Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Quantitative Analysis

<ul>
<li>In this insight we analyze 3 major automotive companies stocks in Japan US and China/Hong Kong: <a href="https://www.smartkarma.com/entities/toyota-motor-corp" target="_blank" data-smartkarma-citation="entities:73:1" rel="noopener">Toyota Motor (7203 JP)</a> , <a href="https://www.smartkarma.com/entities/tesla-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla (TSLA US)</a> and <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> .</li>
<li>All the 3 stocks have been uptrending for the past 3-4 years, with TESLA being the most volatile, followed by BYD, and then Toyota (most stable).</li>
<li>This insight is designed to evaluate how these stocks could perform in the next few weeks, to help allocation or covering/selling.</li>
</ul>


In this insight we analyze 3 major automotive companies stocks in Japan US and China/Hong Kong: Toyota Motor (7203 JP) , Tesla (TSLA US) and BYD (1211 HK) .
All the 3 stocks have been uptrending for the past 3-4 years, with TESLA being the most volatile, followed by BYD, and then Toyota (most stable).
This insight is designed to evaluate how these stocks could perform in the next few weeks, to help allocation or covering/selling.


Toyota (7203 JP) Vs. TESLA (TSLA US) Vs. BYD (1211 HK): What to BUY, What to SELL

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

Murata Manufacturing / Equity Capital Markets

<ul>
<li>A group of shareholders aim to raise around US$900m via selling around 3% of <a href="https://www.smartkarma.com/entities/murata-manufacturing-co-ltd" target="_blank" data-smartkarma-citation="entities:11649:1" rel="noopener">Murata Manufacturing (6981 JP)</a>, in another cross-shareholding selldown.</li>
<li>The company’s shares haven’t done much over the past few years and recent share price performance as well hasn’t been the best</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>


A group of shareholders aim to raise around US$900m via selling around 3% of Murata Manufacturing (6981 JP), in another cross-shareholding selldown.
The company’s shares haven’t done much over the past few years and recent share price performance as well hasn’t been the best
In this note, we will talk about the placement and run the deal through our ECM framework.


Murata Manufacturing Placement - Recent Momentum Isn’t Particularly Strong

Taiwan Tech Focused Senior Analyst

Patrick Liao

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>There is a great opportunity for someone joining an advanced semiconductor manufacturing camp because there could be fewer players in the field.  </li>
<li>For a long time, TSMC production staff have won better bonuses in the company, meaning they might be able to overcome the difficulties in production.  </li>
<li>Rapidus might need another 5 years or more to become profitable if everything runs smoothly for 2nm technology. </li>
</ul>


There is a great opportunity for someone joining an advanced semiconductor manufacturing camp because there could be fewer players in the field.  
For a long time, TSMC production staff have won better bonuses in the company, meaning they might be able to overcome the difficulties in production.  
Rapidus might need another 5 years or more to become profitable if everything runs smoothly for 2nm technology. 


TSMC (2330.TT; TSM.US): Will Rapidus Threaten TSMC's 2nm Market? We Think It's Too Early to Say.

Kioxia Holdings  / Equity Capital Markets

<ul>
<li>In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, with a look at Japan &amp; Korea after having looked at HK &amp; India.</li>
<li>This list has been compiled on a best effort basis from tracking the company filings and through various other sources.</li>
<li>The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.</li>
</ul>


In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, with a look at Japan &amp; Korea after having looked at HK &amp; India.
This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.


Aequitas 2025 Asia IPO Pipeline - Japan and South Korea

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul><li>EV price cuts in Europe impact used car market, while US industry faces tariffs</li><li>Kyocera to sell $1.27 billion in non-core business due to declining profits</li><li>Toyota and Nvidia collaborate at CES 2025 for AI alliance towards autonomous future</li></ul>

EV price cuts in Europe impact used car market, while US industry faces tariffsKyocera to sell $1.27 billion in non-core business due to declining profitsToyota and Nvidia collaborate at CES 2025 for AI alliance towards autonomous future

Tech Supply Chain Tracker (09-Jan-2025): 2025 used car markets: EU EV prices drop, US tariffs rise.

Japan

Toyota Motor Corporation manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide. The Company also operates financing services through their subsidiaries. Toyota Motor builds homes, produces pleasure boats, and develops intelligent transportation systems including radar cruise control and electronic toll collection systems.

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Toyota Motor (7203 JP)

Toyota (7203 JP) Vs. TESLA (TSLA US) Vs. BYD (1211 HK): What to BUY, What to SELL

This quantitative comparative analysis of global automotive leaders Toyota, Tesla, and BYD shows which of these stocks are currently overbought...

Nico Rosti

Murata Manufacturing Placement - Recent Momentum Isn’t Particularly Strong

A group of shareholders aim to raise around US$900m via selling around 3% of Murata Manufacturing (6981 JP), in another cross-shareholding selldown.

Sumeet Singh

TSMC (2330.TT; TSM.US): Will Rapidus Threaten TSMC's 2nm Market? We Think It's Too Early to Say.

Joining an advanced semi manufacturing camp could be a lucrative opportunity with fewer competitors, as Rapidus works on licensing IBM's 2nm GAA...

Patrick Liao

Aequitas 2025 Asia IPO Pipeline - Japan and South Korea

In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, with a look at Japan & Korea after having looked at HK & India.

Sumeet Singh

Tech Supply Chain Tracker (09-Jan-2025): 2025 used car markets: EU EV prices drop, US tariffs rise.

Europe sees impact from EV price cuts, US faces tariffs; Kyocera sells off non-essential business, Toyota and Nvidia partner for autonomous future,...

Tech Supply Chain Tracker

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Toyota (7203 JP) Vs. TESLA (TSLA US) Vs. BYD (1211 HK): What to BUY, What to SELL

This quantitative comparative analysis of global automotive leaders Toyota, Tesla, and BYD shows which of these stocks are currently overbought...

Nico Rosti

Murata Manufacturing Placement - Recent Momentum Isn’t Particularly Strong

A group of shareholders aim to raise around US$900m via selling around 3% of Murata Manufacturing (6981 JP), in another cross-shareholding selldown.

Sumeet Singh

TSMC (2330.TT; TSM.US): Will Rapidus Threaten TSMC's 2nm Market? We Think It's Too Early to Say.

​Joining an advanced semi manufacturing camp could be a lucrative opportunity with fewer competitors, as Rapidus works on licensing IBM's 2nm GAA...

Patrick Liao

Aequitas 2025 Asia IPO Pipeline - Japan and South Korea

In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, with a look at Japan & Korea after having looked at HK & India.

Sumeet Singh

Tech Supply Chain Tracker (09-Jan-2025): 2025 used car markets: EU EV prices drop, US tariffs rise.

Europe sees impact from EV price cuts, US faces tariffs; Kyocera sells off non-essential business, Toyota and Nvidia partner for autonomous future,...

Tech Supply Chain Tracker

Joining an advanced semi manufacturing camp could be a lucrative opportunity with fewer competitors, as Rapidus works on licensing IBM's 2nm GAA...