APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

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.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sayona-mining-ltd" target="_blank" data-smartkarma-citation="entities:1589:1" rel="noopener">Sayona Mining (SYA AU)</a> is looking to raise around US$129m in its primary follow-on offering. Proceeds will be used for CAPEX needs and working capital, amongst others. </li>
<li>The deal is a slightly large one to digest at 17.9 days of ADV and 12.1% dilution.</li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>



Sayona Mining (SYA AU) is looking to raise around US$129m in its primary follow-on offering. Proceeds will be used for CAPEX needs and working capital, amongst others. 
The deal is a slightly large one to digest at 17.9 days of ADV and 12.1% dilution.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Sayona Mining Placement - Has Remained on Schedule with Increased Coverage

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

<ul>
<li>There are no constituent changes for the MVIS Global Rare Earth/Strategic Metals Index at the March rebalance. There are free float and capping changes though.</li>
<li>One way turnover is estimated at 3.1% and will result in a one-way trade of US$19m. Flows are relatively small with no impact over 1x ADV on any stock.</li>
<li>The June rebalance should have constituent changes with an increase in the number of stocks in the index universe.</li>
</ul>


There are no constituent changes for the MVIS Global Rare Earth/Strategic Metals Index at the March rebalance. There are free float and capping changes though.
One way turnover is estimated at 3.1% and will result in a one-way trade of US$19m. Flows are relatively small with no impact over 1x ADV on any stock.
The June rebalance should have constituent changes with an increase in the number of stocks in the index universe.


MVIS Global Rare Earth/​​​Strategic Metals Index Rebalance: Float & Capping Changes on Friday

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jun 9th (reported today) which has an aggregated short interest worth USD16.2bn.</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 IDP Education, Rio Tinto, Igo, Sayona Mining, BHP, Suncorp.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 9th (reported today) which has an aggregated short interest worth USD16.2bn.
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 IDP Education, Rio Tinto, Igo, Sayona Mining, BHP, Suncorp.


ASX Short Interest Weekly (Jun 9th): IDP Education, Rio Tinto, Igo, Sayona Mining, BHP, Suncorp

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of May 26th (reported today) which has an aggregated short interest worth USD15.9bn.</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 Westpac, Suncorp, Aristocrat Leisu, Megaport, BHP, Woodside Energy, Idp Education.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 26th (reported today) which has an aggregated short interest worth USD15.9bn.
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 Westpac, Suncorp, Aristocrat Leisu, Megaport, BHP, Woodside Energy, Idp Education.


ASX Short Interest Weekly (May 26th): Westpac, Suncorp, Aristocrat, Megaport, BHP, Woodside Energy

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of May 19th (reported today) which has an aggregated short interest worth USD16.8bn.</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 Wesfarmers, Coles, Xero, ANZ, Bhp, Woolworths, Newcrest Mining.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 19th (reported today) which has an aggregated short interest worth USD16.8bn.
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 Wesfarmers, Coles, Xero, ANZ, Bhp, Woolworths, Newcrest Mining.


ASX Short Interest Weekly (May 19th): Wesfarmers, Coles, Xero, ANZ, Bhp, Woolworths, Newcrest

Australia

Sayona Mining Ltd is a diamond exploration and production company whose primary exploration tenements are located in the Republic of Botswana.

52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sayona Mining (SYA AU)

Sayona Mining Placement - Has Remained on Schedule with Increased Coverage

Sayona Mining (SYA AU) is looking to raise around US$129m in its primary follow-on offering. Proceeds will be used for CAPEX needs and working...

Ethan Aw

MVIS Global Rare Earth/Strategic Metals Index Rebalance: Float & Capping Changes on Friday

There are no constituent changes in March, only float/capping changes. One-way turnover is estimated at 3.1% resulting in a one-way trade of...

Brian Freitas

ASX Short Interest Weekly (Jun 9th): IDP Education, Rio Tinto, Igo, Sayona Mining, BHP, Suncorp

We analyzed ASX short interest report for the past week and highlight short interest changes in IDP Education, Rio Tinto, Igo, Sayona Mining, BHP,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (May 26th): Westpac, Suncorp, Aristocrat, Megaport, BHP, Woodside Energy

We analyzed ASX short interest report for the past week and highlight short interest changes in Westpac, Suncorp, Aristocrat Leisu, Megaport, BHP,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (May 19th): Wesfarmers, Coles, Xero, ANZ, Bhp, Woolworths, Newcrest

We analyzed ASX short interest report for the past week and highlight short interest changes in Wesfarmers, Coles, Xero, ANZ, BHP, Woolworths,...

Ke Yan, CFA, FRM

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Sayona Mining Placement - Has Remained on Schedule with Increased Coverage

Sayona Mining (SYA AU) is looking to raise around US$129m in its primary follow-on offering. Proceeds will be used for CAPEX needs and working...

Ethan Aw

MVIS Global Rare Earth/​​​Strategic Metals Index Rebalance: Float & Capping Changes on Friday

There are no constituent changes in March, only float/capping changes. One-way turnover is estimated at 3.1% resulting in a one-way trade of...

Brian Freitas

ASX Short Interest Weekly (Jun 9th): IDP Education, Rio Tinto, Igo, Sayona Mining, BHP, Suncorp

We analyzed ASX short interest report for the past week and highlight short interest changes in IDP Education, Rio Tinto, Igo, Sayona Mining, BHP,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (May 26th): Westpac, Suncorp, Aristocrat, Megaport, BHP, Woodside Energy

We analyzed ASX short interest report for the past week and highlight short interest changes in Westpac, Suncorp, Aristocrat Leisu, Megaport, BHP,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (May 19th): Wesfarmers, Coles, Xero, ANZ, Bhp, Woolworths, Newcrest

We analyzed ASX short interest report for the past week and highlight short interest changes in Wesfarmers, Coles, Xero, ANZ, BHP, Woolworths,...

Ke Yan, CFA, FRM

MVIS Global Rare Earth/Strategic Metals Index Rebalance: Float & Capping Changes on Friday