Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

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.

Equity Bottom-Up

China Shipbuilding Industry / Equity Bottom-Up

<p>CSIC is a leading shipbuilder in China in terms of its total capacity. Having said that, the stock has been bothered by the down turn in the shipbuilding market and has been loss making for 3 years out of the past four years. The recent recovery in the maritime market, particularly the container shipping market, brings hope to the overall shipbuilding market. Yet, we note that the shipbuilding orders will not come back on a sustainable basis. Together with its focus on the military projects, we do not think that the CSIC is a good proxy for the maritime recovery play and would continue to avoid the name. </p>

CSIC is a leading shipbuilder in China in terms of its total capacity. Having said that, the stock has been bothered by the down turn in the shipbuilding market and has been loss making for 3 years out of the past four years. The recent recovery in the maritime market, particularly the container shipping market, brings hope to the overall shipbuilding market. Yet, we note that the shipbuilding orders will not come back on a sustainable basis. Together with its focus on the military projects, we do not think that the CSIC is a good proxy for the maritime recovery play and would continue to avoid the name. 

CSIC: Why It Is Not a Good Proxy to Maritime Recovery