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Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

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

<ul>
<li>The revenue growth rates of all business lines accelerated in 1Q23.</li>
<li>Operating losses shrank to RMB1.3 bn in 1Q23, less than RMB3 bn in two previous quarters.</li>
<li>We believe the stock has an upside of 66% for the yearend 2023.</li>
</ul>


The revenue growth rates of all business lines accelerated in 1Q23.
Operating losses shrank to RMB1.3 bn in 1Q23, less than RMB3 bn in two previous quarters.
We believe the stock has an upside of 66% for the yearend 2023.


Kuaishou (1024 HK): 1Q23, All Business Lines Accelerated

Kuaishou Technology

Kuaishou (1024 HK): 1Q23, All Business Lines Accelerated