Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

Auckland Intl Airport / Equity Capital Markets

<ul>
<li>Auckland City Council plans to sell 7% of <a href="https://www.smartkarma.com/entities/auckland-intl-airport-ltd" target="_blank" data-smartkarma-citation="entities:597:1" rel="noopener">Auckland Intl Airport (AIA NZ)</a>  to fund its budget requirements for 2023-24.</li>
<li>Auckland City Mayor has been talking about selling the stake since at least Dec 2022 and hence, the deal is already very well flagged.</li>
<li>In this note, we will talk about the possible placement and other deal dynamics.</li>
</ul>


Auckland City Council plans to sell 7% of Auckland Intl Airport (AIA NZ)  to fund its budget requirements for 2023-24.
Auckland City Mayor has been talking about selling the stake since at least Dec 2022 and hence, the deal is already very well flagged.
In this note, we will talk about the possible placement and other deal dynamics.


Auckland Airport Possible Placement - Will Be Very Well Flagged US$540m Block

Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul><li>Infratil outlined ambitious plans at its recent investor day.</li><li>A subsequent data centre contract win and AUKUS anticipation raised market expectations further.</li><li> -Infratil&rsquo;s share price supported by mid-September investor day and data centre contract -Growth prioritised via digital infrastructure and renewables -Management's ambition is to lift market cap to $20bn from the current $10.51bn -Potential for AUKUS-related OpenAI contract</li></ul>

Infratil outlined ambitious plans at its recent investor day.A subsequent data centre contract win and AUKUS anticipation raised market expectations further. -Infratil&rsquo;s share price supported by mid-September investor day and data centre contract -Growth prioritised via digital infrastructure and renewables -Management's ambition is to lift market cap to $20bn from the current $10.51bn -Potential for AUKUS-related OpenAI contract

Infratil's Digital & Decarbonisation Drive

<ul><li>Exciting growth opportunities abound for New-Zealand based infrastructure play Infratil.</li><li>Management has consistently generated value for shareholders over time.</li><li> -Infratil&rsquo;s FY25 earnings beat management&rsquo;s guidance -Exposure to high-growth digital infrastructure -CDC Data Centres appears undervalued -Renewables exposure weighted heavily to solar and battery projects</li></ul>

Exciting growth opportunities abound for New-Zealand based infrastructure play Infratil.Management has consistently generated value for shareholders over time. -Infratil&rsquo;s FY25 earnings beat management&rsquo;s guidance -Exposure to high-growth digital infrastructure -CDC Data Centres appears undervalued -Renewables exposure weighted heavily to solar and battery projects

Infratil's Growing (Undervalued) Digital Exposure

Asia Pac ECM and Index Rebal, DZT 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 analyzed the changes in short interest of ASX Stocks as of May 22nd (reported today). The aggregated short interest was USD44.0bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Suncorp, BHP, Computershare, Northern Star Resources, Wesfarmers.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 22nd (reported today). The aggregated short interest was USD44.0bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Suncorp, BHP, Computershare, Northern Star Resources, Wesfarmers.


ASX Short Interest Weekly (May 22nd): Suncorp, BHP, Computershare, Northern Star Resources

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

<ul>
<li>
<a href="https://www.smartkarma.com/entities/infratil-ltd-958339ca-4bbb-4c99-bf95-37098f4746ad" target="_blank" data-smartkarma-citation="entities:29026:1" rel="noopener">Infratil (IFT AU) </a>is looking to raise US$289m through the sale of <a href="https://www.smartkarma.com/entities/contact-energy-ltd" target="_blank" data-smartkarma-citation="entities:13136:1" rel="noopener">Contact Energy (CEN NZ)</a> shares.</li>
<li>Post sale, Infratil’s share holding will fall from ~13% to ~9%. Infratil had committed to retaining its remaining shares through at least CE’s 2026 full-year results announcement.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



Infratil (IFT AU) is looking to raise US$289m through the sale of Contact Energy (CEN NZ) shares.
Post sale, Infratil’s share holding will fall from ~13% to ~9%. Infratil had committed to retaining its remaining shares through at least CE’s 2026 full-year results announcement.
In this note, we will talk about the placement and run the deal through our ECM framework.


Aequitas: Contact Energy Placement - Opportunistic Sale by Infratil; No More Sell-Down till August

New Zealand

Infratil Limited is an infrastructure investment company. The Company invests in airports, energy such as renewable and waste-energy, and public transportation.

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Infratil Ltd (IFT NZ)

Auckland Airport Possible Placement - Will Be Very Well Flagged US$540m Block

Auckland Airport just reported its full year results, this in effect frees its largest shareholder, Auckland City Council to progress with its...

Sumeet Singh

Infratil's Digital & Decarbonisation Drive

Infratil outlined ambitious plans at its recent investor day. A subsequent data centre contract win and AUKUS anticipation raised market...

FNArena

Infratil's Growing (Undervalued) Digital Exposure

Exciting growth opportunities abound for New-Zealand based infrastructure play Infratil. Management has consistently generated value for...

FNArena

ASX Short Interest Weekly (May 22nd): Suncorp, BHP, Computershare, Northern Star Resources

We analyzed ASX short interest report for the past week and highlight short interest changes in Suncorp, BHP, Computershare, Northern Star...

Ke Yan, CFA, FRM

Aequitas: Contact Energy Placement - Opportunistic Sale by Infratil; No More Sell-Down till August

Infratil is looking to raise US$289m through the sale of Contact Energy shares. In this note, we will talk about the placement and run the deal...

Nicholas Tan

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52-week Range

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