Information Technology Consultant

Ishita Jain

Thematic (Sector/Industry)

<p>On Feb 13th, 2016, "Make in India" week was flagged off in Mumbai. 5000 delegates from 190 companies based in 60 countries participated in the event and it was nothing short of a carnival celebrating the prospects of a brighter future for India’s manufacturing industry. This was the first of many events planned for Narendra Modi's flagship Make in India campaign launched in 2014. The initiative hopes to attract capital and technological investment to India and make it the top destination globally for foreign direct investment. </p><p>Make in India is an exciting venture. In the following insight, I have given an overview of the initiative and stated some of the good things and some of the gaps around it. I am going to present more analysis as I discover more in the coming few days. Look out for the forks!</p>

On Feb 13th, 2016, "Make in India" week was flagged off in Mumbai. 5000 delegates from 190 companies based in 60 countries participated in the event and it was nothing short of a carnival celebrating the prospects of a brighter future for India’s manufacturing industry. This was the first of many events planned for Narendra Modi's flagship Make in India campaign launched in 2014. The initiative hopes to attract capital and technological investment to India and make it the top destination globally for foreign direct investment. Make in India is an exciting venture. In the following insight, I have given an overview of the initiative and stated some of the good things and some of the gaps around it. I am going to present more analysis as I discover more in the coming few days. Look out for the forks!

APAC IPOs & Placements, Aequitas Research

Akshat Shah

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

Central Mine Planning Design Institute Ltd (CMPDIL) / Equity Capital Markets

Central Mine Planning Design Institute Ltd (CMPDIL) (0180301D IN)

Central Mine Planning Design Institute Ltd (CMPDIL)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/central-mine-planning-design-institute-ltd-cmpdil" target="_blank" data-smartkarma-citation="entities:45267:1" rel="noopener">Central Mine Planning Design Institute Ltd (CMPDIL) (0180301D IN)</a> raised around US$200m in its all-secondary India IPO.</li>
<li>CMPDI is a Coal India subsidiary, providing consultancy and support services across the full range of coal and mineral exploration, mine planning and design, covering the entire mining operations lifecycle.</li>
<li>We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.</li>
</ul>



Central Mine Planning Design Institute Ltd (CMPDIL) (0180301D IN) raised around US$200m in its all-secondary India IPO.
CMPDI is a Coal India subsidiary, providing consultancy and support services across the full range of coal and mineral exploration, mine planning and design, covering the entire mining operations lifecycle.
We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.


Aequitas: CMPDI IPO Trading - Muted Demand Trend Continues

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Adani Energy Solutions, West China Cement, Vedanta Resources</li>
<li>The UST curve twisted steeper on Friday. The yield on the 2Y UST fell 3 bps to 3.72%, undoing part of the yield jump on Thursday. That said, long-end yields climbed marginally, as oil prices held above USD 100/bbl.</li>
<li>Meanwhile, macro releases on Friday showed that GDP growth slowed in Q4/25, while January consumption barely ticked higher and PCE inflation remained elevated. The yield on the 10Y UST rose 1 bp to 4.28%, while the yield on the 30Y UST climbed 2 bps to 4.90%.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Adani Energy Solutions, West China Cement, Vedanta Resources
The UST curve twisted steeper on Friday. The yield on the 2Y UST fell 3 bps to 3.72%, undoing part of the yield jump on Thursday. That said, long-end yields climbed marginally, as oil prices held above USD 100/bbl.
Meanwhile, macro releases on Friday showed that GDP growth slowed in Q4/25, while January consumption barely ticked higher and PCE inflation remained elevated. The yield on the 10Y UST rose 1 bp to 4.28%, while the yield on the 30Y UST climbed 2 bps to 4.90%.


<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Sands China, First Pacific, Sunny Optical, Nissan Motor, New World Development, Vedanta Resources</li>
<li>Treasury yields were stable, with front-end yields declining marginally amid risk aversion in the equities market. Yields on the 2Y and 10Y USTs fell 1 bp each to 3.56% and 4.23%, respectively. Tech stocks retreated yesterday. Microsoft Corp’s share price fell 10%, after the company reported slightly weaker Cloud growth, and amid concerns over its AI spending and concentration risk to OpenAI.</li>
<li>The S&amp;P 500 edged down 0.1% to 6,969, while the Nasdaq slumped 0.7% to 23,685.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Sands China, First Pacific, Sunny Optical, Nissan Motor, New World Development, Vedanta Resources
Treasury yields were stable, with front-end yields declining marginally amid risk aversion in the equities market. Yields on the 2Y and 10Y USTs fell 1 bp each to 3.56% and 4.23%, respectively. Tech stocks retreated yesterday. Microsoft Corp’s share price fell 10%, after the company reported slightly weaker Cloud growth, and amid concerns over its AI spending and concentration risk to OpenAI.
The S&amp;P 500 edged down 0.1% to 6,969, while the Nasdaq slumped 0.7% to 23,685.


<ul>
<li>US markets were closed for Martin Luther King Jr Day yesterday.</li>
<li>China’s Q4/25 GDP eased to 4.5% y-o-y (vs. 4.8% in Q3). Still, full-year GDP expanded 5.0% for the second straight year, meeting the government’s “around 5%” growth target.</li>
<li>China’s December macro releases were mixed, with strong industrial production offset by weaker retail sales and falling investment.</li>
</ul>


US markets were closed for Martin Luther King Jr Day yesterday.
China’s Q4/25 GDP eased to 4.5% y-o-y (vs. 4.8% in Q3). Still, full-year GDP expanded 5.0% for the second straight year, meeting the government’s “around 5%” growth target.
China’s December macro releases were mixed, with strong industrial production offset by weaker retail sales and falling investment.


United Kingdom

Vedanta Resources is a diversified natural resources conglomerate specializing in metals and mining. The company's primary products include zinc, lead, silver, oil and gas, iron ore, steel, aluminium, and power. Headquartered in London, United Kingdom, Vedanta Resources was founded in 1976.

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Vedanta Resources (VED LN)

Make in India – A Leap of Faith

On Feb 13th, 2016, "Make in India" week was flagged off in Mumbai. 5000 delegates from 190 companies based in 60 countries participated in the...

Ishita Jain

Aequitas: CMPDI IPO Trading - Muted Demand Trend Continues

Central Mine Planning Design Institute Ltd (CMPDI) raised around US$200m in its all-secondary India IPO. In this note, we talk about the demand and...

Akshat Shah

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Adani Energy Solutions, West China Cement,...

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Sands China, First Pacific, Sunny Optical,...

Lucror Analytics

Lucror Analytics - Morning Views Asia

China’s Q4/25 GDP eased to 4.5% y-o-y (vs. 4.8% in Q3). Still, full-year GDP expanded 5.0% for the second straight year, meeting the government’s...

Lucror Analytics

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