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 May 16th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in AIA, Sinopec, Bilibili, Jd, HSBC.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of May 16th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in AIA, Sinopec, Bilibili, Jd, HSBC.


HK Short Interest Weekly: AIA, Sinopec, Bilibili, Jd, HSBC

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>Power / In Depth: Chinese tech giants’ struggle to power AI data center boom</li><li>Tariff /: China’s EV-battery makers get only temporary relief from U.S. tariff truce</li><li>Crypto /In Depth: Are Hong Kong’s crypto licenses worth it?</li></ul>

Power / In Depth: Chinese tech giants’ struggle to power AI data center boomTariff /: China’s EV-battery makers get only temporary relief from U.S. tariff truceCrypto /In Depth: Are Hong Kong’s crypto licenses worth it?

CX Daily: Chinese Tech Giants’ Struggle to Power AI Data Center Boom 

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/geely-automobile-holdings-ltd" target="_blank" data-smartkarma-citation="entities:127:1" rel="noopener">Geely Auto (175 HK)</a>, the controlling shareholder, disclosed a cash or scrip non-binding proposal for <a href="https://www.smartkarma.com/entities/zeekr-intelligent-technology-holding" target="_blank" data-smartkarma-citation="entities:36785:1" rel="noopener">ZEEKR (ZK US)</a> at US$25.66 per ADS or 12.3 newly issued Geely shares.</li>
<li>While the offer is 22.2% above the IPO price, it is unattractive compared to historical trading ranges, peer multiples and average sell-side price targets. </li>
<li>The shareholder vote is a formality as Geely and concert parties exceed the two-thirds voting threshold. The key risk is the timing of a binding proposal. </li>
</ul>



Geely Auto (175 HK), the controlling shareholder, disclosed a cash or scrip non-binding proposal for ZEEKR (ZK US) at US$25.66 per ADS or 12.3 newly issued Geely shares.
While the offer is 22.2% above the IPO price, it is unattractive compared to historical trading ranges, peer multiples and average sell-side price targets. 
The shareholder vote is a formality as Geely and concert parties exceed the two-thirds voting threshold. The key risk is the timing of a binding proposal. 


ZEEKR (ZK US): Geely Auto’s Light Non-Binding Offer at US$25.66 Per ADS

Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy Research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>1211 HK/9863 HK: Summary of April 2025 Sales for Major Chinese Automakers(+/+)</li>
<li>1211 HK:The foundation laying ceremony for BYD's passenger vehicle factory in Cambodia has taken place, with an expected official production launch in the fourth quarter of this year (/)</li>
<li>1211 HK: BYD Launches Fourth Vehicle Carrier Ship and Prepares Fifth for Export Expansion.(+)</li>
</ul>


1211 HK/9863 HK: Summary of April 2025 Sales for Major Chinese Automakers(+/+)
1211 HK:The foundation laying ceremony for BYD's passenger vehicle factory in Cambodia has taken place, with an expected official production launch in the fourth quarter of this year (/)
1211 HK: BYD Launches Fourth Vehicle Carrier Ship and Prepares Fifth for Export Expansion.(+)


[Blue Lotus Daily]:1211 HK/9863 HK/XPEV US/LI US/ATAT US/Macro

<ul><li>Law / Cover Story: China writes first legal rulebook to strengthen its vital private sector</li><li>Drugs /In Depth: Popular overseas expansion strategy holds pitfalls for Chinese drug developers</li><li>Jobs /Analysis: How China can cushion jobs blow from Trump’s trade war</li></ul>

Law / Cover Story: China writes first legal rulebook to strengthen its vital private sectorDrugs /In Depth: Popular overseas expansion strategy holds pitfalls for Chinese drug developersJobs /Analysis: How China can cushion jobs blow from Trump’s trade war

CX Daily: China Writes First Legal Rulebook to Strengthen Its Vital Private Sector 

China

Zhejiang Leapmotor Technologies Ltd. operates as an electric vehicles manufacturer. The Company develops and sells electric vehicles and other products. Zhejiang Leapmotor Technologies markets its products throughout China.

Price Gauge
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Zhejiang Leapmotor Technologie (9863 HK)

HK Short Interest Weekly: AIA, Sinopec, Bilibili, Jd, HSBC

We analyzed the latest HK SFC report for aggregate short position as of May 16th and highlight short interest changes in AIA, Sinopec, Bilibili,...

Ke Yan, CFA, FRM

CX Daily: Chinese Tech Giants’ Struggle to Power AI Data Center Boom

Power / In Depth: Chinese tech giants’ struggle to power AI data center boom Tariff /: China’s EV-battery makers get only temporary relief from...

Caixin Global

ZEEKR (ZK US): Geely Auto’s Light Non-Binding Offer at US$25.66 Per ADS

The offer is light. The shareholder vote is a formality as Geely and concert parties exceed the two-thirds voting threshold. The key risk is the...

Arun George

[Blue Lotus Daily]:1211 HK/9863 HK/XPEV US/LI US/ATAT US/Macro

Chinese automakers BYD had a successful April 2025 sales month, with a new factory in Cambodia and plans for export expansion.

Blue Lotus Research Institute

CX Daily: China Writes First Legal Rulebook to Strengthen Its Vital Private Sector

TOP STORIES Law / Cover Story: China writes first legal rulebook to strengthen its vital private sector China is fast-tracking a landmark law to...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HK Short Interest Weekly: AIA, Sinopec, Bilibili, Jd, HSBC

We analyzed the latest HK SFC report for aggregate short position as of May 16th and highlight short interest changes in AIA, Sinopec, Bilibili,...

Ke Yan, CFA, FRM

CX Daily: Chinese Tech Giants’ Struggle to Power AI Data Center Boom

Power / In Depth: Chinese tech giants’ struggle to power AI data center boom Tariff /: China’s EV-battery makers get only temporary relief from...

Caixin Global

ZEEKR (ZK US): Geely Auto’s Light Non-Binding Offer at US$25.66 Per ADS

The offer is light. The shareholder vote is a formality as Geely and concert parties exceed the two-thirds voting threshold. The key risk is the...

Arun George

[Blue Lotus Daily]:1211 HK/9863 HK/XPEV US/LI US/ATAT US/Macro

​Chinese automakers BYD had a successful April 2025 sales month, with a new factory in Cambodia and plans for export expansion.

Blue Lotus Research Institute

CX Daily: China Writes First Legal Rulebook to Strengthen Its Vital Private Sector

TOP STORIES Law / Cover Story: China writes first legal rulebook to strengthen its vital private sector China is fast-tracking a landmark law to...

Caixin Global

Chinese automakers BYD had a successful April 2025 sales month, with a new factory in Cambodia and plans for export expansion.