Broker Reports

ASX Equity Research Scheme | Receive Research Reports

Included Companies FY19 | Participating Research Providers FY19

Information for Listed Companies | Information for Research Providers


ASX Equity Research Scheme

The ASX Equity Research Scheme commenced in July 2012 and is designed to support the production of high-quality, independent research by ASX participants on under-covered, small-cap ASX-listed companies. Through this unique offering, ASX has been able to provide many listed companies with research coverage, many for the first time. In recent years the scheme has supported the research offering on over 100 ASX-listed companies per financial year.

ASX makes reports generated under the scheme available for free in the form of a weekly email bulletin.


Receive research reports

If you are interested in receiving copies of the research reports generated under the scheme, simply register your details via the online form. Once registered, you will receive an email on Friday afternoon with links to the reports received by ASX in the past week. 


Included Companies FY19

TGP 360 Capital Group JAN Janison Education group   SFC Schaffer 
TOT 360 Capital Total Return Fund KSC K & S Corporation SHM Shriro Holdings
AJL AJ Lucas Group KCN Kingsgate Consolidated  SIV Silver Chef 
ATL Apollo Tourism  KKT Konekt SLR Silver Lake Resources 
AVG Australian Vintage LAA Latam Auto SPZ Smart Parking
AXL Axsesstoday LNU Linius Technologies  SXE Southern Cross Electrical
BRL Bathurst Resources LPI Lithium Power International  SFH Specialty Fashion
BUL Blue Energy  LYL Lycopodium  ST1 Spirit Telecom
BUB Bubs MAH Macmahon Holdings  SMR Stanmore Coal
BRU Buru Energy MAQ Macquarie Telecom SEA Sundance Energy Australia 
BYE Byron Energy  MTM Mareterram   STM Sunstone Metals 
CAJ Capitol Health MCP Mcpherson's SW1 Swift Networks Group 
CMM Capricorn Metals MVP Medical Developments International  TAW Tawana Resources Nl
CHN Chalice Gold Mines MP1 Megaport  TPW Temple & Webster 
CLV Clover Corporation  MWY Midway   TPP Tempo Group
COG Consolidated Operations Group MTO Motorcycle Holdings TPE TPI Enterprises  
CGA Contango Asset Management NAM Namoi TRY Troy Resources
CUP CountPlus NEW New Energy VRS Veris 
DYL Deep Yellow  NBL Noni B VMY Vimy Resources 
DTS DragonTail Systems NVX Novonix VHT Volpara Health Technologies  
DUB Dubber NUH Nuheara  XAM Xanadu Mines 
EAR Echo Resources  OEL Otto Energy  XF1 Xref  
ELK ELK Petroleum  P2P P2P Transport   ZNT Zenitas Healthcare 
ERM Emmerson Resources  PAC Pacific Current ZNC  Zenith Minerals  
EGG Enero Group PDN Paladin Energy     
EQT Equity Trustees PAN Panoramic Resources    
FID Fiducian PAR Paradigm Biopharmaceuticals    
GRB Gage Roads Brewing Co PEX Peel Mining     
G1A Galena Mining PCG Pengana Capital Group     
GLL Galilee Energy  PPE People Infrastructure     
GCM Garda Capital Group PLL Piedmont Lithium     
GCY Gascoyne Resources PNI Pinnacle Investment Management    
GDG Generation Development Group PRT Prime Media    
GNG Gr Engineering Services  PRX Prodigy Gold    
HAV Havilah Resources PSI PSC Insurance     
HZR Hazer Group PWH PWR Holdings     
HIG Highland Pacific RMS Ramelius Resources    
HRL HRL Holdings RDH Redhill Education    
IBG Ironbark Zinc  SO4 Salt Lake Potash    

Participating Research Providers FY19 

The equity research under the scheme is produced by ASX participants who run stockbroking businesses which include the provision of research (research providers).  In FY19 the participating research providers are:

Canaccord Genuity Patersons Securities
CCZ Statton Equities Phillip Capital
Hartleys State One Stockbroking
Moelis Australia Taylor Collison
Morgans Wilsons Advisory 
Ord Minnett   

Information for Listed Companies

The equity research under the scheme is produced by ASX participants who run stockbroking businesses which include the provision of research (research providers).

In order for listed companies to qualify for selection on the scheme, they must first meet the following criteria as at 30 June: 

  1. Market capitalisation between $30 million and $1 billion 
  2. Outside of the S&P/ASX300 index 
  3. Listed on ASX greater than 6 months 
  4. Free float greater than 10% 
  5. Less than 3 analysts covering them at present 

At the start of each financial year, ASX provides a list of companies who meet the above criteria to interested research providers.  Research providers indicate the companies they wish to cover under the scheme and ASX makes allocations under contract to the research providers.

Research providers contract to provide three reports on each company allocated to them during the financial year although the period may extend a little longer in some instances.  In addition to providing the reports to ASX, research providers also distribute the reports to their own investor database.

Listed companies cannot directly influence their inclusion in the scheme however it may be of help to make contact with ASX participants who are research providers under the scheme.


Information for Research Providers

The scheme is only open to ASX Market (trading) Participants who provide equity research in the course of their business.  Other criteria relate to the quality of the research provider’s research.  If you are an ASX Market Participant with an interest in participating in the scheme please contact ASX on the details below.


Further information

Please contact ASX by email: