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 latest HK SFC report for aggregate short position as of Jun 9th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Longfor, Yuexiu Property, Pop Mart.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Jun 9th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Longfor, Yuexiu Property, Pop Mart.


HK Short Interest Weekly: Longfor, Yuexiu Property, Pop Mart

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Mar 10th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Xpeng, Byd Company, Icbc, Sinopec, Meituan, Tencent, Bidu, Baba, Hsbc.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Mar 10th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Xpeng, Byd Company, Icbc, Sinopec, Meituan, Tencent, Bidu, Baba, Hsbc.


HK Short Interest Weekly: Xpeng, Byd Company, Icbc, Sinopec, Meituan, Tencent, Bidu, Baba, Hsbc

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Mar 3rd.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Tencent, Meituan, Hsbc, Bidu, Hkelectric, Goldwind, Zijin Mining.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Mar 3rd.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Tencent, Meituan, Hsbc, Bidu, Hkelectric, Goldwind, Zijin Mining.


HK Short Interest Weekly: Tencent, Meituan, Hsbc, Bidu, Hkelectric, Goldwind, Zijin Mining

Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Forensic Accounting

Techtronic Industries / Forensic Accounting

<ul>
<li>Following Jehoshaphat’s allegations that profits are inflated dramatically over a decade with manipulative accounting, <a href="https://www.smartkarma.com/entities/techtronic-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:4561:1" rel="noopener">Techtronic Industries (669 HK)</a> has issued a rebuttal clarifying that the accusations are without any merit.</li>
<li>TTI's beyond comparison performance is due to world class brands such as Milwaukee, Ryobi and Hoover which have helped top line grow at 13% CAGR over the past 13 years.</li>
<li>Nevertheless, we have assessed some of the company’s clarifications here which seemed too good to be true.</li>
</ul>


Following Jehoshaphat’s allegations that profits are inflated dramatically over a decade with manipulative accounting, Techtronic Industries (669 HK) has issued a rebuttal clarifying that the accusations are without any merit.
TTI's beyond comparison performance is due to world class brands such as Milwaukee, Ryobi and Hoover which have helped top line grow at 13% CAGR over the past 13 years.
Nevertheless, we have assessed some of the company’s clarifications here which seemed too good to be true.


Techtronic’s Rebuttal: Some Clarifications Are Too Good to Be True

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Feb 24th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Greatwall Motor, Yum China, Meitu, Techtronic.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Feb 24th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Greatwall Motor, Yum China, Meitu, Techtronic.


HK Short Interest Weekly: Greatwall Motor, Yum China, Meitu, Techtronic

Hong Kong

Techtronic Industries Company Limited designs, manufactures, and markets power tools, outdoor power equipment, accessories, hand tools, layout and measuring tools, and floorcare and appliances. The Company's products are used by consumers, professional, and industrial users in the home improvement, repair, and construction industries.

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Techtronic Industries (669 HK)

HK Short Interest Weekly: Longfor, Yuexiu Property, Pop Mart

We analyzed the latest HK SFC report for aggregate short position as of Jun 9th and highlight short interest changes in Longfor, Yuexiu Property,...

Ke Yan, CFA, FRM

HK Short Interest Weekly: Xpeng, Byd Company, Icbc, Sinopec, Meituan, Tencent, Bidu, Baba, Hsbc

We analyzed the latest HK SFC report for aggregate short position as of Mar 10th and highlight short interest changes in Xpeng, Byd Company, Icbc,...

Ke Yan, CFA, FRM

HK Short Interest Weekly: Tencent, Meituan, Hsbc, Bidu, Hkelectric, Goldwind, Zijin Mining

We analyzed the latest HK SFC report for aggregate short position as of Mar 3rd and highlight short interest changes in Tencent, Meituan, Hsbc,...

Ke Yan, CFA, FRM

Techtronic’s Rebuttal: Some Clarifications Are Too Good to Be True

Following Jehoshaphat’s allegations, TTI has issued a rebuttal clarifying that the accusations are without any merit. we have assessed some of the...

Shifara Samsudeen, FCMA, CGMA

HK Short Interest Weekly: Greatwall Motor, Yum China, Meitu, Techtronic

We analyzed the latest HK SFC report for aggregate short position as of Feb 24th and highlight short interest changes in Greatwall Motor, Yum...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)