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

Tencent (700 HK): 2Q21, Generally Healthy Quarter and Overly Impacted Price

Tencent/NetEase: July Game Approval Analysis

Tencent/NetEase: August Game Approval Analysis

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

<p>Following the Xinhua News Agency's article which once dubbed online gaming as spiritual opium two days ago on August 3rd, today one article on the Security Times proposed to remove the tax rebate for online gaming companies. We look at the current tax benefit for the online gaming companies and are of the view that the proposal is sensible but financial impact will be minor on the established game studio and operators. </p>

Following the Xinhua News Agency's article which once dubbed online gaming as spiritual opium two days ago on August 3rd, today one article on the Security Times proposed to remove the tax rebate for online gaming companies. We look at the current tax benefit for the online gaming companies and are of the view that the proposal is sensible but financial impact will be minor on the established game studio and operators. 

Tencent: Assessment of New Tax Proposal for Game Industry