Daily Brief Australia: Northern Star Resources, Temple & Webster Group Ltd, Westpac Banking and more

In today’s briefing:

Aussie Shorts [5th Oct 2026]: Wesfarmers , Northern Star Res., Pinnacle Investment, Alcoa, Lynas
Temple & Webster Group Ltd – Joyce Corp’s Capital Light Growth In Focus
Australia: Relative Value Opportunities and Pair Trades (12 Oct 2026)

Aussie Shorts [5th Oct 2026]: Wesfarmers , Northern Star Res., Pinnacle Investment, Alcoa, Lynas

Australia’s ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 5th October, published on the 9th October.
The largest industry net increase in the past week was A$0.7bn into “Metals & Mining”; the largest industry net decrease was A$0.03bn out of “Coal”. Net shorts increased A$2.5bn week-on-week.
Companies mentioned in this regular weekly report include: Wesfarmers (WES AU), Northern Star Resources (NST AU), Pinnacle Investment Management (PNI AU), Alcoa Corporation (AAI AU), and Lynas Corp (LYC AU).

Combining resilient trading, a capital-light business model and an attractive dividend yield, Joyce Corp also offers a long growth runway.
Joyce’s capital light business model provides strong cash flows Minimal maintenance capex leaves room for dividends Expansion potential at KWB Group, the main growth engine Exposed to housing activity and consumer sentiment

Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.
Highlights: In Australia, currently two pair trade opportunities persist across two sectors.
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.

💡 Before it’s here, it’s on Smartkarma

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network