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

<ul>
<li>China Vanke aims to raise around US$500m in its H-share primary placement.</li>
<li>Vanke had recently stated that it aimed to raise around US$2bn via an A-share private placement, so a placement was expected for sure.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>


China Vanke aims to raise around US$500m in its H-share primary placement.
Vanke had recently stated that it aimed to raise around US$2bn via an A-share private placement, so a placement was expected for sure.
In this note, we will talk about the placement and run the deal through our ECM framework.


China Vanke Placement - A Placement Was Expected, Unclear if It Was This One

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

China Yuanbang Property / Equity Bottom-Up

<ul><li>Following a 3 per cent growth in 2022, China’s gross domestic product (GDP) is expected to grow by 5.2 per cent in 2023, while also producing a quarter of the globe’s 2023 growth.</li><li>Zhongmin Baihui Retail Group noted on Feb 15 that it expects China’s economy to begin the process of recovery.</li><li>The CSOP CSI STAR and ChiNext 50 Index ETF tracks the CSI STAR & CHINEXT 50 Index which selects 50 constituents involved in emerging industries from the SSE STAR market and SZSE ChiNext.</li></ul>

Following a 3 per cent growth in 2022, China’s gross domestic product (GDP) is expected to grow by 5.2 per cent in 2023, while also producing a quarter of the globe’s 2023 growth.Zhongmin Baihui Retail Group noted on Feb 15 that it expects China’s economy to begin the process of recovery.The CSOP CSI STAR and ChiNext 50 Index ETF tracks the CSI STAR & CHINEXT 50 Index which selects 50 constituents involved in emerging industries from the SSE STAR market and SZSE ChiNext.

Cautious optimism for China's steady recovery

Freelance Research Analyst

Tay Hock Meng

<p>In recent weeks, there have been news of several management buyout of companies, including the latest by toll operator, Chinese Merchants Holdings (Pacific) Limited or CM Pacific which was reportedly being offered by its parent listed company in Hong Kong, <a href="https://www.smartkarma.com/insights/china-merchants-holdings-pacific-expressway-to-completion" target="_blank">China Merchants Group Limited (CMH)</a> for a takeout price of about S$1.02 per share, or S$1.8 billion. This latest takeout news along with others prompted us to take a closer look at some of the potential SGX-listed S-Chip property counters that might be seen as takeout candidates in the near term.</p>

In recent weeks, there have been news of several management buyout of companies, including the latest by toll operator, Chinese Merchants Holdings (Pacific) Limited or CM Pacific which was reportedly being offered by its parent listed company in Hong Kong, China Merchants Group Limited (CMH) for a takeout price of about S$1.02 per share, or S$1.8 billion. This latest takeout news along with others prompted us to take a closer look at some of the potential SGX-listed S-Chip property counters that might be seen as takeout candidates in the near term.

Chinese S-Chip Property Companies Slated for Potential Takeout

China

China Yuanbang Property is an investment holding company primarily engaged in the development, management, marketing, and sale of residential and commercial properties. The company focuses on middle to upper-middle income market segments and is also involved in tourism, resorts, hotel, and agricultural tourism development. It was founded in 2006 and is headquartered in Guangzhou, China.

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China Yuanbang Property (CYBP SP)

China Vanke Placement - A Placement Was Expected, Unclear if It Was This One

China Vanke aims to raise around US$500m in its H-share primary placement. In this note, we will talk about the placement and run the deal through...

Sumeet Singh

Cautious optimism for China's steady recovery

Following a 3 per cent growth in 2022, China’s gross domestic product (GDP) is expected to grow by 5.2 per cent in 2023, while also producing a...

Singapore Exchange Ltd (SGX)

Chinese S-Chip Property Companies Slated for Potential Takeout

In recent weeks, there have been news of several management buyout of companies, including the latest by toll operator, Chinese Merchants Holdings...

Tay Hock Meng

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)