A joint venture (JV) recently established by Australian firms Electro Optic Systems (EOS) and Nova Systems aims to start production of locally developed missile systems within 10 years if selected by the Australian government as a partner in.
EOS, Nova Systems form Australian missile joint venture janes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from janes.com Daily Mail and Mail on Sunday newspapers.
-Positive for residential real estate, office concerns easing and caution on Melbourne malls
-Two top picks in the small-cap defence sector
-Citi’s bullish view on the global fertiliser outlook
By Mark Woodruff
Real Estate: Fresh perspectives
In the early stages of a post-covid world, some fresh real estate perspectives from Morgan Stanley alleviate some concerns around suburban offices and highlight that residential intentions remain bullish. There is, however, another reason to be cautious on retail mall landlords, when they have high exposure to Melbourne/Victoria assets.
Of the office workers surveyed by the broker, 28% flagged that their employers have taken up more space since returning to work from covid versus 25% who have taken less, suggesting office pessimists may be too bearish.
Image source: Getty Images
At the start of each week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.
This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.
With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:
Kogan.com Ltd (ASX: KGN) is back as the most shorted ASX share after its short interest rebounded week on week to 11.5%. This ecommerce company has been struggling with inventory issues. Short sellers don’t appear to believe they are going away despite recent lockdowns potentially boosting sales.