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 analyse the changes of A/H premium on 142 stocks over the last week. </li>
<li>A/H premium declined by 0.6ppt week on week. The decline was led by Information Technology,  consumer discretionary, and communication services. </li>
<li>We highlight A-H premium changes of Asymchem Lab, Shanghai Junshi, Great Wall Motor, Shandong Xinhua, Conch Cement, BBMG, and Sinopec Oilfield.</li>
</ul>


We analyse the changes of A/H premium on 142 stocks over the last week. 
A/H premium declined by 0.6ppt week on week. The decline was led by Information Technology,  consumer discretionary, and communication services. 
We highlight A-H premium changes of Asymchem Lab, Shanghai Junshi, Great Wall Motor, Shandong Xinhua, Conch Cement, BBMG, and Sinopec Oilfield.


A-H Premium Weekly: Asymchem Lab, Shanghai Junshi, Great Wall Motor

<ul>
<li>We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>Financial, material, consumer discretionary led the inflow of USD 1.0bn last week. </li>
<li>We highlight inflows into CMB, China Yangtze Power, BYD, Longi Green Energy, SF Holding.</li>
</ul>


We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.
Financial, material, consumer discretionary led the inflow of USD 1.0bn last week. 
We highlight inflows into CMB, China Yangtze Power, BYD, Longi Green Energy, SF Holding.


Northbound Flows: CMB, China Yangtze Power, BYD, Longi Green Energy, SF Holding

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of May 13th. </li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short interest changes in Meituan, Kuaishou, Li Auto, Bilibi, and Sany Heavy.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of May 13th. 
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short interest changes in Meituan, Kuaishou, Li Auto, Bilibi, and Sany Heavy.


HK Short Interest: Meituan, Kuaishou, Li Auto, Bilibili, Sany

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Equity Capital Markets

Zhejiang Leapmotor Technologie / Equity Capital Markets

<ul>
<li>Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015.</li>
<li>It focuses on the mid- to high-end segment in China’s NEV market with a price range of RMB150,000-300,000. As of end FY21, it had delivered a total of 52,832 cars.</li>
<li>In this note, we talk about the not so positive aspects of the deal.</li>
</ul>


Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015.
It focuses on the mid- to high-end segment in China’s NEV market with a price range of RMB150,000-300,000. As of end FY21, it had delivered a total of 52,832 cars.
In this note, we talk about the not so positive aspects of the deal.


Leapmotor Pre-IPO - The Negatives - Related Party Sanctions, Lags Peers

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of May 6th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight week on week short spike in Bilibili, and Sany Heavy. </li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of May 6th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight week on week short spike in Bilibili, and Sany Heavy. 


HK Short Interest: Short Spikes for Bilibili, Sany Heavy

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.

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BYD (1211 HK)

A-H Premium Weekly: Asymchem Lab, Shanghai Junshi, Great Wall Motor

We highlight A-H premium changes of Asymchem Lab, Shanghai Junshi, Great Wall Motor, Shandong Xinhua, Conch Cement, BBMG, and Sinopec Oilfield last...

Ke Yan, CFA, FRM

Northbound Flows: CMB, China Yangtze Power, BYD, Longi Green Energy, SF Holding

We highlight weekly northbound inflows into China Merchant Bank, China Yangtze Power, BYD, Longi Green Energy, SF Holding, and outflows from...

Ke Yan, CFA, FRM

HK Short Interest: Meituan, Kuaishou, Li Auto, Bilibili, Sany

We highlight short interest changes in Meituan, Kuaishou, Li Auto, Bilibi, and Sany Heavy based on the latest HK SFC short aggregate report.

Ke Yan, CFA, FRM

HK Short Interest: Short Spikes for Bilibili, Sany Heavy

We highlight week on week short spike in Bilibili (9626 HK), and Sany Heavy (631 HK) based on the latest HK SFC Short Aggregate report..

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

A-H Premium Weekly: Asymchem Lab, Shanghai Junshi, Great Wall Motor

We highlight A-H premium changes of Asymchem Lab, Shanghai Junshi, Great Wall Motor, Shandong Xinhua, Conch Cement, BBMG, and Sinopec Oilfield last...

Ke Yan, CFA, FRM

Northbound Flows: CMB, China Yangtze Power, BYD, Longi Green Energy, SF Holding

We highlight weekly northbound inflows into China Merchant Bank, China Yangtze Power, BYD, Longi Green Energy, SF Holding, and outflows from...

Ke Yan, CFA, FRM

HK Short Interest: Meituan, Kuaishou, Li Auto, Bilibili, Sany

We highlight short interest changes in Meituan, Kuaishou, Li Auto, Bilibi, and Sany Heavy based on the latest HK SFC short aggregate report.

Ke Yan, CFA, FRM

Leapmotor Pre-IPO - The Negatives - Related Party Sanctions, Lags Peers

Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015. In this note, we talk...

Sumeet Singh

HK Short Interest: Short Spikes for Bilibili, Sany Heavy

We highlight week on week short spike in Bilibili (9626 HK), and Sany Heavy (631 HK) based on the latest HK SFC Short Aggregate report..

Ke Yan, CFA, FRM