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 Apr 18th (reported today) which has an aggregated short interest worth USD24.0bn.</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, Sigma Pharmaceuticals, Alcoa.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Apr 18th (reported today) which has an aggregated short interest worth USD24.0bn.
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, Sigma Pharmaceuticals, Alcoa.


ASX Short Interest Weekly (Apr 18th): BHP, Sigma Pharmaceuticals, Alcoa

Senior Credit Analyst, Lucror Analytics

Tanvi Arora

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Adani Green Energy, Nickel Industries</li>
<li>The US equity market rebounded overnight to erase earlier losses in the day. The S&amp;P 500 was up for a fifth straight day (its longest streak since November 2024), albeit at just 0.1%.</li>
<li>In the US, the Dallas Fed manufacturing activity index plunged to negative 35.8 (-14.1 e / -16.3 p) in March, reaching its lowest level since May 2020. The survey showed executives describing the situation as "chaos" and "insanity".</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Adani Green Energy, Nickel Industries
The US equity market rebounded overnight to erase earlier losses in the day. The S&amp;P 500 was up for a fifth straight day (its longest streak since November 2024), albeit at just 0.1%.
In the US, the Dallas Fed manufacturing activity index plunged to negative 35.8 (-14.1 e / -16.3 p) in March, reaching its lowest level since May 2020. The survey showed executives describing the situation as "chaos" and "insanity".


Leonard Law, CFA

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: China Water Affairs, Xiaomi Corp, Nickel Industries</li>
<li>In the US, Atlanta Fed President Raphael Bostic said he anticipates only one interest rate cut this year, as he now thinks “we’re going to see inflation be very bumpy and not move dramatically and in a clear way to the 2% target”.</li>
<li>Mr Bostic currently projects that inflation will return to the central bank's 2% target at some point in early 2027, in line with the Fed's projections published last week.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: China Water Affairs, Xiaomi Corp, Nickel Industries
In the US, Atlanta Fed President Raphael Bostic said he anticipates only one interest rate cut this year, as he now thinks “we’re going to see inflation be very bumpy and not move dramatically and in a clear way to the 2% target”.
Mr Bostic currently projects that inflation will return to the central bank's 2% target at some point in early 2027, in line with the Fed's projections published last week.


<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Mar 14th (reported today) which has an aggregated short interest worth USD22.5bn.</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 Lottery, Telstra, Sigma Pharmaceuticals.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Mar 14th (reported today) which has an aggregated short interest worth USD22.5bn.
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 Lottery, Telstra, Sigma Pharmaceuticals.


ASX Short Interest Weekly (Mar 14th): Lottery, Telstra, Sigma Pharmaceuticals

Yuexiu Real Estate Investment Trust / Credit

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Yuexiu REIT, Cikarang Listrindo, Nickel Industries</li>
<li>In the US, the import price index rose 0.4% m-o-m (0.0% e / 0.4% revised p) in February. Separately, industrial production came in above estimates at 0.7% m-o-m (0.2% e / 0.3% revised p), with capacity utilisation up at 78.2% (77.8% e / 77.7% revised p).</li>
<li>Meanwhile, housing starts grew 11.2% m-o-m (1.4% e / -11.5% p) in February to 1.50 mn units, rebounding from the decline in January, which had been driven by cold weather. The February (preliminary) building permits fell 1.2% m-o-m (-1.4% e / -0.6% p) to 1.46 mn units.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Yuexiu REIT, Cikarang Listrindo, Nickel Industries
In the US, the import price index rose 0.4% m-o-m (0.0% e / 0.4% revised p) in February. Separately, industrial production came in above estimates at 0.7% m-o-m (0.2% e / 0.3% revised p), with capacity utilisation up at 78.2% (77.8% e / 77.7% revised p).
Meanwhile, housing starts grew 11.2% m-o-m (1.4% e / -11.5% p) in February to 1.50 mn units, rebounding from the decline in January, which had been driven by cold weather. The February (preliminary) building permits fell 1.2% m-o-m (-1.4% e / -0.6% p) to 1.46 mn units.


Indonesia

Nickel Industries Limited provides mining services. The Company acquires, explores, and develops nickel projects. Nickel Industries operates in Australia.

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Nickel Industries (NIC AU)

ASX Short Interest Weekly (Apr 18th): BHP, Sigma Pharmaceuticals, Alcoa

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Sigma Pharmaceuticals, Alcoa.

Ke Yan, CFA, FRM

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Adani Green Energy, Nickel Industries

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: China Water Affairs, Xiaomi Corp, Nickel...

Lucror Analytics

ASX Short Interest Weekly (Mar 14th): Lottery, Telstra, Sigma Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Lottery, Telstra, Sigma Pharmaceuticals.

Ke Yan, CFA, FRM

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Yuexiu REIT, Cikarang Listrindo, Nickel...

Lucror Analytics

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