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 19th (reported today) which has an aggregated short interest worth USD20.2bn.</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 Fortescue, Bluescope Steel, Brambles.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jul 19th (reported today) which has an aggregated short interest worth USD20.2bn.
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 Fortescue, Bluescope Steel, Brambles.


ASX Short Interest Weekly (Jul 19th): Fortescue, Bluescope Steel, Brambles

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>General merchandise retailer <strong><a href="https://www.smartkarma.com/entities/warehouse-group-limited-the" target="_blank" data-smartkarma-citation="entities:1721:1" rel="noopener">Warehouse Group Limited (WHS NZ)</a></strong> (TWG) has <a href="https://www.nzx.com/announcements/434820" target="_blank" rel="noopener">announced</a> it has received an approach from Stephen Tindall and PE outfit, Adamantem Capital Partners</li>
<li>Founder and major shareholder Tindall holds a shade over 50%. He launched a $1.6bn privatisation attempt in 2006, but Foodstuffs and <strong><a href="https://www.smartkarma.com/entities/woolworths-ltd" target="_blank" data-smartkarma-citation="entities:500:1" rel="noopener">Woolworths Ltd (WOW AU)</a></strong> effectively blocked the Offer.</li>
<li>The approach arrives after TWG's shares trade around multi-year lows. </li>
</ul>


General merchandise retailer Warehouse Group Limited (WHS NZ) (TWG) has announced it has received an approach from Stephen Tindall and PE outfit, Adamantem Capital Partners
Founder and major shareholder Tindall holds a shade over 50%. He launched a $1.6bn privatisation attempt in 2006, but Foodstuffs and Woolworths Ltd (WOW AU) effectively blocked the Offer.
The approach arrives after TWG's shares trade around multi-year lows. 


The Warehouse Group (WHS NZ): Tindall (Potentially) Reloads

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Jun 14th (reported today) which has an aggregated short interest worth USD19.3bn.</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, Champion Iron, Woolworths.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Jun 14th (reported today) which has an aggregated short interest worth USD19.3bn.
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, Champion Iron, Woolworths.


ASX Short Interest Weekly (Jun 14th): BHP, Champion Iron, Woolworths

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of May 10th (reported today) which has an aggregated short interest worth USD20.0bn.</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, Seven, South32, NAB, Telstra, Woolworths, Origin Energy, Xero.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 10th (reported today) which has an aggregated short interest worth USD20.0bn.
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, Seven, South32, NAB, Telstra, Woolworths, Origin Energy, Xero.


ASX Short Interest Weekly (May 10th): BHP, ANZ, Seven, South32, NAB, Telstra, Woolworths

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

Equity Capital Markets

Endeavour Group /Australia / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/woolworths-ltd" target="_blank" data-smartkarma-citation="entities:500:1" rel="noopener">Woolworths Ltd (WOW AU)</a> is looking to raise A$468m (US$305m) from selling its stake in <a href="https://www.smartkarma.com/entities/endeavour-group-ltd-australia" target="_blank" data-smartkarma-citation="entities:33512:1" rel="noopener">Endeavour Group /Australia (EDV AU)</a>.</li>
<li>Endeavour Group was demerged from Woolworths in Jun 2021 and it runs the drinks and hospitality business of Woolworths.</li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>



Woolworths Ltd (WOW AU) is looking to raise A$468m (US$305m) from selling its stake in Endeavour Group /Australia (EDV AU).
Endeavour Group was demerged from Woolworths in Jun 2021 and it runs the drinks and hospitality business of Woolworths.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Endeavour Group Placement - While There Is an Overhang, Selldown Now Appears Well Flagged

Australia

Woolworths Limited operates supermarkets, specialty and discount department stores, liquor and electronics stores throughout Australia.  Woolworths also manufactures processed foods, exports and wholesales food and offers petrol retailing.  The Company also operates hotels which includes pubs, food, accommodation, and gaming operations.

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Woolworths Ltd (WOW AU)

ASX Short Interest Weekly (Jul 19th): Fortescue, Bluescope Steel, Brambles

We analyzed ASX short interest report for the past week and highlight short interest changes in Fortescue, Bluescope Steel, Brambles.

Ke Yan, CFA, FRM

The Warehouse Group (WHS NZ): Tindall (Potentially) Reloads

Although there is no firm Offer on the table; given where shares are trading, and interest is apparent from the major shareholder, I'd look to get...

David Blennerhassett

ASX Short Interest Weekly (Jun 14th): BHP, Champion Iron, Woolworths

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, Champion Iron, Woolworths.

Ke Yan, CFA, FRM

ASX Short Interest Weekly (May 10th): BHP, ANZ, Seven, South32, NAB, Telstra, Woolworths

We analyzed ASX short interest report for the past week and highlight short interest changes in BHP, ANZ, Seven, South32, NAB, Telstra, Woolworths,...

Ke Yan, CFA, FRM

Endeavour Group Placement - While There Is an Overhang, Selldown Now Appears Well Flagged

Woolworths Ltd (WOW AU) is looking to raise A$468m (US$305m) from selling its stake in Endeavour Group /Australia (EDV AU).

Clarence Chu

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