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 Bursa stocks as of Jul 11th. The aggregated short interest is USD377m.</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 Ytl, Nationgate Holdings Berhad, Ytl Power International, Gamuda, Bumi Armada.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jul 11th. The aggregated short interest is USD377m.
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 Ytl, Nationgate Holdings Berhad, Ytl Power International, Gamuda, Bumi Armada.


Bursa Short Interest Weekly (Jul 11th): Ytl, Nationgate Holdings Berhad, Ytl Power International

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, next week will see a large number of listings across the region.</li>
<li>On the placements front, given the HK and US holidays and approaching earnings season, there were only a few deals in the past week.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, next week will see a large number of listings across the region.
On the placements front, given the HK and US holidays and approaching earnings season, there were only a few deals in the past week.


ECM Weekly (7 July 2025) - IFBH, HDB, Anjoy, FWD, Lens, Fortior, NTT DC, Daehan, Kanzhun, Nykaa, NH

<ul>
<li>Khazanah is looking to raise up to US$300m via selling 1.5% of <a href="https://www.smartkarma.com/entities/tenaga-nasional-bhd" target="_blank" data-smartkarma-citation="entities:195:1" rel="noopener">Tenaga Nasional (TNB MK)</a>.</li>
<li>Khazanah has sold multiple times before and hence, the selldown is unlikely to come as a surprise.</li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>


Khazanah is looking to raise up to US$300m via selling 1.5% of Tenaga Nasional (TNB MK).
Khazanah has sold multiple times before and hence, the selldown is unlikely to come as a surprise.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Tenaga Nasional Placement - Has Sold Before but past Deals Haven’t Done Much

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Jun 20th. The aggregated short interest is USD362m.</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 Sime Darby, Dialog, Top Glove, Ytl.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jun 20th. The aggregated short interest is USD362m.
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 Sime Darby, Dialog, Top Glove, Ytl.


Bursa Short Interest Weekly (Jun 20th): Sime Darby, Dialog, Top Glove, Ytl

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of May 23rd. The aggregated short interest is USD344m.</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 Petronas Chemicals, Top Glove, Genting Malaysia, Gamuda, Tenaga Nasional.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of May 23rd. The aggregated short interest is USD344m.
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 Petronas Chemicals, Top Glove, Genting Malaysia, Gamuda, Tenaga Nasional.


Bursa Short Interest Weekly (May 23rd): Petronas Chemicals, Top Glove, Genting Malaysia, Gamuda

Malaysia

Tenaga Nasional Berhad transmits, distributes, and sells electricity under license issued by the Director General of Electricity Supply. Through its subsidiaries, the Company manufactures, sells and repairs transformers and switchgears. Tenaga Nasional also provides project management and consultancy, engineering works and energy project development services.

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Tenaga Nasional (TNB MK)

Bursa Short Interest Weekly (Jul 11th): Ytl, Nationgate Holdings Berhad, Ytl Power International

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Ytl, Nationgate Holdings Berhad, Ytl...

Ke Yan, CFA, FRM

ECM Weekly (7 July 2025) - IFBH, HDB, Anjoy, FWD, Lens, Fortior, NTT DC, Daehan, Kanzhun, Nykaa, NH

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

Tenaga Nasional Placement - Has Sold Before but past Deals Haven’t Done Much

Khazanah is looking to raise up to US$300m via selling 1.5% of Tenaga Nasional (TNB MK). In this note, we talk about the deal dynamics.

Sumeet Singh

Bursa Short Interest Weekly (Jun 20th): Sime Darby, Dialog, Top Glove, Ytl

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Sime Darby, Dialog, Top Glove, Ytl.

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (May 23rd): Petronas Chemicals, Top Glove, Genting Malaysia, Gamuda

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Petronas Chemicals, Top Glove, Genting...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)