APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC 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.

Equity Capital Markets

Nanshan Aluminium International / Equity Capital Markets

Nanshan Aluminium International (2610 HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nanshan-aluminium-international-holdings" target="_blank" data-smartkarma-citation="entities:43976:1" rel="noopener">Nanshan Aluminium International Holdings (NAI HK)</a> , raised around US$302m in its Hong Kong IPO.</li>
<li>It is a leading high-quality alumina manufacturer in Southeast Asia.</li>
<li>We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.</li>
</ul>



Nanshan Aluminium International Holdings (NAI HK) , raised around US$302m in its Hong Kong IPO.
It is a leading high-quality alumina manufacturer in Southeast Asia.
We have looked at the company’s past performance and valuations in our previous notes. In this note, we will talk about the trading dynamics.


Nanshan Aluminium IPO Trading: Low Institutional Coverage, Likely to Trade Weak

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nanshan-aluminium-international-holdings" target="_blank" data-smartkarma-citation="entities:43976:1" rel="noopener">Nanshan Aluminium International Holdings (NAI HK)</a>  is looking to raise up to US$358m in its upcoming Hong Kong IPO.</li>
<li>NA is a leading high-quality alumina manufacturer in Southeast Asia.  The firm sources bauxite domestically in Indonesia and utilizes low-temperature Bayer process.</li>
<li>We have looked at the company’s past performance in our earlier notes. In this note, we discuss latest industry dynamics, conduct a quick peer comparison and discuss the company’s valuation.</li>
</ul>



Nanshan Aluminium International Holdings (NAI HK)  is looking to raise up to US$358m in its upcoming Hong Kong IPO.
NA is a leading high-quality alumina manufacturer in Southeast Asia.  The firm sources bauxite domestically in Indonesia and utilizes low-temperature Bayer process.
We have looked at the company’s past performance in our earlier notes. In this note, we discuss latest industry dynamics, conduct a quick peer comparison and discuss the company’s valuation.


Nanshan Aluminium IPO: Orphaned Security with Margin Risk

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nanshan-aluminium-international-holdings" target="_blank" data-smartkarma-citation="entities:43976:1" rel="noopener">Nanshan Aluminium International Holdings (NAI HK)</a> is looking to raise up to US$400m in its upcoming Hong Kong IPO.</li>
<li>It is a leading high-quality alumina manufacturer in Southeast Asia.</li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



Nanshan Aluminium International Holdings (NAI HK) is looking to raise up to US$400m in its upcoming Hong Kong IPO.
It is a leading high-quality alumina manufacturer in Southeast Asia.
In this note, we look at the firm's past performance.


Nanshan Aluminium Pre-IPO: Largest SEA Producer but Most of Revenue Comes from Two Customers

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>SSE 50 and SSE 180, respectively, aim to represent the performance of the 50 and 180 largest and most liquid A-share stocks listed on the Shanghai Stock Exchange.</li>
<li>In this insight, we take a look at the names leading the race to become ADDs and DELs during the December 2024 index rebal event.</li>
<li>While our SSE 50 expected ADDs/DELs list remains unchanged, there have been multiple changes to our SSE 180 expected ADDs/DELs list.</li>
</ul>


SSE 50 and SSE 180, respectively, aim to represent the performance of the 50 and 180 largest and most liquid A-share stocks listed on the Shanghai Stock Exchange.
In this insight, we take a look at the names leading the race to become ADDs and DELs during the December 2024 index rebal event.
While our SSE 50 expected ADDs/DELs list remains unchanged, there have been multiple changes to our SSE 180 expected ADDs/DELs list.


Quiddity Leaderboard SSE50/180 Dec 24: Multiple Changes to Expectations; US$2.2bn One-Way

Shandong Nanshan Aluminum A / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nanshan-aluminium-international-holdings" target="_blank" data-smartkarma-citation="entities:43976:1" rel="noopener">Nanshan Aluminium International Holdings (NAI HK)</a>  is looking to raise about US$500m in its upcoming Hong Kong IPO. The deal will be run by Huatai International.</li>
<li>Nanshan Aluminium International is a leading alumina manufacturer in Southeast Asia.</li>
<li>The firm’s primary focus has been tapping into Indonesia’s abundant bauxite and coal reserves, utilizing the low-temperature Bayer process to produce metallurgical-grade alumina in sand form.</li>
</ul>



Nanshan Aluminium International Holdings (NAI HK)  is looking to raise about US$500m in its upcoming Hong Kong IPO. The deal will be run by Huatai International.
Nanshan Aluminium International is a leading alumina manufacturer in Southeast Asia.
The firm’s primary focus has been tapping into Indonesia’s abundant bauxite and coal reserves, utilizing the low-temperature Bayer process to produce metallurgical-grade alumina in sand form.


Nanshan Aluminium International Pre-IPO Tearsheet

China

Shandong Nanshan Aluminum Co., Ltd. designs, manufactures, and markets aluminum products and worsted woolen products. The Company's major aluminum offerings are electrolytic aluminum and section aluminum. Its woolen products include soybean fiber fabrics, silk fabrics, wool/flax fabrics and cashmere. Shandong also generates and supplies electricity.

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Shandong Nanshan Aluminum A (600219 CH)

Nanshan Aluminium IPO Trading: Low Institutional Coverage, Likely to Trade Weak

Nanshan Aluminium, raised around US$302m in its Hong Kong IPO. It is a leading high-quality alumina manufacturer in Southeast Asia. In this note,...

Nicholas Tan

Nanshan Aluminium IPO: Orphaned Security with Margin Risk

Nanshan Aluminium (NA) is looking to raise up to US$358m in its upcoming Hong Kong IPO. It is an alumina manufacturer catering to the SEA market....

Nicholas Tan

Nanshan Aluminium Pre-IPO: Largest SEA Producer but Most of Revenue Comes from Two Customers

Nanshan Aluminium is looking to raise up to US$400m in its upcoming Hong Kong IPO. It is a leading high-quality alumina manufacturer in SEA. In...

Nicholas Tan

Quiddity Leaderboard SSE50/180 Dec 24: Multiple Changes to Expectations; US$2.2bn One-Way

On average, the SSE 50 expected ADDs/DELs have ~3x ADV to trade. We expect US$1.9bn one-way flows for SSE 50 and US$288mn one-way flows for SSE 180...

Janaghan Jeyakumar, CFA

Nanshan Aluminium International Pre-IPO Tearsheet

Nanshan Aluminium International is a leading alumina manufacturer in Southeast Asia and is looking to raise about US$500m in its upcoming Hong Kong...

Nicholas Tan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)