Daily BriefsECM

Daily Brief ECM: ECM Weekly (20th Jan 23) – HK Brokers and more

In today’s briefing:

  • ECM Weekly (20th Jan 23) – HK Brokers, Wuxi, IQIYI, Anycol, Adani, WM Mot, LG Ene, AIn, Oasis, Perta
  • Heico Corporation: Major Drivers
  • TransDigm Group: Key Drivers

ECM Weekly (20th Jan 23) – HK Brokers, Wuxi, IQIYI, Anycol, Adani, WM Mot, LG Ene, AIn, Oasis, Perta

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.
  • Things are starting to pickup on the IPO front with the first somewhat sizeable US ADR filing done this week.
  • Placements deal flow continued to stay strong this week, even as the performance didn’t.

Heico Corporation: Major Drivers

By Baptista Research

  • Heico had another successful quarter and managed an all-around beat driven by record performance within the Flight Support Group.
  • The Flight Support Group’s operating income and net sales have increased sequentially.
  • Heico’s ETG Group finalized the acquisition of TRAD Tests & Radiations, a pioneer in the extremely specialized field of radiation engineering.

TransDigm Group: Key Drivers

By Baptista Research

  • TransDigm managed to deliver yet another all-around beat in the recent result.
  • Their value generation process heavily relies on their capital structure and allocations and has worked well in the post Covid environment.
  • Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

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