In today’s briefing:
- Quiddity Leaderboard CSI 300/500 Jun 25: Large Flows; Some Inflow Names Could Outperform Index
- Wintermar Offshore Marine (WINS IJ) – Well-Positioned for the Upcycle
- Geek+ IPO Valuation Analysis: Exit Valuation Would Be Significantly Above Last Private Round of ~$2B
- Arcadis NV – What’s News in Amsterdam – 16 January 2025 (Universal Music Group | AEX Index)
Quiddity Leaderboard CSI 300/500 Jun 25: Large Flows; Some Inflow Names Could Outperform Index
- CSI 300 represents the 300 largest stocks by market cap and liquidity from the Shanghai and Shenzhen Exchanges. CSI 500 is the next 500 names.
- In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in June 2025.
- Currently, we see 6 ADDs/DELs for the CSI 300 index and 50 ADDs/DELs for the CSI 500 index.
Wintermar Offshore Marine (WINS IJ) – Well-Positioned for the Upcycle
- Wintermar Offshore Marine has seen a distinct turnaround in its fortunes over the last two years and is now well-positioned to benefit from an upcycle in the Offshore Services space.
- Charter rates have started to move up in an environment with low vessel supply, especially in the high-tier space where Wintermar has most exposure with new vessels being added.
- Wintermar has net cash, putting it in a strong position to increase its fleet into the upcycle driven by increased offshore exploration in Southeast Asia. Valuations remain attractive.
Geek+ IPO Valuation Analysis: Exit Valuation Would Be Significantly Above Last Private Round of ~$2B
- Geek+, a Beijing-based warehouse robot maker, filed to list IPO on Hong Kong Stock Exchange. The AI & robotics company plans to raise up to $200M.
- Their last round was a $208M Series E1 in August 2022 that was led by Vertex Growth Fund, Intel Capital and B Capital China at a ~$2B post-money valuation.
- Geek+ is growing faster than Doosan Robotics, UBTech Robotics and Shenzhen Dobot. The company will likely trade above their last private round valuation of ~$2B in August of 2022.
Arcadis NV – What’s News in Amsterdam – 16 January 2025 (Universal Music Group | AEX Index)
- In this edition: • Universal Music Group | secondary listing in the US after Ackman exercises his right • AEX Index | likely to be increased to 30 companies; Aalberts, Arcadis and CVC likely to be included
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