APAC IPOs & Placements, Aequitas Research

Ethan Aw

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cirrus-aircraft" target="_blank" data-smartkarma-citation="entities:39858:1" rel="noopener">Cirrus Aircraft (0153126D US)</a> is looking to raise up to US$200m in its upcoming HK IPO.</li>
<li>Cirrus Aircraft designs, develops, manufactures, and sells premium aircrafts. Its two aircraft product lines, the SR2X Series and the Vision Jet, are currently certified and validated in over 60 countries.</li>
<li>We had covered the company’s performance in our earlier notes. In this note, we talk about its PHIP updates.</li>
</ul>



Cirrus Aircraft (0153126D US) is looking to raise up to US$200m in its upcoming HK IPO.
Cirrus Aircraft designs, develops, manufactures, and sells premium aircrafts. Its two aircraft product lines, the SR2X Series and the Vision Jet, are currently certified and validated in over 60 countries.
We had covered the company’s performance in our earlier notes. In this note, we talk about its PHIP updates.


Cirrus Aircraft Pre-IPO - PHIP Updates - Increased Customer Demand Continues to Drive Growth

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Textron delivered a decent result in the last quarter with revenues of $3.6 billion which surpassed Wall Street expectations.</li><li>The company faced a strong demand, a strong pricing net of inflation, and a higher aftermarket volume in this quarter.</li><li>It was a quarter of strong customer demand and solid cash flow.</li></ul>

Textron delivered a decent result in the last quarter with revenues of $3.6 billion which surpassed Wall Street expectations.The company faced a strong demand, a strong pricing net of inflation, and a higher aftermarket volume in this quarter.It was a quarter of strong customer demand and solid cash flow.

<ul><li>Textron has its results just around the corner and there is a good chance that the company may deliver an all-around beat.</li><li>It had a solid previous quarter with strong execution and higher revenues that resulted in segment profit margin.</li><li>On the innovation front, Textron delivered the foremost Cessna SkyCourier to its launch customer FedEx and the foremost XLS Gen2 aircraft.</li></ul>

Textron has its results just around the corner and there is a good chance that the company may deliver an all-around beat.It had a solid previous quarter with strong execution and higher revenues that resulted in segment profit margin.On the innovation front, Textron delivered the foremost Cessna SkyCourier to its launch customer FedEx and the foremost XLS Gen2 aircraft.

Textron Inc: New Product Launches & Other Developments

Credit

<ul><li>Textron is a large-scale aerospace and defense provider that is well known for its vast portfolio of brands such as Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat, and others.<li></li>The company has managed to perform well since the start of 2022 and its aviation business is a key driver of margin growth.<li></li>The company also observed a strong quarter of new orders, which helped to fuel commercial demand across all of its product aircraft models and end markets.</li></ul>

Textron is a large-scale aerospace and defense provider that is well known for its vast portfolio of brands such as Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat, and others.The company has managed to perform well since the start of 2022 and its aviation business is a key driver of margin growth.The company also observed a strong quarter of new orders, which helped to fuel commercial demand across all of its product aircraft models and end markets.

Textron Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on aerospace and defense major, Textron, that is renowned for its wide portfolio of brands such as Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat, and others.</li><li>The company managed to deliver an all-around beat in its recent result as its aviation business is performing well.</li><li>The company also observed a strong quarter of new orders, which helped to fuel commercial demand across all of its product aircraft models and end markets.</li></ul>

This is our first report on aerospace and defense major, Textron, that is renowned for its wide portfolio of brands such as Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat, and others.The company managed to deliver an all-around beat in its recent result as its aviation business is performing well.The company also observed a strong quarter of new orders, which helped to fuel commercial demand across all of its product aircraft models and end markets.

Textron Inc.: Initiation of Coverage – The Pipistrel Acquisition & Other Key Drivers

United States

Textron Inc. is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance.  The Company's products include airplanes, helicopters, weapons, and automotive products. Textron's finance division offers asset based lending, aviation, distribution, golf, and resort finance, as well as structured capital.

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Textron Inc (TXT US)

Cirrus Aircraft Pre-IPO - PHIP Updates - Increased Customer Demand Continues to Drive Growth

Cirrus Aircraft (0153126D US) is looking to raise up to US$200m in its upcoming HK IPO. We had covered the company’s performance in our earlier...

Ethan Aw

Textron Inc: Major Drivers

Textron delivered a decent result in the last quarter with revenues of $3.6 billion which surpassed Wall Street expectations. The company faced a...

Baptista Research

Textron Inc: New Product Launches & Other Developments

Textron has its results just around the corner and there is a good chance that the company may deliver an all-around beat. It had a solid previous...

Baptista Research

Textron Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

Textron is a large-scale aerospace and defense provider that is well known for its vast portfolio of brands such as Bell, Cessna, Beechcraft,...

Baptista Research

Textron Inc.: Initiation of Coverage – The Pipistrel Acquisition & Other Key Drivers

This is our first report on aerospace and defense major, Textron, that is renowned for its wide portfolio of brands such as Bell, Cessna,...

Baptista Research

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