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 Feb 3rd (reported today) which has an aggregated short interest worth USD16.3bn.</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 Coles, Bhp, Northern Star, Macquarie, Xero.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Feb 3rd (reported today) which has an aggregated short interest worth USD16.3bn.
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 Coles, Bhp, Northern Star, Macquarie, Xero.


ASX Short Interest Weekly (Feb 3rd): Coles, Bhp, Northern Star, Macquarie, Xero

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 Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/newmont-mining-corp" target="_blank" data-smartkarma-citation="entities:14503:1" rel="noopener">Newmont Mining (NEM US)</a> has made an indicative, non-binding and conditional proposal to acquire <a href="https://www.smartkarma.com/entities/newcrest-mining-ltd" target="_blank" data-smartkarma-citation="entities:691:1" rel="noopener">Newcrest Mining (NCM AU)</a>. The exchange ratio is 0.38 Newmont shares for each Newcrest share.</li>
<li>At <a href="https://www.smartkarma.com/entities/newmont-mining-corp" target="_blank" data-smartkarma-citation="entities:14503:1" rel="noopener">Newmont Mining (NEM US)</a>'s last close, this values <a href="https://www.smartkarma.com/entities/newcrest-mining-ltd" target="_blank" data-smartkarma-citation="entities:691:1" rel="noopener">Newcrest Mining (NCM AU)</a> at A$27.4/share and at an equity value of A$17.3bn, a 22% premium to the last close.</li>
<li>
<a href="https://www.smartkarma.com/entities/newmont-mining-corp" target="_blank" data-smartkarma-citation="entities:14503:1" rel="noopener">Newmont Mining (NEM US)</a> intends to list CDIs on the ASX following the acquisition and that will have implications for changes in the S&amp;P/ASX family of indices.</li>
</ul>



Newmont Mining (NEM US) has made an indicative, non-binding and conditional proposal to acquire Newcrest Mining (NCM AU). The exchange ratio is 0.38 Newmont shares for each Newcrest share.
At Newmont Mining (NEM US)'s last close, this values Newcrest Mining (NCM AU) at A$27.4/share and at an equity value of A$17.3bn, a 22% premium to the last close.

Newmont Mining (NEM US) intends to list CDIs on the ASX following the acquisition and that will have implications for changes in the S&amp;P/ASX family of indices.


Newmont's Indicative Offer for Newcrest Mining (NCM AU)

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jan 20th (reported today) which has an aggregated short interest worth USD16.9bn.</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 Pilbara Minerals, Seek, Coles, Northern Star Re, Mineral Resource.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jan 20th (reported today) which has an aggregated short interest worth USD16.9bn.
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 Pilbara Minerals, Seek, Coles, Northern Star Re, Mineral Resource.


ASX Short Interest Weekly (Jan 20th): Pilbara, Seek, Coles, Northern Star, Mineral Resource

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jan 13th (reported today) which has an aggregated short interest worth USD17.4bn.</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 Anz, Woodside Energy, Northern Star, Bhp, Pexa, Lynas Rare Earth, Champion Iron, Macquarie, Qbe Insurance.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jan 13th (reported today) which has an aggregated short interest worth USD17.4bn.
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 Anz, Woodside Energy, Northern Star, Bhp, Pexa, Lynas Rare Earth, Champion Iron, Macquarie, Qbe Insurance.


ASX Short Interest Weekly (Jan 13th): Anz, Woodside, Northern Star, BHP

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Dec 9th (reported today) which has an aggregated short interest worth USD16.3bn.</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 QBE Insurance, Bluescope Steel, Woodside Energy, BHP, CSL.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Dec 9th (reported today) which has an aggregated short interest worth USD16.3bn.
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 QBE Insurance, Bluescope Steel, Woodside Energy, BHP, CSL.


ASX Short Interest Weekly (Dec 9th): QBE Insurance, Bluescope Steel, Woodside Energy, BHP, CSL

Australia

SGH Limited operates as a diversified operating and investment company. The Company focuses on businesses across construction and mining equipment distribution, industrial services, energy, and media. SGH serves customers worldwide.

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SGH Limited (SGH AU)

ASX Short Interest Weekly (Feb 3rd): Coles, Bhp, Northern Star, Macquarie, Xero

We analyzed ASX short interest report for the past week and highlight short interest changes in Coles, Bhp, Northern Star, Macquarie, Xero.

Ke Yan, CFA, FRM

Newmont's Indicative Offer for Newcrest Mining (NCM AU)

Newmont is looking to acquire Newcrest Mining at an exchange ratio of 0.38 NEM shares per NCM share. That is a 22% premium for NCM. NEM intends to...

Brian Freitas

ASX Short Interest Weekly (Jan 20th): Pilbara, Seek, Coles, Northern Star, Mineral Resource

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

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Jan 13th): Anz, Woodside, Northern Star, BHP

We analyzed ASX short interest report for the past week and highlight short interest changes in Anz, Woodside, Northern Star, Bhp, Pexa, Lynas Rare...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Dec 9th): QBE Insurance, Bluescope Steel, Woodside Energy, BHP, CSL

We analyzed ASX short interest report for the past week and highlight short interest changes in QBE Insurance, Bluescope Steel, Woodside Energy,...

Ke Yan, CFA, FRM

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52-week Range

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