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 Jul 11th. 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 Ytl, Nationgate Holdings Berhad, Ytl Power International, Gamuda, Bumi Armada.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jul 11th. 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 Ytl, Nationgate Holdings Berhad, Ytl Power International, Gamuda, Bumi Armada.


Bursa Short Interest Weekly (Jul 11th): Ytl, Nationgate Holdings Berhad, Ytl Power International

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Jun 13th. The aggregated short interest is USD349m.</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 Genting Malaysia, Axiata, Top Glove, Sp Setia, Dialog.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jun 13th. The aggregated short interest is USD349m.
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 Genting Malaysia, Axiata, Top Glove, Sp Setia, Dialog.


Bursa Short Interest Weekly (Jun 13th): Genting Malaysia, Axiata, Top Glove, Sp Setia, Dialog

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/straits-trading-co-ltd" target="_blank" data-smartkarma-citation="entities:15745" rel="noopener">Straits Trading (STRTR SP)</a> venturing into high-tech warehouses and sophisticated storage areas</li><li><a href="https://www.smartkarma.com/entities/yanlord-land-group-ltd" target="_blank" data-smartkarma-citation="entities:14152" rel="noopener">Yanlord Land (YLLG SP)</a> 8M22 total contracted pre-sales rose 31.9% YoY; Robust Aug22 pre-sales +244.8% YoY</li><li>Jul22 retail sales up 13.7% YoY and +0.6% MoM; Slower YoY growth seen across the board from Jun22 figures</li></ul>

Straits Trading (STRTR SP) venturing into high-tech warehouses and sophisticated storage areasYanlord Land (YLLG SP) 8M22 total contracted pre-sales rose 31.9% YoY; Robust Aug22 pre-sales +244.8% YoYJul22 retail sales up 13.7% YoY and +0.6% MoM; Slower YoY growth seen across the board from Jun22 figures

ASEAN Builder's Scoop (6Sep22) - STRTR Venturing into High-Tech Warehouses

<ul><li>Parkview Square and Draycott Eight Condo deals fell through</li><li><a href="https://www.smartkarma.com/entities/robinsons-land-corp" target="_blank" data-smartkarma-citation="entities:8831" rel="noopener">Robinsons Land Co (RLC PM)</a> bonds get highest credit rating (Regina Capital)</li><li>Domestic air travel rebounds in 1H22 (Regina Capital) - Data from the Civil Aeronautics Board showed that domestic air travel passengers reached 9.69m in 1H22.</li></ul>

Parkview Square and Draycott Eight Condo deals fell throughRobinsons Land Co (RLC PM) bonds get highest credit rating (Regina Capital)Domestic air travel rebounds in 1H22 (Regina Capital) - Data from the Civil Aeronautics Board showed that domestic air travel passengers reached 9.69m in 1H22.

ASEAN Builder's Scoop (25Aug22) - Parkview Square, Draycott 8 Condo Deals Fell Through

<ul>
<li>New private home sales dropped 64% MoM in Jun22; Take-up rate rebounded to ~123%</li>
<li>
<a href="https://www.smartkarma.com/entities/metro-holdings-ltd" target="_blank" data-smartkarma-citation="entities:7401" rel="noopener">Metro Holdings (METRO SP)</a> incurred S$36.3m impairment losses amid China property headwinds</li>
<li>Chuan Park sold for S$890m, lower than S$938m reserve price</li>
</ul>


New private home sales dropped 64% MoM in Jun22; Take-up rate rebounded to ~123%

Metro Holdings (METRO SP) incurred S$36.3m impairment losses amid China property headwinds
Chuan Park sold for S$890m, lower than S$938m reserve price


ASEAN Builder's Scoop (18Jul22) - New Home Sales Fell 64% MoM, but Take-Up Rate Rebounded

Malaysia

Mah Sing Group Berhad is a property developer. The Company's principal activity is in property development where the group develops commercial, residential (both high-rise and landed) as well as industrial properties. The Group is also involved in plastic manufacturing manufacturing and trading in Malaysia and Indonesia.

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Mah Sing Group (MSGB MK)

Bursa Short Interest Weekly (Jul 11th): Ytl, Nationgate Holdings Berhad, Ytl Power International

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Ytl, Nationgate Holdings Berhad, Ytl...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Jun 13th): Genting Malaysia, Axiata, Top Glove, Sp Setia, Dialog

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Genting Malaysia, Axiata, Top Glove,...

Ke Yan, CFA, FRM

ASEAN Builder's Scoop (6Sep22) - STRTR Venturing into High-Tech Warehouses

YLLG robust Aug22 pre-sales; Jul22 retail sales YoY growth slowed down; DMW growing rentals, heavy downside risks; Manila resi vacancy declining in...

SCCM Asia Research

ASEAN Builder's Scoop (25Aug22) - Parkview Square, Draycott 8 Condo Deals Fell Through

RLC bonds get highest credit ratings; Phils domestic air travel rebounded in 1H22; MCH plans >MYR1.5bn property launches; MSGB M Adora towers...

SCCM Asia Research

ASEAN Builder's Scoop (18Jul22) - New Home Sales Fell 64% MoM, but Take-Up Rate Rebounded

METRO impairment losses on China prop debt; Chuan Park sold enbloc for S$890m; Thai offers land ownerhip to foreigners; Phils OFW remittance up in...

SCCM Asia Research

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