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 Mar 7th (reported today) which has an aggregated short interest worth USD22.7bn.</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 BHP, Woodside Energy, Westpac.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 7th (reported today) which has an aggregated short interest worth USD22.7bn.
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 BHP, Woodside Energy, Westpac.


ASX Short Interest Weekly (Mar 7th): BHP, Woodside Energy, Westpac

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 4th (reported today) which has an aggregated short interest worth USD27.1bn.</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 Ampol, Domino'S Pizza Enterprises, BHP, Fortescue.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 4th (reported today) which has an aggregated short interest worth USD27.1bn.
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 Ampol, Domino'S Pizza Enterprises, BHP, Fortescue.


ASX Short Interest Weekly (Oct 4th): Ampol, Domino'S Pizza Enterprises, BHP, Fortescue

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Aug 2nd (reported today) which has an aggregated short interest worth USD20.4bn.</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 Westgold Resourc, Seek, Paladin Energy, Fortescue, ANZ, Altium.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Aug 2nd (reported today) which has an aggregated short interest worth USD20.4bn.
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 Westgold Resourc, Seek, Paladin Energy, Fortescue, ANZ, Altium.


ASX Short Interest Weekly (Aug 2nd): Westgold Resourc, Seek, Paladin Energy, Fortescue, ANZ, Altium

Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The ASX 20/50/100 index changes for the June 2024 index rebal event was announced after market close on Friday 7th June 2024.</li>
<li>In this insight, we take a look at our flow expectations for the ADDs/DELs and the trends in short interest buildup for these names.</li>
<li>Separately, the completion of the <a href="https://www.smartkarma.com/entities/csr-ltd" target="_blank" data-smartkarma-citation="entities:17380:1" rel="noopener">CSR Ltd (CSR AU)</a> M&amp;A deal could trigger an intra-review deletion in June 2024 and the potential replacement name could have very high-impact.</li>
</ul>


The ASX 20/50/100 index changes for the June 2024 index rebal event was announced after market close on Friday 7th June 2024.
In this insight, we take a look at our flow expectations for the ADDs/DELs and the trends in short interest buildup for these names.
Separately, the completion of the CSR Ltd (CSR AU) M&amp;A deal could trigger an intra-review deletion in June 2024 and the potential replacement name could have very high-impact.


Quiddity ASX Jun 24 Rebal: Regular Index Changes + One Potential Intra-Review Replacement

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

<ul>
<li>With the review period complete, we take a look at the potential index changes at the June rebalance as well as potential index inclusions due to M&amp;A.</li>
<li>Timing is key for the ad hoc inclusions to the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a> with an ad hoc inclusion being announced prior to the regular announcement.</li>
<li>Passive trackers will need to buy 1.3-27x ADV on the expected adds and have 0.8-4.7x ADV to sell on the expected deletes. Shorts have built up on the potential deletes.</li>
</ul>


With the review period complete, we take a look at the potential index changes at the June rebalance as well as potential index inclusions due to M&amp;A.
Timing is key for the ad hoc inclusions to the S&amp;P/ASX 200 (AS51 INDEX) with an ad hoc inclusion being announced prior to the regular announcement.
Passive trackers will need to buy 1.3-27x ADV on the expected adds and have 0.8-4.7x ADV to sell on the expected deletes. Shorts have built up on the potential deletes.


S&P/​​​​​​​​​ASX Index Rebalance Preview: Regular & Ad Hoc Changes in June

Australia

Deep Yellow Limited is an advanced stage uranium exploration company progressing its core Namibian projects.

Price Gauge
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Deep Yellow Ltd (DYL AU)

ASX Short Interest Weekly (Mar 7th): BHP, Woodside Energy, Westpac

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Woodside Energy, Westpac.

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Oct 4th): Ampol, Domino'S Pizza Enterprises, BHP, Fortescue

We analyzed ASX short interest report for the past week and highlight short interest changes in Ampol, Domino'S Pizza Enterprises, BHP, Fortescue.

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Aug 2nd): Westgold Resourc, Seek, Paladin Energy, Fortescue, ANZ, Altium

We analyzed ASX short interest report for the past week and highlight short interest changes in Westgold Resourc, Seek, Paladin Energy, Fortescue,...

Ke Yan, CFA, FRM

Quiddity ASX Jun 24 Rebal: Regular Index Changes + One Potential Intra-Review Replacement

We see Judo Capital (JDO AU) as the potential ASX 200 intra-review replacement for CSR (CSR AU). Coda (CDA AU) is a close-second.

Janaghan Jeyakumar, CFA

S&P/ASX Index Rebalance Preview: Regular & Ad Hoc Changes in June

There should be changes for the ASX20, ASX100, ASX200 in June. Timing of the ASX200 inclusions is key with 2 M&A events leading to ad hoc...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX Short Interest Weekly (Mar 7th): BHP, Woodside Energy, Westpac

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Woodside Energy, Westpac.

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Oct 4th): Ampol, Domino'S Pizza Enterprises, BHP, Fortescue

We analyzed ASX short interest report for the past week and highlight short interest changes in Ampol, Domino'S Pizza Enterprises, BHP, Fortescue.

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Aug 2nd): Westgold Resourc, Seek, Paladin Energy, Fortescue, ANZ, Altium

We analyzed ASX short interest report for the past week and highlight short interest changes in Westgold Resourc, Seek, Paladin Energy, Fortescue,...

Ke Yan, CFA, FRM

Quiddity ASX Jun 24 Rebal: Regular Index Changes + One Potential Intra-Review Replacement

We see Judo Capital (JDO AU) as the potential ASX 200 intra-review replacement for CSR (CSR AU). Coda (CDA AU) is a close-second.

Janaghan Jeyakumar, CFA

S&P/​​​​​​​​​ASX Index Rebalance Preview: Regular & Ad Hoc Changes in June

There should be changes for the ASX20, ASX100, ASX200 in June. Timing of the ASX200 inclusions is key with 2 M&A events leading to ad hoc...

Brian Freitas

S&P/ASX Index Rebalance Preview: Regular & Ad Hoc Changes in June