Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

<ul>
<li>There could be 2 changes to the ASX100 and ASX200 prior to the March rebalance due to the acquisitions of <a href="https://www.smartkarma.com/entities/ausnet-services" target="_blank" data-smartkarma-citation="entities:10293:1" rel="noopener">Ausnet Services (AST AU)</a> and <a href="https://www.smartkarma.com/entities/sydney-airport" target="_blank" data-smartkarma-citation="entities:19063:1" rel="noopener">Sydney Airport (SYD AU)</a>. </li>
<li>There will also be the large <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group (BHP AU)</a> upweight and funding trade following unification, and possibly the <a href="https://www.smartkarma.com/entities/afterpay-limited" target="_blank" data-smartkarma-citation="entities:26940:1" rel="noopener">Afterpay Touch (APT AU)</a> acquisition by <a href="https://www.smartkarma.com/entities/square-inc" target="_blank" data-smartkarma-citation="entities:23755:1" rel="noopener">Square Inc (SQ US)</a>. </li>
<li>Then there will be more changes to the ASX200 and ASX300 at the March rebalance. There could be a lot of new listings included in the ASX300.</li>
</ul>


There could be 2 changes to the ASX100 and ASX200 prior to the March rebalance due to the acquisitions of Ausnet Services (AST AU) and Sydney Airport (SYD AU). 
There will also be the large BHP Group (BHP AU) upweight and funding trade following unification, and possibly the Afterpay Touch (APT AU) acquisition by Square Inc (SQ US). 
Then there will be more changes to the ASX200 and ASX300 at the March rebalance. There could be a lot of new listings included in the ASX300.


ASX100/​200/300 Index Rebalance Preview (March 2022): A Lot Happening From Now to March

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>Australian gold-mining companies <a href="https://www.smartkarma.com/entities/bardoc-gold-ltd" target="_blank" data-smartkarma-citation="entities:4833:1" rel="noopener">Bardoc Gold (BDC AU)</a> and <a href="https://www.smartkarma.com/entities/st-barbara-ltd" target="_blank" data-smartkarma-citation="entities:3764:1" rel="noopener">St Barbara Ltd (SBM AU)</a> signed a Scheme Implementation Deed according to which SBM will acquire 100% of BDC. </li>
<li>This will be an all-scrip Deal where BDC shareholders will receive 0.3604 new shares of SBM per BDC share. </li>
<li>Below is a look at the details of this Transaction and the likelihood of Deal Completion.</li>
</ul>


Australian gold-mining companies Bardoc Gold (BDC AU) and St Barbara Ltd (SBM AU) signed a Scheme Implementation Deed according to which SBM will acquire 100% of BDC. 
This will be an all-scrip Deal where BDC shareholders will receive 0.3604 new shares of SBM per BDC share. 
Below is a look at the details of this Transaction and the likelihood of Deal Completion.


Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

Global markets have deteriorated considerably over the past couple weeks. The MSCI EM index has decisively broken down below the 60,000 major support level we identified as support, and the MSCI ACWI ETF has broken below its 200-day MA, leading us to believe additional consolidation is likely.

Global markets have deteriorated considerably over the past couple weeks. The MSCI EM index has decisively broken down below the 60,000 major support level we identified as support, and the MSCI ACWI ETF has broken below its 200-day MA, leading us to believe additional consolidation is likely. 

EM and ACWI Showing Decisive Breakdowns - Metals & Miners Still Attractive

We believe the secular mobile payments theme has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for actionable stocks. We reiterate our overweight metals and mining.. see pages 5 and 9-12 for actionable stocks. Though lagging across many global markets, Utilities are particularly attractive in Europe and Japan... see pages 6 and 13-17 for actionable stocks.

We believe the secular mobile payments theme has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for actionable stocks. We reiterate our overweight metals and mining.. see pages 5 and 9-12 for actionable stocks. Though lagging across many global markets, Utilities are particularly attractive in Europe and Japan... see pages 6 and 13-17 for actionable stocks.

Global Strategy: Opportunities Within Mobile Payments, Metals & Mining, and Utilities

Global Special Situations & Strategy, SR Services Ltd

David Lepper

Global Special Situations & Strategy

SR Services Ltd

SR Services provides Strategic Knowledge and Solutions services for Family Offices and Corporate Business. 

We deliver this via advisory services, strategic planning, opportunity analysis/sourcing, as well as solution implementation. 

Whilst, we create intellectual discipline and operational leverage for your projects or daily activities, our ultimate objective is to empower whilst enhancing your decision making. 

Strategic Knowledge and Solutions

Thematic (Sector/Industry)

<ul class=""><li>Cash is king and driving earnings, allowing shareholders to be rewarded through dividends or buy-backs.</li><li>Buyer beware: Often underlying factors for a stock’s performance may not be fundamentally obvious in an alpha momentum screens. With an elevated risk of Market cap bias appearing in these screens, stock picking is key to successfully identifying potential performers.</li><li>Out of the stocks identified, the average Price to FCF yield was 22% or a multiple of 4.5x. Our Top 6 are: Retail Partners, Taelwang Industrial, Yangtze Optical Fibre &amp; Cable, Poly Property, SFA Engineering and St Barbara Mines.</li><li>Stocks that came close, but were rejected had either low daily turnover, wide bid-ask spreads or un-favourable style and stock ranks. Their average Price to FCF yield was c13%. The Top 3 were: Time Watch Investments, Okinawa Cellular Telephone Co, and Oriental Union Chemical.</li></ul>

Cash is king and driving earnings, allowing shareholders to be rewarded through dividends or buy-backs.Buyer beware: Often underlying factors for a stock’s performance may not be fundamentally obvious in an alpha momentum screens. With an elevated risk of Market cap bias appearing in these screens, stock picking is key to successfully identifying potential performers.Out of the stocks identified, the average Price to FCF yield was 22% or a multiple of 4.5x. Our Top 6 are: Retail Partners, Taelwang Industrial, Yangtze Optical Fibre &amp; Cable, Poly Property, SFA Engineering and St Barbara Mines.Stocks that came close, but were rejected had either low daily turnover, wide bid-ask spreads or un-favourable style and stock ranks. Their average Price to FCF yield was c13%. The Top 3 were: Time Watch Investments, Okinawa Cellular Telephone Co, and Oriental Union Chemical.

Notes from the Silk Road: Australia & Developed Asia - Small-Mid Cap Free Cashflow Screening

Australia

St. Barbara Limited is a gold exploration and production company.  The Company's exploration projects include its Southern Cross and Leonora Operations which are located in Western Australia.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

St Barbara Ltd (SBM AU)

ASX100/200/300 Index Rebalance Preview (March 2022): A Lot Happening From Now to March

There will be many changes to the ASX100/200/300 indices from now to March due to M&A activity & price moves. Plus a large funding trade following...

Brian Freitas

Bardoc Gold - St Barbara Merger:

Bardoc Gold conducted a strategic review and ended up deciding a proposal from 'neighbor' SBM was the best way to go. We have an agreed SID with...

Janaghan Jeyakumar, CFA

EM and ACWI Showing Decisive Breakdowns - Metals & Miners Still Attractive

Global markets have deteriorated considerably over the past couple weeks. The MSCI EM index has decisively broken down below the 60,000 major...

Vermilion Research

Global Strategy: Opportunities Within Mobile Payments, Metals & Mining, and Utilities

We believe the secular mobile payments theme has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for...

Vermilion Research

Notes from the Silk Road: Australia & Developed Asia - Small-Mid Cap Free Cashflow Screening

Cash is king and driving earnings, allowing shareholders to be rewarded through dividends or buy-backs. Buyer beware: Often underlying factors...

David Lepper

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX100/​200/300 Index Rebalance Preview (March 2022): A Lot Happening From Now to March

There will be many changes to the ASX100/200/300 indices from now to March due to M&A activity & price moves. Plus a large funding trade following...

Brian Freitas

Bardoc Gold - St Barbara Merger:

Bardoc Gold conducted a strategic review and ended up deciding a proposal from 'neighbor' SBM was the best way to go. We have an agreed SID with...

Janaghan Jeyakumar, CFA

EM and ACWI Showing Decisive Breakdowns - Metals & Miners Still Attractive

Global markets have deteriorated considerably over the past couple weeks. The MSCI EM index has decisively broken down below the 60,000 major...

Vermilion Research

Global Strategy: Opportunities Within Mobile Payments, Metals & Mining, and Utilities

We believe the secular mobile payments theme has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for...

Vermilion Research

Notes from the Silk Road: Australia & Developed Asia - Small-Mid Cap Free Cashflow Screening

Cash is king and driving earnings, allowing shareholders to be rewarded through dividends or buy-backs. Buyer beware: Often underlying factors...

David Lepper

ASX100/200/300 Index Rebalance Preview (March 2022): A Lot Happening From Now to March