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

Ke Yan, CFA, FRM

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.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jul 19th (reported today) which has an aggregated short interest worth USD20.2bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Fortescue, Bluescope Steel, Brambles.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jul 19th (reported today) which has an aggregated short interest worth USD20.2bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Fortescue, Bluescope Steel, Brambles.


ASX Short Interest Weekly (Jul 19th): Fortescue, Bluescope Steel, Brambles

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>Iron ore has remained rangebound between 95 and 130 USD/ton for three years, with cost-curve support kicking in on the higher cost curve at around 100 USD/ton.</li>
<li>Last week, quarterly operational updates released were for <a href="https://api.mziq.com/mzfilemanager/v2/d/53207d1c-63b4-48f1-96b7-19869fae19fe/7d5a19cc-4fa7-7ce9-a947-44dcefea9f27?origin=1" target="_blank" rel="noopener">Vale</a>, <a href="https://www.bhp.com/-/media/documents/media/reports-and-presentations/2024/240717_bhpoperationalreviewfortheyearended30june2024.pdf" target="_blank" rel="noopener">BHP</a>, <a href="https://www.angloamericankumba.com/~/media/Files/A/Anglo-American-Group-v5/Kumba/press-releases/2024/q2-2024-production-and-sales-report.pdf" target="_blank" rel="noopener">Kumba</a>, and <a href="https://www.mtgibsoniron.com.au/wp-content/uploads/2024/07/MGX-June-Quarter-2024-Activities-Report-Final.pdf" target="_blank" rel="noopener">Mount Gibson.</a> Except for BHP, all companies were disappointed due to provisional pricing impacts and mix changes.</li>
<li>Read our recent production preview <a href="https://www.smartkarma.com/insights/fortescue-metals-group-fmg-au-high-dividend-yield-of-9-what-to-expect-from-q4-fy24" target="_blank" data-smartkarma-citation="insights:151567" rel="noopener">Fortescue Metals Group (FMG AU): High Dividend Yield of 9%, What to Expect From Q4 FY24,</a> to be declared on the 25th of July. </li>
</ul>


Iron ore has remained rangebound between 95 and 130 USD/ton for three years, with cost-curve support kicking in on the higher cost curve at around 100 USD/ton.
Last week, quarterly operational updates released were for Vale, BHP, Kumba, and Mount Gibson. Except for BHP, all companies were disappointed due to provisional pricing impacts and mix changes.
Read our recent production preview Fortescue Metals Group (FMG AU): High Dividend Yield of 9%, What to Expect From Q4 FY24, to be declared on the 25th of July. 


Iron Ore Tracker July 22nd, 2024: Doing The Dance Between 95-130 USD/Ton, Use Iron Condors

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Cross Asset Strategy

<ul><li>Good Afternoon from Europe. It’s incredibly hard for me not to begin this weekly EM blog by emphasizing how bearish I am becoming on Copper, given the current developments out of China.</li><li>Chinese trends are diverging rapidly both internally and externally—the export sectors are performing well, while internal consumption growth is far from firing on all cylinders.</li><li><span style="font-weight: 400;">Ahead of the conclusion of the CCP Plenum, we noted that China Daily posted several upbeat stories on the GDP outlook following the release of a slightly disappointing Q2 report.</span></li></ul>

Good Afternoon from Europe. It’s incredibly hard for me not to begin this weekly EM blog by emphasizing how bearish I am becoming on Copper, given the current developments out of China.Chinese trends are diverging rapidly both internally and externally—the export sectors are performing well, while internal consumption growth is far from firing on all cylinders.Ahead of the conclusion of the CCP Plenum, we noted that China Daily posted several upbeat stories on the GDP outlook following the release of a slightly disappointing Q2 report.

EM Watch: China FLOODS global copper markets amidst the plenum

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jul 12th (reported today) which has an aggregated short interest worth USD20.9bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Wesfarmers, Mineral Resource, Macquarie, South32, Car.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jul 12th (reported today) which has an aggregated short interest worth USD20.9bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Wesfarmers, Mineral Resource, Macquarie, South32, Car.


ASX Short Interest Weekly (Jul 12th): Wesfarmers, Mineral Resource, Macquarie, South32, Car

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zip-co-ltd-3708706d-4978-4e29-acbc-d9702b971da9" target="_blank" data-smartkarma-citation="entities:29126:1" rel="noopener">Zip (ZIP AU)</a> plans to raise around US$145m in order to repay its outstanding debt.</li>
<li>The company has undertaken a number of deals in the past and has a mixed track record.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



Zip (ZIP AU) plans to raise around US$145m in order to repay its outstanding debt.
The company has undertaken a number of deals in the past and has a mixed track record.
In this note, we will talk about the placement and run the deal through our ECM framework.


ZIP Placement - Worth a Small Punt, at Best

Australia

Rio Tinto Limited is an international mining company.  The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide feedstock, diamonds, talc and zircon. Dually-listed company with RIO LN.

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Rio Tinto Ltd (RIO AU)

ASX Short Interest Weekly (Jul 19th): Fortescue, Bluescope Steel, Brambles

We analyzed ASX short interest report for the past week and highlight short interest changes in Fortescue, Bluescope Steel, Brambles.

Ke Yan, CFA, FRM

Iron Ore Tracker July 22nd, 2024: Doing The Dance Between 95-130 USD/Ton, Use Iron Condors

With iron ore continuing to remain rangebound between 95-130 USD/ton for the last 3 years (with minor overshoots), we summarize actionable ideas in...

Sameer Taneja

EM Watch: China FLOODS global copper markets amidst the plenum

Good Afternoon from Europe. It’s incredibly hard for me not to begin this weekly EM blog by emphasizing how bearish I am becoming on Copper, given...

Steno Research

ASX Short Interest Weekly (Jul 12th): Wesfarmers, Mineral Resource, Macquarie, South32, Car

We analyzed ASX short interest report for the past week and highlight short interest changes in Wesfarmers, Mineral Resource, Macquarie, South32, Car.

Ke Yan, CFA, FRM

ZIP Placement - Worth a Small Punt, at Best

Zip (ZIP AU) plans to raise around US$145m in order to repay its outstanding debt. In this note, we talk about the deal dynamics and run the deal...

Sumeet Singh

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