Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/resonac-holdings-corp" target="_blank" data-smartkarma-citation="entities:1496:1" rel="noopener">Resonac Holdings (4004 JP)</a> is worth more than ¥200/share over the medium-term. But expect this <a href="https://www.smartkarma.com/entities/crasus-chemical" target="_blank" data-smartkarma-citation="entities:58630:1" rel="noopener">Crasus Chemical (646A JP)</a> spinoff to create trading and accumulation opportunities in the near future.</li>
<li>
<a href="https://www.smartkarma.com/entities/tokio-marine-holdings-inc" target="_blank" data-smartkarma-citation="entities:7591:1" rel="noopener">Tokio Marine (8766 JP)</a> reportedly identified <a href="https://www.smartkarma.com/entities/suncorp-group-ltd" target="_blank" data-smartkarma-citation="entities:4218:1" rel="noopener">Suncorp (SUN AU)</a>. It's a clean play after selling Suncorp Bank to ANZ. <a href="https://www.smartkarma.com/entities/insurance-australia-group-ltd" target="_blank" data-smartkarma-citation="entities:712:1" rel="noopener">IAG (IAG AU)</a> is now cleaner after settling the Greensill litigation.</li>
<li>
<a href="https://www.smartkarma.com/entities/legend-holdings-corporation-class-h" target="_blank" data-smartkarma-citation="entities:517:1" rel="noopener">Legend Holdings (3396 HK)</a> remains deeply valued. It is now seeking to offload its 90% stake in Banque Internationale à Luxembourg for ~HK$23bn. </li>
</ul>



Resonac Holdings (4004 JP) is worth more than ¥200/share over the medium-term. But expect this Crasus Chemical (646A JP) spinoff to create trading and accumulation opportunities in the near future.

Tokio Marine (8766 JP) reportedly identified Suncorp (SUN AU). It's a clean play after selling Suncorp Bank to ANZ. IAG (IAG AU) is now cleaner after settling the Greensill litigation.

Legend Holdings (3396 HK) remains deeply valued. It is now seeking to offload its 90% stake in Banque Internationale à Luxembourg for ~HK$23bn. 


Last Week In Event SPACE: Resonac, Tokio Marine/Suncorp/IAG, Legend, Chery Automobile

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

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Gaming / In Depth: Video Game Studios Bank on AI FutureService /China Doubles Down on Policy Drive to Boost Service SpendingCorruption /Peking University Vice President Investigated for GraftBanks /Exclusive: Chinese Banks Guided to Help Clear SOE Arrears to Private Firms

CX Daily: Video Game Studios Bank on AI Future 

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

Hunan Yuneng New Energy Battery Material / Equity Capital Markets

Hunan Yuneng New Energy Battery Material (301358 CH)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hunan-yuneng-new-energy-battery-material-co-ltd" target="_blank" data-smartkarma-citation="entities:40312:1" rel="noopener">Hunan Yuneng New Energy Battery Material (301358 CH)</a> (HYNEB), a new energy materials company, aims to raise around US$600m in its H-share listing.</li>
<li>HYNEB focuses on the research and development, manufacturing and sales of phosphate-based cathode materials, primarily lithium iron phosphate (LFP) cathode materials.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



Hunan Yuneng New Energy Battery Material (301358 CH) (HYNEB), a new energy materials company, aims to raise around US$600m in its H-share listing.
HYNEB focuses on the research and development, manufacturing and sales of phosphate-based cathode materials, primarily lithium iron phosphate (LFP) cathode materials.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Aequitas: Hunan Yuneng New Energy Battery Material A/H - Dominant Position but Volatile Earnings

Thematic (Sector/Industry)

<ul><li>Chinese automakers are pushing deeper into Central Asian markets through exports and manufacturing localization after Russia’s crackdown on a lucrative loophole that allowed re-exports of vehicles through Eurasian Economic Union (EAEU) member states.</li><li>Carmakers including Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd. (<a href="https://www.smartkarma.com/000625.SZ" target="_blank" rel="noopener">000625.SZ</a>), Anhui Jianghuai Automobile Group Corp. Ltd. (JAC) (<a href="https://www.smartkarma.com/600418.SH" target="_blank" rel="noopener">600418.SH</a>) and Great Wall Motor Co. Ltd. have built a presence in the Kazakhstani market, which has developed a major taste for Chinese vehicles.</li><li>Last year, China-made cars accounted for 39% of the 205,111 vehicles sold in Kazakhstan, the region’s largest economy.</li></ul>

Chinese automakers are pushing deeper into Central Asian markets through exports and manufacturing localization after Russia’s crackdown on a lucrative loophole that allowed re-exports of vehicles through Eurasian Economic Union (EAEU) member states.Carmakers including Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd. (000625.SZ), Anhui Jianghuai Automobile Group Corp. Ltd. (JAC) (600418.SH) and Great Wall Motor Co. Ltd. have built a presence in the Kazakhstani market, which has developed a major taste for Chinese vehicles.Last year, China-made cars accounted for 39% of the 205,111 vehicles sold in Kazakhstan, the region’s largest economy.

Chinese Carmakers Expand Into Growing Central Asian Markets 

<ul><li>Livestreaming / Cover Story: Livestreamed stock tips worry regulators as novice investors rush in</li><li>Trade /Analysis: Southeast Asia gained from Trump’s China tariffs</li><li>Supply chains /In Depth: Trump is already shaking up U.S.-China trade</li></ul>

Livestreaming / Cover Story: Livestreamed stock tips worry regulators as novice investors rush inTrade /Analysis: Southeast Asia gained from Trump’s China tariffsSupply chains /In Depth: Trump is already shaking up U.S.-China trade

CX Daily: Livestreamed Stock Tips Worry Regulators as Novice Investors Rush In 

China

Chery Automobile is a Chinese automobile manufacturer that designs, develops, manufactures, and sells passenger vehicles, automotive parts, and components. It offers internal combustion engines and new energy vehicles under brands such as CHERY, JETOUR, EXEED, iCAR, and LUXEED. The company is headquartered in Wuhu, Anhui, China, and was founded in 1997.

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Chery (9973 HK)

Last Week In Event SPACE: Resonac, Tokio Marine/Suncorp/IAG, Legend, Chery Automobile

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

CX Daily: Video Game Studios Bank on AI Future

TOP STORIES Gaming / In Depth: Video Game Studios Bank on AI Future Video game studios are using artificial intelligence (AI) to reshape how...

Caixin Global

Aequitas: Hunan Yuneng New Energy Battery Material A/H - Dominant Position but Volatile Earnings

Hunan Yuneng New Energy Battery Material (301358 CH) (HYNEB), a new energy materials company, aims to raise around US$600m in its H-share listing....

Sumeet Singh

Chinese Carmakers Expand Into Growing Central Asian Markets

Chinese automakers are pushing deeper into Central Asian markets through exports and manufacturing localization after Russia’s crackdown on a...

Caixin Global

CX Daily: Livestreamed Stock Tips Worry Regulators as Novice Investors Rush In

Livestreaming / Cover Story: Livestreamed stock tips worry regulators as novice investors rush in While livestreaming and social media have made...

Caixin Global

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