Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul>
<li>Ethics /In Depth: How China is sharpening ethics rules for scientific research</li>
<li>SCO /: Iran becomes full member of Shanghai Cooperation Organization</li>
<li>PMI /: China’s services sector recovery downshifts, Caixin PMI shows</li>
</ul>


Ethics /In Depth: How China is sharpening ethics rules for scientific research
SCO /: Iran becomes full member of Shanghai Cooperation Organization
PMI /: China’s services sector recovery downshifts, Caixin PMI shows


CX Daily: How China Is Sharpening Ethics Rules for Scientific Research

Global Healthcare Analyst

Tina Banerjee

Equity Capital Markets

<ul>
<li>Momenta Global launched Hongkong IPO aiming to raise up to HK$5.9B (~ US$ 752M). Momenta develop and commercialize driving automation technologies to improve safety and efficiency in mobility and logistics.  </li>
<li>Momenta Global intends to use the IPO proceeds to enhance R&amp;D capabilities, accelerate commercialization, product innovation, strengthen OEM partnerships and working capital etc.</li>
<li>Continued R&amp;D efforts alongside more deployment in vehicles augur well for future growth plans. Valuation might seem stretched but immense room for scalable growth very much still left.  </li>
</ul>


Momenta Global launched Hongkong IPO aiming to raise up to HK$5.9B (~ US$ 752M). Momenta develop and commercialize driving automation technologies to improve safety and efficiency in mobility and logistics.  
Momenta Global intends to use the IPO proceeds to enhance R&amp;D capabilities, accelerate commercialization, product innovation, strengthen OEM partnerships and working capital etc.
Continued R&amp;D efforts alongside more deployment in vehicles augur well for future growth plans. Valuation might seem stretched but immense room for scalable growth very much still left.  


Momenta Global IPO: Growth On Auto Pilot Mode

HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

UISEE Technologies (Beijing) / Equity Capital Markets

<ul>
<li>UISEE's competitive strategy is "achieving excellence in specific market segments" . It does not aim for full-scale coverage across all open-road scenarios, but instead builds deep moat in closed scenarios.</li>
<li>The advantage of UISEE's strategy lies in a clear commercialization path and lower regulatory risks.The disadvantage is that market size has a limited ceiling and UISEE faces challenges from giants.</li>
<li>The RMB7.3bn Pre-IPO valuation is due to optimistic expectations on UISEE. However, the secondary market focuses more on profit model rather than just technical story.Future valuation could be under pressure.</li>
</ul>


UISEE's competitive strategy is "achieving excellence in specific market segments" . It does not aim for full-scale coverage across all open-road scenarios, but instead builds deep moat in closed scenarios.
The advantage of UISEE's strategy lies in a clear commercialization path and lower regulatory risks.The disadvantage is that market size has a limited ceiling and UISEE faces challenges from giants.
The RMB7.3bn Pre-IPO valuation is due to optimistic expectations on UISEE. However, the secondary market focuses more on profit model rather than just technical story.Future valuation could be under pressure.


Pre-IPO UISEE Technologies (PHIP Updates) - The Business, the Concerns and the Outlook

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.

AVATR Technology / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/avatr-technology" target="_blank" data-smartkarma-citation="entities:46089:1" rel="noopener">AVATR Technology</a> is looking to raise about US$1bn in its upcoming Hong Kong IPO.</li>
<li>AVATR Technology is a New Energy Passenger Vehicle (NEPV) brand focused on delivering a “new-luxury emotionally intelligent mobility experience” that combines aesthetic design, advanced intelligent features and strong product performance.</li>
<li>In this note, we talk about the not-so-positive aspects of the deal.</li>
</ul>



AVATR Technology is looking to raise about US$1bn in its upcoming Hong Kong IPO.
AVATR Technology is a New Energy Passenger Vehicle (NEPV) brand focused on delivering a “new-luxury emotionally intelligent mobility experience” that combines aesthetic design, advanced intelligent features and strong product performance.
In this note, we talk about the not-so-positive aspects of the deal.


Aequitas: AVATR Global Pre-IPO - The Negatives - More of a Subsidiary

<ul>
<li>
<a href="https://www.smartkarma.com/entities/avatr-technology" target="_blank" data-smartkarma-citation="entities:46089:1" rel="noopener">AVATR Technology</a>  is looking to raise about US$1bn in its upcoming Hong Kong IPO.</li>
<li>AVATR Technology is a New Energy Passenger Vehicle (NEPV) brand focused on delivering a “new-luxury emotionally intelligent mobility experience” that combines aesthetic design, advanced intelligent features and strong product performance.</li>
<li>In this note, we talk about the positive aspects of the deal.</li>
</ul>



AVATR Technology  is looking to raise about US$1bn in its upcoming Hong Kong IPO.
AVATR Technology is a New Energy Passenger Vehicle (NEPV) brand focused on delivering a “new-luxury emotionally intelligent mobility experience” that combines aesthetic design, advanced intelligent features and strong product performance.
In this note, we talk about the positive aspects of the deal.


Aequitas: AVATR Global Pre-IPO - The Positives - Rapid Sales Ramp Up,

China

WeRide Inc. operates as a holding company. The Company, through its subsidiaries, provides autonomous driving technology solutions designs to cater to a broad spectrum of scenarios from urban environments to highways. WeRide serves customers worldwide.

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WeRide (WRD US)

CX Daily: How China Is Sharpening Ethics Rules for Scientific Research

Ethics /In Depth: How China is sharpening ethics rules for scientific research SCO /: Iran becomes full member of Shanghai Cooperation...

Caixin Global

Momenta Global IPO: Growth On Auto Pilot Mode

Momenta launches Hong Kong IPO to raise up to HK$5.9B aiming to enhance R&D, accelerate commercialization. Will slowly scale up and has enough...

Tina Banerjee

Pre-IPO UISEE Technologies (PHIP Updates) - The Business, the Concerns and the Outlook

UISEE's competitive strategy focuses on excellence in closed scenarios, with advantage in a clear commercialization path, but face challenges from...

Xinyao (Criss) Wang

Aequitas: AVATR Global Pre-IPO - The Negatives - More of a Subsidiary

AVATR Technology is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we talk about the not-so-positive aspects of the deal.

Sumeet Singh

Aequitas: AVATR Global Pre-IPO - The Positives - Rapid Sales Ramp Up,

AVATR Technology is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we talk about the positive aspects of the deal.

Sumeet Singh

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52-week Range

Market Cap (USDm)

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CX Daily: How China Is Sharpening Ethics Rules for Scientific Research

Ethics /In Depth: How China is sharpening ethics rules for scientific research SCO /: Iran becomes full member of Shanghai Cooperation...

Caixin Global

Momenta Global IPO: Growth On Auto Pilot Mode

​Momenta launches Hong Kong IPO to raise up to HK$5.9B aiming to enhance R&D, accelerate commercialization. Will slowly scale up and has enough...

Tina Banerjee

Pre-IPO UISEE Technologies (PHIP Updates) - The Business, the Concerns and the Outlook

​UISEE's competitive strategy focuses on excellence in closed scenarios, with advantage in a clear commercialization path, but face challenges from...

Xinyao (Criss) Wang

Aequitas: AVATR Global Pre-IPO - The Negatives - More of a Subsidiary

AVATR Technology is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we talk about the not-so-positive aspects of the deal.

Sumeet Singh

Aequitas: AVATR Global Pre-IPO - The Positives - Rapid Sales Ramp Up,

AVATR Technology is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we talk about the positive aspects of the deal.

Sumeet Singh

Momenta launches Hong Kong IPO to raise up to HK$5.9B aiming to enhance R&D, accelerate commercialization. Will slowly scale up and has enough...

UISEE's competitive strategy focuses on excellence in closed scenarios, with advantage in a clear commercialization path, but face challenges from...