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

DZT Research

DZT 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 Mar 27th (reported today). The aggregated short interest was USD36.5bn.</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 Suncorp, Medibank Private, Macquarie, Technology One, Whitehaven Coal.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 27th (reported today). The aggregated short interest was USD36.5bn.
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 Suncorp, Medibank Private, Macquarie, Technology One, Whitehaven Coal.


ASX Short Interest Weekly (Mar 27th): Suncorp, Medibank Private, Macquarie, Technology One

Founder Evidente. Top rated quantitative analyst, Evidente

Sam Ferraro

Founder Evidente. Top rated quantitative analyst

Evidente

Evidente is an independent financial education firm that delivers innovative financial advice to wholesale investors, including active long only funds, hedge funds, pension funds, and sovereign wealth funds, in Australia and globally.  Drawing on academic research in asset pricing, behavioural finance and portfolio construction, Evidente provides wholesale investors with commercial solutions to stock selection and asset allocation decisions across equities and other asset classes.

Thematic (Sector/Industry)

<ul><li>A number of developments in the past week were a stark reminder that&nbsp;Australia&rsquo;s exports to China&nbsp;are undergoing a revolution thanks to inexorable&nbsp;rise of China's middle class.&nbsp;&nbsp;At a time when BHP dropped to a decade low, the news-flow in Australia focussed on &nbsp;the growing shortage on supermarket shelves of Bellamy&rsquo;s baby formula, while overseas arrivals from China continue to surge.&nbsp;</li><li>Chinese demand for&nbsp;Australia's agri-food products, vitamins, wine, tourism, higher education and other non-commodity goods and&nbsp;services&nbsp;will continue to grow strongly and help diversify our export basket.&nbsp; In an environment where the aggregate supply of growth in Australia is low, the rise of China's middle class is a powerful and seductive investment theme that offers strong growth prospects to Australia's non-commodity exporters.</li><li>The key macro announcement in Australia in the past week was the stronger than expected employment print for the month of October.&nbsp; Expectations of a December rate cut have consequently diminished.&nbsp; Evidente has been of the view that given the spare capacity in the economy and labour market, the RBA should deliver more monetary stimulus.&nbsp; One strong monthly employment outcome is not sufficient to alter my view that labour market conditions are slack and that another rate cut is necessary.</li></ul>

A number of developments in the past week were a stark reminder that&nbsp;Australia&rsquo;s exports to China&nbsp;are undergoing a revolution thanks to inexorable&nbsp;rise of China's middle class.&nbsp;&nbsp;At a time when BHP dropped to a decade low, the news-flow in Australia focussed on &nbsp;the growing shortage on supermarket shelves of Bellamy&rsquo;s baby formula, while overseas arrivals from China continue to surge.&nbsp;Chinese demand for&nbsp;Australia's agri-food products, vitamins, wine, tourism, higher education and other non-commodity goods and&nbsp;services&nbsp;will continue to grow strongly and help diversify our export basket.&nbsp; In an environment where the aggregate supply of growth in Australia is low, the rise of China's middle class is a powerful and seductive investment theme that offers strong growth prospects to Australia's non-commodity exporters.The key macro announcement in Australia in the past week was the stronger than expected employment print for the month of October.&nbsp; Expectations of a December rate cut have consequently diminished.&nbsp; Evidente has been of the view that given the spare capacity in the economy and labour market, the RBA should deliver more monetary stimulus.&nbsp; One strong monthly employment outcome is not sufficient to alter my view that labour market conditions are slack and that another rate cut is necessary.

Weekly Impressions - Australia's Export Revolution to China's Rising Middle Class

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.</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 Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 20th (reported today). The aggregated short interest was USD36.7bn.
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 Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals, Insurance Australia, Coles.


ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

<ul><li>Australians' long held fascination with land is part of the national psyche.&nbsp; In a speech delivered overnight, RBA Deputy Governor Philip Lowe shows why.&nbsp;&nbsp;Land accounts for one-third of Australia's national assets and that higher land values - not dwellings - have driven residential property markets higher in recent decades.</li><li>Booming land values reflect favourable demand side influences, including strong growth in population and household incomes, while zoning restrictions have meant that the supply response to higher prices has been muted.&nbsp; With slower expected future income growth and increased concerns about future housing costs, the response to higher housing prices looks to be smaller than it was previously.</li><li>Nonetheless, Mr Lowe acknowledges that that a reduction in the household savings ratio is &lsquo;probably appropriate&rsquo; as the economy re-balances from a terms of trade and mining investment booms.&nbsp; Against this backdrop, I re-iterate my positive view on discretionary retailers.&nbsp; Key stocks to buy: HVN, JBH, DSH, GWA, MYR and PMV.</li></ul>

Australians' long held fascination with land is part of the national psyche.&nbsp; In a speech delivered overnight, RBA Deputy Governor Philip Lowe shows why.&nbsp;&nbsp;Land accounts for one-third of Australia's national assets and that higher land values - not dwellings - have driven residential property markets higher in recent decades.Booming land values reflect favourable demand side influences, including strong growth in population and household incomes, while zoning restrictions have meant that the supply response to higher prices has been muted.&nbsp; With slower expected future income growth and increased concerns about future housing costs, the response to higher housing prices looks to be smaller than it was previously.Nonetheless, Mr Lowe acknowledges that that a reduction in the household savings ratio is &lsquo;probably appropriate&rsquo; as the economy re-balances from a terms of trade and mining investment booms.&nbsp; Against this backdrop, I re-iterate my positive view on discretionary retailers.&nbsp; Key stocks to buy: HVN, JBH, DSH, GWA, MYR and PMV.

Australia's land obsession - Reiterate postive view on discretionary retailers

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 16th March, published ~9AM on the 20th March.</li>
<li>The largest industry net increase in the past week was into "Diversified Banks"; the largest industry net decrease was out of "Industrial REITs". Net shorts increased A$2.3bn week-on-week.
</li>
<li>Companies mentioned in this regular weekly report include: <a href="https://www.smartkarma.com/entities/goodman-fielder-ltd" target="_blank" data-smartkarma-citation="entities:171:1" rel="noopener">Goodman Fielder (GFF AU)</a>, <a href="https://www.smartkarma.com/entities/woodside-petroleum-ltd" target="_blank" data-smartkarma-citation="entities:177:1" rel="noopener">Woodside Petroleum (WPL AU)</a>, <a href="https://www.smartkarma.com/entities/tpg-telecom-ltd-5b64c473-761f-4a0a-a7f9-95770efefa20" target="_blank" data-smartkarma-citation="entities:30984:1" rel="noopener">TPG Telecom (TPG AU)</a>, <a href="https://www.smartkarma.com/entities/droneshield-ltd" target="_blank" data-smartkarma-citation="entities:30509:1" rel="noopener">DroneShield Ltd (DRO AU)</a>, <a href="https://www.smartkarma.com/entities/electro-optic-systems-holdin" target="_blank" data-smartkarma-citation="entities:20402:1" rel="noopener">Electro Optic Systems Hldg (EOS AU)</a>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 16th March, published ~9AM on the 20th March.
The largest industry net increase in the past week was into "Diversified Banks"; the largest industry net decrease was out of "Industrial REITs". Net shorts increased A$2.3bn week-on-week.

Companies mentioned in this regular weekly report include: Goodman Fielder (GFF AU), Woodside Petroleum (WPL AU), TPG Telecom (TPG AU), DroneShield Ltd (DRO AU), Electro Optic Systems Hldg (EOS AU).


Aussie Shorts (16th Mar 2026): Goodman Fielder, Woodside Petroleum, TPG Telecom, DroneShield

Australia

Bapcor Limited retails automotive parts. The Company offers aftermarket parts, accessories, and services. Bapcor serves customers in Australia.

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Bapcor Ltd (BAP AU)

ASX Short Interest Weekly (Mar 27th): Suncorp, Medibank Private, Macquarie, Technology One

We analyzed ASX short interest report for the past week and highlight short interest changes in Suncorp, Medibank Private, Macquarie, Technology...

Ke Yan, CFA, FRM

Weekly Impressions - Australia's Export Revolution to China's Rising Middle Class

A number of developments in the past week were a stark reminder that Australia’s exports to China are undergoing a revolution thanks to...

Sam Ferraro

ASX Short Interest Weekly (Mar 20th): Evolution Mining, 4Dmedical Ltd, Sigma Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Evolution Mining, 4Dmedical Ltd, Sigma...

Ke Yan, CFA, FRM

Australia's land obsession - Reiterate postive view on discretionary retailers

Australians' long held fascination with land is part of the national psyche. In a speech delivered overnight, RBA Deputy Governor Philip Lowe...

Sam Ferraro

Aussie Shorts (16th Mar 2026): Goodman Fielder, Woodside Petroleum, TPG Telecom, DroneShield

The largest industry net increase in the past week was into "Diversified Banks"; the largest industry net decrease was out of "Industrial REITs"....

David Blennerhassett

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