APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC 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

Samsung Electronics   / Equity Capital Markets

<ul>
<li>In this note, we will take a look at broker performance for Korea IPOs and placements in 2023.</li>
<li>The following dataset includes all Korean IPOs and placements above US$100m, <strong>which amounted to a total of seven deals.</strong> Given the small number of deals, we’ll keep the note short.</li>
<li>The deals you see in this note are based on our historical IPO and placement tracker. Feel free to drop us a message for additional information.</li>
</ul>


In this note, we will take a look at broker performance for Korea IPOs and placements in 2023.
The following dataset includes all Korean IPOs and placements above US$100m, which amounted to a total of seven deals. Given the small number of deals, we’ll keep the note short.
The deals you see in this note are based on our historical IPO and placement tracker. Feel free to drop us a message for additional information.


Aequitas Korea IPOs + Placements Broker Performance 2023

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

Santander Bank Polska SA / Index Rebalance

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the March 2023 Rebalance.</li>
<li>There is roughly one more month left to the base date. At present, I see around 3 ADDs/DELs in the June 2023 review.</li>
<li>Separately, STX Europe 600 members <a href="https://www.smartkarma.com/entities/credit-suisse-group-ag-f4b24f0c-c294-40b3-b491-759f0cb277e9" target="_blank" data-smartkarma-citation="entities:27915:1" rel="noopener">Credit Suisse (CSGN SW)</a> and <a href="https://www.smartkarma.com/entities/vantage-towers-ag" target="_blank" data-smartkarma-citation="entities:35602:1" rel="noopener">Vantage Towers (VTWR GR)</a> could possibly get deleted in the next few months triggering intra-review index changes.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the March 2023 Rebalance.
There is roughly one more month left to the base date. At present, I see around 3 ADDs/DELs in the June 2023 review.
Separately, STX Europe 600 members Credit Suisse (CSGN SW) and Vantage Towers (VTWR GR) could possibly get deleted in the next few months triggering intra-review index changes.


Quiddity Leaderboard SE600 Jun 23: Three ADDs/DELs Likely

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Equity Bottom-Up

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,620/1,626 points and the support at 1,600/1,590 points.</li><li>The MPC voted unanimously to raise the policy interest rate by 0.25% to 1.75% in its meeting yesterday.</li><li>The decision reaffirms our view expressed previously that the policy interest rate is likely to peak at 2.00%, in line with inflation (which is expected to ease to near 2.00% at the end of 2023E), in order to make the real interest rate 0.00%; this is the appropriate rate for Thai economic growth, as it would not trigger additional demand-pull inflation.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,620/1,626 points and the support at 1,600/1,590 points.The MPC voted unanimously to raise the policy interest rate by 0.25% to 1.75% in its meeting yesterday.The decision reaffirms our view expressed previously that the policy interest rate is likely to peak at 2.00%, in line with inflation (which is expected to ease to near 2.00% at the end of 2023E), in order to make the real interest rate 0.00%; this is the appropriate rate for Thai economic growth, as it would not trigger additional demand-pull inflation.

Event-Driven

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the March 2023 Rebalance.</li>
<li>STX Europe 600 members <a href="https://www.smartkarma.com/entities/credit-suisse-group-ag-f4b24f0c-c294-40b3-b491-759f0cb277e9" target="_blank" data-smartkarma-citation="entities:27915:1" rel="noopener">Credit Suisse (CSGN SW)</a> and <a href="https://www.smartkarma.com/entities/vantage-towers-ag" target="_blank" data-smartkarma-citation="entities:35602:1" rel="noopener">Vantage Towers (VTWR GR)</a> could possibly get deleted in the next few months triggering intra-review ADDs.</li>
<li>Separately, I see 3 more ADDs and DELs for the STX Europe 600 index in the regular review in June 2023.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the STX Europe 600 and EUROSTX Indices for the March 2023 Rebalance.
STX Europe 600 members Credit Suisse (CSGN SW) and Vantage Towers (VTWR GR) could possibly get deleted in the next few months triggering intra-review ADDs.
Separately, I see 3 more ADDs and DELs for the STX Europe 600 index in the regular review in June 2023.


Quiddity Leaderboard SE600 Jun 23: Credit Suisse, Vantage Towers, and 3 Regular Changes

<ul><li>The SET Index is expected to move sideways up, with the resistance at 1,585/1,600 points and the support at 1,570/1,560 points.</li><li>Meanwhile, the banking problems in the US and Europe have eased to some extent.</li><li>Regarding the FOMC meeting tonight, we share the market's view calling for the Fed to raise the fed funds rate by 0.25% to 4.75-5.00% and give more weight to the stability of the financial system than inflation.</li></ul>

The SET Index is expected to move sideways up, with the resistance at 1,585/1,600 points and the support at 1,570/1,560 points.Meanwhile, the banking problems in the US and Europe have eased to some extent.Regarding the FOMC meeting tonight, we share the market's view calling for the Fed to raise the fed funds rate by 0.25% to 4.75-5.00% and give more weight to the stability of the financial system than inflation.

Switzerland

Credit Suisse Group AG operates as a wealth management firm. The Company specializes in investment banking and offers wealth management activities aiming to capitalize on both the large pool of wealth within mature markets, as well as the significant growth in wealth in Asia Pacific and other emerging markets. Credit Suisse Group serves customers worldwide.

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Credit Suisse Group (CSGN SW)

Aequitas Korea IPOs + Placements Broker Performance 2023

In this note, we will take a look at broker performance for Korea IPOs and placements in 2023, which amounted to a total of seven deals. Given the...

Ethan Aw

Quiddity Leaderboard SE600 Jun 23: Three ADDs/DELs Likely

The top 5 Potential ADDs have strong positive momentum and the top 5 potential DELs have strong negative momentum. This could continue over the...

Janaghan Jeyakumar, CFA

Today's Dominant Ideas

The SET Index is expected to move sideways up, with the resistance at 1,620/1,626 points and the support at 1,600/1,590 points. The MPC voted...

Krungthai XSpring

Quiddity Leaderboard SE600 Jun 23: Credit Suisse, Vantage Towers, and 3 Regular Changes

Currently, Gerresheimer AG (GXI GR) and Loomis AB (LOOMB SS) are the highest-ranked non-constituents and could be favourites to become intra-review...

Janaghan Jeyakumar, CFA

Today's Dominant Ideas

The SET Index is expected to move sideways up, with the resistance at 1,585/1,600 points and the support at 1,570/1,560 points. Meanwhile, the...

Krungthai XSpring

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