Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>After the <a href="https://www.smartkarma.com/entities/blackmores-ltd" target="_blank" data-smartkarma-citation="entities:928:1" rel="noopener">Blackmores Ltd (BKL AU)</a> Scheme Meeting result was announced earlier today, post-close the S&amp;P/ASX team announced <a href="https://www.smartkarma.com/entities/ventia-services-group" target="_blank" data-smartkarma-citation="entities:34917:1" rel="noopener">Ventia (VNT AU)</a> would replace it on 21 July at the close.</li>
<li>This is not that surprising. <a href="https://www.smartkarma.com/profiles/janaghan-jeyakumar-cfa" target="_blank" data-smartkarma-citation="accounts:3173" rel="noopener">Janaghan Jeyakumar, CFA</a> expected it in June, and it was a super-close second recently for him for the Sep rebalance. </li>
<li>Given the shareholder structure and flow dynamics, it's worth taking a closer look.</li>
</ul>


After the Blackmores Ltd (BKL AU) Scheme Meeting result was announced earlier today, post-close the S&amp;P/ASX team announced Ventia (VNT AU) would replace it on 21 July at the close.
This is not that surprising. Janaghan Jeyakumar, CFA expected it in June, and it was a super-close second recently for him for the Sep rebalance. 
Given the shareholder structure and flow dynamics, it's worth taking a closer look.


Ventia Services (VNT) Selected to Join ASX 200 - Not A Surprise

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 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>We analyzed the changes in short interest of ASX Stocks as of May 12th (reported today) which has an aggregated short interest worth USD17.0bn.</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 Anz Group Holdin, Worley, Lynas Rare Earth, Macquarie, Bhp, Natl Aust Bank, Medibank Private, South32, Woolworths.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of May 12th (reported today) which has an aggregated short interest worth USD17.0bn.
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 Anz Group Holdin, Worley, Lynas Rare Earth, Macquarie, Bhp, Natl Aust Bank, Medibank Private, South32, Woolworths.


ASX Short Interest Weekly (May 12th): ANZ, Worley, Lynas, Macquarie, BHP, NAB, Medibank, South32

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

<ul>
<li>In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the June 2023 Rebalance.</li>
<li>
<a href="https://www.smartkarma.com/entities/ventia-services-group" target="_blank" data-smartkarma-citation="entities:34917:1" rel="noopener">Ventia (VNT AU)</a> has appeared as a "surprise" potential addition to the ASX 200 index in June 2023 after recent block sales by top shareholders.</li>
<li>Including Ventia, we currently expect two ADDs and two DELs for the ASX 200 index in June 2023.</li>
</ul>


In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the June 2023 Rebalance.

Ventia (VNT AU) has appeared as a "surprise" potential addition to the ASX 200 index in June 2023 after recent block sales by top shareholders.
Including Ventia, we currently expect two ADDs and two DELs for the ASX 200 index in June 2023.


Quiddity Leaderboard ASX Jun 23: Two ASX 200 Changes Likely, Including Ventia Surprise

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/downer-edi-ltd" target="_blank" data-smartkarma-citation="entities:12350:1" rel="noopener">Downer EDI Ltd (DOW AU)</a> shares are battered on the back of two quick successive profit warnings, accounting restatements and dividend cuts.</li>
<li>A worrying deterioration in cash generation and an increase in leverage add to the nervousness. Management flux adds to the uncertainty and the chance of a third profit warning.</li>
<li>While Downer’s multiples are in line with peers, momentum is against it and there are question marks if the earnings have been flattered by the misuse of exceptional items.</li>
</ul>



Downer EDI Ltd (DOW AU) shares are battered on the back of two quick successive profit warnings, accounting restatements and dividend cuts.
A worrying deterioration in cash generation and an increase in leverage add to the nervousness. Management flux adds to the uncertainty and the chance of a third profit warning.
While Downer’s multiples are in line with peers, momentum is against it and there are question marks if the earnings have been flattered by the misuse of exceptional items.


Australia

Monadelphous Group Limited provides engineering and construction services to the resources and petrochemical industries. The Company provides mining and processing industry maintenance, mining equipment refurbishment, project management, construction, and airport ground handling services. Monadelphous Group serves customers in Australia.

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Monadelphous (MND AU)

Ventia Services (VNT) Selected to Join ASX 200 - Not A Surprise

Ventia (VNT AU) was chosen to join the S&P ASX 200 on Friday's close, replacing Blackmores. It was not that much of a surprise. There have been...

Travis Lundy

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

ASX Short Interest Weekly (May 12th): ANZ, Worley, Lynas, Macquarie, BHP, NAB, Medibank, South32

We analyzed ASX short interest report for the past week and highlight short interest changes in ANZ, Worley, Lynas, Macquarie, BHP, NAB, Medibank,...

Ke Yan, CFA, FRM

Quiddity Leaderboard ASX Jun 23: Two ASX 200 Changes Likely, Including Ventia Surprise

I would be LONG Ventia - SHORT Monadelphous & WorleyParsons because Ventia's ASX 200 inclusion could surprise some investors and I believe there is...

Janaghan Jeyakumar, CFA

Downer EDI (DOW AU): Down or Out

While Downer’s multiples are in line with peers, momentum is against it and there are question marks if the earnings have been flattered by the...

Arun George

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52-week Range

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