APAC

Asia Pacific equity research

Explore the most viewed and latest equity research and media content we have for listed companies based in the Asia-Pacific region.

APAC Equity Research

Broker research, valuations, and analysis on Asia-Pacific stocks

27 Jun 17

Machinations

We recently hosted our annual Industrial Technology dinner with 14 companies, many of which are active in the materials science arena; having focused previously on composite materials in the aerospace sector, in this edition of Machinations we focus on graphene, with its unique and potentially game-changing qualities and potential applications. Investments in this area remain fairly early stage, but could potentially reap huge rewards. Graphene is well represented in the UK small-cap market by several players.

Companies: SIXH ACL AXS AMPH ALU AEP AVG CAPD CAR FENR FLO RAD GHH HDD HAYT IOF MPE RE/ RED RNO RBN SOM SCE TRT TRI VANL ZAM

21 Jul 16

Clean fuel for Europe and beyond

Berkeley Energia offers exposure to the exceptionally high quality Salamanca uranium project located in Spain. A Definitive Feasibility Study has been completed and initial infrastructure development has now started on the ground. This will be the only major new uranium project to start construction in the current uranium market, largely because of its expected low operating costs and low upfront capital requirements. We initiate coverage with an 113p price target and a Buy recommendation.

Companies: Berkeley Energia

27 Mar 17

The Joy of Techs

Enterprise-focused niche applications of tech illustrate how, while trends appear to be fluctuating away from the current poster children of fintech and the Internet of Things, in fact these developments are refining appropriate application of existing technologies.

Companies: 7DIG AMO ARTA BVC BOTB CTP CFHL ISL DTC DOTD ELCO ESV FDSA FDEV GBG IDEA IDOX IMTK IGP IOM KBT KCOM KWS LRM MAI MMX NASA NET ONEV PHD QTX QXT RCN 932 SSY SEE SIM SPE TAX TEP TPOP TRAK UNG VIP ZOO

28 Jul 17

Tailings

We are following Rio Tinto's recent lead in taking a look at the outlook for copper. Rio Tinto is currently allocating 61% of its global exploration budget (US$497m in 2016) to look for copper with 16 active large copper exploration projects in hand. We look at the major drivers and consider the outlook for three copper producers within our current coverage universe: Central Asia Metals, Atalaya Mining and Weatherly International.

Companies: APF ACP ATYM ASO BKY CAML FDI GEMD HZM PAF PDL SAV SHG WTI WLF

29 Jun 17

HomeSend looking ever more exciting

The focus is on the growing strength of the JV with Mastercard and BICS in the first 6 months of a 14-month period to December. At a headline level, sales in the core PayMobile mobile money business are down 30% on timing of pipeline conversion, seeing a H1 adj. EBITDA loss of A$6m despite significant cost cutting. This was exacerbated by A$4.3m exceptional trade debt/WiP impairment. Meanwhile, HomeSend delivered a A$1.9m loss in H1 as it begins a sales function expansion, transitioning from its setup stage to commercial rollout, signing major agreements with large banks and supporting Mastercard Send. The management team is clearly very excited by the ever-increasing prospects for this global payment network, emphasising an anticipated increase in value, even above previous hopes. However, the group’s H1 -A$6.1m FCF left a cash balance of just A$2.9m at 30 April (A$10.6m net debt) and to address this, a further A$4.2m (£2.5m) of debt has been secured from a major shareholder on the same terms as the existing facility, but with a covenant on net asset growth in H2.

Companies: ESERVGLOBAL

24 Jul 17

Berkeley Energia - Development of the Salamanca mine progressing well

09 Mar 17

Executive interview - Imugene

12 Jul 16

Talking Stock: Peak Asset Management’s Niv Dagan comments on markets and opportunities

10 Feb 17

Lithium Australia - 121 Mining Investment Cape Town 2017

13 Jul 15

Executive Interview - Cooks Global Foods

07 Jun 16

Talking Stock: Peak Asset Management’s Niv Dagan comments on markets and opportunities

26 Jul 17

Berkeley Energia - Analyst interview, WH Ireland

05 Jun 16

Bennelong Kardinia Absolute Return Fund performance update

12 Jul 17

Berkeley Energia - Key construction milestone delivery of primary crusher to site

22 May 16

(ASX:YPB) – Placement at 18.6% discount to Friday’s closing price at $0.24

07 Jul 16

Minomic develop a new non-invasive test for prostate cancer.

01 May 16

Minotaur identifies new targets near Prominent Hill

09 Dec 15

Are we heading into a global low return environment?

27 Apr 16

Northern Star's March 2016 Quarter Results

20 Jul 16

Northern Star's June 2016 Quarter Results

Latest Content

Antofagasta BHP Billiton

VSA Morning Miner

This Morning’s News Antofagasta (ANTO LN) BHP Billiton (BLT LN)

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16 Aug 17
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ELK Petroleum

Rockies CO2 EOR consolidation

Elk Petroleum (ELK) is an ASX-listed oil and gas producer and developer with a focus on enhanced oil recovery (EOR) from mature fields. The company’s current focus is on CO2 EOR projects in Wyoming, US, where it’s first EOR development project, Grieve, is due on stream in late 2017/ early 2018. Grieve, combined with the recent acquisition of a c 14% interest in the Madden gas field is due to turn ELK into a producer and material CO2 resource owner. We visited both Grieve and Madden in July 2017, which helped highlight a number of opportunities management is actively engaged in targeting. These include resource upside at both Grieve and Madden, numerous high IRR infrastructure optimisation opportunities and CO2 EOR opportunities in the vicinity of ELK’s operated assets. Our valuation of ELK reduces from A$0.11/share to A$0.09/share due to a reduction in Edison’s long term oil price assumption from $80/bbl (2022) to 70$/bbl.

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14 Aug 17
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ELK Petroleum

Rockies CO2 EOR consolidation

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14 Aug 17
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ADB MYSQ SSY TAVI RAD EKT NKTN LID EVRH BRD

Small Cap Breakfast

OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. Wilmcote Holdings plc—Sch1 from the Company established with the objective of creating value for its investors through the acquisition and subsequent development of target businesses in the downstream and specialty chemicals sector. Offer raising £15m at 120p with market cap of £25m. Expected 17 August 2017 Xpediator Plc—Sch 1 from the holding Company for an integrated freight management business operating in the supply chain logistics and fulfilment sector across the UK and Europe with a strong presence in Central and Eastern Europe. Offer details TBC, expected Admission early August 2017. Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 September 2017

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10 Aug 17
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PDZ IHG PETS

Breakfast Today

Prairie Mining (PDZ.L) | InterContinental Hotels Group (IHG.L) | Pets at Home Group (PETS.L)

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09 Aug 17
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GTE MUR WPL STL CNE

GMP FirstEnergy ― UK Energy morning research package

Gran Tierra Energy (GTE CN) 1,6; BUY, C$4.75: Gran Tierra announces 2017 capital program and production guidance | Murphy Oil (MUR US) (not covered): Oil discovery offshore Vietnam | Woodside Petroleum (WPL AU) (not covered): Flow test off Myanmar | Statoil (STL NO) (not covered) & OMV (OMV AG) (not covered): Non-commercial gas discovery in the Barents | Cairn Energy (CNE LN); BUY, £2.30: Drilling results at SNE-1 North |

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07 Aug 17
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Rio Tinto

VSA Morning Miner

Rio Tinto (RIO LN) has released strong results largely driven by higher commodity prices. Group revenue of US$19.9bn was up 22% YoY with iron ore revenue up 38% to US$8.8bn and aluminium revenue up 18% YoY to US$5.4bn. Indeed, it has been RIO’s higher exposure to the strong performance of aluminium prices which has driven the relative outperformance of the shares versus peers in the past few months.

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02 Aug 17
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Prairie Mining

In Poland coal is still king

In recent days Prairie Mining's share price has softened due to negative but inaccurate comments about its Jan Karski mine made in a letter written by Poland’s national geologist. The bureaucrat in question works at Poland’s Ministry of Environment. His comments first appeared on a web portal where seemingly ENEA, the Polish energy utility and 66% owners of neighbouring Bogdanka coal mine, pays for advertising and sponsored content.

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02 Aug 17
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AMC JAY CNR GAL MNC

SP Angel – Morning View

Amur Minerals* (AMC LN) – Record drill hole results at Kun Manie | BlueJay Mining* (JAY LN) – Further notes from the field trip to Pituffik | Condor Gold (CNR LN) – Completion of soil geochemistry survey at La India | Galantas Gold (GAL LN) – Grab samples at Omagh mine | Metminco* (MNC LN) – Miraflores feasibility study on track

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01 Aug 17
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OEX NOG PMO VOG

GMP FirstEnergy ― UK Energy morning research package

Oilex (OEX LN) (not covered): June 2017 quarterly report | Nostrum Oil & Gas (NOG LN)6 : BUY, £5.40; 1H17 Operational Update | Premier Oil (PMO LN): Speculative Buy, £1.00; Exploration and Development Update | Victoria Oil & Gas (VOG LN)1,6: BUY, £1.10; 2Q17 results in Cameroon

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