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 Jul 21st (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 BHP, ANZ, Endeavour, South32, Mineral Resource, Igo, Woodside Energy, Northern Star Re, Whitehaven Coal.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jul 21st (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 BHP, ANZ, Endeavour, South32, Mineral Resource, Igo, Woodside Energy, Northern Star Re, Whitehaven Coal.


ASX Short Interest Weekly (Jul 21st): BHP, ANZ, Endeavour, South32, Mineral Resource, Igo, Woodside

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<ul>
<li>Bankruptcy data through May suggests that credit metrics are worsening dramatically</li>
<li>Australia's banks report on an interim basis, providing only trading updates quarterly</li>
<li>There are very specific concerns with worsening credit metrics for Suncorp and ANZ</li>
</ul>


Bankruptcy data through May suggests that credit metrics are worsening dramatically
Australia's banks report on an interim basis, providing only trading updates quarterly
There are very specific concerns with worsening credit metrics for Suncorp and ANZ


Australian Banks - High Frequency Data Suggests Major Deterioration Not Yet Visible In Interims

<ul>
<li>ACCC issued a new letter asking ANZ for 2 more weeks, for its decision to takeover Suncorp</li>
<li>ACCC appears to be taking seriously the Stark Report which is very much against takeover</li>
<li>Specifically, the ACCC indicates it needs more time to review ANZ's rebuttal to the report </li>
</ul>


ACCC issued a new letter asking ANZ for 2 more weeks, for its decision to takeover Suncorp
ACCC appears to be taking seriously the Stark Report which is very much against takeover
Specifically, the ACCC indicates it needs more time to review ANZ's rebuttal to the report 


ANZ/Suncorp - Another ACCC Deal Delay, Increasingly Seems Like It Will Not Get Approval

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jul 14th (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 Fortescue Metals, BHP, Lynas Rare Earth, Suncorp, Woolworths.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jul 14th (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 Fortescue Metals, BHP, Lynas Rare Earth, Suncorp, Woolworths.


ASX Short Interest Weekly (Jul 14th): Fortescue Metals, BHP, Lynas Rare Earth, Suncorp, Woolworths

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jul 7th (reported today) which has an aggregated short interest worth USD15.7bn.</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 Lynas Rare Earth, Northern Star Re, Iluka Resources, Worley, Csl, ANZ, Aurizon.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jul 7th (reported today) which has an aggregated short interest worth USD15.7bn.
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 Lynas Rare Earth, Northern Star Re, Iluka Resources, Worley, Csl, ANZ, Aurizon.


ASX Short Interest Weekly (Jul 7th): Lynas Rare Earth, Northern Star Re, Iluka Resources, Worley

Australia

Westpac Banking Corporation offers general and savings banking services.  The Company provides investment portfolio management and advice, insurance services,  consumer finance, and money market services among other services.  Westpac Banking Corp. serves individuals, businesses, and corporations worldwide.

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Westpac Banking Corp Sp Adr (WBK US)

ASX Short Interest Weekly (Jul 21st): BHP, ANZ, Endeavour, South32, Mineral Resource, Igo, Woodside

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, ANZ, Endeavour, South32, Mineral Resource,...

Ke Yan, CFA, FRM

Australian Banks - High Frequency Data Suggests Major Deterioration Not Yet Visible In Interims

High frequency data in Australia may be more valuable than many other regions, since banks only report on an interim basis. The data is not good,...

Daniel Tabbush

ANZ/Suncorp - Another ACCC Deal Delay, Increasingly Seems Like It Will Not Get Approval

Further delay by ACCC in its consideration for the ANZ takeover of Suncorp, appears to rest on Stark report, showing how there would be significant...

Daniel Tabbush

ASX Short Interest Weekly (Jul 14th): Fortescue Metals, BHP, Lynas Rare Earth, Suncorp, Woolworths

We analyzed ASX short interest report for the past week and highlight short interest changes in Fortescue Metals, BHP, Lynas Rare Earth, Suncorp,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Jul 7th): Lynas Rare Earth, Northern Star Re, Iluka Resources, Worley

We analyzed ASX short interest report for the past week and highlight short interest changes in Lynas Rare Earth, Northern Star Re, Iluka...

Ke Yan, CFA, FRM

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