APAC IPOs & Placements, Aequitas Research

Nicholas Tan

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

Eco-Shop Marketing / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eco-shop-marketing" target="_blank" data-smartkarma-citation="entities:44169:1" rel="noopener">Eco-Shop Marketing (ECO MY)</a> raised around US$227m in its Malaysia IPO, after pricing the deal at the bottom of the range at M$1.13/share.</li>
<li>It is the largest dollar chain in Malaysia, as per the number of stores it operates, as of 31 October 2024.</li>
<li>In our previous notes, we talked about the company’s historical performance, undertook a peer comparison and shared our thoughts on valuation. In this note, we talk about the trading dynamics. </li>
</ul>



Eco-Shop Marketing (ECO MY) raised around US$227m in its Malaysia IPO, after pricing the deal at the bottom of the range at M$1.13/share.
It is the largest dollar chain in Malaysia, as per the number of stores it operates, as of 31 October 2024.
In our previous notes, we talked about the company’s historical performance, undertook a peer comparison and shared our thoughts on valuation. In this note, we talk about the trading dynamics. 


Eco-Shop IPO Trading: Tepid Retail Demand but at a Discount to 99 Speedmart

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eco-shop-marketing" target="_blank" data-smartkarma-citation="entities:44169:1" rel="noopener">Eco-Shop Marketing (ECO MY)</a>  is looking to raise up to US$241m in its upcoming Malaysia IPO.</li>
<li>It is the largest dollar chain in Malaysia, as per the number of stores it operates, as of 31 October 2024.</li>
<li>We have looked at the company’s past performance and provided our initial thoughts on valuations. In this note, we talk about the IPO pricing.</li>
</ul>



Eco-Shop Marketing (ECO MY)  is looking to raise up to US$241m in its upcoming Malaysia IPO.
It is the largest dollar chain in Malaysia, as per the number of stores it operates, as of 31 October 2024.
We have looked at the company’s past performance and provided our initial thoughts on valuations. In this note, we talk about the IPO pricing.


Eco-Shop IPO: Peers Have Shined Through Turmoil, Eco Still Cheaper

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eco-shop-marketing" target="_blank" data-smartkarma-citation="entities:44169:1" rel="noopener">Eco-Shop Marketing (ECO MY)</a> is looking to raise about US$226m in its upcoming Malaysia IPO.</li>
<li>It is the largest dollar chain in Malaysia, as per the number of stores it operates, as of 31 October 2024.</li>
<li>We have looked at the company’s past performance in our earlier notes. In this note, we discuss latest industry dynamics, conduct a quick peer comparison and discuss the company’s valuation.</li>
</ul>



Eco-Shop Marketing (ECO MY) is looking to raise about US$226m in its upcoming Malaysia IPO.
It is the largest dollar chain in Malaysia, as per the number of stores it operates, as of 31 October 2024.
We have looked at the company’s past performance in our earlier notes. In this note, we discuss latest industry dynamics, conduct a quick peer comparison and discuss the company’s valuation.


Eco-Shop Marketing Pre-IPO - Deserving a Premium Valuation

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eco-shop-marketing" target="_blank" data-smartkarma-citation="entities:44169:1" rel="noopener">Eco-Shop Marketing (ECO MY)</a>  is looking to raise about US$226m in its upcoming Malaysia IPO.</li>
<li>ES is the largest dollar chain in Malaysia, as per the number of stores it operates. The firm operates an extensive network of stores across Malaysia.</li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



Eco-Shop Marketing (ECO MY)  is looking to raise about US$226m in its upcoming Malaysia IPO.
ES is the largest dollar chain in Malaysia, as per the number of stores it operates. The firm operates an extensive network of stores across Malaysia.
In this note, we look at the firm's past performance.


Eco-Shop Marketing Pre-IPO: Malaysia’s Leading Dollar-Store

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eco-shop-marketing" target="_blank" data-smartkarma-citation="entities:44169:1" rel="noopener">Eco-Shop Marketing (ECO MY)</a> is looking to raise about US$226m in its upcoming Malaysia IPO. The deal will be run by Maybank, UBS and RHB.</li>
<li>Eco-Shop is one of Malaysia’s leading ultra-affordable household retailers. The firm operates 320 stores across Malaysia.</li>
<li>It offers customers a wide and exciting range of products at compelling value</li>
</ul>



Eco-Shop Marketing (ECO MY) is looking to raise about US$226m in its upcoming Malaysia IPO. The deal will be run by Maybank, UBS and RHB.
Eco-Shop is one of Malaysia’s leading ultra-affordable household retailers. The firm operates 320 stores across Malaysia.
It offers customers a wide and exciting range of products at compelling value


Malaysia

Eco-Shop is one of Malaysia’s leading ultra-affordable household retailers. As of the latest practicable date, all of the firm’s revenue is generated in Malaysia, where the firm operates 320 stores (including 25 Eco-Plus format stores). The network of stores in Malaysia is extensive, with presence in every state and Federal Territory (excluding Labuan).

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Eco-Shop Marketing (ECO MY)

Eco-Shop IPO Trading: Tepid Retail Demand but at a Discount to 99 Speedmart

Eco-Shop Marketing raised around US$227m in its Malaysia IPO, after pricing the deal at the bottom of the range at M$1.13/share. In this note, we...

Nicholas Tan

Eco-Shop IPO: Peers Have Shined Through Turmoil, Eco Still Cheaper

Eco-Shop Marketing (ES) is looking to raise up to US$241m in its upcoming Malaysia IPO. In this note, we talk about the IPO pricing.

Nicholas Tan

Eco-Shop Marketing Pre-IPO - Deserving a Premium Valuation

Eco-Shop Marketing (ES) is looking to raise about US$226m in its upcoming Malaysia IPO. It is the largest dollar chain in Malaysia. In this note,...

Nicholas Tan

Eco-Shop Marketing Pre-IPO: Malaysia’s Leading Dollar-Store

Eco-Shop Marketing is looking to raise about US$226m in its upcoming Malaysia IPO. The firm is the largest dollar chain in Malaysia. In this note,...

Nicholas Tan

Eco-Shop Marketing Pre-IPO Tearsheet

Eco-Shop Marketing is looking to raise about US$226m in its upcoming Malaysia IPO. It is one of Malaysia’s leading ultra-affordable household...

Nicholas Tan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)