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 5th (reported today). The aggregated short interest was USD47.8bn.</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 Pro Medicus, Northern Star Resources, Wesfarmers, Computershare, NEWMONT.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 5th (reported today). The aggregated short interest was USD47.8bn.
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 Pro Medicus, Northern Star Resources, Wesfarmers, Computershare, NEWMONT.


ASX Short Interest Weekly (Jun 4th): Pro Medicus, Northern Star Resources, Wesfarmers, Computershare

<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 Evolution Mining, National Australia Bank, CSL, ANZ, Brambles, Woodside Energy.</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 Evolution Mining, National Australia Bank, CSL, ANZ, Brambles, Woodside Energy.


MS-Australia Index Earning Revision (May): Evolution Mining, National Australia Bank, CSL, ANZ

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>In this insight, we have presented our final expectations for index changes for ASX 200, 100, 50, and 20 for the June 2026 index rebal event.</li>
<li>Currently, we expect one regular change for ASX 50 and four regular changes for ASX 200 during the rebalance. Separately, there could be a couple of M&amp;A-related index changes too.</li>
<li>The index review results will be confirmed in early-June 2026.</li>
</ul>


In this insight, we have presented our final expectations for index changes for ASX 200, 100, 50, and 20 for the June 2026 index rebal event.
Currently, we expect one regular change for ASX 50 and four regular changes for ASX 200 during the rebalance. Separately, there could be a couple of M&amp;A-related index changes too.
The index review results will be confirmed in early-June 2026.


Quiddity Leaderboard ASX Jun26: Final Expectations; 14 Changes in June Including M&A-Related Changes

<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 Lynas Rare Earths, National Australia Bank, BHP, Westpac, Woodside Energy, CSL, Transurban.</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 Lynas Rare Earths, National Australia Bank, BHP, Westpac, Woodside Energy, CSL, Transurban.


MS-Australia Index Earning Revision (Apr): Lynas Rare Earths, National Australia Bank, BHP, Westpac

<ul>
<li>In this insight, we have presented our expectations for potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2026 index rebal event.</li>
<li>There have been some important movements in Leaderboard ranks. Currently, we expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200.</li>
<li>However, one of the ASX 200 expected ADDs <a href="https://www.smartkarma.com/entities/firefly-metals-ltd" target="_blank" data-smartkarma-citation="entities:12974:1" rel="noopener">FireFly Metals (FFM AU)</a> is currently involved in a spin-off that could harm its chances of ASX 200 inclusion.</li>
</ul>


In this insight, we have presented our expectations for potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2026 index rebal event.
There have been some important movements in Leaderboard ranks. Currently, we expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200.
However, one of the ASX 200 expected ADDs FireFly Metals (FFM AU) is currently involved in a spin-off that could harm its chances of ASX 200 inclusion.


Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

Australia

Pro Medicus Limited develops and supplies proprietary software and IT solutions for large medical corporations and individual medical group practices.  The Group's services include billing and management systems for diagnostic imaging providers, clinical reporting systems, and appointment booking services.  Pro Medicus' e-mail system delivers encrypted diagnostic reports to group doctors.

Price Gauge
52-week Range	0.00 - 0.00
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Pro Medicus Ltd (PME AU)

ASX Short Interest Weekly (Jun 4th): Pro Medicus, Northern Star Resources, Wesfarmers, Computershare

We analyzed ASX short interest report for the past week and highlight short interest changes in Pro Medicus, Northern Star Resources, Wesfarmers,...

Ke Yan, CFA, FRM

MS-Australia Index Earning Revision (May): Evolution Mining, National Australia Bank, CSL, ANZ

We analyzed MS-Australia's consensus for May 2026 and highlighted changes of EPS in Evolution Mining, National Australia Bank, CSL, ANZ, Brambles,...

Ke Yan, CFA, FRM

MS-Australia Index Earning Revision (Apr): Lynas Rare Earths, National Australia Bank, BHP, Westpac

We analyzed MS-Australia's consensus for Apr 2026 and highlighted changes of EPS in Lynas Rare Earths, National Australia Bank, BHP, Westpac,...

Ke Yan, CFA, FRM

Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

All expected index changes have multiple days of volume to trade. There is still roughly one month left in the reference period and some ASX 200...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX Short Interest Weekly (Jun 4th): Pro Medicus, Northern Star Resources, Wesfarmers, Computershare

We analyzed ASX short interest report for the past week and highlight short interest changes in Pro Medicus, Northern Star Resources, Wesfarmers,...

Ke Yan, CFA, FRM

MS-Australia Index Earning Revision (May): Evolution Mining, National Australia Bank, CSL, ANZ

We analyzed MS-Australia's consensus for May 2026 and highlighted changes of EPS in Evolution Mining, National Australia Bank, CSL, ANZ, Brambles,...

Ke Yan, CFA, FRM

Quiddity Leaderboard ASX Jun26: Final Expectations; 14 Changes in June Including M&A-Related Changes

We expect a total of 14 index changes in June 2026 including M&A-related index changes. Most of the index changes have decent impact and flow size.

Janaghan Jeyakumar, CFA

MS-Australia Index Earning Revision (Apr): Lynas Rare Earths, National Australia Bank, BHP, Westpac

We analyzed MS-Australia's consensus for Apr 2026 and highlighted changes of EPS in Lynas Rare Earths, National Australia Bank, BHP, Westpac,...

Ke Yan, CFA, FRM

Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

All expected index changes have multiple days of volume to trade. There is still roughly one month left in the reference period and some ASX 200...

Janaghan Jeyakumar, CFA