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 Dec 1st (reported today) which has an aggregated short interest worth USD18.2bn.</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 Car, CSL, Brambles, Aristocrat Leisu, Wesfarmers, BHP, Xero, Agl Energy, ANZ.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Dec 1st (reported today) which has an aggregated short interest worth USD18.2bn.
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 Car, CSL, Brambles, Aristocrat Leisu, Wesfarmers, BHP, Xero, Agl Energy, ANZ.


ASX Short Interest Weekly (Dec 1st): Car, CSL, Brambles, Aristocrat Leisu, Wesfarmers, BHP, Xero

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Casino Business Review LLC

Extensive experience in marketing and development in the Asian gaming market

Global Gaming and Casinos Industry

Equity Bottom-Up

<ul>
<li>The gaming equipment and systems leader offers line of new Dragon themed slot machines for upcoming Year of the Dragon as spear point of expanded Asian goals.</li>
<li>Acquisition of Israel's NeoGames at US$1b follows failed bid last year to acquire Playtech. Move will strengthen digital footprint for sports betting and iLottery.</li>
<li>We have been bullish for five years on ALL as its shares have outperformed the market.</li>
</ul>


The gaming equipment and systems leader offers line of new Dragon themed slot machines for upcoming Year of the Dragon as spear point of expanded Asian goals.
Acquisition of Israel's NeoGames at US$1b follows failed bid last year to acquire Playtech. Move will strengthen digital footprint for sports betting and iLottery.
We have been bullish for five years on ALL as its shares have outperformed the market.


Aristocrat Leisure: Buy of NeoGames &  New Asian Focus Reinforces a Long Term Bullish Outlook

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of May 26th (reported today) which has an aggregated short interest worth USD15.9bn.</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 Westpac, Suncorp, Aristocrat Leisu, Megaport, BHP, Woodside Energy, Idp Education.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 26th (reported today) which has an aggregated short interest worth USD15.9bn.
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 Westpac, Suncorp, Aristocrat Leisu, Megaport, BHP, Woodside Energy, Idp Education.


ASX Short Interest Weekly (May 26th): Westpac, Suncorp, Aristocrat, Megaport, BHP, Woodside Energy

<ul>
<li>Australia's gaming equipment/systems giant is among the best poised to reward shareholders over the next 18 months as sector recovery speeds.</li>
<li>ALL's stock performance over the past 5 years amid 3 of covid headwinds has rewarded investors with ~a 62% total shareholder return--including dividends.</li>
<li>ALL is riding the front of the cashless gaming systems tech which can grow exponentially over the next 3 years in all key global jurisdictions, Asia, US and EU.</li>
</ul>


Australia's gaming equipment/systems giant is among the best poised to reward shareholders over the next 18 months as sector recovery speeds.
ALL's stock performance over the past 5 years amid 3 of covid headwinds has rewarded investors with ~a 62% total shareholder return--including dividends.
ALL is riding the front of the cashless gaming systems tech which can grow exponentially over the next 3 years in all key global jurisdictions, Asia, US and EU.


Aristocrat Leisure: Amid Global Uncertainties, the Company Combines Safety and Growth in Gaming Tech

<ul>
<li>We have been bullish on the prospects of the Aussie gaming tech maker's real world valuation in the light of its outstanding performance.</li>
<li>The company's relatively low institutional holding profile suggests its visibility is limited.</li>
<li>WE put a one year PT on the stock at AUD$45 vs its current trade at AU$33 because it outperforms industry peers in ROE among other reasons.</li>
</ul>


We have been bullish on the prospects of the Aussie gaming tech maker's real world valuation in the light of its outstanding performance.
The company's relatively low institutional holding profile suggests its visibility is limited.
WE put a one year PT on the stock at AUD$45 vs its current trade at AU$33 because it outperforms industry peers in ROE among other reasons.


Aristocrat Leisure: Recent Dip in Last 90 Days Opens an Entry Point for This Uncut Gaming Tech Gem

Australia

Aristocrat Leisure Limited manufactures and sells gaming machines in Australia and internationally.  The Company also supplies gaming systems, software, table gaming equipment and other gaming related products and services to casinos, clubs and hotels.

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Aristocrat Leisure (ALL AU)

ASX Short Interest Weekly (Dec 1st): Car, CSL, Brambles, Aristocrat Leisu, Wesfarmers, BHP, Xero

We analyzed ASX short interest report for the past week and highlight short interest changes in Car, CSL, Brambles, Aristocrat Leisu, Wesfarmers,...

Ke Yan, CFA, FRM

Aristocrat Leisure: Buy of NeoGames & New Asian Focus Reinforces a Long Term Bullish Outlook

ALL is a leading gaming equipment and digital systems manufacturer. It has pivoted new marketing effort at Asia as well as acquiring a digital...

Howard J Klein

ASX Short Interest Weekly (May 26th): Westpac, Suncorp, Aristocrat, Megaport, BHP, Woodside Energy

We analyzed ASX short interest report for the past week and highlight short interest changes in Westpac, Suncorp, Aristocrat Leisu, Megaport, BHP,...

Ke Yan, CFA, FRM

Aristocrat Leisure: Amid Global Uncertainties, the Company Combines Safety and Growth in Gaming Tech

ALL shares have traded in a narrow siloed range for a year. It is now poised for a breakout post covid propelled by leading edge of cashless gaming...

Howard J Klein

Aristocrat Leisure: Recent Dip in Last 90 Days Opens an Entry Point for This Uncut Gaming Tech Gem

Aristocrat Leisure's gambling tech products and systems are pervasive and gaining ground. But the shares do not reflect this strong ROE growth.

Howard J Klein

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