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 latest HK SFC report for aggregate short position as of Dec 22nd.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Link Reit, Kuaishou, Ntes, Wuxi Bio.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Dec 22nd.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Link Reit, Kuaishou, Ntes, Wuxi Bio.


HK Short Interest Weekly: Link Reit, Kuaishou, Ntes, Wuxi Bio

Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy Research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>LKNCY : Luckin Coffee offer special locations for franchisees (+)</li>
<li>XPEV: XPeng's urban NOA function remains in the lead (+)</li>
<li>1211 HK/XPEV/LI/NIO:  Huawei rumored to cease cooperation with major automotive portals such as Dongchedi (+)</li>
</ul>


LKNCY : Luckin Coffee offer special locations for franchisees (+)
XPEV: XPeng's urban NOA function remains in the lead (+)
1211 HK/XPEV/LI/NIO:  Huawei rumored to cease cooperation with major automotive portals such as Dongchedi (+)


[Blue Lotus Daily]:LKNCY/1211 HK/XPEV/LI/NIO

<ul>
<li>1810 HK/XPEV/NIO/1211HK: ZEEKR 007 hits the market, starting at 209,900 yuan (-)</li>
<li>LKNCY: Luckin plans to set up the third roasting factory, with annual capacity of 55k tons.(+)</li>
<li>1347.HK/688469.SH/603290.SH/605111.SH: Analog Devices raising semiconductor prices by 10-20% for China customers (+)</li>
</ul>


1810 HK/XPEV/NIO/1211HK: ZEEKR 007 hits the market, starting at 209,900 yuan (-)
LKNCY: Luckin plans to set up the third roasting factory, with annual capacity of 55k tons.(+)
1347.HK/688469.SH/603290.SH/605111.SH: Analog Devices raising semiconductor prices by 10-20% for China customers (+)


[Blue Lotus Daily]: 1810 HK/XPEV/NIO/1211HK/LKNCY/1347.HK/688469.SH/603290.SH/605111.SH

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

Equity Bottom-Up

<ul>
<li>BYD’s sales volume grew by 45% YoY in December, higher than 31% YoY in November.</li>
<li>For the whole year 2023, BYD's total sales volume rose by 62%.</li>
<li>We conclude the stock has an upside of 74% for 2024.</li>
</ul>


BYD’s sales volume grew by 45% YoY in December, higher than 31% YoY in November.
For the whole year 2023, BYD's total sales volume rose by 62%.
We conclude the stock has an upside of 74% for 2024.


BYD (1211 HK): Sales Volume Up by 62% in 2023

<ul>
<li>We analyse the changes of A-H premium on 146 stocks over the last week. The average A-H premium was 123.1% as of Dec 29th.</li>
<li>The average A-H premium changed by -4.6ppt week on week, led by communication services, health care, consumer discretionary and offset by consumer staples.</li>
<li>We highlight weekly changes in A-H premium for China Tourism, ZTE, Datang Intl, First Tractor, Hua Hong Semi.</li>
</ul>


We analyse the changes of A-H premium on 146 stocks over the last week. The average A-H premium was 123.1% as of Dec 29th.
The average A-H premium changed by -4.6ppt week on week, led by communication services, health care, consumer discretionary and offset by consumer staples.
We highlight weekly changes in A-H premium for China Tourism, ZTE, Datang Intl, First Tractor, Hua Hong Semi.


A-H Premium Weekly (Dec 29th): China Tourism, ZTE, Datang Intl, First Tractor, Hua Hong Semi

China

BYD Company Limited, through its subsidiaries, manufactures and sells automobiles. The Company also researches, develops, manufactures and sells batteries, which are applied on mobile phones, cordless phones, power tools and other kinds of portable electronic devices.

Price Gauge
52-week Range	0.00 - 0.00
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BYD (1211 HK)

HK Short Interest Weekly: Link Reit, Kuaishou, Ntes, Wuxi Bio

We analyzed the latest HK SFC report for aggregate short position as of Dec 22nd and highlight short interest changes in Link Reit, Kuaishou, Ntes,...

Ke Yan, CFA, FRM

[Blue Lotus Daily]:LKNCY/1211 HK/XPEV/LI/NIO

Luckin Coffee offers special locations for franchisees; XPeng's urban NOA function is leading; Huawei rumored to cease cooperation with major...

Blue Lotus Research Institute

[Blue Lotus Daily]: 1810 HK/XPEV/NIO/1211HK/LKNCY/1347.HK/688469.SH/603290.SH/605111.SH

New electric vehicle ZEEKR 007 launches in China at 209,900 yuan. Luckin Coffee to establish a new roasting factory. Analog Devices increases...

Blue Lotus Research Institute

BYD (1211 HK): Sales Volume Up by 62% in 2023

BYD’s sales volume grew by 45% YoY in December, higher than 31% YoY in November. For the whole year 2023, total sales volume rose by 62%. We...

Ming Lu

A-H Premium Weekly (Dec 29th): China Tourism, ZTE, Datang Intl, First Tractor, Hua Hong Semi

We analyzed A-H premium changes in the past week and highlighted A-H premium changes for China Tourism, ZTE, Datang Intl, First Tractor, Hua Hong...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HK Short Interest Weekly: Link Reit, Kuaishou, Ntes, Wuxi Bio

We analyzed the latest HK SFC report for aggregate short position as of Dec 22nd and highlight short interest changes in Link Reit, Kuaishou, Ntes,...

Ke Yan, CFA, FRM

[Blue Lotus Daily]:LKNCY/1211 HK/XPEV/LI/NIO

​Luckin Coffee offers special locations for franchisees; XPeng's urban NOA function is leading; Huawei rumored to cease cooperation with major...

Blue Lotus Research Institute

[Blue Lotus Daily]: 1810 HK/XPEV/NIO/1211HK/LKNCY/1347.HK/688469.SH/603290.SH/605111.SH

​New electric vehicle ZEEKR 007 launches in China at 209,900 yuan. Luckin Coffee to establish a new roasting factory. Analog Devices increases...

Blue Lotus Research Institute

BYD (1211 HK): Sales Volume Up by 62% in 2023

BYD’s sales volume grew by 45% YoY in December, higher than 31% YoY in November. For the whole year 2023, total sales volume rose by 62%. We...

Ming Lu

A-H Premium Weekly (Dec 29th): China Tourism, ZTE, Datang Intl, First Tractor, Hua Hong Semi

We analyzed A-H premium changes in the past week and highlighted A-H premium changes for China Tourism, ZTE, Datang Intl, First Tractor, Hua Hong...

Ke Yan, CFA, FRM

Luckin Coffee offers special locations for franchisees; XPeng's urban NOA function is leading; Huawei rumored to cease cooperation with major...

New electric vehicle ZEEKR 007 launches in China at 209,900 yuan. Luckin Coffee to establish a new roasting factory. Analog Devices increases...