Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>There will be nine ADDs for the June 2026 rebal event. We predicted five correctly (we thought 6 ADDs) and the other four were very close to the border.</li>
<li>We expect one-way flow of US$1.4bn and a turnover of 5% in June 2026. We see each ADD having US$100mm+ to trade.</li>
<li>
<a href="https://www.smartkarma.com/entities/regis-resources-ltd" target="_blank" data-smartkarma-citation="entities:20106:1" rel="noopener">Regis Resources (RRL AU)</a> and <a href="https://www.smartkarma.com/entities/vault-minerals-ltd" target="_blank" data-smartkarma-citation="entities:46317:1" rel="noopener">Vault Minerals Ltd (VAU AU)</a> will be index members during their expected merger in late August/early September.</li>
</ul>


There will be nine ADDs for the June 2026 rebal event. We predicted five correctly (we thought 6 ADDs) and the other four were very close to the border.
We expect one-way flow of US$1.4bn and a turnover of 5% in June 2026. We see each ADD having US$100mm+ to trade.

Regis Resources (RRL AU) and Vault Minerals Ltd (VAU AU) will be index members during their expected merger in late August/early September.


[Quiddity Index] MV Global Gold Miners Jun26 Rebal Results: Nine ADDs; US$1.4bn One-Way

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>HSI weakness was tempered by a late-week rally, but market moving news kept single stock activity in focus.</li>
<li>Call trading continued to account for a large share of overall activity, with volume concentrated in the early part of the week.</li>
<li>Index and single stock implied vols continued to diverge, leaving average single stock vols looking elevated by comparison.</li>
</ul>


HSI weakness was tempered by a late-week rally, but market moving news kept single stock activity in focus.
Call trading continued to account for a large share of overall activity, with volume concentrated in the early part of the week.
Index and single stock implied vols continued to diverge, leaving average single stock vols looking elevated by comparison.


Hong Kong Single Stock Options Weekly June 08–12: Financials Lead, Vols Diverge, SPCX Debuts

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

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

Merdeka Gold Resources / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/merdeka-gold-resources-tbk-pt" target="_blank" data-smartkarma-citation="entities:45816:1" rel="noopener">Merdeka Gold Resources (EMAS IJ)</a> is looking to raise up to US$700m in its upcoming Hong Kong IPO.</li>
<li>Positioned among the top pure-play gold producers in Asia, anchored by its flagship Pani Gold Mine located in Indonesia. </li>
<li>In this note, we look at the firm's PHIP updates and valuation. </li>
</ul>



Merdeka Gold Resources (EMAS IJ) is looking to raise up to US$700m in its upcoming Hong Kong IPO.
Positioned among the top pure-play gold producers in Asia, anchored by its flagship Pani Gold Mine located in Indonesia. 
In this note, we look at the firm's PHIP updates and valuation. 


Aequitas: Merdeka Gold Pre-IPO - PHIP Update and Valuation

Co-Founder & CEO, Newmark Risk

Nicholas Pezolano

Co-Founder & CEO

Option analytics for institutional investors

Newmark Risk

Fin-tech company focused on providing option derived analytics for institutional investors.

We handle the complexity of options data so you don't have to.

- Data and Analytics available all in one place so you can focus on Strategy Development
- Custom Solutions for your data and/or portfolio needs
- Advisory services to lend our expertise

Knowledge is something that was meant to be shared and we provide insights to our clients and to the community via posting about our research findings.

Hua Hong Semiconductor / Equity Derivatives

<ul>
<li>Top Hong Kong Stock Exchange listed covered call candidates for the month of June.</li>
<li>The top 10 provide an average ~6.02% premium with a potential ~7.06% upside P&amp;L if exercised.</li>
<li>Investors with a neutral 1-month view on the underlying can seek to generate income.</li>
</ul>


Top Hong Kong Stock Exchange listed covered call candidates for the month of June.
The top 10 provide an average ~6.02% premium with a potential ~7.06% upside P&amp;L if exercised.
Investors with a neutral 1-month view on the underlying can seek to generate income.


EQD | Hong Kong June 2026 Monthly Covered Call Report

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.

Dajin Heavy Industry / Equity Capital Markets

<ul>
<li>Dajin Heavy, a China-based offshore wind equipment manufacturer, launched its IPO to raise USD 737m through an A+H listing.</li>
<li>In this note, we look at the deal terms and provide our thoughts on the valuation for the company.</li>
<li>We analyze reference cornerstone and sponsor performance and assess the risk-reward of the deal.</li>
</ul>


Dajin Heavy, a China-based offshore wind equipment manufacturer, launched its IPO to raise USD 737m through an A+H listing.
In this note, we look at the deal terms and provide our thoughts on the valuation for the company.
We analyze reference cornerstone and sponsor performance and assess the risk-reward of the deal.


Dajin Heavy Industry (大金重工) A+H IPO: Analysis of Deal Terms

Hong Kong

Zijin Gold International Company Limited is a Hong Kong-based subsidiary of Zijin Mining Group, primarily engaged in the exploration, mining, processing, and sale of gold and other mineral resources. Its main products include gold bullion, gold alloy, and gold concentrate, with a focus on developing high-quality global gold assets. The company was incorporated in 2007 and is headquartered in Hong Kong.

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Zijin Gold International (2259 HK)

[Quiddity Index] MV Global Gold Miners Jun26 Rebal Results: Nine ADDs; US$1.4bn One-Way

MV Global Gold saw a lot more adds than we expected (we saw 6 but we're getting 9). Some of the names have significant flows to buy on an ADV basis.

Travis Lundy

Hong Kong Single Stock Options Weekly June 08–12: Financials Lead, Vols Diverge, SPCX Debuts

A late HSI rally softened the weekly decline, but single stock option activity remained focused on Calls, Alibaba headlines and rising single stock...

John Ley

Aequitas: Merdeka Gold Pre-IPO - PHIP Update and Valuation

Merdeka Gold is looking to raise up to US$700m in its upcoming Hong Kong IPO. In this note, we look at the firm's PHIP updates and valuation

Nicholas Tan

EQD | Hong Kong June 2026 Monthly Covered Call Report

June's top HKEX covered call candidates offer a 6.02% premium and 7.06% potential upside if exercised, ideal for investors with a neutral outlook...

Nicholas Pezolano

Dajin Heavy Industry (大金重工) A+H IPO: Analysis of Deal Terms

Dajin Heavy Industry is seeking to raise at least USD 100m in an A+H listing. In this note, we look at the company's business, its industry context...

Ke Yan, CFA, FRM

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[Quiddity Index] MV Global Gold Miners Jun26 Rebal Results: Nine ADDs; US$1.4bn One-Way

MV Global Gold saw a lot more adds than we expected (we saw 6 but we're getting 9). Some of the names have significant flows to buy on an ADV basis.

Travis Lundy

Hong Kong Single Stock Options Weekly June 08–12: Financials Lead, Vols Diverge, SPCX Debuts

A late HSI rally softened the weekly decline, but single stock option activity remained focused on Calls, Alibaba headlines and rising single stock...

John Ley

Aequitas: Merdeka Gold Pre-IPO - PHIP Update and Valuation

Merdeka Gold is looking to raise up to US$700m in its upcoming Hong Kong IPO. In this note, we look at the firm's PHIP updates and valuation

Nicholas Tan

EQD | Hong Kong June 2026 Monthly Covered Call Report

​June's top HKEX covered call candidates offer a 6.02% premium and 7.06% potential upside if exercised, ideal for investors with a neutral outlook...

Nicholas Pezolano

Dajin Heavy Industry (大金重工) A+H IPO: Analysis of Deal Terms

Dajin Heavy Industry is seeking to raise at least USD 100m in an A+H listing. In this note, we look at the company's business, its industry context...

Ke Yan, CFA, FRM

June's top HKEX covered call candidates offer a 6.02% premium and 7.06% potential upside if exercised, ideal for investors with a neutral outlook...