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 TWSE Stocks as of Jul 11th. The aggregated short interest was USD25.6bn.</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 Unimicron Technology, Zhen Ding Technology, Ase Industrial, Mediatek, Asustek Computer.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jul 11th. The aggregated short interest was USD25.6bn.
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 Unimicron Technology, Zhen Ding Technology, Ase Industrial, Mediatek, Asustek Computer.


TWSE Short Interest Weekly (Jul 11th): Unimicron Technology, Zhen Ding Technology, Ase Industrial

Taiwan Tech Focused Senior Analyst

Patrick Liao

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>
<a href="https://www.smartkarma.com/entities/taiwan-semiconductor-sp-adr" target="_blank" data-smartkarma-citation="entities:8587:1" rel="noopener">Taiwan Semiconductor (TSMC) - ADR (TSM US)</a> is planning to scale back its presence in the gallium nitride (GaN) market to focus on high-growth areas.</li>
<li>To meet customer demand, <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-sp-adr" target="_blank" data-smartkarma-citation="entities:8587:1" rel="noopener">Taiwan Semiconductor (TSMC) - ADR (TSM US)</a> has recently been reallocating resources away from mature process nodes.</li>
<li>We estimate that <a href="https://www.smartkarma.com/entities/navitas-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:36294:1" rel="noopener">Navitas Semiconductor Corp (NVTS US)</a> alone consumes over half of TSMC’s GaN capacity each month, making it TSMC’s largest GaN customer.</li>
</ul>



Taiwan Semiconductor (TSMC) - ADR (TSM US) is planning to scale back its presence in the gallium nitride (GaN) market to focus on high-growth areas.
To meet customer demand, Taiwan Semiconductor (TSMC) - ADR (TSM US) has recently been reallocating resources away from mature process nodes.
We estimate that Navitas Semiconductor Corp (NVTS US) alone consumes over half of TSMC’s GaN capacity each month, making it TSMC’s largest GaN customer.


TSMC (2330.TT; TSM.US): Halts GaN Production at Fab 5, Shifting to Advanced Packaging.

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul><li>Taiwan's carbon fee policy is being challenged by local and EU regulations, impacting their offshore wind goals.</li><li>Europe's data center capacity shortage for the AI race is causing concerns in the region.</li><li>Samsung's Galaxy Tab S10 series now includes MediaTek chips, bringing new capabilities to the familiar design.</li></ul>

Taiwan's carbon fee policy is being challenged by local and EU regulations, impacting their offshore wind goals.Europe's data center capacity shortage for the AI race is causing concerns in the region.Samsung's Galaxy Tab S10 series now includes MediaTek chips, bringing new capabilities to the familiar design.

Tech Supply Chain Tracker (03-Oct-2024): Taiwan's carbon fee faces challenges from local, EU regs.

Zhen Ding Technology Holding / Equity Bottom-Up

<ul><li>Nvidia expands beyond chips to offer various AI services, becoming a one-stop AI factory for customers.</li><li>Cobalt recycling gains popularity as speculation grows over export restrictions, driving the trend in the industry.</li><li>India and Singapore sign MoU on semiconductors, while UK delegation pursues closer ties with Taiwan for collaboration.</li></ul>

Nvidia expands beyond chips to offer various AI services, becoming a one-stop AI factory for customers.Cobalt recycling gains popularity as speculation grows over export restrictions, driving the trend in the industry.India and Singapore sign MoU on semiconductors, while UK delegation pursues closer ties with Taiwan for collaboration.

Tech Supply Chain Tracker (06-Sep-2024): Nvidia transforms into AI factory 🤖

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jun 7th which has an aggregated short interest worth USD101.7bn.</li>
<li>We tabulate league table 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 Novatek, Eva Airways, Alchip Tech, Realtek Semi, Powerchip Semico, Asustek Computer, Nan Ya Printed.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jun 7th which has an aggregated short interest worth USD101.7bn.
We tabulate league table 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 Novatek, Eva Airways, Alchip Tech, Realtek Semi, Powerchip Semico, Asustek Computer, Nan Ya Printed.


TWSE Short Interest Weekly (Jun 7th): Novatek, Eva Airways, Alchip Tech, Realtek

Taiwan

Powerchip Semiconductor Manufacturing Corporation develops, manufactures, and distirbutes advanced memory components. The Company produces power integrated circuits, discrete components, image sensors, integrated memory chips and other products. Powerchip Semiconductor Manufacturing conducts businesses across worldwide.

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Powerchip Semiconductor Manufa (6770 TT)

TWSE Short Interest Weekly (Jul 11th): Unimicron Technology, Zhen Ding Technology, Ase Industrial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Unimicron Technology, Zhen Ding Technology, Ase...

Ke Yan, CFA, FRM

TSMC (2330.TT; TSM.US): Halts GaN Production at Fab 5, Shifting to Advanced Packaging.

TSMC is shifting focus away from the gallium nitride market to prioritize high-growth areas, reallocating resources to meet customer demand....

Patrick Liao

Tech Supply Chain Tracker (03-Oct-2024): Taiwan's carbon fee faces challenges from local, EU regs.

Taiwan's carbon fee policy faces challenges from local and EU regulations, while Europe's data centers lack capacity for AI race, impacting...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (06-Sep-2024): Nvidia transforms into AI factory 🤖

Nvidia expands into AI services, cobalt recycling in demand, India-Singapore semiconductor deal, UK-Taiwan collaboration at SEMICON, Zhen Ding...

Tech Supply Chain Tracker

TWSE Short Interest Weekly (Jun 7th): Novatek, Eva Airways, Alchip Tech, Realtek

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Novatek, Eva Airways, Alchip Tech, Realtek Semi,...

Ke Yan, CFA, FRM

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52-week Range

Market Cap (USDm)

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