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

COSMOPlat IOT Technology Ltd / Equity Capital Markets

COSMOPlat IOT Technology Ltd (1729890D CH)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cosmoplat-iot-technology-ltd" target="_blank" data-smartkarma-citation="entities:46384:1" rel="noopener">COSMOPlat IOT Technology Ltd (1729890D CH)</a> is looking to raise around US$500m in its upcoming Hong Kong IPO.</li>
<li>It is China’s largest provider of platform-based industrial data intelligence solutions.</li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



COSMOPlat IOT Technology Ltd (1729890D CH) is looking to raise around US$500m in its upcoming Hong Kong IPO.
It is China’s largest provider of platform-based industrial data intelligence solutions.
In this note, we look at the firm's past performance.


Aequitas: Cosmoplat Pre-IPO - Haier-Controlled; Recently Profitable

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The HSCEI serves as a benchmark to reflect the overall performance of the top 50 "Mainland China" securities listed in Hong Kong.</li>
<li>In this insight, we take a look at the rankings of potential ADDs/DELs and the resultant capping flow expectations for the June 2026 index rebal event.</li>
<li>At present, we see two changes based on the latest data but the rankings can change until 31st March 2026. One current "expected DELETE" name is close to escaping deletion.</li>
</ul>


The HSCEI serves as a benchmark to reflect the overall performance of the top 50 "Mainland China" securities listed in Hong Kong.
In this insight, we take a look at the rankings of potential ADDs/DELs and the resultant capping flow expectations for the June 2026 index rebal event.
At present, we see two changes based on the latest data but the rankings can change until 31st March 2026. One current "expected DELETE" name is close to escaping deletion.


Quiddity Leaderboard HSCEI Jun26: Two ADDs/DELs Likely but One Name Close to Escaping Deletion

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.

Quantitative Analysis

<ul>
<li>We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of March 6th.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight flows for Alibaba, Tencent, China Life, Xiaomi, Petrochina, ICBC, China Pacific Insurance, Kuaishou, Hua Hong Semiconductor, BYD.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of March 6th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for Alibaba, Tencent, China Life, Xiaomi, Petrochina, ICBC, China Pacific Insurance, Kuaishou, Hua Hong Semiconductor, BYD.


HK Connect Flows Weekly (Mar 6th): Alibaba, Tencent, China Life, Xiaomi, Petrochina, ICBC

<ul>
<li>We analysed the earning revision of component stocks of HS TECH in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on MEITUAN, JD.COM, TENCENT, XPENG, BYD, Kuaishou, NIO.</li>
</ul>


We analysed the earning revision of component stocks of HS TECH in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on MEITUAN, JD.COM, TENCENT, XPENG, BYD, Kuaishou, NIO.


HS TECH Index Earning Revision (Feb): MEITUAN, JD.COM, TENCENT, XPENG, BYD, Kuaishou, NIO

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>We compile our selection of companies across Japan, China and India based on bottom-up triggers in each company.</li>
<li>In India its <a href="https://www.smartkarma.com/entities/ashok-leyland-ltd" target="_blank" data-smartkarma-citation="entities:20104:1" rel="noopener">Ashok Leyland (AL IN)</a>,<a href="https://www.smartkarma.com/entities/maruti-suzuki-india-ltd" target="_blank" data-smartkarma-citation="entities:733:1" rel="noopener">Maruti Suzuki India (MSIL IN)</a>&amp;<a href="https://www.smartkarma.com/entities/mahindra-mahindra-ltd" target="_blank" data-smartkarma-citation="entities:16441:1" rel="noopener">Mahindra &amp; Mahindra (MM IN)</a>.Japan its <a href="https://www.smartkarma.com/entities/mazda-motor-corp" target="_blank" data-smartkarma-citation="entities:20528:1" rel="noopener">Mazda Motor (7261 JP),</a><a href="https://www.smartkarma.com/entities/suzuki-motor-corp" target="_blank" data-smartkarma-citation="entities:732:1" rel="noopener">Suzuki Motor (7269 JP)</a>,<a href="https://www.smartkarma.com/entities/aisin-corp" target="_blank" data-smartkarma-citation="entities:11809:1" rel="noopener">Aisin (7259 JP)</a> &amp;<a href="https://www.smartkarma.com/entities/rohm-co-ltd" target="_blank" data-smartkarma-citation="entities:2953:1" rel="noopener">ROHM Co Ltd (6963 JP)</a>.</li>
<li>In China its <a href="https://www.smartkarma.com/entities/yadea-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:22706:1" rel="noopener">Yadea Group Holdings (1585 HK)</a> , <a href="https://www.smartkarma.com/entities/midea-group-co-ltd" target="_blank" data-smartkarma-citation="entities:43993:1" rel="noopener">Midea Group (300 HK)</a> , <a href="https://www.smartkarma.com/entities/haier-smart-home-co-ltd-b3ef445f-0f54-4586-8c58-9073de98d60e" target="_blank" data-smartkarma-citation="entities:31105:1" rel="noopener">Haier Smart Home (6690 HK)</a> and <a href="https://www.smartkarma.com/entities/gree-electric-appliances-inc-of-zhuhai" target="_blank" data-smartkarma-citation="entities:7622:1" rel="noopener">Gree Electric Appliances (000651 CH)</a>.</li>
</ul>


We compile our selection of companies across Japan, China and India based on bottom-up triggers in each company.
In India its Ashok Leyland (AL IN),Maruti Suzuki India (MSIL IN)&amp;Mahindra &amp; Mahindra (MM IN).Japan its Mazda Motor (7261 JP),Suzuki Motor (7269 JP),Aisin (7259 JP) &amp;ROHM Co Ltd (6963 JP).
In China its Yadea Group Holdings (1585 HK) , Midea Group (300 HK) , Haier Smart Home (6690 HK) and Gree Electric Appliances (000651 CH).


Shortlist Of High Conviction Ideas Across China, Japan, India - February 2026

China

Haier Smart Home is a global leader in the research, development, manufacturing, and sales of smart home appliances, including refrigerators, washing machines, air conditioners, and kitchen appliances. The company also provides smart home scene solutions and related services. It was founded in 1984 and is headquartered in Qingdao, China.

Price Gauge
52-week Range	0.00 - 0.00
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Haier Smart Home (6690 HK)

Aequitas: Cosmoplat Pre-IPO - Haier-Controlled; Recently Profitable

Cosmoplat is looking to raise around US$500m in its upcoming Hong Kong IPO. In this note, we look at the firm's past performance.

Nicholas Tan

Quiddity Leaderboard HSCEI Jun26: Two ADDs/DELs Likely but One Name Close to Escaping Deletion

We see one high-conviction ADD/DEL and one low-conviction ADD/DEL. Since the reference period is not over yet, our expectations can still change.

Janaghan Jeyakumar, CFA

HK Connect Flows Weekly (Mar 6th): Alibaba, Tencent, China Life, Xiaomi, Petrochina, ICBC

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Alibaba (9988 HK), Tencent (700 HK), China Life (2628...

Ke Yan, CFA, FRM

HS TECH Index Earning Revision (Feb): MEITUAN, JD.COM, TENCENT, XPENG, BYD, Kuaishou, NIO

We analyzed HS TECH's consensus for Feb 2026 and highlighted changes of EPS in MEITUAN, JD.COM, TENCENT, XPENG, BYD, Kuaishou, NIO.

Ke Yan, CFA, FRM

Shortlist Of High Conviction Ideas Across China, Japan, India - February 2026

Selection of companies in Japan, China, and India based on bottom-up triggers, including Ashok Leyland, Maruti Suzuki, M&M, Mazda, Rohm, Aisin,...

Sreemant Dudhoria

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Aequitas: Cosmoplat Pre-IPO - Haier-Controlled; Recently Profitable

Cosmoplat is looking to raise around US$500m in its upcoming Hong Kong IPO. In this note, we look at the firm's past performance.

Nicholas Tan

Quiddity Leaderboard HSCEI Jun26: Two ADDs/DELs Likely but One Name Close to Escaping Deletion

We see one high-conviction ADD/DEL and one low-conviction ADD/DEL. Since the reference period is not over yet, our expectations can still change.

Janaghan Jeyakumar, CFA

HK Connect Flows Weekly (Mar 6th): Alibaba, Tencent, China Life, Xiaomi, Petrochina, ICBC

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Alibaba (9988 HK), Tencent (700 HK), China Life (2628...

Ke Yan, CFA, FRM

HS TECH Index Earning Revision (Feb): MEITUAN, JD.COM, TENCENT, XPENG, BYD, Kuaishou, NIO

We analyzed HS TECH's consensus for Feb 2026 and highlighted changes of EPS in MEITUAN, JD.COM, TENCENT, XPENG, BYD, Kuaishou, NIO.

Ke Yan, CFA, FRM

Shortlist Of High Conviction Ideas Across China, Japan, India - February 2026

​Selection of companies in Japan, China, and India based on bottom-up triggers, including Ashok Leyland, Maruti Suzuki, M&M, Mazda, Rohm, Aisin,...

Sreemant Dudhoria

Selection of companies in Japan, China, and India based on bottom-up triggers, including Ashok Leyland, Maruti Suzuki, M&M, Mazda, Rohm, Aisin,...