APAC IPOs & Placements, Aequitas Research

Akshat Shah

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

TMBThanachart Bank / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ing-groep-nv" target="_blank" data-smartkarma-citation="entities:21120:1" rel="noopener">ING Groep NV (INGA NA)</a> is looking to sell a stake of around 5.6% in <a href="https://www.smartkarma.com/entities/tmbthanachart-bank-public-company-limited" target="_blank" data-smartkarma-citation="entities:8090:1" rel="noopener">TMBThanachart Bank (TTB TB)</a> to raise up to US$500m via a secondary selldown.</li>
<li>TMBThanachart Bank (TTB) is one of Thailand’s largest commercial banks, formed through the 2019 merger of TMB Bank and Thanachart Bank, with a focus on retail, SME and corporate banking.</li>
<li>In this note we talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>



ING Groep NV (INGA NA) is looking to sell a stake of around 5.6% in TMBThanachart Bank (TTB TB) to raise up to US$500m via a secondary selldown.
TMBThanachart Bank (TTB) is one of Thailand’s largest commercial banks, formed through the 2019 merger of TMB Bank and Thanachart Bank, with a focus on retail, SME and corporate banking.
In this note we talk about the deal dynamics and run the deal through our ECM framework.


Aequitas: TMBThanachart Bank Placement - Healthy Fundamentals, But Supply Overhang Remains

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Technical Analysis

<ul><li>The US postponed the collection of import tariffs from Canada and Mexico, prompting a swift rebound in Asian bourses.</li><li>Market sentiment remained fragile, indicating a lack of investor confidence.</li><li>As we expect the index to move sideways or rebound limitedly after volume decreased quickly, we recommend selling on strength or wait & see.</li></ul>

The US postponed the collection of import tariffs from Canada and Mexico, prompting a swift rebound in Asian bourses.Market sentiment remained fragile, indicating a lack of investor confidence.As we expect the index to move sideways or rebound limitedly after volume decreased quickly, we recommend selling on strength or wait & see.

Thailand

Krung Thai Bank is a state-owned commercial bank in Thailand, offering a comprehensive range of banking and financial services. Its core activities include commercial, consumer, credit card, and mortgage loans, as well as provident fund management, foreign exchange, and international trade financing services. The bank is headquartered in Bangkok, Thailand, and was founded on March 14, 1966.

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

Krung Thai Bank (KTB/P-R TB)

Aequitas: TMBThanachart Bank Placement - Healthy Fundamentals, But Supply Overhang Remains

ING is looking to sell a stake of around 5.6% in TMBThanachart Bank (TTB TB) to raise up to US$500m. In this note we talk about the deal dynamics...

Akshat Shah

Technical Analysis

The US postponed the collection of import tariffs from Canada and Mexico, prompting a swift rebound in Asian bourses. Market sentiment remained...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)