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 12th (reported today). The aggregated short interest was USD47.3bn.</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 Computershare, Stockland, ASX, Brambles, GPT.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 12th (reported today). The aggregated short interest was USD47.3bn.
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 Computershare, Stockland, ASX, Brambles, GPT.


ASX Short Interest Weekly (Jun 12th): Computershare, Stockland, ASX, Brambles, GPT

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>With gold being sold down as ETFs unwind their positions, we see a 4000 USD/oz handle (<a href="https://www.smartkarma.com/insights/gold-at-4-500-usd-oz-seven-ideas-to-look-at-in-the-gold-space" target="_blank" data-smartkarma-citation="insights:233477" rel="noopener">Gold At 4,500 USD/Oz: Seven Ideas To Look At In the Gold Space</a> )</li>
<li>Stocks have corrected in line with the gold price, and settled at favorable risk-rewards if one sees gold heading back to 4,500 USD/oz. </li>
<li>We provide a sensitivity analysis of seven names based on investors' calls on the gold price. Our favorite names are <a href="https://www.smartkarma.com/entities/oceanagold-philippines-inc" target="_blank" data-smartkarma-citation="entities:40897:1" rel="noopener">OceanaGold Philippines (OGP PM)</a> / <a href="https://www.smartkarma.com/entities/apex-mining-co-inc" target="_blank" data-smartkarma-citation="entities:22952:1" rel="noopener">Apex Mining Co (APX PM)</a> </li>
</ul>


With gold being sold down as ETFs unwind their positions, we see a 4000 USD/oz handle (Gold At 4,500 USD/Oz: Seven Ideas To Look At In the Gold Space )
Stocks have corrected in line with the gold price, and settled at favorable risk-rewards if one sees gold heading back to 4,500 USD/oz. 
We provide a sensitivity analysis of seven names based on investors' calls on the gold price. Our favorite names are OceanaGold Philippines (OGP PM) / Apex Mining Co (APX PM) 


Gold Price Correction: Six Stocks That Are Dirt Cheap

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Gold fever continues down under as <strong><a href="https://www.smartkarma.com/entities/regis-resources-ltd" target="_blank" data-smartkarma-citation="entities:20106:1" rel="noopener">Regis Resources (RRL AU)</a></strong> and <strong><a href="https://www.smartkarma.com/entities/vault-minerals-ltd" target="_blank" data-smartkarma-citation="entities:46317:1" rel="noopener">Vault Minerals Ltd (VAU AU)</a></strong> announce a A$11bn merger, creating the ASX's third largest gold miner.</li>
<li>By way of a Scheme, Regis is offering 0.6947 new shares for each Vault share. Post merger, Regis and Vault shareholders will hold 51% and 49% in the combined entity.</li>
<li>Both boards unanimously back the transaction, which is projected to complete late August, early September. Clean deal.</li>
</ul>


Gold fever continues down under as Regis Resources (RRL AU) and Vault Minerals Ltd (VAU AU) announce a A$11bn merger, creating the ASX's third largest gold miner.
By way of a Scheme, Regis is offering 0.6947 new shares for each Vault share. Post merger, Regis and Vault shareholders will hold 51% and 49% in the combined entity.
Both boards unanimously back the transaction, which is projected to complete late August, early September. Clean deal.


Regis Resources (RRL AU) & Vault Minerals (VAU AU) Claim Each Other

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Supply shocks from the Strait closure sharply raised fuel costs, disproportionately hurting unhedged U.S. airlines and driving a steep decline in JETS.</li>
<li>XLP fell despite its defensive nature, as rising input costs compressed margins and investors rotated out of staples to fund energy exposure.</li>
<li>XLB declined on supply chain disruptions and recession fears, but easing input costs and improving growth expectations position it for a strong, leverage-driven recovery.</li>
</ul>


Supply shocks from the Strait closure sharply raised fuel costs, disproportionately hurting unhedged U.S. airlines and driving a steep decline in JETS.
XLP fell despite its defensive nature, as rising input costs compressed margins and investors rotated out of staples to fund energy exposure.
XLB declined on supply chain disruptions and recession fears, but easing input costs and improving growth expectations position it for a strong, leverage-driven recovery.


Pricing the Strait: Positioning for a Potential Post-Conflict Market

Travis Lundy

Index Rebalance

<ul>
<li>The MV Global Gold Miners index represents the performance of high and mid-cap gold and silver mining companies listed around the world.</li>
<li>There will be four ADDs for the March 2026 rebal event. We predicted two correctly and the other two were surprises.</li>
<li>We expect a one-way flow of US$2.7bn and a turnover of ~7.2% for March 2026. Most of this is recapping flows of the large caps.</li>
</ul>


The MV Global Gold Miners index represents the performance of high and mid-cap gold and silver mining companies listed around the world.
There will be four ADDs for the March 2026 rebal event. We predicted two correctly and the other two were surprises.
We expect a one-way flow of US$2.7bn and a turnover of ~7.2% for March 2026. Most of this is recapping flows of the large caps.


[Quiddity Index] MV Global Gold Miners Mar26 Rebal Results: Four ADDs; US$2.7bn One-Way

United States

Newmont Corporation acquires, explores, and develops mineral properties. The Company produces and markets gold, copper, silver, zinc, and lead. Newmont serves customers worldwide.

Price Gauge
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Newmont (NEM AU)

ASX Short Interest Weekly (Jun 12th): Computershare, Stockland, ASX, Brambles, GPT

We analyzed ASX short interest report for the past week and highlight short interest changes in Computershare, Stockland, ASX, Brambles, GPT.

Ke Yan, CFA, FRM

Gold Price Correction: Six Stocks That Are Dirt Cheap

Six gold miners, deep value unlocked. At $4,000/oz, earnings recalibrated — multiples have compressed hard. Great time to explore.

Sameer Taneja

Regis Resources (RRL AU) & Vault Minerals (VAU AU) Claim Each Other

Another straightforward, albeit, large gold merger. Trading at a gross/annualised spread of 5.4%/18% assuming late Aug completion. If you can take...

David Blennerhassett

Pricing the Strait: Positioning for a Potential Post-Conflict Market

Supply shocks from the Strait closure hit US airlines hard, driving JETS down. XLP and XLB also suffered from rising input costs and disruptions,...

Mint Finance

[Quiddity Index] MV Global Gold Miners Mar26 Rebal Results: Four ADDs; US$2.7bn One-Way

The MV Global Gold Miners Index saw 4 ADDs and sees US$2.7bn one-way of flows or about 7.2% turnover. That is as expected, but 2 of the 4 ADDs were...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX Short Interest Weekly (Jun 12th): Computershare, Stockland, ASX, Brambles, GPT

We analyzed ASX short interest report for the past week and highlight short interest changes in Computershare, Stockland, ASX, Brambles, GPT.

Ke Yan, CFA, FRM

Gold Price Correction: Six Stocks That Are Dirt Cheap

Six gold miners, deep value unlocked. At $4,000/oz, earnings recalibrated — multiples have compressed hard. Great time to explore.

Sameer Taneja

Regis Resources (RRL AU) & Vault Minerals (VAU AU) Claim Each Other

Another straightforward, albeit, large gold merger. Trading at a gross/annualised spread of 5.4%/18% assuming late Aug completion. If you can take...

David Blennerhassett

Pricing the Strait: Positioning for a Potential Post-Conflict Market

​Supply shocks from the Strait closure hit US airlines hard, driving JETS down. XLP and XLB also suffered from rising input costs and disruptions,...

Mint Finance

[Quiddity Index] MV Global Gold Miners Mar26 Rebal Results: Four ADDs; US$2.7bn One-Way

The MV Global Gold Miners Index saw 4 ADDs and sees US$2.7bn one-way of flows or about 7.2% turnover. That is as expected, but 2 of the 4 ADDs were...

Travis Lundy

Supply shocks from the Strait closure hit US airlines hard, driving JETS down. XLP and XLB also suffered from rising input costs and disruptions,...