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.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jio-platforms-ltd" target="_blank" data-smartkarma-citation="entities:50269:1" rel="noopener">Jio Platforms </a>is looking to raise up to US$3.2bn in its upcoming India IPO.</li>
<li>Jio Platforms Ltd (JPL) is a technology and digital services platform company promoted by Reliance Industries, built on a proprietary digital technology stack and pan-India connectivity infrastructure.</li>
<li>We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the index impact.</li>
</ul>



Jio Platforms is looking to raise up to US$3.2bn in its upcoming India IPO.
Jio Platforms Ltd (JPL) is a technology and digital services platform company promoted by Reliance Industries, built on a proprietary digital technology stack and pan-India connectivity infrastructure.
We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the index impact.


Aequitas: Jio Platforms IPO - Index Flows - Tiny Float Now, Large Impact Later

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>This insight details about the weekly changes in the holding company discount in India.</li>
<li>We track the reasons for change in the holdco discount if any.</li>
<li>While this note captures 4 holding companies, we intend to add more names in coming weeks.</li>
</ul>


This insight details about the weekly changes in the holding company discount in India.
We track the reasons for change in the holdco discount if any.
While this note captures 4 holding companies, we intend to add more names in coming weeks.


HoldCo Weekly (18 Sep): Where’s the Discount?

<ul>
<li>This insight details why <a href="https://www.smartkarma.com/entities/tata-investment-corporation-limited" target="_blank" data-smartkarma-citation="entities:6308:1" rel="noopener">Tata Investment Corporation (TATAINVE IN)</a> and <a href="https://www.smartkarma.com/entities/kalyani-investment-co-ltd" target="_blank" data-smartkarma-citation="entities:6128:1" rel="noopener">Kalyani Investment (KALY IN)</a> share price has been declining. </li>
<li>We also discuss the latest developments in <a href="https://www.smartkarma.com/entities/tvs-holdings-limited" target="_blank" data-smartkarma-citation="entities:16591:1" rel="noopener">TVS (TVSHLTD IN)</a> .</li>
<li>Finally, we conclude with takeaways from Holdco price movement during the week.</li>
</ul>


This insight details why Tata Investment Corporation (TATAINVE IN) and Kalyani Investment (KALY IN) share price has been declining. 
We also discuss the latest developments in TVS (TVSHLTD IN) .
Finally, we conclude with takeaways from Holdco price movement during the week.


HoldCo Weekly (21 Aug): Where’s the Discount?

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>
<a href="https://www.smartkarma.com/entities/singapore-airlines-ltd" target="_blank" data-smartkarma-citation="entities:74:1" rel="noopener">Singapore Airlines (SIA SP)</a> share price performance for the last 5 years is quite strong, thanks to the COVID rebound. </li>
<li>However, losses are still coming, notably from the continuing loss from Air India as well as the delayed fuel hedging loss as net fuel cost skyrocketed by 78% YoY.</li>
<li>Air India losses come from a crowded market (with low-cost carriers) as well as integration issues. More capital calls are expected, which is a negative for Singapore Airlines. </li>
</ul>



Singapore Airlines (SIA SP) share price performance for the last 5 years is quite strong, thanks to the COVID rebound. 
However, losses are still coming, notably from the continuing loss from Air India as well as the delayed fuel hedging loss as net fuel cost skyrocketed by 78% YoY.
Air India losses come from a crowded market (with low-cost carriers) as well as integration issues. More capital calls are expected, which is a negative for Singapore Airlines. 


<ul>
<li>This insight details about the weekly changes in the holding company discount in India.</li>
<li>We track the reasons for change in the holdco discount if any and upcoming triggers for these companies.</li>
<li>While this note captures 5 holding companies, we intend to add more names in coming weeks.</li>
</ul>


This insight details about the weekly changes in the holding company discount in India.
We track the reasons for change in the holdco discount if any and upcoming triggers for these companies.
While this note captures 5 holding companies, we intend to add more names in coming weeks.


HoldCo Weekly (7 Aug): Where’s the Discount?

India

Tata Investment Corporation Limited invests in land, stocks and debentures. The Company has been granted a mandate allowing it to takeover the management and control of companies.

Tata Investment Corporation (TATAINVE IN)

Price Gauge
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Tata Investment Corporation (TATAINVE IN)

Aequitas: Jio Platforms IPO - Index Flows - Tiny Float Now, Large Impact Later

Jio Platforms is looking to raise up to US$3.2bn in its upcoming India IPO. In this note, we talk about the eventual index impact.

Sumeet Singh

HoldCo Weekly (18 Sep): Where’s the Discount?

This insight details about the weekly changes in the holding company discount in India and where do we see near term triggers.

Sreemant Dudhoria

HoldCo Weekly (21 Aug): Where’s the Discount?

Insight details why Tata Invest Corp and Kalyani Invest share price has been declining; Latesrt developments in TVS Holdings. Conclude with...

Sreemant Dudhoria

SINGAPORE AIRLINES (SIA): Bloody

Singapore Airlines Share Price performance is still quite strong despite a poor investment result from Air India. More capital calls are expected,...

Henry Soediarko

HoldCo Weekly (7 Aug): Where’s the Discount?

Insight on weekly changes in holding company discounts in India, tracking reasons for change and upcoming triggers for 5 companies with plans to...

Sreemant Dudhoria

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Aequitas: Jio Platforms IPO - Index Flows - Tiny Float Now, Large Impact Later

Jio Platforms is looking to raise up to US$3.2bn in its upcoming India IPO. In this note, we talk about the eventual index impact.

Sumeet Singh

HoldCo Weekly (18 Sep): Where’s the Discount?

This insight details about the weekly changes in the holding company discount in India and where do we see near term triggers.

Sreemant Dudhoria

HoldCo Weekly (21 Aug): Where’s the Discount?

Insight details why Tata Invest Corp and Kalyani Invest share price has been declining; Latesrt developments in TVS Holdings. Conclude with...

Sreemant Dudhoria

SINGAPORE AIRLINES (SIA): Bloody

Singapore Airlines Share Price performance is still quite strong despite a poor investment result from Air India. More capital calls are expected,...

Henry Soediarko

HoldCo Weekly (7 Aug): Where’s the Discount?

​Insight on weekly changes in holding company discounts in India, tracking reasons for change and upcoming triggers for 5 companies with plans to...

Sreemant Dudhoria

Insight on weekly changes in holding company discounts in India, tracking reasons for change and upcoming triggers for 5 companies with plans to...