Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 2nd (reported today). The aggregated short interest was USD50.5bn.</li>
<li>We tabulate league tables 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 Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 2nd (reported today). The aggregated short interest was USD50.5bn.
We tabulate league tables 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 Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp.


ASX Short Interest Weekly (Oct 2nd): Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp

Derivatives and Quantitative Strategist

Gaudenz Schneider

Event-Driven

Commonwealth Bank of Australia / Event-Driven

<ul>
<li>The RBA raised its cash rate target to 4.60% on 29 September, its fourth 25bp increase this year.</li>
<li>Australian banks underperformed the broader market over 20 trading days following both the March and May hikes.</li>
<li>Following the latest hike, the Big Four have already underperformed the market, consistent with the pattern following the two preceding increases.</li>
</ul>


The RBA raised its cash rate target to 4.60% on 29 September, its fourth 25bp increase this year.
Australian banks underperformed the broader market over 20 trading days following both the March and May hikes.
Following the latest hike, the Big Four have already underperformed the market, consistent with the pattern following the two preceding increases.


Aussie Banks: Underperformance May Have Further to Run After Rate Hike

Equity Bottom-Up

<ul>
<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
 Highlights: In Australia, currently five pair trade opportunities persist across three sectors.</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.</li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

 Highlights: In Australia, currently five pair trade opportunities persist across three sectors.

Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.


Australia: Relative Value Opportunities and Pair Trades (6 Oct 2026)

Hitachi Construction Machinery / Equity Bottom-Up

<ul>
<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
Highlights: Currently nine pair trade opportunities persist across three markets and four sectors.
</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.</li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

Highlights: Currently nine pair trade opportunities persist across three markets and four sectors.


Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.


Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (5 Oct 2026)

<ul>
<li>We analysed the earning revision of component stocks of MS-Australia in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Woodside Energy, Santos, Rio Tinto, Qbe Insurance, Aristocrat Leisure.</li>
</ul>


We analysed the earning revision of component stocks of MS-Australia in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Woodside Energy, Santos, Rio Tinto, Qbe Insurance, Aristocrat Leisure.


MS-Australia Index Earning Revision (Sep): Woodside Energy, Santos, Rio Tinto, Qbe Insurance

Australia

ANZ Group Holdings Limited operates as a holding company. The Company, through its subsidiaries, provides banking and financial products and services to retail and business customers. ANZ Group Holdings offers loans, transaction and institutional banking services, deposits, and other financial products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

ANZ Group Holdings (ANZ AU)

ASX Short Interest Weekly (Oct 2nd): Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp

We analyzed ASX short interest report for the past week and highlight short interest changes in Northern Star Resources, Alcoa, Wesfarmers,...

Ke Yan, CFA, FRM

Aussie Banks: Underperformance May Have Further to Run After Rate Hike

Aussie banks have underperformed since the latest RBA hike. Following similar patterns after the March and May hikes, the weakness may have further...

Gaudenz Schneider

Australia: Relative Value Opportunities and Pair Trades (6 Oct 2026)

Discover five pair trade opportunities across three sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (5 Oct 2026)

Discover nine pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

MS-Australia Index Earning Revision (Sep): Woodside Energy, Santos, Rio Tinto, Qbe Insurance

We analyzed MS-Australia's consensus for Sep 2026 and highlighted changes of EPS in Woodside Energy, Santos, Rio Tinto, Qbe Insurance, Aristocrat...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX Short Interest Weekly (Oct 2nd): Northern Star Resources, Alcoa, Wesfarmers, Brambles, Suncorp

We analyzed ASX short interest report for the past week and highlight short interest changes in Northern Star Resources, Alcoa, Wesfarmers,...

Ke Yan, CFA, FRM

Aussie Banks: Underperformance May Have Further to Run After Rate Hike

Aussie banks have underperformed since the latest RBA hike. Following similar patterns after the March and May hikes, the weakness may have further...

Gaudenz Schneider

Australia: Relative Value Opportunities and Pair Trades (6 Oct 2026)

​Discover five pair trade opportunities across three sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (5 Oct 2026)

​Discover nine pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

MS-Australia Index Earning Revision (Sep): Woodside Energy, Santos, Rio Tinto, Qbe Insurance

We analyzed MS-Australia's consensus for Sep 2026 and highlighted changes of EPS in Woodside Energy, Santos, Rio Tinto, Qbe Insurance, Aristocrat...

Ke Yan, CFA, FRM

Discover five pair trade opportunities across three sectors using statistical mean-reversion methodology for actionable insights.

Discover nine pair trade opportunities across three markets and four sectors using statistical mean-reversion methodology for actionable insights.