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 analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>Consumer staples and information technology led the outflows of the market.</li>
<li>Stocks we highlighted include Zijin Mining, Nari, Wuxi Apptec, Sungrow, Moutai, Wuliangye, Yangtze Power, East Money</li>
</ul>


We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.
Consumer staples and information technology led the outflows of the market.
Stocks we highlighted include Zijin Mining, Nari, Wuxi Apptec, Sungrow, Moutai, Wuliangye, Yangtze Power, East Money


Northbound Flows: Moutai, Wuliangye, Yangtze Power, East Money

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Mar 18. </li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short interests increases for HKEx, Nongfu Spring, and Baidu. </li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Mar 18. 
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short interests increases for HKEx, Nongfu Spring, and Baidu. 


HK Short Interest: Short Spiked for HKEx, Nongfu, Baidu

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Mar 11.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short interest increases for HSBC, Techtronic, SHK Properties, Kuaishou. </li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Mar 11.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short interest increases for HSBC, Techtronic, SHK Properties, Kuaishou. 


HK Short Interest: HSBC, Techtronic, SHK Properties, Kuaishou

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

<ul>
<li>Short notional in Hong Kong is HK$488bn and has been falling mainly as a result of a falling market. Short interest has increased substantially from end January.</li>
<li>From 31 January to 4 March, the largest shorts have been built on Tencent, China Merchants Bank, AIA Group Ltd, Alibaba, JD.com, Meituan, Xiaomi, JD Health and Xinyi Solar.</li>
<li>Over the same period, shorts have covered on COSCO Shipping Holdings, HKEX, Longfor Properties, China Construction Bank, Ping An Insurance, Yanzhou Coal Mining Company and HSBC Holdings.</li>
</ul>


Short notional in Hong Kong is HK$488bn and has been falling mainly as a result of a falling market. Short interest has increased substantially from end January.
From 31 January to 4 March, the largest shorts have been built on Tencent, China Merchants Bank, AIA Group Ltd, Alibaba, JD.com, Meituan, Xiaomi, JD Health and Xinyi Solar.
Over the same period, shorts have covered on COSCO Shipping Holdings, HKEX, Longfor Properties, China Construction Bank, Ping An Insurance, Yanzhou Coal Mining Company and HSBC Holdings.


Hong Kong: Where Have Shorts Increased & Decreased?

<ul>
<li>We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.</li>
<li>Most sectors experienced sell down except utilities and energy sector. </li>
<li>Top three sells were CATL, Ping An Insurance, and Moutai. </li>
</ul>


We analyze the weekly Shanghai/Shenzhen northbound Connect flows with our data engine.
Most sectors experienced sell down except utilities and energy sector. 
Top three sells were CATL, Ping An Insurance, and Moutai. 


China

China Merchants Bank Co., Ltd. operates as a commercial bank. The Company provides deposits, loans, wealth management, asset custody, finance leasing, investment banking, and other banking services. China Merchants Bank conducts businesses domestically and internationally.

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China Merchants Bank H (3968 HK)

Northbound Flows: Moutai, Wuliangye, Yangtze Power, East Money

We highlighted top weekly northbound stock connect outflows from Moutai, Wuliangye, China Yangtze Power, East Money at the back drop of three weeks...

Ke Yan, CFA, FRM

HK Short Interest: Short Spiked for HKEx, Nongfu, Baidu

We highlight week on week short interests increases for HKEx, Nongfu Spring, and Baidu based on the latest HK SFC Short aggregate report.

Ke Yan, CFA, FRM

HK Short Interest: HSBC, Techtronic, SHK Properties, Kuaishou

We highlight week on week short interest increases for HSBC, Techtronic, SHK Properties, Kuaishou based on the latest HK SFC short aggregate report.

Ke Yan, CFA, FRM

Hong Kong: Where Have Shorts Increased & Decreased?

From 31 Jan to 4 March, most shorted stocks are Tencent, China Merchants Bank, AIA Group, Alibaba, JD.com, Meituan, Xiaomi, JD Health and Xinyi...

Brian Freitas

Northbound Flows: Big Sell Down

We highlight big sell down of USD 5.6bn last week by northbound investors, and highlight top three weekly sells were CATL, Ping An Insurance, and...

Ke Yan, CFA, FRM

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52-week Range

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