Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Sep 19th. The aggregated short interest is USD377m.</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 CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Sep 19th. The aggregated short interest is USD377m.
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 CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia.


Bursa Short Interest Weekly (Sep 19th): CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Jul 25th. The aggregated short interest is USD397m.</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 Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jul 25th. The aggregated short interest is USD397m.
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 Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak.


Bursa Short Interest Weekly (Jul 25th): Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak

External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>LBS Bina (LBS) announced that Sejuta Bina Sdn Bhd, an indirect wholly-owned subsidiary of the Group has signed a Joint Venture Agreement with Saga Tunas Sdn Bhd (landowner) to jointly develop six pieces of freehold vacant Malay Reserved Land with total land area measuring approximately 6.97 acres (or 304,408 square feet) located near Sungai Penchala.</li><li>The land, which will be amalgamated into one plot, will then be developed into a mixed development that has gross development value (GDV) of about RM1bn.</li><li>The landowner will be getting RM67m, as part of the land cost, while sharing 10% of the gross profit generated. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

LBS Bina (LBS) announced that Sejuta Bina Sdn Bhd, an indirect wholly-owned subsidiary of the Group has signed a Joint Venture Agreement with Saga Tunas Sdn Bhd (landowner) to jointly develop six pieces of freehold vacant Malay Reserved Land with total land area measuring approximately 6.97 acres (or 304,408 square feet) located near Sungai Penchala.The land, which will be amalgamated into one plot, will then be developed into a mixed development that has gross development value (GDV) of about RM1bn.The landowner will be getting RM67m, as part of the land cost, while sharing 10% of the gross profit generated. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LBS Bina Group Berhad - RM1bn Mixed Development JV

Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Research from SooChow CSSD Capital Markets (Asia)

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

SooChow CSSD Capital Markets (Asia)

Thematic (Sector/Industry)

<ul><li><a href="https://www.smartkarma.com/entities/frasers-logistics-commercial-trust" target="_blank" data-smartkarma-citation="entities:22748" rel="noopener">Frasers Logistics &amp; Commercial Trust (FLT SP)</a> acquires suburban commercial property in AUS for A$60.3m</li><li><a href="https://www.smartkarma.com/entities/centurion-corp-ltd" target="_blank" data-smartkarma-citation="entities:5186" rel="noopener">Centurion Corp (CENT SP)</a> acquires freehold student accommodation in Nottingham, UK for GBP10.4m</li><li>Highly leveraged homeowners face headwinds from rising rates, large incoming supply</li></ul>

Frasers Logistics &amp; Commercial Trust (FLT SP) acquires suburban commercial property in AUS for A$60.3mCenturion Corp (CENT SP) acquires freehold student accommodation in Nottingham, UK for GBP10.4mHighly leveraged homeowners face headwinds from rising rates, large incoming supply

ASEAN Builder's Scoop (20May22) - FLT Buys AUS Commercial Prop for ~A$60m

<ul><li><a href="https://www.smartkarma.com/entities/sph-reit" target="_blank" data-smartkarma-citation="entities:5994" rel="noopener">SPH REIT (SPHREIT SP)</a> 1QFY22 Business Updates – Prioritizing high occupancies</li><li><a href="https://www.smartkarma.com/entities/ec-world-reit" target="_blank" data-smartkarma-citation="entities:22842" rel="noopener">EC World Reit (ECWREIT SP)</a> receives compulsory expropriation of Fu Zhuo Industrial</li><li>Ascott Limited achieves record growth in 2021 amidst pandemic; China and Vietnam in focus</li></ul>

SPH REIT (SPHREIT SP) 1QFY22 Business Updates – Prioritizing high occupanciesEC World Reit (ECWREIT SP) receives compulsory expropriation of Fu Zhuo IndustrialAscott Limited achieves record growth in 2021 amidst pandemic; China and Vietnam in focus

ASEAN Builder's Scoop (10Jan22) - SPHREIT Prioritizing High Occupancies

Malaysia

LBS Bina Group Berhad is a management and investment holding company.  The Company, through its subsidiaries, operates property development and investment. LBS also provides project management and contractor services for property development, turf and landscaping contracting, insurance services, sells motor vehicles, and trades building materials.

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LBS Bina Group (LBS MK)

Bursa Short Interest Weekly (Sep 19th): CIMB, Gamuda, Sime Darby, VS Industry, Telekom Malaysia

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in CIMB, Gamuda, Sime Darby, VS Industry,...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Jul 25th): Supermax, PPB, Sunway Construction, IJM, Cahya Mata Sarawak

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Supermax, PPB, Sunway Construction,...

Ke Yan, CFA, FRM

LBS Bina Group Berhad - RM1bn Mixed Development JV

he land, which will be amalgamated into one plot, will then be developed into a mixed development that has gross development value (GDV) of about...

Public Investment Bank Bhd

ASEAN Builder's Scoop (20May22) - FLT Buys AUS Commercial Prop for ~A$60m

CENT buys Nottingham PBSA for ~GBP10m; Resi oversupply + rising rates = perfect storm; BLOOM to develop IR in Cavite; BKK housing demand rebounded...

SCCM Asia Research

ASEAN Builder's Scoop (10Jan22) - SPHREIT Prioritizing High Occupancies

SPHREIT prioritizing high occupancies; ECWREIT compulsory expropriation of Fuzhou Industrial; Ascott 2021 record growth; MSGB +50% YoY sales target

SCCM Asia Research

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