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 May 2nd (reported today) which has an aggregated short interest worth USD26.3bn.</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 Westpac, Nextdc, Goodman, Asx, South32.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 2nd (reported today) which has an aggregated short interest worth USD26.3bn.
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 Westpac, Nextdc, Goodman, Asx, South32.


ASX Short Interest Weekly (May 2nd): Westpac, Nextdc, Goodman, Asx, South32

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

<ul><li>Minres board admitted to not disclosing related party transactions two years ago, a strike against the board</li><li>Bald Hill operations will go into care and maintenance, impacting 300 employees with some redeployment efforts</li><li>Decision to shut down due to cost-saving measures, with potential for quick restart if market conditions improve</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Minres board admitted to not disclosing related party transactions two years ago, a strike against the boardBald Hill operations will go into care and maintenance, impacting 300 employees with some redeployment effortsDecision to shut down due to cost-saving measures, with potential for quick restart if market conditions improveThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan</li><li> Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeited</li><li>Chair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatility</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeitedChair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatilityThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

MinRes Scandal to See Ellison Exit. Now What?

<ul><li>Neil Chenoweth wrote a detailed investigative piece on Min Res founder Chris Allison and former top executives, alleging a tax evasion scheme using shareholder funds.</li><li>The scheme involved buying machinery with inflated prices from a company named Far East Equipment Holdings in the British Virgin Islands.</li><li>Min Res stock dropped 13% in response to the article, with implications on leadership and governance of the company.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Neil Chenoweth wrote a detailed investigative piece on Min Res founder Chris Allison and former top executives, alleging a tax evasion scheme using shareholder funds.The scheme involved buying machinery with inflated prices from a company named Far East Equipment Holdings in the British Virgin Islands.Min Res stock dropped 13% in response to the article, with implications on leadership and governance of the company.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

What the Ellison allegations mean for MinRes

<ul><li>Minres reported full year results, leading to a 10% drop in share price and a 50% decline since May</li><li>Company's balance sheet is a concern due to exposure to the cyclical nature of the mining industry and risky investments in lithium</li><li>Analysts are nervous about the company's direction and future prospects, particularly with over $3 billion in capex invested in projects like Onslow</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Minres reported full year results, leading to a 10% drop in share price and a 50% decline since MayCompany's balance sheet is a concern due to exposure to the cyclical nature of the mining industry and risky investments in lithiumAnalysts are nervous about the company's direction and future prospects, particularly with over $3 billion in capex invested in projects like OnslowThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Australia

Mineral Resources Ltd. offers contract crushing services to the mining industry in Australia.  The Company serves gold, iron ore, tantalum, and coal companies.

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Mineral Resources (MIN AU)

ASX Short Interest Weekly (May 2nd): Westpac, Nextdc, Goodman, Asx, South32

We analyzed ASX short interest report for the past week and highlight short interest changes in Westpac, Nextdc, Goodman, Asx, South32.

Ke Yan, CFA, FRM

Another Lithium Mine Bites the Dust

Minres board admits to not disclosing related party transactions, Bald Hill shutdown impacts 300 employees with redundancies likely, plant...

Money of Mine

MinRes Scandal to See Ellison Exit. Now What?

Alison will remain as MD for up to 18 months, facing financial penalties and forfeiting unvested incentives, while the board undergoes a succession...

Money of Mine

What the Ellison allegations mean for MinRes

The article discusses a detailed investigation into Min Rez's questionable use of corporate funds, allegations of tax evasion through a transfer...

Money of Mine

How Low Will MinRes Go?

The summary highlights Minres' financial struggles, including a drop in share price, concerns about debt and balance sheet, and risky investments...

Money of Mine

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