Research index
ASX research
Durable archives for company coverage, sectors, and investment themes. Each hub links the dated editions that belong to it.
14 editions published since the archive reset.
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- 30 June 2026Zip's two-day rally prices a US turnaround before credit costs have finished their sayZip Co (ASX:ZIP) rallied again as payments risk came back into favour; the question is whether US cash profit can outrun credit costs.
- 30 June 2026Liontown's lithium selloff puts Kathleen's ramp-up before the price cycleLiontown (ASX:LTR) fell with lithium names despite a stronger March quarter; the question is whether price beta is drowning out ramp-up evidence.
- 29 June 2026Transurban's North America update puts toll growth against rate riskTransurban (ASX:TCL) fell 4.4% after a North America update. We test whether traffic-linked toll growth offsets debt, capex and project risk.
- 29 June 2026Neuren's European Daybue jump puts one-drug royalties ahead of the pipelineNeuren (ASX:NEU) jumped after Daybue won an EU approval positive opinion; the question is how much royalty duration the tape just capitalised.
- 26 June 2026a2 Milk's A$300m payout rides China-label registrations, not a birth-rate turna2 Milk (ASX:A2M) is paying out A$300m on the back of China-label registrations, not a birth-rate turn — can share gains outrun a shrinking market?
- 26 June 2026Northern Star tracks bullion higher but the market still won't pay for record gold marginsNorthern Star (ASX:NST) is riding record gold prices, yet the market still won't pay for the margins. We test whether KCGM and Hemi can convert bullion into cash.
- 25 June 2026Worley's A$110m FY26 hit is timing and currency; the tape priced a structural resetWorley (ASX:WOR) took an A$110m hit from timing and currency, but the tape priced a structural reset — do delayed Middle East awards convert to backlog?
- 25 June 2026Judo's credit reset turns a growth-bank story into a cost-of-risk argumentJudo Bank's credit downgrade erased about 40% of ASX:JDO. We test whether three bad loans are idiosyncratic or a structural cost-of-risk reset.
- 24 June 2026Pro Medicus's contract wins are real; its 160-times multiple is the wagerPro Medicus (ASX:PME) keeps winning marquee US imaging contracts, but a ~160x multiple is the real wager. We test whether 20%+ growth can outrun the valuation.
- 24 June 2026Santos shed its takeover premium just as Barossa and Pikka come onlineSantos (ASX:STO) shed its takeover premium just as Barossa and Pikka come online. We test whether the ~30% production step-up converts to free cash as oil cools.
- 23 June 2026Woodside has surrendered most of its oil-war spike, leaving the LNG build to set the priceWoodside (ASX:WDS) has given back most of its oil-war price spike, leaving the Scarborough LNG build to set the story — does the growth bill convert to cash?
- 23 June 2026China's export blacklist re-rated Lynas from price-taker to strategic assetChina's rare-earth export blacklist re-rated Lynas (ASX:LYC) from price-taker to strategic asset. We test whether the NdPr premium and ex-China supply case hold.