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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/metals-acquisition-corp-206b4b4c-e422-4777-bb84-419017ffff10" target="_blank" data-smartkarma-citation="entities:39082:1" rel="noopener">Metals Acquisition (MTAL US)</a> is looking to raise up to A$300m (US$197m) through its ASX secondary listing.  </li>
<li>The proceeds will be used to repay Glencore’s deferred consideration facility for the MTAL’s acquisition of its CSA copper mine, amongst other uses.</li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>



Metals Acquisition (MTAL US) is looking to raise up to A$300m (US$197m) through its ASX secondary listing.  
The proceeds will be used to repay Glencore’s deferred consideration facility for the MTAL’s acquisition of its CSA copper mine, amongst other uses.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Metals Acquisition Ltd Secondary Listing - Too Much to Pay for a Single Asset

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>Risk-Reward now skewed towards reward in the Hong Kong market.</li>
<li>Barbell strategy with both high-beta and lower volatility dividend stocks.</li>
<li>Some initial ideas included to add or start a portfolio  incorporating HK stocks.</li>
</ul>


Risk-Reward now skewed towards reward in the Hong Kong market.
Barbell strategy with both high-beta and lower volatility dividend stocks.
Some initial ideas included to add or start a portfolio  incorporating HK stocks.


2024 High Conviction Idea: The Case for a Rotation Out of Japan into Hong Kong - Part 3

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Exxon Mobil Corporation delivered a disappointing set of results as the company was unable to meet Wall Street's revenue and earnings expectations.</li><li>The company reported a significant upswing in earnings, reaching $9.1 billion, a commendable $1.2 billion surge from the previous quarter.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

Exxon Mobil Corporation delivered a disappointing set of results as the company was unable to meet Wall Street's revenue and earnings expectations.The company reported a significant upswing in earnings, reaching $9.1 billion, a commendable $1.2 billion surge from the previous quarter.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

Exxon Mobil Corporation: Can The Pioneer Acquisition Change The Oil Industry Landscape? - Major Drivers

CEO, Helixtap

Farah Miller

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>Imports from US, EU, Singapore to attract ADD till review is over next year  </li><li>ADD originally imposed on August 20, 2018, on petition by two Chinese firms  </li><li>Chinese firms say surplus amount dumped into the country</li></ul>

Imports from US, EU, Singapore to attract ADD till review is over next year  ADD originally imposed on August 20, 2018, on petition by two Chinese firms  Chinese firms say surplus amount dumped into the country

China ADD Extension Hots Up Halogenated Butyl Rubber Market

<ul><li>Exxon Mobil delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus regarding earnings.</li><li>The company reported nearly $8 billion in earnings, twice the amount earned in the same quarter three years ago under comparable industry conditions.</li><li>Exxon Mobil also achieved significant production rates in the Permian and Guyana regions, demonstrating progress in meeting global energy needs while reducing emissions.</li></ul>

Exxon Mobil delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus regarding earnings.The company reported nearly $8 billion in earnings, twice the amount earned in the same quarter three years ago under comparable industry conditions.Exxon Mobil also achieved significant production rates in the Permian and Guyana regions, demonstrating progress in meeting global energy needs while reducing emissions.

Exxon Mobil Corporation: The Denbury Acquisition & Other Major Drivers

United States

Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis.  The Company's operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.

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Exxon Mobil (XOM US)

Metals Acquisition Ltd Secondary Listing - Too Much to Pay for a Single Asset

Metals Acquisition (MTAL US) is looking to raise up to A$300m (US$197m) through its ASX secondary listing. In this note, we talk about the deal...

Ethan Aw

2024 High Conviction Idea: The Case for a Rotation Out of Japan into Hong Kong - Part 3

The Hong Kong market offers a favorable risk-reward ratio, suggesting a barbell strategy with high-beta and low volatility dividend stocks could...

Rikki Malik

Exxon Mobil Corporation: Can The Pioneer Acquisition Change The Oil Industry Landscape? - Major Drivers

Exxon Mobil Corporation delivered a disappointing set of results as the company was unable to meet Wall Street's revenue and earnings...

Baptista Research

China ADD Extension Hots Up Halogenated Butyl Rubber Market

Retaining the import of halogenated butyl rubber into the country expensive, China has decided to continue with the anti-dumping duty (ADD) on the...

Helixtap

Exxon Mobil Corporation: The Denbury Acquisition & Other Major Drivers

Exxon Mobil delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Metals Acquisition Ltd Secondary Listing - Too Much to Pay for a Single Asset

Metals Acquisition (MTAL US) is looking to raise up to A$300m (US$197m) through its ASX secondary listing. In this note, we talk about the deal...

Ethan Aw

2024 High Conviction Idea: The Case for a Rotation Out of Japan into Hong Kong - Part 3

​The Hong Kong market offers a favorable risk-reward ratio, suggesting a barbell strategy with high-beta and low volatility dividend stocks could...

Rikki Malik

Exxon Mobil Corporation: Can The Pioneer Acquisition Change The Oil Industry Landscape? - Major Drivers

Exxon Mobil Corporation delivered a disappointing set of results as the company was unable to meet Wall Street's revenue and earnings...

Baptista Research

China ADD Extension Hots Up Halogenated Butyl Rubber Market

Retaining the import of halogenated butyl rubber into the country expensive, China has decided to continue with the anti-dumping duty (ADD) on the...

Helixtap

Exxon Mobil Corporation: The Denbury Acquisition & Other Major Drivers

Exxon Mobil delivered a mixed result in the recent quarter, with revenues above market expectations but failed to surpass the analyst consensus...

Baptista Research

The Hong Kong market offers a favorable risk-reward ratio, suggesting a barbell strategy with high-beta and low volatility dividend stocks could...