAM and wafer fabrication services for logic and mixed-signal ICs.
Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: Powerchip Semiconductor Manufacturing GDR Early Look - Well Flagged US$800m GDR Offering

Taiwan

Asmedia Technology Inc designs mulitmedia integrated control(IC) chip and high frequency mixed mode IC chip. The company's products inlcude high speed digit switch, nand flash controller and super speed USB controller.

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Asmedia Technology (5269 TT)

The Stocks to Own in Asia – Vol. 30

We highlight 14 stocks in Asia that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the Asia markets...

A. Stotz Investment Research

Aequitas: Alchip Technologies - Well Flagged US$515m GDR Offering; Shares Have Traded Down Recently

Alchip Technologies (3661 TT) Alchip is looking to raise up to US$515m, selling 4m shares (4m GDRs) via a GDR offering, with the proceeds to be...

Akshat Shah

Aequitas: Powerchip Semiconductor Manufacturing GDR Offering -

Powerchip Semiconductor Manufacturing (6770.TT) is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.

Akshat Shah

Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

WT Microelectronics (WT Micro) is looking to raise up to US$1bn in its upcoming global depository receipts (GDRs) offering. The firm is also...

Akshat Shah

Aequitas: Powerchip Semiconductor Manufacturing GDR Early Look - Well Flagged US$800m GDR Offering

Powerchip Semiconductor Manufacturing (6770.TT) is looking to raise around US$800m in its upcoming GDR offering. On 28th Apr'26, it announced its...

Akshat Shah

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