All Posts By

Smartkarma Daily Briefs

Daily Brief Quantitative Analysis: TWSE Foreign Holding Weekly (May 17th): TSMC and more

By | Daily Briefs, Quantitative Analysis

In today’s briefing:

  • TWSE Foreign Holding Weekly (May 17th): TSMC, Yang Ming Marine, Quanta Computer, Mediatek
  • KRX Foreign Holding Weekly (May 17th): Sk Hynix, Samsung Electronics
  • TWSE Short Interest Weekly (May 17th): Hon Hai, Wiwynn, Quanta Computer, Asia Vital, Unimicron Tech


TWSE Foreign Holding Weekly (May 17th): TSMC, Yang Ming Marine, Quanta Computer, Mediatek

By Ke Yan, CFA, FRM

  • We analyzed the changes in foreign holdings of TWSE Stocks as of May 17th which has an aggregated holding worth USD4,271.1bn.
  • We estimate that foreign flows to be inflows of USD16,618mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
  • We highlight foreign changes in TSMC, Yang Ming Marine, Quanta Computer, Mediatek, Evergreen Marine, Inventec, Alchip Tech, Wistron, Delta Elec, Ctbc Financial.

KRX Foreign Holding Weekly (May 17th): Sk Hynix, Samsung Electronics

By Ke Yan, CFA, FRM

  • We analyzed the changes in foreign holdings of KRX Stocks as of May 17th which has an aggregated holding worth USD545.3bn.
  • We estimate that foreign flows to be inflows of USD720mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
  • We highlight foreign changes in Sk Hynix (000660 KS),  Samsung Electronics (005930 KS).

TWSE Short Interest Weekly (May 17th): Hon Hai, Wiwynn, Quanta Computer, Asia Vital, Unimicron Tech

By Ke Yan, CFA, FRM

  • We analyzed the changes in short interest of TWSE Stocks as of May 17th which has an aggregated short interest worth USD98.9bn.
  • We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases & decreases in short value, short as multiple of ADT.
  • We highlight short interest changes in Hon Hai, Wiwynn, Quanta Computer, Asia Vital, Unimicron Tech, Shihlin Elec&Eng, Ap Memory Tech, Yang Ming Marine, China Airlines.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief ESG: A Market with Small Value Stocks and Investment Opportunities Due to Delisting and more

By | Daily Briefs, ESG

In today’s briefing:

  • A Market with Small Value Stocks and Investment Opportunities Due to Delisting, Although Taking Time


A Market with Small Value Stocks and Investment Opportunities Due to Delisting, Although Taking Time

By Aki Matsumoto

  • Excluding the special factor of companies applying transitional measures moving to standard, the pace of natural decrease of prime market listed companies is moderate.
  • Companies with high foreign shareholdings and large market capitalization are already highly valued. Companies that are not have investment opportunities that are often at a discount due to liquidity.
  • Nearly half of the companies are companies with large shareholders holding more than 20% equity; investment opportunities are expected to increase as companies go private through TOBs and MBOs.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief Thematic (Sector/Industry): Japan Weekly | Dow Jones Hits 40 and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Japan Weekly | Dow Jones Hits 40,000 Amidst Rate Cut Expectations
  • China Railway Stocks Back on Track
  • GEMWeekly (17 May 2024): China, India, Malaysia Macro; NetEase, Kakao, Prosus, Naspers


Japan Weekly | Dow Jones Hits 40,000 Amidst Rate Cut Expectations

By Mark Chadwick

  • Friday marked a historic milestone as the Dow soared past the 40,000 mark for the first time, buoyed by promising data that supported expectations of Fed interest rate cuts
  • Nvidia’s financial results announcement on the 22nd is the key event to watch in the coming week
  • Shares in Isetan Mitsukoshi rose by over 20% after reporting FY23 operating profit up 83.6% to ¥54.3bn, driven by strong department store sales and cost reforms.

China Railway Stocks Back on Track

By David Mudd

  • China has unveiled measures to emphasize a major push for passenger and freight movement by railroad
  • Rolling stock companies  play catch-up from the COVID under-investment years
  • High speed freight trains on near term horizon to compete with highway for e-commerce business

GEMWeekly (17 May 2024): China, India, Malaysia Macro; NetEase, Kakao, Prosus, Naspers

By Wium Malan, CFA

  • The Global Emerging Markets Weekly summarizes the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
  • Macro data points: Chinese loan growth, inflation, and economic activity data. Indian inflation. Malaysian GDP growth.
  • Companies mentioned:NetEase (9999 HK), Kakao Corp (035720 KS), Prosus NV (PRX NA), Naspers (NPN SJ)

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief ECM: Lalatech Holdings: FCF Growth Accelerated and more

By | Daily Briefs, ECM

In today’s briefing:

  • Lalatech Holdings: FCF Growth Accelerated, Margins Improved, Fair Value May Be North of $10B
  • Giant Biogene (2367.HK) Placement – A Turning Point in Performance Growth Has Emerged
  • ECM Weekly (20th May 2024) -Lalatech, Go Digit, Aadhar, TBO Tek, Ecopro, Nexus, Modec, Hyundai Heavy


Lalatech Holdings: FCF Growth Accelerated, Margins Improved, Fair Value May Be North of $10B

By Andrei Zakharov

  • Lalatech Holdings, a technology based global logistics company, has updated its application for Hong Kong IPO and disclosed financial results for 2023.
  • Lalatech Holdings is aiming to raise up to $1B and the company’s IPO looks imminent in the coming months as cash flow growth accelerated, while margins and profitability improved. 
  • My fair valuation of Lalatech Holdings is close to $10B and investors should buy into upcoming IPO given the company’s substantial scale, massive network effects and operating efficiency.

Giant Biogene (2367.HK) Placement – A Turning Point in Performance Growth Has Emerged

By Xinyao (Criss) Wang

  • Despite high growth in 2023, the accelerated growth of Giant Biogene has entered a turning point, and its performance has begun to slow down. Long-term growth momentum is highly uncertain. 
  • Giant Biogene plans to prioritize the market entry of Class III medical device products.Due to increasing competition/challenges in marketing/promotion, it takes time to verify if the second growth curve works. 
  • Reasonable valuation for Giant Biogene is P/E of 20-30x.If based on RMB1.8 billion 2024, market value is RMB36-54 billion. Short-term catalyst is the Online 618 Shopping Festival and 24H1 report.  

ECM Weekly (20th May 2024) -Lalatech, Go Digit, Aadhar, TBO Tek, Ecopro, Nexus, Modec, Hyundai Heavy

By Sumeet Singh

  • Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
  • On the IPO front, Indian IPOs continued to do well, we also looked at two upcoming deals in Hong Kong.
  • On the placement front, last week ended up being one of the busiest ones so far this year with five deals live just on Thursday night alone. 

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief Credit: Morning Views Asia: Hopson Development and more

By | Credit, Daily Briefs

In today’s briefing:

  • Morning Views Asia: Hopson Development, Vedanta Resources


Morning Views Asia: Hopson Development, Vedanta Resources

By Leonard Law, CFA

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief Event-Driven: FSS Head’s Aggressive Remarks for Value-Up at NY Event and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • FSS Head’s Aggressive Remarks for Value-Up at NY Event, Incl. Short Selling Resumption Late June
  • HK Connect SOUTHBOUND Flows (To 17 May 2024); Banks, Banks, Banks, Tencent, and Big SOEs
  • Merger Arb Mondays (20 May) – L’Occitane, China TCM, SciClone, Malaysia Airports, I’rom, Hollysys
  • Hang Seng Index (HSI) Rebalance: BYD Electronics Added; Country Garden Services Deleted
  • HSCEI Index Rebalance: Zijin Mining In; Xinyi Solar Out; SenseTime Survives (For Now)
  • HSTECH Index Rebalance: Float & Capping Changes Result in 8% Turnover & US$2.5bn Round-Trip Trade
  • A/H Premium Tracker (To 17 May 2024):  Hs Rally Huge Vs As, Again. Avg A/H Premium Lowest in 4yrs
  • Weekly Deals Digest (19 May) – ESR Group, L’Occitane, CPMC, Malaysia Airports, I’Rom, Modec
  • EQD / NSE Volatility Update / 13-May-24 to 17-May-24
  • Mainland Connect NORTHBOUND Flows (To 17 May 2024):


FSS Head’s Aggressive Remarks for Value-Up at NY Event, Incl. Short Selling Resumption Late June

By Sanghyun Park

  • Lee Bok-hyun hopes for short selling to resume by late June. Given his influence on the Value-up policy, it’s likely to happen.
  • Lee expects key tax incentives for the value-up program to be included in the July tax reform bill, showing a market-friendly stance.
  • Yesterday’s New York event had a very positive atmosphere with more attendees than expected, showing genuine investor interest, likely ensuring sustained interest in Korea’s Value-up program.

HK Connect SOUTHBOUND Flows (To 17 May 2024); Banks, Banks, Banks, Tencent, and Big SOEs

By Travis Lundy

  • SOUTHBOUND was again a net buyer for HK$18.6bn on strong two-way volumes. The top three net buys of the week were SOE banks. Some may be Central Huijin.
  • Some of this may be driven by the dividend w/h tax cancellation on H divs and by significant H-share discounts, but high-div CNOOC was the biggest net sell. 
  • No end to the inflows, and HK valuations are not at a place where they would hamper continued flows. Alibaba making HK a Primary will spur more inflows over time.


Hang Seng Index (HSI) Rebalance: BYD Electronics Added; Country Garden Services Deleted

By Brian Freitas


HSCEI Index Rebalance: Zijin Mining In; Xinyi Solar Out; SenseTime Survives (For Now)

By Brian Freitas


HSTECH Index Rebalance: Float & Capping Changes Result in 8% Turnover & US$2.5bn Round-Trip Trade

By Brian Freitas

  • As expected, there are no constituent changes for the Hang Seng TECH Index (HSTECH INDEX) in June. However, there are float and capping changes.
  • Estimated one-way turnover is 8% leading to a round-trip trade of HK$19.2bn (US$2.46bn). There is over 3x ADV to buy in Li Auto (2015 HK)
  • Short interest is quite elevated on a lot of stocks both in terms of days of ADV and in terms of free float.

A/H Premium Tracker (To 17 May 2024):  Hs Rally Huge Vs As, Again. Avg A/H Premium Lowest in 4yrs

By Travis Lundy

  • The New/Better A-H Premium Tracker has tables, charts, measures galore to track A/H premium positioning, southbound and northbound positioning/volatility in pairs over time, etc.
  • SOUTHBOUND’s buy streak was interrupted again this past week, but they still net bought, as did NORTHBOUND. HK stocks continued their rise with liquid Hs outperforming their As by 3.8%. 
  • There were some BIG moves the past two weeks and Average AH Premia are now the lowest in nearly four years vs near 5yr wides less than 12 weeks ago. 

Weekly Deals Digest (19 May) – ESR Group, L’Occitane, CPMC, Malaysia Airports, I’Rom, Modec

By Arun George


EQD / NSE Volatility Update / 13-May-24 to 17-May-24

By Sankalp Singh

  • Curtail Short Gamma & Short Vega exposure as Vol-regime has switched to “High & Up” state.  
  • Short-Dated IVs traded markedly lower, driven by recovering equities & the 20-May market holiday
  • Nifty50 vol curve is exhibiting unusual kinked shape. Monthly IVs are commanding a large vol markup relative to rest of the curve. 

Mainland Connect NORTHBOUND Flows (To 17 May 2024):

By Travis Lundy

  • The Quiddity Mainland Connect NORTHBOUND Monitor. Like the A/H Premium Monitor and HK Connect SOUTHBOUND Monitor. Lots of Flows/Position Tables and Charts with which to play.
  • Last week saw NORTHBOUND net BUY RMB 8.8bn of A-shares on lower gross volumes. NORTHBOUND bought Luxshare, CMB, and CATL. AH Premia now lowest in 4yrs.
  • Foreign attitudes to HK stocks different than to mainland stocks. This may continue.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief Equity Bottom-Up: TSMC (2330.TT; TSM.US): A16 Technology Continues to Evolve in 1H27. and more

By | Daily Briefs, Equity Bottom-Up

In today’s briefing:

  • TSMC (2330.TT; TSM.US): A16 Technology Continues to Evolve in 1H27.
  • Pinduoduo(PDD US): Growth Stock Priced as Value Play
  • BYD Electronic (285 HK): Will HSI Inclusion Be a Kiss of Death?
  • Taiwan Dual-Listings Monitor: TSMC Spread Trading at New High Range, CHT Spread at Short Levels
  • China Consumption (20 May 2024): Leapmotor, Stellantis, GAC, Honda, Li Auto, ZTO, Tencent Music
  • China Healthcare Weekly (May.19)- Decoupling Deadline with WuXi,Biotech Classification,Deals Cooling
  • Hamamatsu Photonics (6965 JP): Look Cautiously to the Long Term
  • Arista Networks: Artificial Intelligence (AI) Networking
  • Bangkok Dusit Medical Services (BDMS TB): Thai and International Patients Drives 1Q24 Result
  • The Hershey Company: How Are The Latest North America Confectionery Market Developments Impacting Them? – Major Drivers


TSMC (2330.TT; TSM.US): A16 Technology Continues to Evolve in 1H27.

By Patrick Liao

  • After Taiwan Semiconductor (TSMC) – ADR (TSM US) N2 technology in 2H25F, A16 technology will be pilot-production in 2H26 and likely unveiled in around 1H27.
  • TSMC A16 technology will be utilizing best-in-class backside power delivery solution.
  • Si Photonics co-exists with traditional Substrates packages, linked with fiber.

Pinduoduo(PDD US): Growth Stock Priced as Value Play

By Eric Chen

  • We are more bullish on PDD’s 1Q24 results on the back of better monetization of domestic e-commerce business and fast and quality growth of TEMU.
  • We now expect 1Q24 adjusted earnings to almost double yoy to RMB20 billion, much higher than our previous estimate of 50% yoy growth and exceeding consensus by ~30%.
  • Moreover, we believe earnings growth will be steady throughout 2024 instead of slowing down as we thought. 10x FY24 earnings against 80% yoy growth lead us to see 50%+ upside.

BYD Electronic (285 HK): Will HSI Inclusion Be a Kiss of Death?

By Osbert Tang, CFA

  • While historically many new inclusions to the HSI have performed disappointingly after their addition, BYD Electronic (285 HK) looks unlikely to follow such a pattern.  
  • Its share price has underperformed YTD, absolute PER valuations are not stretched and forward P/B multiple is only at the historical average level. These provide a good buffer.
  • Its industry and business are not at structural and cyclical peaks, with further growth prospects from AI-enhanced products and solutions. A 33% surge in 1Q24 earnings also adds comfort.

Taiwan Dual-Listings Monitor: TSMC Spread Trading at New High Range, CHT Spread at Short Levels

By Vincent Fernando, CFA

  • TSMC: +17% Premium; Has Remained Above 15% for Over Nearly Two Weeks
  • ASE: +11.8% Premium; We Continue to View 14%+ as Range to Short From
  • CHT: +0.6% Premium; Can Consider Shorting the Spread at Current Level

China Consumption (20 May 2024): Leapmotor, Stellantis, GAC, Honda, Li Auto, ZTO, Tencent Music

By Ming Lu

  • Stellantis invested in Leapmotor and their joint venture will sell electric cars in Europe.
  • Two vehicle producers, GAC and Li Auto, are dismissing employees.
  • Tencent Music’s music revenue grew by 43% YoY in 1Q24.

China Healthcare Weekly (May.19)- Decoupling Deadline with WuXi,Biotech Classification,Deals Cooling

By Xinyao (Criss) Wang

  • In 24Q1, the innovative drug projects and medical device projects ranked top two in domestic investment and financing deals, but investment in the field of AI cooled down.
  • For biotech that located in China and only for China markets, it’s hard for them to generate good returns. It is recommended not to spend too much time on them.
  • As the US House Committee advances the BIOSECURE Act to restrict WuXi AppTec/WuXi Bio last week, we listed some points worth the attention at this stage.This is far from over.

Hamamatsu Photonics (6965 JP): Look Cautiously to the Long Term

By Scott Foster

  • The company has slashed FY Sep-24 guidance after missing 1H sales and profit targets by wide margins. Dividend maintained, 2-for-1 split planned and buyback under consideration.
  • Capex has been cut, reflecting lower growth expectations. R&D also. Inventory adjustments will eventually be completed, but Chinese competiton will remain a problem.
  • The share price has dropped 30% in the past year and 10.5% since May 8, putting the shares on 27 times EPS guidance. Still not cheap, but getting there.

Arista Networks: Artificial Intelligence (AI) Networking

By Baptista Research

  • Arista Networks is well-positioned to take advantage of the rapidly growing opportunities in the artificial intelligence (AI) and cloud computing landscape.
  • For the first quarter of 2024, the company reported revenue of $1.57 billion, representing a 16.3% year-over-year growth.
  • Contributing a substantial 16.9% of this revenue was services and software support renewals.

Bangkok Dusit Medical Services (BDMS TB): Thai and International Patients Drives 1Q24 Result

By Tina Banerjee

  • Bangkok Dusit Medical Services (BDMS TB) posted double-digit growth revenue, EBITDA, and net profit in 1Q24. International and Thai patients reported revenue growth of 12% and 10%, YoY, respectively.
  • EBITDA grew at a faster pace of 13% YoY to THB6.8B, due to tight cost control. Net profit of THB4.1B beat estimates.
  • BDMS opened one secondary care hospital with 113 registered beds in March. Phuket Cancer Center is expected to start operation in 3Q24.

The Hershey Company: How Are The Latest North America Confectionery Market Developments Impacting Them? – Major Drivers

By Baptista Research

  • The Hershey Company reported optimistic market share trends in their Q1 2024 earnings.
  • The firm has seen strong performances especially in seasonal sales and takeaway, with innovation being a significant growth driver.
  • Its Reese’s Caramel product was quite popular among customers, with it not only being well received, but also helping drive strong merchandising especially around the Super Bowl season.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief Macro: Global Monetary Policy Easing Cycle: Nuanced Challenges Across Jurisdictions and more

By | Daily Briefs, Macro

In today’s briefing:

  • Global Monetary Policy Easing Cycle: Nuanced Challenges Across Jurisdictions
  • Why New Highs Can Beget More New Highs


Global Monetary Policy Easing Cycle: Nuanced Challenges Across Jurisdictions

By Said Desaque

  • Sweden’s central bank joined Switzerland’s in cutting its policy rate due to falling inflation. The Bank of England and European Central Bank could follow in June, ahead of the Fed.
  • Housing has been adversely impacted due to the global monetary tightening cycle, but capitulating to political pressure to ease the pain by prematurely easing policy could undermine central banks’ credibility.
  • US political patience towards the Fed’s “higher for longer” policy approach and a stronger dollar could be tested as the presidential election approaches, thereby placing pressure on the Fed. 

Why New Highs Can Beget More New Highs

By Cam Hui

  • Stock prices have achieved fresh all-time highs and there is nothing more bullish than new highs.
  • Stocks are rising because of strong technical positions,  progress on disinflation, and continuing signs of growth.
  • These three factors are combining to be supportive of high stock prices ahead.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief Thailand: Bangkok Dusit Medical Services and more

By | Daily Briefs, Thailand

In today’s briefing:

  • Bangkok Dusit Medical Services (BDMS TB): Thai and International Patients Drives 1Q24 Result


Bangkok Dusit Medical Services (BDMS TB): Thai and International Patients Drives 1Q24 Result

By Tina Banerjee

  • Bangkok Dusit Medical Services (BDMS TB) posted double-digit growth revenue, EBITDA, and net profit in 1Q24. International and Thai patients reported revenue growth of 12% and 10%, YoY, respectively.
  • EBITDA grew at a faster pace of 13% YoY to THB6.8B, due to tight cost control. Net profit of THB4.1B beat estimates.
  • BDMS opened one secondary care hospital with 113 registered beds in March. Phuket Cancer Center is expected to start operation in 3Q24.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars



Daily Brief South Korea: Korea Stock Exchange KOSPI 200, HD Hyundai Heavy Industries and more

By | Daily Briefs, South Korea

In today’s briefing:

  • FSS Head’s Aggressive Remarks for Value-Up at NY Event, Incl. Short Selling Resumption Late June
  • ECM Weekly (20th May 2024) -Lalatech, Go Digit, Aadhar, TBO Tek, Ecopro, Nexus, Modec, Hyundai Heavy


FSS Head’s Aggressive Remarks for Value-Up at NY Event, Incl. Short Selling Resumption Late June

By Sanghyun Park

  • Lee Bok-hyun hopes for short selling to resume by late June. Given his influence on the Value-up policy, it’s likely to happen.
  • Lee expects key tax incentives for the value-up program to be included in the July tax reform bill, showing a market-friendly stance.
  • Yesterday’s New York event had a very positive atmosphere with more attendees than expected, showing genuine investor interest, likely ensuring sustained interest in Korea’s Value-up program.

ECM Weekly (20th May 2024) -Lalatech, Go Digit, Aadhar, TBO Tek, Ecopro, Nexus, Modec, Hyundai Heavy

By Sumeet Singh

  • Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
  • On the IPO front, Indian IPOs continued to do well, we also looked at two upcoming deals in Hong Kong.
  • On the placement front, last week ended up being one of the busiest ones so far this year with five deals live just on Thursday night alone. 

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars