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

iMotion Automotive Technology (Suzhou) / Equity Capital Markets

iMotion Automotive Technology (Suzhou) (1274 HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/imotion-automotive-technology" target="_blank" data-smartkarma-citation="entities:36900:1" rel="noopener">IMotion Automotive Technology (1812706D CH)</a> is looking to raise about US$300m in its upcoming HK IPO. </li>
<li>The company possesses advanced full-stack R&amp;D capabilities including self-developed algorithms and hardware-software co-design capabilities. It provides two AD domain controller product lines, and the self-designed iDC series. </li>
<li>In this note, we talk about the not-so-positive aspects of the deal.</li>
</ul>



IMotion Automotive Technology (1812706D CH) is looking to raise about US$300m in its upcoming HK IPO. 
The company possesses advanced full-stack R&amp;D capabilities including self-developed algorithms and hardware-software co-design capabilities. It provides two AD domain controller product lines, and the self-designed iDC series. 
In this note, we talk about the not-so-positive aspects of the deal.


IMotion Automotive Technology Pre-IPO - The Negatives - But Profitability Still a Black Box

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

REPT BATTERO Energy / Equity Capital Markets

<ul>
<li>REPT BATTERO Energy (REPT HK) is looking to raise US$1bn in its upcoming Hong Kong IPO.</li>
<li>REPT BATTERO Energy (REPT) is a lithium-ion battery manufacturer in China, focusing on R&amp;D, production, and sales of EV/ESS lithium-ion battery products such as battery cells, modules and packs. </li>
<li>In this note, we will talk about the not-so-positive aspects of the deal.</li>
</ul>


REPT BATTERO Energy (REPT HK) is looking to raise US$1bn in its upcoming Hong Kong IPO.
REPT BATTERO Energy (REPT) is a lithium-ion battery manufacturer in China, focusing on R&amp;D, production, and sales of EV/ESS lithium-ion battery products such as battery cells, modules and packs. 
In this note, we will talk about the not-so-positive aspects of the deal.


REPT BATTERO Energy Pre-IPO - The Negatives - Is Only Now Aiming for Sustainable Profits

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/dongfeng-motor-group-co-ltd-h" target="_blank" data-smartkarma-citation="entities:910:1" rel="noopener">Dongfeng Motor (489 HK)</a> (DFMG) has entered into an agreement to buy back the controlling stake in <a href="https://www.smartkarma.com/entities/dongfeng-automobile-co-ltd" target="_blank" data-smartkarma-citation="entities:5546:1" rel="noopener">Dongfeng Automobile (600006 CH)</a> (DFAC) from <a href="https://www.smartkarma.com/entities/nissan-motor-co-ltd" target="_blank" data-smartkarma-citation="entities:72:1" rel="noopener">Nissan Motor (7201 JP)</a>.
</li>
<li>DFMG and Nissan's JV (split 50:50) holds a 60.1% stake in DFAC. Under the agreement, 29.9% of the JV's stake in DFAC will be transferred to DFMG.</li>
<li>Subsequent to the completion of the transfer, DFMG will launch a partial offer for 25.1% of DFAC, with a view to holding 55% of shares out in DFAC. </li>
</ul>



Dongfeng Motor (489 HK) (DFMG) has entered into an agreement to buy back the controlling stake in Dongfeng Automobile (600006 CH) (DFAC) from Nissan Motor (7201 JP).

DFMG and Nissan's JV (split 50:50) holds a 60.1% stake in DFAC. Under the agreement, 29.9% of the JV's stake in DFAC will be transferred to DFMG.
Subsequent to the completion of the transfer, DFMG will launch a partial offer for 25.1% of DFAC, with a view to holding 55% of shares out in DFAC. 


Dongfeng Auto (600006 CH): Dongfeng Motors' Partial Offer

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Kelusa Asia Focus Funds

Equity Bottom-Up

I have some interesting graphs that date from June 2015 to the end of August 2015 just prior to the auto stimulus being announced. A very important data point here to illustrate what happens to the sector when one player initiates a price war. In the link below you can see Great Wall announced price cuts amounting to 3-6% of all their products in Early June 2015.<a href="http://www.ibtimes.com/slumping-chinese-auto-market-pushes-great-wall-motors-cut-prices-popular-haval-suvs-1971510" target="_blank">http://www.ibtimes.com/slumping-chinese-auto-market-pushes-great-wall-motors-cut-prices-popular-haval-suvs-1971510</a>As you can see from…

I have some interesting graphs that date from June 2015 to the end of August 2015 just prior to the auto stimulus being announced. A very important data point here to illustrate what happens to the sector when one player initiates a price war.  In the link below you can see Great Wall announced price cuts amounting to 3-6% of all their products in Early June 2015.http://www.ibtimes.com/slumping-chinese-auto-market-pushes-great-wall-motors-cut-prices-popular-haval-suvs-1971510As you can see from…

What Happened in June 2015 : The Last Time Great Wall Cut Prices for H6 and H2

China

Dongfeng Automobile Co., Ltd. designs, manufactures, and markets diesel engines, light trucks, castings, and related spare parts.

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Dongfeng Automobile (600006 CH)

IMotion Automotive Technology Pre-IPO - The Negatives - But Profitability Still a Black Box

IMotion Automotive Technology (1812706D CH) is looking to raise about US$300m in its upcoming HK IPO. In this note, we talk about the not-so...

Ethan Aw

REPT BATTERO Energy Pre-IPO - The Negatives - Is Only Now Aiming for Sustainable Profits

REPT BATTERO Energy (REPT HK) is looking to raise US$1bn in its upcoming Hong Kong IPO. In this note we talk about the not-so-positive aspects of...

Sumeet Singh

Dongfeng Auto (600006 CH): Dongfeng Motors' Partial Offer

Shares may continue to get a short-lived sentiment boost as DFMG asserts control. But pricing, relative to peers appears full. I wouldn't be...

David Blennerhassett

What Happened in June 2015 : The Last Time Great Wall Cut Prices for H6 and H2

I have some interesting graphs that date from June 2015 to the end of August 2015 just prior to the auto stimulus being announced. A very important...

Sameer Taneja

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