APAC IPOs & Placements, Aequitas Research

Ethan Aw

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zkh-group" target="_blank" data-smartkarma-citation="entities:36818:1" rel="noopener">ZKH Group (ZKH US)</a> is looking to raise about US$300m in its upcoming US IPO.  </li>
<li>ZKH Group is a leading maintenance repair and operations (MRO) procurement service platform in China, according to CIC, providing one-stop MRO procurement and management services and digital and fulfillment solutions.</li>
<li>ZKH Group’s revenue has been primarily driven by its product sales segment during the track record period. However, its GMV growth slowed dramatically and its sales growth doesn’t appear sustainable. </li>
</ul>



ZKH Group (ZKH US) is looking to raise about US$300m in its upcoming US IPO.  
ZKH Group is a leading maintenance repair and operations (MRO) procurement service platform in China, according to CIC, providing one-stop MRO procurement and management services and digital and fulfillment solutions.
ZKH Group’s revenue has been primarily driven by its product sales segment during the track record period. However, its GMV growth slowed dramatically and its sales growth doesn’t appear sustainable. 


ZKH Group Pre-IPO - If Only Its Growth Was Sustainable

Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Equity Bottom-Up

<ul><li>Boeing is a globally recognized company in the aerospace industry that was founded in 1916 by William Boeing.</li><li>The company's business model includes three segments: commercial, defense, and services, with the commercial segment being the largest, accounting for nearly 40% of its revenues.</li><li>Boeing has played a crucial role in the evolution of the aviation industry, from fabric airplanes to carbon fiber composite jetliners that can fly long distances without stopping.</li></ul>This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Boeing is a globally recognized company in the aerospace industry that was founded in 1916 by William Boeing.The company's business model includes three segments: commercial, defense, and services, with the commercial segment being the largest, accounting for nearly 40% of its revenues.Boeing has played a crucial role in the evolution of the aviation industry, from fabric airplanes to carbon fiber composite jetliners that can fly long distances without stopping.This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

Boeing: Turbulent Times - [Business Breakdowns, EP.129]

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Boeing delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus regarding earnings.</li><li>In the quarter, Boeing booked 460 net orders and delivered 136 commercial airplanes.</li><li>The results impacted by the continuing losses on MQ-25, the T-7A, Commercial Crew, and three fixed-price development programs hit Boeing in the quarter.</li></ul>

Boeing delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus regarding earnings.In the quarter, Boeing booked 460 net orders and delivered 136 commercial airplanes.The results impacted by the continuing losses on MQ-25, the T-7A, Commercial Crew, and three fixed-price development programs hit Boeing in the quarter.

The Boeing Company: Collaboration With Intel & Other Major Developments

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Tobacco / Cover Story: China’s tobacco monopoly is swept up in corruption probes</li><li>Workers / Eastern province eases upper age limit for construction workers amid labor shortage</li><li>Moon / China plans first crewed moon landing by 2030</li></ul>

Tobacco / Cover Story: China’s tobacco monopoly is swept up in corruption probesWorkers / Eastern province eases upper age limit for construction workers amid labor shortageMoon / China plans first crewed moon landing by 2030

CX Daily: China’s Tobacco Monopoly Is Swept Up in Corruption Probes

<ul><li>After a series of bad results, Boeing managed a mixed quarter to start the year as its revenues were above Wall Street expectations though company reported wider-than-expected losses.</li><li>However, Boeing still expects to deliver 450 737 airplanes this year and plans to increase its rate to 38 per month later this year.</li><li>The company also delivered 130 commercial airplanes in the quarter, steadily increasing rates across critical programs to meet robust demand.</li></ul>

After a series of bad results, Boeing managed a mixed quarter to start the year as its revenues were above Wall Street expectations though company reported wider-than-expected losses.However, Boeing still expects to deliver 450 737 airplanes this year and plans to increase its rate to 38 per month later this year.The company also delivered 130 commercial airplanes in the quarter, steadily increasing rates across critical programs to meet robust demand.

The Boeing Company: Acquisition Of CloudAhoy & Other Developments

United States

The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide.  The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.

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Boeing Co (BA US)

ZKH Group Pre-IPO - If Only Its Growth Was Sustainable

ZKH has refiled its prospectus on 27th Nov 23 and downsized the deal from a reported US$300m in Mar 23 to US$100-150m in Nov 23. We have looked at...

Ethan Aw

Boeing: Turbulent Times - [Business Breakdowns, EP.129]

In summary, Boeing is a major player in the aerospace industry, particularly in the commercial sector, but has faced challenges such as the 737 Max...

Business Breakdowns

The Boeing Company: Collaboration With Intel & Other Major Developments

Boeing delivered a mixed result in the recent quarter, with revenues above market expectations, but it failed to surpass the analyst consensus...

Baptista Research

CX Daily: China’s Tobacco Monopoly Is Swept Up in Corruption Probes

Cover Story: China’s tobacco monopoly is swept up in corruption probes. Eastern province eases upper age limit for construction workers amid labor...

Caixin Global

The Boeing Company: Acquisition Of CloudAhoy & Other Developments

After a series of bad results, Boeing managed a mixed quarter to start the year as its revenues were above Wall Street expectations though company...

Baptista Research

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