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 Jun 26th (reported today). The aggregated short interest was USD45.1bn.</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 Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy, Computershare.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 26th (reported today). The aggregated short interest was USD45.1bn.
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 Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy, Computershare.


ASX Short Interest Weekly (Jun 26th): Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy

<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 Pilbara Minerals, Santos, Woodside Energy, Rio Tinto, BHP, ANZ, Pro Medicus.</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 Pilbara Minerals, Santos, Woodside Energy, Rio Tinto, BHP, ANZ, Pro Medicus.


MS-Australia Index Earning Revision (Jun): Pilbara Minerals, Santos, Woodside Energy, Rio Tinto, BHP

Derivatives and Quantitative Strategist

Gaudenz Schneider

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 17 pair trade opportunities persist across six markets and nine 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 17 pair trade opportunities persist across six markets and nine 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 (29 June 2026)

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

We have now seen US bank giants, <a href="https://www.smartkarma.com/entities/jpmorgan-chase-co" target="_blank" data-smartkarma-citation="entities:277:1" rel="noopener">JPMorgan Chase &amp; Co (JPM US)</a> and <a href="https://www.smartkarma.com/entities/citigroup-inc" target="_blank" data-smartkarma-citation="entities:279:1" rel="noopener">Citigroup Inc (C US) </a>report their quarterly results. Both reveal a significant decline in credit costs. These banks are far more important to the world than the small Indonesian bank that revealed something similar, <a href="https://www.smartkarma.com/entities/bank-mestika-dharma-tbk-pt" target="_blank" data-smartkarma-citation="entities:9566:1" rel="noopener">Bank Mestika Dharma (BBMD IJ)</a>. The data from <a href="https://www.smartkarma.com/entities/commonwealth-bank-of-australia" target="_blank" data-smartkarma-citation="entities:14:1" rel="noopener">Commonwealth Bank of Australia (CBA AU)</a> too suggests that credit metrics are improving. We expect others in the US and elsewhere to follow suit, and especially where credit costs were exaggerated during early in the year. The credit cost delta will be key for banks now.

We have now seen US bank giants, JPMorgan Chase &amp; Co (JPM US) and Citigroup Inc (C US) report their quarterly results. Both reveal a significant decline in credit costs. These banks are far more important to the world than the small Indonesian bank that revealed something similar, Bank Mestika Dharma (BBMD IJ). The data from Commonwealth Bank of Australia (CBA AU) too suggests that credit metrics are improving. We expect others in the US and elsewhere to follow suit, and especially where credit costs were exaggerated during early in the year. The credit cost delta will be key for banks now.

Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

<ul><li>Judo Capital has shocked the market in disclosing a rapid deterioration in loan quality leading to a share price trashing.</li><li>May there be more to come?</li><li> Judo Capital shocks with significant downgrade Share price falls -40% Questions arise as to Judo&rsquo;s credit assessment process Regaining credibility will likely take time</li></ul>

Judo Capital has shocked the market in disclosing a rapid deterioration in loan quality leading to a share price trashing.May there be more to come? Judo Capital shocks with significant downgrade Share price falls -40% Questions arise as to Judo&rsquo;s credit assessment process Regaining credibility will likely take time

Australia

Commonwealth Bank of Australia provides banking, life insurance, and related services for individuals, small businesses and medium sized commercial enterprises. The Bank provides corporate and general banking, international financing, institutional banking and stock broking and funds management such as superannuation product.

Price Gauge
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Commonwealth Bank of Australia (CBA AU)

ASX Short Interest Weekly (Jun 26th): Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy

We analyzed ASX short interest report for the past week and highlight short interest changes in Atlas Arteria, Aristocrat Leisure, Santos, AGL...

Ke Yan, CFA, FRM

MS-Australia Index Earning Revision (Jun): Pilbara Minerals, Santos, Woodside Energy, Rio Tinto, BHP

We analyzed MS-Australia's consensus for Jun 2026 and highlighted changes of EPS in Pilbara Minerals, Santos, Woodside Energy, Rio Tinto, BHP, ANZ,...

Ke Yan, CFA, FRM

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (29 June 2026)

Discover 17 pair trade opportunities across six markets and nine sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Banks – Collapsing Credit Costs

After JP Morgan and Citigroup have confirmed our hypothesis of lower credit costs driving positive results at banks, expect this trend to continue...

Daniel Tabbush

Judo Capital Lands On The Mat

Judo Capital has shocked the market in disclosing a rapid deterioration in loan quality leading to a share price trashing. May there be more to...

FNArena

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX Short Interest Weekly (Jun 26th): Atlas Arteria, Aristocrat Leisure, Santos, AGL Energy

We analyzed ASX short interest report for the past week and highlight short interest changes in Atlas Arteria, Aristocrat Leisure, Santos, AGL...

Ke Yan, CFA, FRM

MS-Australia Index Earning Revision (Jun): Pilbara Minerals, Santos, Woodside Energy, Rio Tinto, BHP

We analyzed MS-Australia's consensus for Jun 2026 and highlighted changes of EPS in Pilbara Minerals, Santos, Woodside Energy, Rio Tinto, BHP, ANZ,...

Ke Yan, CFA, FRM

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (29 June 2026)

​Discover 17 pair trade opportunities across six markets and nine sectors using statistical mean-reversion methodology for actionable insights.

Gaudenz Schneider

Banks – Collapsing Credit Costs

After JP Morgan and Citigroup have confirmed our hypothesis of lower credit costs driving positive results at banks, expect this trend to continue...

Daniel Tabbush

Judo Capital Lands On The Mat

Judo Capital has shocked the market in disclosing a rapid deterioration in loan quality leading to a share price trashing. May there be more to...

FNArena

Discover 17 pair trade opportunities across six markets and nine sectors using statistical mean-reversion methodology for actionable insights.