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.

Equity Capital Markets

<ul>
<li>I-Tail Corporation, an original equipment manufacturer (OEM) in the wet pet food category, aims to list in Thailand in 4Q22. ITC is a subsidiary of <a href="https://www.smartkarma.com/entities/thai-union-group-pcl" target="_blank" data-smartkarma-citation="entities:161:1" rel="noopener">Thai Union Group (TU TB)</a>. </li>
<li>As per ITC, it was the number two pet food company in Asia and in the top ten pet food companies globally. ITC expertise lies in fish-based wet pet food.</li>
<li>In our previous notes, we have looked at the company’s past performance. In this note, we undertake a peer comparison.</li>
</ul>


I-Tail Corporation, an original equipment manufacturer (OEM) in the wet pet food category, aims to list in Thailand in 4Q22. ITC is a subsidiary of Thai Union Group (TU TB). 
As per ITC, it was the number two pet food company in Asia and in the top ten pet food companies globally. ITC expertise lies in fish-based wet pet food.
In our previous notes, we have looked at the company’s past performance. In this note, we undertake a peer comparison.


I-Tail Corporation Pre-IPO - Peer Comparison

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Asean (Thailand) Focused Independent Research

M Corp Review

M Corp is led by Athaporn Arayasantiparb who served as Head of Research for UOB and ANZ in Thailand and was an award-winning telecoms analyst at UBS in 2010 (AsiaMoney Thailand category) and Regional Strategist for DMG in Singapore. Prior to that, he also served as Kasikornbank credit analyst and scholar. He has a total work experience of 17 years, of which 14 were in research and 4 in research management roles. He started his career as an engineer for PTT and currently manages family investments. He holds an MBA from Stern (NYU) and CFA Charter since 2006. Apart from IPO Radar, which focuses on future listings, MCorp Review also provides six on-going thematic series ranked by frequency in descending order, namely: 1) Silicon Stories (technology) 2) Sathorn Series (financial services) 3) Thai-Coons (billionaire origin stories) 4) Reality Check (data-driven, investigative) 5) Thai Media Spotlight; and 6) Thai Macro Watch (global market drivers).

<p>The <em>Nation</em> TV news program revealed the biggest recent Bitcoin heist in Thailand complete with a Finnish 'King of Bitcoin', actor, stock kingpin, and even politicians in a deal that started from a stash of 5,000 Bitcoins worth Bt800m (US$24m) and a promise to turn it into hundred fold profits in properties and small cap stocks. Couple of people will be affected here given the infancy state of the sector/investment:</p><ul>
<li>potential wrongdoings for those involved in the stock and property transactions, nothing that the ringleader has already fled the country;</li>
<li>Aarni Motawa, the 'King of Bitcoin' from Finland who is married to a Thai girl and is the owner of the coins.</li>
<li>Possibly the way regulators think about crypto-currency in general since they had only recently authorized its ICOs albeit with onerous taxes.</li>
<li>investors and directors of the three companies whose shares got involved in the complex trading scheme.</li>
</ul>

The Nation TV news program revealed the biggest recent Bitcoin heist in Thailand complete with a Finnish 'King of Bitcoin', actor, stock kingpin, and even politicians in a deal that started from a stash of 5,000 Bitcoins worth Bt800m (US$24m) and a promise to turn it into hundred fold profits in properties and small cap stocks. Couple of people will be affected here given the infancy state of the sector/investment:
potential wrongdoings for those involved in the stock and property transactions, nothing that the ringleader has already fled the country;
Aarni Motawa, the 'King of Bitcoin' from Finland who is married to a Thai girl and is the owner of the coins.
Possibly the way regulators think about crypto-currency in general since they had only recently authorized its ICOs albeit with onerous taxes.
investors and directors of the three companies whose shares got involved in the complex trading scheme.


Silicon Stories K: The Thai Bitcoin Heist

Thailand

T Engineering Corporation Public Company Limited offers engineering services. The Company constructs and maintains departmental stores, offices, residential apartments, hospitals, art galleries, and industrial buildings. T Engineering serves customers in Thailand.

Thai Industrial & Engineering (T TB)

I-Tail Corporation Pre-IPO - Peer Comparison

I-Tail Corporation, an OEM in the wet pet food category, aims to list in Thailand in 4Q22. ITC is a subsidiary of Thai Union Group. In this note,...

Sumeet Singh

Silicon Stories K: The Thai Bitcoin Heist

The Nation TV news program revealed the biggest recent Bitcoin heist in Thailand complete with a Finnish 'King of Bitcoin', actor, stock kingpin,...

Athaporn Arayasantiparb, CFA