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 Nov 1st (reported today) which has an aggregated short interest worth USD24.5bn.</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 Aristocrat Leisure, Woolworths, Brambles, Xero.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Nov 1st (reported today) which has an aggregated short interest worth USD24.5bn.
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 Aristocrat Leisure, Woolworths, Brambles, Xero.


ASX Short Interest Weekly (Nov 1st): Aristocrat Leisure, Woolworths, Brambles, Xero

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Thematic (Sector/Industry)

<ul><li>Minres has sold its gas assets to Gina Reinhart's Hancock prospecting, receiving $804 million upfront with potential for an additional $300 million based on drilling results.</li><li>The sale has boosted Minres' share price by 14%, with the CFO estimating around $650 million in after-tax cash coming in.</li><li>Gina Reinhart's press release indicates a close collaboration with Minres CEO Chris Ellison, suggesting a strong partnership and potential for future growth and export opportunities.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Minres has sold its gas assets to Gina Reinhart's Hancock prospecting, receiving $804 million upfront with potential for an additional $300 million based on drilling results.The sale has boosted Minres' share price by 14%, with the CFO estimating around $650 million in after-tax cash coming in.Gina Reinhart's press release indicates a close collaboration with Minres CEO Chris Ellison, suggesting a strong partnership and potential for future growth and export opportunities.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Equity Bottom-Up

<ul><li>Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan</li><li> Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeited</li><li>Chair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatility</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeitedChair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatilityThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

MinRes Scandal to See Ellison Exit. Now What?

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On the 15th August, lithium play <a href="https://www.smartkarma.com/entities/latin-resources-ltd" target="_blank" data-smartkarma-citation="entities:8770:1" rel="noopener">Latin Resources (LRS AU)</a> entered into a Scheme with <a href="https://www.smartkarma.com/entities/pilbara-minerals-ltd" target="_blank" data-smartkarma-citation="entities:7460:1" rel="noopener">Pilbara Minerals (PLS AU)</a>. PLS is offering 0.07 new PLS shares for every LRS share. </li>
<li>The scrip terms back out an implied price of A$0.20/share or a 67% premium to last close. Expected implementation was late November, early December; now January / February 2025.</li>
<li>My back &amp; forth with both Pilbara and Latin indicate the booklet had to be delayed to reflect Pilbara's recently adjusted FY25 guidance.</li>
</ul>


On the 15th August, lithium play Latin Resources (LRS AU) entered into a Scheme with Pilbara Minerals (PLS AU). PLS is offering 0.07 new PLS shares for every LRS share. 
The scrip terms back out an implied price of A$0.20/share or a 67% premium to last close. Expected implementation was late November, early December; now January / February 2025.
My back &amp; forth with both Pilbara and Latin indicate the booklet had to be delayed to reflect Pilbara's recently adjusted FY25 guidance.


Latin Resources (LRS AU)'s Scheme: Minor Delay, Not Deal Related

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 25th (reported today) which has an aggregated short interest worth USD24.6bn.</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 Coles, Viva Energy, Nick Scali, Guzman Y Gomez, Mineral Resources, BHP, Goodman, Wisetech Global.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 25th (reported today) which has an aggregated short interest worth USD24.6bn.
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 Coles, Viva Energy, Nick Scali, Guzman Y Gomez, Mineral Resources, BHP, Goodman, Wisetech Global.


ASX Short Interest Weekly (Oct 25th): Coles, Viva Energy, Nick Scali, Guzman Y Gomez

Australia

Mineral Resources Ltd. offers contract crushing services to the mining industry in Australia.  The Company serves gold, iron ore, tantalum, and coal companies.

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Mineral Resources (MIN AU)

ASX Short Interest Weekly (Nov 1st): Aristocrat Leisure, Woolworths, Brambles, Xero

We analyzed ASX short interest report for the past week and highlight short interest changes in Aristocrat Leisure, Woolworths, Brambles, Xero.

Ke Yan, CFA, FRM

Will we see respite for lithium miners?

Minres sells gas assets to Hancock Prospecting for $804 million upfront, retaining exploration assets and receiving praise for CEO Chris Ellison's...

Money of Mine

MinRes Scandal to See Ellison Exit. Now What?

Alison will remain as MD for up to 18 months, facing financial penalties and forfeiting unvested incentives, while the board undergoes a succession...

Money of Mine

ASX Short Interest Weekly (Oct 25th): Coles, Viva Energy, Nick Scali, Guzman Y Gomez

We analyzed ASX short interest report for the past week and highlight short interest changes in Coles, Viva Energy, Nick Scali, Guzman Y Gomez,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX Short Interest Weekly (Nov 1st): Aristocrat Leisure, Woolworths, Brambles, Xero

We analyzed ASX short interest report for the past week and highlight short interest changes in Aristocrat Leisure, Woolworths, Brambles, Xero.

Ke Yan, CFA, FRM

Will we see respite for lithium miners?

Minres sells gas assets to Hancock Prospecting for $804 million upfront, retaining exploration assets and receiving praise for CEO Chris Ellison's...

Money of Mine

MinRes Scandal to See Ellison Exit. Now What?

Alison will remain as MD for up to 18 months, facing financial penalties and forfeiting unvested incentives, while the board undergoes a succession...

Money of Mine

Latin Resources (LRS AU)'s Scheme: Minor Delay, Not Deal Related

This is done. And trading wide-ish at a gross/annualised return of 4.3%/17.2%, assuming early Feb completion. IF you can take down borrow cheaply...

David Blennerhassett

ASX Short Interest Weekly (Oct 25th): Coles, Viva Energy, Nick Scali, Guzman Y Gomez

We analyzed ASX short interest report for the past week and highlight short interest changes in Coles, Viva Energy, Nick Scali, Guzman Y Gomez,...

Ke Yan, CFA, FRM