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 Bursa stocks as of Apr 25th which has an aggregated short interest worth USD0.3bn.</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 Tenaga Nasional, Mr DIY, Genting, Dialog, Top Glove.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Apr 25th which has an aggregated short interest worth USD0.3bn.
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 Tenaga Nasional, Mr DIY, Genting, Dialog, Top Glove.


Bursa Short Interest Weekly (Apr 25th): Tenaga Nasional, Mr DIY, Genting, Dialog

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>Preference for CBD offices remains; However, home prices in CCR lag that of Suburbs</li><li>2 commercial buildings in Tanjong Pagar on market for collective sale</li><li><a href="https://www.smartkarma.com/entities/sime-darby-property-bhd" target="_blank" data-smartkarma-citation="entities:26921" rel="noopener">Sime Darby Property Bhd (SDPR MK)</a> factories worth MYR213m snapped up during most recent launch</li></ul>

Preference for CBD offices remains; However, home prices in CCR lag that of Suburbs2 commercial buildings in Tanjong Pagar on market for collective saleSime Darby Property Bhd (SDPR MK) factories worth MYR213m snapped up during most recent launch

ASEAN Builder's Scoop (27Sep22) - CBD Office Preferred, but Home Rental Lags

<ul><li><a href="https://www.smartkarma.com/entities/esr-reit" target="_blank" data-smartkarma-citation="entities:10934" rel="noopener">ESR-LOGOS REIT (EREIT SP) </a>maiden Japan logistics acquisition; +2.9% DPU accretion   </li><li><a href="https://www.smartkarma.com/entities/guocoland-ltd" target="_blank" data-smartkarma-citation="entities:17467" rel="noopener">GuocoLand (GUOL SP)</a> FY22 Net profit more than doubled YoY; Boosted by property development and investment business</li><li>Hotel G, Lyf Funan on the market as hotel operations rebounded strongly</li></ul>

ESR-LOGOS REIT (EREIT SP) maiden Japan logistics acquisition; +2.9% DPU accretion   GuocoLand (GUOL SP) FY22 Net profit more than doubled YoY; Boosted by property development and investment businessHotel G, Lyf Funan on the market as hotel operations rebounded strongly

ASEAN Builder's Scoop (30Aug22) - EREIT Maiden Entry into Japan, +2.9% DPU Accretion

<ul><li>Surging demand + limited supply = perfect storm as rents rising by 20-40% on average</li><li><a href="https://www.smartkarma.com/entities/sinarmas-land-ltd" target="_blank" data-smartkarma-citation="entities:1144" rel="noopener">Sinarmas Land (SML SP)</a> forms investment arm to fund Indonesian startups</li><li><a href="https://www.smartkarma.com/entities/filinvest-reit" target="_blank" data-smartkarma-citation="entities:33764" rel="noopener">Filinvest REIT (FILRT PM)</a> – Dragging market price pushing up yields (Regina Capital)</li></ul>

Surging demand + limited supply = perfect storm as rents rising by 20-40% on averageSinarmas Land (SML SP) forms investment arm to fund Indonesian startupsFilinvest REIT (FILRT PM) – Dragging market price pushing up yields (Regina Capital)

ASEAN Builder's Scoop (28Jun22) - Perferct Storm as Rents Rising 20-40% on Avg

<ul><li>Apr22 retail sales up 12.1% YoY; F&amp;B sales rose 11.4% YoY - Retail sales increased 12.1% YoY in Apr22 to S$3.7bn. </li><li><a href="https://www.smartkarma.com/entities/sime-darby-property-bhd" target="_blank" data-smartkarma-citation="entities:26921" rel="noopener">Sime Darby Property Bhd (SDPR MK)</a> completed the sale of East 57 hillside homes</li><li><a href="https://www.smartkarma.com/entities/megaworld-corp" target="_blank" data-smartkarma-citation="entities:8746" rel="noopener">Megaworld Corp (MEG PM)</a> hikes FY22 budget to PHP50bn (Regina Capital)</li></ul>

Apr22 retail sales up 12.1% YoY; F&amp;B sales rose 11.4% YoY - Retail sales increased 12.1% YoY in Apr22 to S$3.7bn. Sime Darby Property Bhd (SDPR MK) completed the sale of East 57 hillside homesMegaworld Corp (MEG PM) hikes FY22 budget to PHP50bn (Regina Capital)

ASEAN Builder's Scoop (6Jun22) - Apr22 Retail Sales up 1.2% MoM

Malaysia

Sime Darby Property Berhad provides property development and investment services. The Company offers parks, hotels, resorts, and golf and country club. Sime Darby Property serves hospitality and leisure industries in Malaysia.

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Sime Darby Property Bhd (SDPR MK)

Bursa Short Interest Weekly (Apr 25th): Tenaga Nasional, Mr DIY, Genting, Dialog

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Tenaga Nasional, Mr DIY, Genting,...

Ke Yan, CFA, FRM

ASEAN Builder's Scoop (27Sep22) - CBD Office Preferred, but Home Rental Lags

SDPR sold out Selangor factories; APAC tourist arrivals surge; Phils credit rating agencies eye more rate hikes; IMF downgrades PH growth est

SCCM Asia Research

ASEAN Builder's Scoop (30Aug22) - EREIT Maiden Entry into Japan, +2.9% DPU Accretion

GUOL FY22 net profit more than doubled YoY; Hotel G, Lyf Funan on the market; SDPR in JV to develop RBW in Klang. ESR-Logos REIT (EREIT SP) maiden...

SCCM Asia Research

ASEAN Builder's Scoop (28Jun22) - Perferct Storm as Rents Rising 20-40% on Avg

SML forms tech investment arm; FILRT dragging mrkt price pushing up yields; CPG to focus on affordable housing; SDPR Battersea UK plans new launches

SCCM Asia Research

ASEAN Builder's Scoop (6Jun22) - Apr22 Retail Sales up 1.2% MoM

SPDR sold its East 57 hillside homes; MEG raises capex budget to PHP50bn; Inflation still high in PH; Apr22 retail sales up 12.1% YoY; F&B sales...

SCCM Asia Research

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