A director at Hyundai Engineering & Construction maiden bought 500 shares at 34,000.000KRW and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ov...
LG Energy Solution (LGES) raised US$10.8bn in its South Korea IPO, after pricing at the top-end of the IPO price range. The stock was listed on 27th Jan 22. Its six-month lockup is set to expire soon. LGES is the EV battery unit of LG Chem. The company is a major supplier to customers including Tesla and General Motors. In this note, we will talk about the lock-up dynamics and updates since our last note. Our previous notes on the IPO and lock-up: LG Energy Pre-IPO - First Look - Index Incl...
CALB aims to raise around US$1.5bn in its Hong Kong IPO. CALB undertakes design, R&D, production and sales of EV batteries and Energy Storage Systems (ESS) products. CALB undertakes design, R&D, production and sales of EV batteries and Energy Storage Systems (ESS) products in China. According to Frost & Sullivan (F&S), in terms of installed capacity in 2021, it was ranked second in China among third-party EV battery companies and ranked seventh globally among EV battery companies. As of Dec 21...
LG Energy Solution (LGES) raised US$10.8bn in its South Korea IPO, after pricing at the top-end of the IPO price range. The stock was listed on 27th Jan 22. Its three-month lockup is set to expire soon. LGES is the EV battery unit of LG Chem. The company is a major supplier to customers including Tesla and General Motors. In this note, we will talk about the lock-up dynamics and updates since our last note. Our previous notes on the IPO: LG Energy Pre-IPO - First Look - Index Inclusion LG E...
The general evaluation of HYUNDAI ENGR.& CON. (KR), a company active in the Heavy Construction industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 18, 2022, the closing ...
Hyundai Engineering is looking to raise up to US$1bn in its Korea IPO. Hyundai Engineering (HEC) is an engineering firm that covers the entire life-cycle, from procurement, development, maintenance post-completion of the building/project. As per Korea Construction Association in 2021, it ranks in 6th position, with a construction capacity of KRW8.5 tn. There have been a number of news reports since our last note regarding the firm securing projects with an eco-friendly tilt, which could garn...
Qingdao AInnovation Technology Group is looking to raise up to US$157m in its Hong Kong IPO. Qingdao AInnovation Technology Group is an AI solutions provider offering full-stack AI-based products and solutions. According to Frost & Sullivan (F&S), the firm was the third largest AI technology driven solution provider in the enterprise AI solutions market in China in terms of 2020 revenue. Despite historically achieving strong topline growth, owing to both a low base and improving metrics, the ...
A group of shareholders of Nippon Paint Holdings, plan to raise around US$1.4bn via selling nearly 6% of the stock. We covered most aspects of the deal in our previous note, Nippon Paint Holdings Placement - Nothing particularly exciting, needs to correct. In this note, we will talk about the updates and share price movement since then.
Qingdao AInnovation Technology Group is looking to raise up to US$200m in its Hong Kong IPO. Qingdao AInnovation Technology Group is an AI solutions provider offering full-stack AI-based products and solutions. According to Frost & Sullivan (F&S), the firm was the third largest AI technology driven solution provider in the enterprise AI solutions market in China in terms of 2020 revenue. The firm’s revenue has grown since its inception in 2018, owing to a low base effect, coupled with the firm...
Hyundai Engineering is looking to raise up to US$1bn in its upcoming Korea IPO. Hyundai Engineering is an engineering firm that covers the entire life-cycle, from procurement, development, maintenance post-completion of the building/project. As per Korea Construction Association in 2021, it ranks 6th position, with a construction capacity of KRW8.5 tn. Whilst the firm has a relatively high concentration of international orders in its backlog, 40% in 9M21, it has been on the down trend since ...
Hyundai Engineering is looking to raise up to US$1bn in its upcoming Korea IPO. Hyundai Engineering is an engineering firm that covers the entire life-cycle, from procurement, development, maintenance post-completion of the building/project. As per Korea Construction Association in 2021, it ranks 6th position, with a construction capacity of KRW8.5 tn. The firm has seen its construction capacity steadily growing, increasing its market positioning as per construction capacity from 9th in 2015...
The independent financial analyst theScreener just requalified the general evaluation of NIPPON PAINT HOLDINGS (JP), active in the Speciality Chemicals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date October 8...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Global Equities Flirting With A Breakout Major support levels we pointed to in last Thursday's Int'l Compass held strong, leading to a strong bounce so far this week. The MSCI ACWI, ACWI ex-US, EAFE, and EM indexes have had such a strong bounce that the concern of lower highs has been removed. If fact, several indexes and countries are showing signs of breaking out (MSCI ACWI, MSCI EM, and Japan to name a few). No matter how you look at it this is a positive sign, however we need to see these l...
Not much has changed over the past week when looking at the MSCI ACWI and S&P 500, with prices generally trending sideways and no material changes in our primary breadth indicators. Therefore, our outlook remains positive given breadth and price action improvements on both the ACWI and S&P 500 relative to mid-April (both developments that we highlighted in the 5/17/18 International Compass). • Major themes: Opportunities within Health Care and Materials. Price and relative strength trends con...
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