Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>An analysis of the shareholder register of<strong><a href="https://www.smartkarma.com/entities/bhp-group-plc" target="_blank" data-smartkarma-citation="entities:28086:1" rel="noopener">BHP Group PLC (BHPBF US)</a></strong> suggests that BHP has misunderestimated the passive ownership of PLC by a lot.</li>
<li>
<a href="https://www.smartkarma.com/entities/jardine-matheson-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19718:1" rel="noopener"><strong>Jardine Matheson Holdings (JM SP)</strong></a> looks set to add to its coffers on talk it is negotiating the sale of KFC and Pizza Hut franchises. </li>
<li>How the mighty have fallen. <strong><a href="https://www.smartkarma.com/entities/cathay-pacific-airways-ltd" target="_blank" data-smartkarma-citation="entities:243:1" rel="noopener">Cathay Pacific Airways (293 HK)</a></strong> has gone from the de-facto flag carrier to the obligatory kicking bag.</li>
</ul>


An analysis of the shareholder register ofBHP Group PLC (BHPBF US) suggests that BHP has misunderestimated the passive ownership of PLC by a lot.

Jardine Matheson Holdings (JM SP) looks set to add to its coffers on talk it is negotiating the sale of KFC and Pizza Hut franchises. 
How the mighty have fallen. Cathay Pacific Airways (293 HK) has gone from the de-facto flag carrier to the obligatory kicking bag.


Last Week in Event SPACE: BHP, Jardine Matheson, Cathay Pacific, HK&S Hotels, Large CCASS Moves

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.

Equity Capital Markets

Datang Environment Industry Group / Equity Capital Markets

Datang Environment Industry Group (1272 HK)

<p>Datang Environment has launched its IPO, targeting to raise up to US$330m. We have covered the business fundamentals in our two-part series. (Subscribers can click on the stream on the right of your screen if you are using desktop) </p><p>In this insight, we will recap on what we have discussed earlier, look at new data points disclosed in the most recently publish <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2016/1103/LTN20161103013.pdf" target="_blank">prospectus</a> and score the deal in our Smartkarma ECM Framework. </p><hr><div><h2>Deal and framework score overview</h2></div><p>Regular readers will be familiar with the…</p>

Datang Environment has launched its IPO, targeting to raise up to US$330m. We have covered the business fundamentals in our two-part series. (Subscribers can click on the stream on the right of your screen if you are using desktop) In this insight, we will recap on what we have discussed earlier, look at new data points disclosed in the most recently publish prospectus and score the deal in our Smartkarma ECM Framework. Deal and framework score overviewRegular readers will be familiar with the…

Datang Environment IPO: Discount To Offset Related Party and Subsidy Concerns?

<p>In our <a href="https://www.smartkarma.com/insights/datang-environment-pre-ipo-part-1-dilemma-of-dependence-and-competitiveness" target="_blank">Datang Environment IPO Preview (Part 1)</a>, we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to its: </p><p>1) concession business in the long run,</p><p>2) engineering business peaking, and</p><p>3) reliance on related parties.</p><p>In this insight, we will dig into the background of the concession business, illustrate the challenges faced by concession operators, compare DEI with listed peers and finally add our thoughts on valuation. </p><h2>A brief background of the</h2>…

In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to its: 1) concession business in the long run,2) engineering business peaking, and3) reliance on related parties.In this insight, we will dig into the background of the concession business, illustrate the challenges faced by concession operators, compare DEI with listed peers and finally add our thoughts on valuation. A brief background of the…

Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator

<p>After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I will look at its operations and the industry. In this part 1 insight, I will look at its operations and the industry by trying to answer the following questions:</p><ul><li>What does it do exactly in each segment? How competitive are its various business line?</li><li>Where will its growth come from?</li><li>How does the industry perform? What are the head winds?</li><li>What are the policies and regulations and how will that affect its business? </li></ul><p> </p>

After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I will look at its operations and the industry. In this part 1 insight, I will look at its operations and the industry by trying to answer the following questions:What does it do exactly in each segment? How competitive are its various business line?Where will its growth come from?How does the industry perform? What are the head winds?What are the policies and regulations and how will that affect its business?  

Datang Environment IPO Preview (Part 1): Dilemma of Dependence and Competitiveness

China

Guodian Technology & Environment Group is a high-tech enterprise primarily engaged in environmental protection, energy conservation solutions, and wind power products and services. The company provides technologies for sulphur oxide and nitrogen oxide control, water treatment, energy-saving equipment, and manufactures wind turbines and components. It was founded in 2004 and is headquartered in Beijing, China.

Guodian Technology & Environment Group (9GT GR)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Guodian Technology & Environment Group (9GT GR)

Last Week in Event SPACE: BHP, Jardine Matheson, Cathay Pacific, HK&S Hotels, Large CCASS Moves

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator

In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to...

Ke Yan, CFA, FRM

Datang Environment IPO Preview (Part 1): Dilemma of Dependence and Competitiveness

After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Last Week in Event SPACE: BHP, Jardine Matheson, Cathay Pacific, HK&S Hotels, Large CCASS Moves

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

Datang Environment IPO: Discount To Offset Related Party and Subsidy Concerns?

Datang Environment has launched its IPO, targeting to raise up to US$330m. We have covered the business fundamentals in our two-part series....

Ke Yan, CFA, FRM

Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator

In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to...

Ke Yan, CFA, FRM

Datang Environment IPO Preview (Part 1): Dilemma of Dependence and Competitiveness

After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I...

Ke Yan, CFA, FRM