Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>LS Electric, one of the major power equipment providers in Korea, became a new supplier of distribution board components to Elon Musk's xAI data centers in Memphis, Tennessee.</li>
<li>Some of the major electric utilities and other companies in the US have been reluctant to use electrical equipment products from China due to quality and security concerns.</li>
<li>Therefore, leading Korean companies such as LS Electric have been beneficiary of receiving more orders from the major US electrical utilities and other major companies in the US. </li>
</ul>


LS Electric, one of the major power equipment providers in Korea, became a new supplier of distribution board components to Elon Musk's xAI data centers in Memphis, Tennessee.
Some of the major electric utilities and other companies in the US have been reluctant to use electrical equipment products from China due to quality and security concerns.
Therefore, leading Korean companies such as LS Electric have been beneficiary of receiving more orders from the major US electrical utilities and other major companies in the US. 


LS Electric: Increasing Supplies for Distribution Board Components to Elon Musk's XAI Data Centers

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Computing, and thus data centers, are becoming more critical to nearly every business (thank AI).</li><li>In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and leading vendors.</li><li>Simply put, a green data center uses many of the standard computer systems and networking equipment of other data centers, but with a strong emphasis on minimizing environmental impact. </li></ul>

Computing, and thus data centers, are becoming more critical to nearly every business (thank AI).In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and leading vendors.Simply put, a green data center uses many of the standard computer systems and networking equipment of other data centers, but with a strong emphasis on minimizing environmental impact. 

Tech Talk: Next-Gen Data Centers Green and Crypto Data Centers

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

Geekplus Technology / Equity Capital Markets

<ul>
<li>Geek+, a Beijing-based autonomous mobile robots (AMRs) unicorn with focus on smart logistics, filed to go public in Hong Kong.</li>
<li>The AI &amp; robotics company was backed by Warburg Pincus, GGV Capital, D1 Capital Partners, Intel Capital, Vertex Ventures, and Gaorong Capital, among others.</li>
<li>Beijing Geekplus IPO comes after another robotics unicorn, a leading manufacturer of collaborative robots Shenzhen Dobot, raised ~HK$681M in its HK IPO in December.</li>
</ul>


Geek+, a Beijing-based autonomous mobile robots (AMRs) unicorn with focus on smart logistics, filed to go public in Hong Kong.
The AI &amp; robotics company was backed by Warburg Pincus, GGV Capital, D1 Capital Partners, Intel Capital, Vertex Ventures, and Gaorong Capital, among others.
Beijing Geekplus IPO comes after another robotics unicorn, a leading manufacturer of collaborative robots Shenzhen Dobot, raised ~HK$681M in its HK IPO in December.


Geek+ IPO Preview: Extending Leadership in Warehouse Automation Sector, New Robotic IPO in Hong Kong

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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shift-up-corp" target="_blank" data-smartkarma-citation="entities:36232:1" rel="noopener">Shift Up (462870 KS)</a> raised around US$320m in its South Korean IPO, after pricing at the top. Around US$1.2bn worth of shares will be released from their lockup soon.</li>
<li>Shift Up is a South Korean games developer, which as released three games so far for the global markets.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Shift Up (462870 KS) raised around US$320m in its South Korean IPO, after pricing at the top. Around US$1.2bn worth of shares will be released from their lockup soon.
Shift Up is a South Korean games developer, which as released three games so far for the global markets.
In this note, we will talk about the lockup dynamics and possible placement.


Shift Up IPO Lockup - US$1.2bn Lockup Release of Strategic, Employees and IPO Investors

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>Automobile retail sales grew by 9% in 2024, driven by strong demand for two-wheelers and passenger vehicles, while commercial vehicle sales remained flat. </li>
<li>
<a href="https://www.smartkarma.com/entities/microsoft-corp" target="_blank" data-smartkarma-citation="entities:15273:1" rel="noopener">Microsoft Corp (MSFT US)</a>  $3 billion investment in India focuses on expanding AI and cloud infrastructure, training 10 million people in AI skills, and building sustainable data centers.</li>
<li>India's real GDP is expected to grow by 6.4% in FY25, down from 8.2% in FY24. Agriculture GVA growth projected at 3.8%, with strong performance in Public Administration and Services.</li>
</ul>


Automobile retail sales grew by 9% in 2024, driven by strong demand for two-wheelers and passenger vehicles, while commercial vehicle sales remained flat. 

Microsoft Corp (MSFT US)  $3 billion investment in India focuses on expanding AI and cloud infrastructure, training 10 million people in AI skills, and building sustainable data centers.
India's real GDP is expected to grow by 6.4% in FY25, down from 8.2% in FY24. Agriculture GVA growth projected at 3.8%, with strong performance in Public Administration and Services.


#82 India Insight: Automobile Sales Surge 9%, Microsoft’s $3Bn Inv in India, FY25 GDP Growth at 6.4%

United States

Microsoft Corporation operates as a software company. The Company offers applications, extra cloud storage, and advanced security solutions. Microsoft serves customers worldwide.

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Microsoft Corp (MSFT US)

LS Electric: Increasing Supplies for Distribution Board Components to Elon Musk's XAI Data Centers

LS Electric, one of the major power equipment providers in Korea, became a new supplier of distribution board components to Elon Musk's xAI data...

Douglas Kim

Tech Talk: Next-Gen Data Centers Green and Crypto Data Centers

In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and...

Water Tower Research

Geek+ IPO Preview: Extending Leadership in Warehouse Automation Sector, New Robotic IPO in Hong Kong

Beijing-based Geek+, a leader in the global AMR market, applying advanced robotics and AI technologies to warehouse and factory operations, will go...

Andrei Zakharov

Shift Up IPO Lockup - US$1.2bn Lockup Release of Strategic, Employees and IPO Investors

Shift Up (462870 KS) raised around US$320m in its South Korean IPO, after pricing at the top. Around US$1.2bn worth of shares will be released from...

Sumeet Singh

#82 India Insight: Automobile Sales Surge 9%, Microsoft’s $3Bn Inv in India, FY25 GDP Growth at 6.4%

Automobile retail sales grew by 9% in 2024, Microsoft invests $3 billion in India for AI and cloud infrastructure, India's real GDP expected to...

Sudarshan Bhandari

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52-week Range

Market Cap (USDm)

P/E

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LS Electric: Increasing Supplies for Distribution Board Components to Elon Musk's XAI Data Centers

LS Electric, one of the major power equipment providers in Korea, became a new supplier of distribution board components to Elon Musk's xAI data...

Douglas Kim

Tech Talk: Next-Gen Data Centers Green and Crypto Data Centers

In this edition of Tech Talk, we focus on green and crypto data centers, highlighting their specific needs, characteristics, market dynamics, and...

Water Tower Research

Geek+ IPO Preview: Extending Leadership in Warehouse Automation Sector, New Robotic IPO in Hong Kong

Beijing-based Geek+, a leader in the global AMR market, applying advanced robotics and AI technologies to warehouse and factory operations, will go...

Andrei Zakharov

Shift Up IPO Lockup - US$1.2bn Lockup Release of Strategic, Employees and IPO Investors

Shift Up (462870 KS) raised around US$320m in its South Korean IPO, after pricing at the top. Around US$1.2bn worth of shares will be released from...

Sumeet Singh

#82 India Insight: Automobile Sales Surge 9%, Microsoft’s $3Bn Inv in India, FY25 GDP Growth at 6.4%

​Automobile retail sales grew by 9% in 2024, Microsoft invests $3 billion in India for AI and cloud infrastructure, India's real GDP expected to...

Sudarshan Bhandari

Automobile retail sales grew by 9% in 2024, Microsoft invests $3 billion in India for AI and cloud infrastructure, India's real GDP expected to...