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>YTD GCB transactions tally less than half of 1H21 as slowdown bites</li><li><a href="https://www.smartkarma.com/entities/filinvest-land-inc" target="_blank" data-smartkarma-citation="entities:23026" rel="noopener">Filinvest Land (FLI PM)</a> raises PHP11.9bn in oversubscribed bonds (Regina Capital)</li><li>Property prices sustain growth (Regina Capital) - Property prices sustained their growth momentum for 3 straight quarters now, rising by +5.6% YoY to 139.60 in 1Q22 amid the further reopening of the economy.</li></ul>

YTD GCB transactions tally less than half of 1H21 as slowdown bitesFilinvest Land (FLI PM) raises PHP11.9bn in oversubscribed bonds (Regina Capital)Property prices sustain growth (Regina Capital) - Property prices sustained their growth momentum for 3 straight quarters now, rising by +5.6% YoY to 139.60 in 1Q22 amid the further reopening of the economy.

ASEAN Builder's Scoop (24Jun22) - GCB YTD Volume Tally Less than Half of 1H21

Equity Analyst, LightStream Research

Oshadhi Kumarasiri

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

An analysis of past IPOs on the Philippines Stock Exchange shows that very few stocks have had strong openings offering over 50% upside on the first few trading days. However, IPOs in the Philippines have generally performed well after a relatively stable first two months.
Therefore, a strong opening for <a href="https://www.smartkarma.com/entities/monde-nissin-corp" target="_blank" data-smartkarma-citation="entities:32188:1" rel="noopener">Monde Nissin Corp (0191881D PM)</a> shares on tomorrow’s PSE debut (1st July 2021) is not guaranteed, even though the offer has attracted significant interest from many long-only investors. Nevertheless, we think investors should not be disappointed, as Monde Nissin is likely to offer robust long-term returns.

An analysis of past IPOs on the Philippines Stock Exchange shows that very few stocks have had strong openings offering over 50% upside on the first few trading days. However, IPOs in the Philippines have generally performed well after a relatively stable first two months.
Therefore, a strong opening for Monde Nissin Corp (0191881D PM) shares on tomorrow’s PSE debut (1st July 2021) is not guaranteed, even though the offer has attracted significant interest from many long-only investors. Nevertheless, we think investors should not be disappointed, as Monde Nissin is likely to offer robust long-term returns.

Philippines

MerryMart Consumer Corp. operates as supermarket. The Company distributes consumer goods such as grocery, packed food, vegetable, fruits, fish, meat, pharmaceutical, personal care, and other related items. MerryMart Consumer serves customers in Philippines.

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MerryMart Consumer Corp (MM PM)

ASEAN Builder's Scoop (24Jun22) - GCB YTD Volume Tally Less than Half of 1H21

FLI raises PHP11.9bn bond; Phils prop prices sustain growth; RGP launching 10,000 Thai low-cost condos in 2022; SREIT buys PJ industrial prop

SCCM Asia Research

Monde Nissin IPO: First Day Trading

A strong opening for Monde Nissin tomorrow is not guaranteed, as has not been the case for most IPOs in the Philippines. If Monde Nissin manages to...

Oshadhi Kumarasiri

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