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 margin trading positions of JPX stocks as of Nov 21st. The aggregated net margin trading position is USD19,632m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in SoftBank, Mitsubishi Heavy Industries, SBI, Nippon Telegraph and Telephone, Sanrio, Tokyo Electric Power Company, Tokio Marine, Mitsubishi UFJ Financial, Furukawa Electric.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Nov 21st. The aggregated net margin trading position is USD19,632m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in SoftBank, Mitsubishi Heavy Industries, SBI, Nippon Telegraph and Telephone, Sanrio, Tokyo Electric Power Company, Tokio Marine, Mitsubishi UFJ Financial, Furukawa Electric.


JPX Margin Trading Weekly (Nov 21st): SoftBank, Mitsubishi Heavy Industries, SBI

<ul>
<li>We analysed the earning revision of component stocks of TOPIX CORE 30 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Recruit, Hitachi, Sony Financial, Toyota Motor, SoftBank, Sumitomo Mitsui Financial, Mitsubishi UFJ Financial, Toyota Motor, Mitsubishi Ufj Financial, Hitachi, Softbank, Sumitomo Mitsui Financial, Recruit.</li>
</ul>


We analysed the earning revision of component stocks of TOPIX CORE 30 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Recruit, Hitachi, Sony Financial, Toyota Motor, SoftBank, Sumitomo Mitsui Financial, Mitsubishi UFJ Financial, Toyota Motor, Mitsubishi Ufj Financial, Hitachi, Softbank, Sumitomo Mitsui Financial, Recruit.


TOPIX CORE 30 Index Earning Revision (Oct): Recruit, Hitachi, Sony Financial, Toyota Motor, SoftBank

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Oct 17th. The aggregated net margin trading position is USD18,404m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in IHI, Kobe Bussan, Advantest, Disco, Mitsubishi Heavy Industries, SoftBank, Fujikura, Mitsubishi UFJ Financial, Recruit, Furukawa Electric, Ihi, Kobe Bussan, Advantest, Disco.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Oct 17th. The aggregated net margin trading position is USD18,404m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in IHI, Kobe Bussan, Advantest, Disco, Mitsubishi Heavy Industries, SoftBank, Fujikura, Mitsubishi UFJ Financial, Recruit, Furukawa Electric, Ihi, Kobe Bussan, Advantest, Disco.


JPX Margin Trading Weekly (Oct 17th): IHI, Kobe Bussan, Advantest, Disco

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Event-Driven

<ul>
<li>Ito-Yokado’s withdrawal from the Hokkaido market has proven a windfall for affiliated chain, Daiichi. </li>
<li>The Hokkaido supermarket has already opened new stores in sites vacated by Ito-Yokado – the only difficulty has been finding ways to fill the larger spaces.</li>
<li>Now Arcs is waiting in the wings in case Daiichi becomes available for takeover – Arcs' chairman owns 1% of Daiichi personally.</li>
</ul>


Ito-Yokado’s withdrawal from the Hokkaido market has proven a windfall for affiliated chain, Daiichi. 
The Hokkaido supermarket has already opened new stores in sites vacated by Ito-Yokado – the only difficulty has been finding ways to fill the larger spaces.
Now Arcs is waiting in the wings in case Daiichi becomes available for takeover – Arcs' chairman owns 1% of Daiichi personally.


Daiichi a Possible Target for Arcs Takeover as Gains in Hokkaido

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>RHB lowers CDLHT target price due to market challenges.         </li>
<li>RHB calls ST Engineering a high-quality, defensive growth opportunity.</li>
<li>Ready-to-eat at 7-Eleven could prompt a re-rating for DFI Retail.</li>
</ul>


RHB lowers CDLHT target price due to market challenges.         
RHB calls ST Engineering a high-quality, defensive growth opportunity.
Ready-to-eat at 7-Eleven could prompt a re-rating for DFI Retail.


Singapore Market Roundup (24-Sep-2025): RHB cuts CDLHT target price amid market challenges.

Japan

Seven & i Holdings Co., Ltd. is a holding company which was established through the merger of Ito-Yokado Co., Seven Eleven Japan Co., and Denny's Japan. The Company plans, manages, and operates mainly convenience stores, supermarkets, and department stores.

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Seven & I Holdings (3382 JP)

JPX Margin Trading Weekly (Nov 21st): SoftBank, Mitsubishi Heavy Industries, SBI

We analyzed JPX margin trading positions report for the past week and highlighted SoftBank (9984 JP), Mitsubishi Heavy Industries (7011 JP), SBI...

Ke Yan, CFA, FRM

TOPIX CORE 30 Index Earning Revision (Oct): Recruit, Hitachi, Sony Financial, Toyota Motor, SoftBank

We analyzed TOPIX CORE 30's consensus for Oct 2025 and highlighted changes of EPS in Recruit (6098 JP), Hitachi (6501 JP), Sony Financial (8729...

Ke Yan, CFA, FRM

JPX Margin Trading Weekly (Oct 17th): IHI, Kobe Bussan, Advantest, Disco

We analyzed JPX margin trading positions report for the past week and highlighted IHI (7013 JP), Kobe Bussan (3038 JP), Advantest (6857 JP), Disco...

Ke Yan, CFA, FRM

Daiichi a Possible Target for Arcs Takeover as Gains in Hokkaido

Ito-Yokado's exit from Hokkaido benefits Daiichi, which is moving into the former's old stores. But with only Aeon as a competitor in the island,...

Michael Causton

Singapore Market Roundup (24-Sep-2025): RHB cuts CDLHT target price amid market challenges.

RHB reduces CDLHT target price amid market challenges, views ST Engineering as a strong growth opportunity, and sees 7-Eleven's ready-to-eat...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

JPX Margin Trading Weekly (Nov 21st): SoftBank, Mitsubishi Heavy Industries, SBI

We analyzed JPX margin trading positions report for the past week and highlighted SoftBank (9984 JP), Mitsubishi Heavy Industries (7011 JP), SBI...

Ke Yan, CFA, FRM

TOPIX CORE 30 Index Earning Revision (Oct): Recruit, Hitachi, Sony Financial, Toyota Motor, SoftBank

We analyzed TOPIX CORE 30's consensus for Oct 2025 and highlighted changes of EPS in Recruit (6098 JP), Hitachi (6501 JP), Sony Financial (8729...

Ke Yan, CFA, FRM

JPX Margin Trading Weekly (Oct 17th): IHI, Kobe Bussan, Advantest, Disco

We analyzed JPX margin trading positions report for the past week and highlighted IHI (7013 JP), Kobe Bussan (3038 JP), Advantest (6857 JP), Disco...

Ke Yan, CFA, FRM

Daiichi a Possible Target for Arcs Takeover as Gains in Hokkaido

​Ito-Yokado's exit from Hokkaido benefits Daiichi, which is moving into the former's old stores. But with only Aeon as a competitor in the island,...

Michael Causton

Singapore Market Roundup (24-Sep-2025): RHB cuts CDLHT target price amid market challenges.

RHB reduces CDLHT target price amid market challenges, views ST Engineering as a strong growth opportunity, and sees 7-Eleven's ready-to-eat...

Singapore Market Roundup

Ito-Yokado's exit from Hokkaido benefits Daiichi, which is moving into the former's old stores. But with only Aeon as a competitor in the island,...