Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyse the changes of A-H premium on 185 stocks over the last week. The average A-H premium was 85.6% as of Jun 26th.</li>
<li>The average A-H premium changed by 5.5ppt week-on-week, led by real estate, information technology, utilities and offset by communication services, energy.</li>
<li>We highlight weekly changes in A-H premium for Midea, Cmoc, Htsc, China Longyuan, Times Electric, Innocare.</li>
</ul>


We analyse the changes of A-H premium on 185 stocks over the last week. The average A-H premium was 85.6% as of Jun 26th.
The average A-H premium changed by 5.5ppt week-on-week, led by real estate, information technology, utilities and offset by communication services, energy.
We highlight weekly changes in A-H premium for Midea, Cmoc, Htsc, China Longyuan, Times Electric, Innocare.


A-H Premium Weekly (Jun 26th): Midea, Cmoc, Htsc, China Longyuan, Times Electric, Innocare

<ul>
<li>We analyse the changes of A-H premium on 185 stocks over the last week. The average A-H premium was 80.2% as of Jun 19th.</li>
<li>The average A-H premium changed by 3.7ppt week-on-week, led by utilities, information technology, consumer discretionary and offset by energy, industrials.</li>
<li>We highlight weekly changes in A-H premium for China Longyuan, China Coal, Remegen, Yangtze Optical Fibre And-H.</li>
</ul>


We analyse the changes of A-H premium on 185 stocks over the last week. The average A-H premium was 80.2% as of Jun 19th.
The average A-H premium changed by 3.7ppt week-on-week, led by utilities, information technology, consumer discretionary and offset by energy, industrials.
We highlight weekly changes in A-H premium for China Longyuan, China Coal, Remegen, Yangtze Optical Fibre And-H.


A-H Premium Weekly (Jun 19th): China Longyuan, China Coal, Remegen, Yangtze Optical Fibre And-H

Equity Capital Markets

Guangzhou Tinci Materials Technlgy / Equity Capital Markets

Guangzhou Tinci Materials Technlgy (002709 CH)

<ul>
<li>Tinci is seeking an A+H listing. JPM, CITIC, and GF are the joint sponsors.</li>
<li>We look at the company's two core segments: battery materials and daily and specialty chemicals.</li>
<li>We discuss our preliminary thoughts on the company's fair value based on A-H premium.</li>
</ul>


Tinci is seeking an A+H listing. JPM, CITIC, and GF are the joint sponsors.
We look at the company's two core segments: battery materials and daily and specialty chemicals.
We discuss our preliminary thoughts on the company's fair value based on A-H premium.


Tinci (天赐材料) A+H Pre-IPO: Early Thoughts

Shenzhen Senior Technology-A / Equity Capital Markets

<ul>
<li>Shenzhen Senior is seeking an A+H listing and passed HKEX listing hearing. China Securities (International) is the sole sponsor.</li>
<li>We look at the company's core segments: coated separators, wet-process separators, and dry-process separators.</li>
<li>We set out our preliminary view on fair value based on A-H premium.</li>
</ul>


Shenzhen Senior is seeking an A+H listing and passed HKEX listing hearing. China Securities (International) is the sole sponsor.
We look at the company's core segments: coated separators, wet-process separators, and dry-process separators.
We set out our preliminary view on fair value based on A-H premium.


Shenzhen Senior (星源材质) A+H Pre-IPO: Early Thoughts

<ul>
<li>GEM Co. is seeking to raise at least USD100m through an A+H listing. J.P. Morgan, CITIC, and CSI are the sponsors.</li>
<li>We look at the company's core segments: new energy materials and critical metal resources.</li>
<li>We discuss our preliminary view on fair value using A-H premium references.</li>
</ul>


GEM Co. is seeking to raise at least USD100m through an A+H listing. J.P. Morgan, CITIC, and CSI are the sponsors.
We look at the company's core segments: new energy materials and critical metal resources.
We discuss our preliminary view on fair value using A-H premium references.


China

CNGR Advanced Material Co.,Ltd. produces and sells new materials. The Company provides lithium battery cathode material precursors development, production, processing, sales, and other services. CNGR Advanced Material markets its products worldwide.

Price Gauge
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CNGR Advanced Material (300919 CH)

A-H Premium Weekly (Jun 26th): Midea, Cmoc, Htsc, China Longyuan, Times Electric, Innocare

We analyzed A-H premium changes in the past week and highlight A-H premium changes for Midea, Cmoc, Htsc, China Longyuan, Times Electric, Innocare.

Ke Yan, CFA, FRM

A-H Premium Weekly (Jun 19th): China Longyuan, China Coal, Remegen, Yangtze Optical Fibre And-H

We analyzed A-H premium changes in the past week and highlight A-H premium changes for China Longyuan, China Coal, Remegen, Yangtze Optical Fibre...

Ke Yan, CFA, FRM

Tinci (天赐材料) A+H Pre-IPO: Early Thoughts

Shenzhen-listed Tinci is seeking an A+H listing. In this note, we look at the company's business, its industry context and provide our early...

Ke Yan, CFA, FRM

Shenzhen Senior (星源材质) A+H Pre-IPO: Early Thoughts

Shenzhen Senior is seeking an A+H listing. This note covers the company's business, industry context and our early view on valuation.

Ke Yan, CFA, FRM

GEM Co. A+H Pre-IPO: Early Thought

GEM Co. is seeking to raise at least USD100m in an A+H listing. This note reviews the business, industry context, and early valuation reference...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)