External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

External broker reports(aggregated public sources)

Moelis Australia Ltd

We are an ASX-listed financial services firm specialising in asset management, lending, corporate advisory and equities. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Another record quarter with $155.6m in Q3 revenue (+59% vs. pcp), bringing the FY23 YTD revenue total to $435.9m (~73% of FY23 MAe $595.8m).</li><li>MAD's Australian business continued to grow strongly in its main division, with Q3 revenue of $119.6m (+45% vs. pcp), with management noting customer demand for all services remains "robust" and supported by strong net headcount growth.</li><li>Australia continues to deliver strong growth with revenue in Q3 (+45% vs pcp) up sequentially from Q2.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Another record quarter with $155.6m in Q3 revenue (+59% vs. pcp), bringing the FY23 YTD revenue total to $435.9m (~73% of FY23 MAe $595.8m).MAD's Australian business continued to grow strongly in its main division, with Q3 revenue of $119.6m (+45% vs. pcp), with management noting customer demand for all services remains "robust" and supported by strong net headcount growth.Australia continues to deliver strong growth with revenue in Q3 (+45% vs pcp) up sequentially from Q2.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mader Group Ltd - Another Record Quarter, Strong Growth Continues, Reaffirmed Guidance

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 Apr 14th (reported today) which has an aggregated short interest worth USD48.6bn.</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 Aurizon, Medibank Private, Coles, Yancoal Australi, Qbe Insurance, Newcrest Mining.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Apr 14th (reported today) which has an aggregated short interest worth USD48.6bn.
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 Aurizon, Medibank Private, Coles, Yancoal Australi, Qbe Insurance, Newcrest Mining.


ASX Short Interest Weekly (Apr 14th): Aurizon, Medibank Private, Coles, Yancoal Australi, Qbe

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Mar 17th (reported today) which has an aggregated short interest worth USD42.6bn.</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 Pilbara Minerals, Northern Star Re, Arafura Rare Ear, Aurizon, Suncorp, Beach Energy.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 17th (reported today) which has an aggregated short interest worth USD42.6bn.
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 Pilbara Minerals, Northern Star Re, Arafura Rare Ear, Aurizon, Suncorp, Beach Energy.


ASX Short Interest Weekly (Mar 17th): Pilbara Minerals, Northern Star Re, Arafura Rare Ear, Aurizon

<ul><li>Earnings broadly consistent with our previously upgraded estimates.</li><li>1H23 NPAT was $17.6m (+45% vs pcp) albeit 6% below MAe, with the delta primarily attributable to elevated debt levels ($61.4m vs $47.3m MAe) driving increased interest expense, as well as higher depreciation.</li><li>Pre-reported 1H23 revenue was $280.3m (+51% vs pcp), with 1H23 EBITDA of $33.8m (+60% vs pcp).</li></ul><span data-sheets-value='{"1":2,"2":"Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below."}' data-sheets-userformat='{"2":33281,"3":{"1":0},"12":0,"18":1}'>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Earnings broadly consistent with our previously upgraded estimates.1H23 NPAT was $17.6m (+45% vs pcp) albeit 6% below MAe, with the delta primarily attributable to elevated debt levels ($61.4m vs $47.3m MAe) driving increased interest expense, as well as higher depreciation.Pre-reported 1H23 revenue was $280.3m (+51% vs pcp), with 1H23 EBITDA of $33.8m (+60% vs pcp).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mader Group Ltd - Guidance Upgrade, Growth Outlook Remains Positive

<ul><li>Record quarterly revenue with FY23 Q2 revenue of $145m, +54% vs pcp and +7% QoQ.</li><li>1H FY23 revenue of $280.3m is 6.3% ahead of MAe $263.7m and +51.6% vs pcp.</li><li>Strong revenue growth was driven by both core and ancillary services in the Australian segment coupled with continued strong growth in the North American segment.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Record quarterly revenue with FY23 Q2 revenue of $145m, +54% vs pcp and +7% QoQ.1H FY23 revenue of $280.3m is 6.3% ahead of MAe $263.7m and +51.6% vs pcp.Strong revenue growth was driven by both core and ancillary services in the Australian segment coupled with continued strong growth in the North American segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mader Group Ltd - North America Gains Momentum as Australia Continues to Deliver

Australia

Mader Group is a solution-driven global maintenance provider powered by mechanically minded specialists. We are passionate about heavy equipment maintenance and dedicated to helping our customers maximise productivity and achieve targets through optimal fleet and plant performance.

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Mader Group Ltd (MAD AU)

Mader Group Ltd - Another Record Quarter, Strong Growth Continues, Reaffirmed Guidance

Another record quarter with $155.6m in Q3 revenue (+59% vs. pcp), bringing the FY23 YTD revenue total to $435.9m (~73% of FY23 MAe $595.8m).

MA Moelis Australia

ASX Short Interest Weekly (Apr 14th): Aurizon, Medibank Private, Coles, Yancoal Australi, Qbe

We analyzed ASX short interest report for the past week and highlight short interest changes in Aurizon, Medibank Private, Coles, Yancoal Australi,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Mar 17th): Pilbara Minerals, Northern Star Re, Arafura Rare Ear, Aurizon

We analyzed ASX short interest report for the past week and highlight short interest changes in Pilbara Minerals, Northern Star Re, Arafura Rare...

Ke Yan, CFA, FRM

Mader Group Ltd - Guidance Upgrade, Growth Outlook Remains Positive

1H23 NPAT was $17.6m (+45% vs pcp) albeit 6% below MAe, with the delta primarily attributable to elevated debt levels ($61.4m vs $47.3m MAe)

MA Moelis Australia

Mader Group Ltd - North America Gains Momentum as Australia Continues to Deliver

Strong revenue growth was driven by both core and ancillary services in the Australian segment coupled with continued strong growth in the North...

MA Moelis Australia

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