Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Emerging Market Equities

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

Thematic (Sector/Industry)

<ul>
<li>The Global Emerging Markets Weekly summarises the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.</li>
<li>
 Macro data points: China industrial production, retail sales, fixed asset investment; India inflation data.</li>
<li>
 Companies mentioned:<a href="https://www.smartkarma.com/entities/bharti-airtel-ltd" target="_blank" data-smartkarma-citation="entities:953:1" rel="noopener">Bharti Airtel (BHARTI IN)</a>, <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a>
</li>
</ul>


The Global Emerging Markets Weekly summarises the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.

 Macro data points: China industrial production, retail sales, fixed asset investment; India inflation data.

 Companies mentioned:Bharti Airtel (BHARTI IN), Samsung Electronics (005930 KS)



GEMWeekly (16 Aug 2024): Chinese Macro Disappoints; India Macro; Bharti Airtel, Samsung Electronics

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

<ul>
<li>We are seeing snap-back rallies in the largest global economies -- notably the U.S. and Japan, and also Europe to a lesser extent. However...</li>
<li>We're expecting to see lower highs develop at prior breakdown levels at 2690-2700 on the TOPIX and 4884 on the EURO STOXX 50, which are significant resistance levels.</li>
<li>Watching SPX resistance at 5585, or possible test of YTD highs/marginal new high, all fitting with our ongoing belief (since July 25) that ACWI-US going through 1-to 4-month pullback/consolidation.</li>
</ul>


We are seeing snap-back rallies in the largest global economies -- notably the U.S. and Japan, and also Europe to a lesser extent. However...
We're expecting to see lower highs develop at prior breakdown levels at 2690-2700 on the TOPIX and 4884 on the EURO STOXX 50, which are significant resistance levels.
Watching SPX resistance at 5585, or possible test of YTD highs/marginal new high, all fitting with our ongoing belief (since July 25) that ACWI-US going through 1-to 4-month pullback/consolidation.


MSCI ACWI Consolidation Continues; Outlook Remains Neutral; Buys Across Defensives & Other Sectors

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move sideways up, with the resistance at 1,400 points/1,404 points (75-day EMA) and the support at 1,387 points (10-day EMA)/1,380 points, based on the technical signals in the weekly chart indicating that it is still fluctuating within the range of 1,375-1,403 points while awaiting a breakout signal.</li><li>Keep a close watch for hints about the possible trajectory of the fed funds rate from the speeches by Fed Governor Lisa Cook (voter) and Minneapolis Fed President Neel Kashkari, who are expected to signal that the Fed will not be in a hurry to cut interest rates until inflation falls to the target.</li><li>We recommend stocks with positive news: BEM, CK, and JPARK.</li></ul>

Technically, the SET Index is expected to move sideways up, with the resistance at 1,400 points/1,404 points (75-day EMA) and the support at 1,387 points (10-day EMA)/1,380 points, based on the technical signals in the weekly chart indicating that it is still fluctuating within the range of 1,375-1,403 points while awaiting a breakout signal.Keep a close watch for hints about the possible trajectory of the fed funds rate from the speeches by Fed Governor Lisa Cook (voter) and Minneapolis Fed President Neel Kashkari, who are expected to signal that the Fed will not be in a hurry to cut interest rates until inflation falls to the target.We recommend stocks with positive news: BEM, CK, and JPARK.

Keep a Close Watch on Flash Manufacturing and Services PMIs in February for the US, EU and Japan

Asm International Nv / Technical Analysis

<ul>
<li>Global equities (MSCI ACWI) are resuming their uptrends following several weeks of consolidation above major base supports (classic bull market behavior). Our outlook for global equities remains bullish.</li>
<li>Europe's EURO STOXX 50 has held above critical support at 4400-4415, and now displays a bull flag breakout following over a month of consolidation -- add exposure</li>
<li>We highlight many buy opportunities within global Technology, Services, and Communications</li>
</ul>


Global equities (MSCI ACWI) are resuming their uptrends following several weeks of consolidation above major base supports (classic bull market behavior). Our outlook for global equities remains bullish.
Europe's EURO STOXX 50 has held above critical support at 4400-4415, and now displays a bull flag breakout following over a month of consolidation -- add exposure
We highlight many buy opportunities within global Technology, Services, and Communications


EURO STOXX 50, MSCI ACWI Breaking Out; Bullish Outlook Intact; Buys in Technology, Services, & Comm

<ul><li>Technically, the SET Index is expected to move sideways, with the resistance at 1,424 points (25-day EMA) / 1,431 points and the support at 1,407 points (10-day EMA)/1,400 points.</li><li>Any indication of higher-for-longer rates could exert a negative impact on markets.</li><li>If the number of bidders falls short of the supply, indicating diminished demand, this could adversely affect US equity markets, especially the loan and mortgage sectors, as well as global equity markets.</li></ul>

Technically, the SET Index is expected to move sideways, with the resistance at 1,424 points (25-day EMA) / 1,431 points and the support at 1,407 points (10-day EMA)/1,400 points.Any indication of higher-for-longer rates could exert a negative impact on markets.If the number of bidders falls short of the supply, indicating diminished demand, this could adversely affect US equity markets, especially the loan and mortgage sectors, as well as global equity markets.

Wait for Rate Signals From Fed Chairman and Presidents

Germany

Deutsche Telekom AG offers telecommunications services.  The Company offers a full range of fixed-line telephone services, mobile communications services, Internet access, and combined information technology and telecommunications services for businesses.

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Deutsche Telekom (DTE GR)

GEMWeekly (16 Aug 2024): Chinese Macro Disappoints; India Macro; Bharti Airtel, Samsung Electronics

The Global Emerging Markets Weekly summarises the key news and related developments impacting the largest countries and constituents of the Global...

Wium Malan, CFA

MSCI ACWI Consolidation Continues; Outlook Remains Neutral; Buys Across Defensives & Other Sectors

MSCI $ACWI Consolidation Continues; Outlook Remains Neutral; Snap-Back Rallies in Japan $Nikkei $TOPIX, U.S. $SPX, Europe $STOXX fits with our view...

Vermilion Research

Keep a Close Watch on Flash Manufacturing and Services PMIs in February for the US, EU and Japan

Technically, the SET Index is expected to move sideways up, with the resistance at 1,400 points/1,404 points (75-day EMA) and the support at 1,387...

Krungthai XSpring

EURO STOXX 50, MSCI ACWI Breaking Out; Bullish Outlook Intact; Buys in Technology, Services, & Comm

EURO $STOXX 50, MSCI $ACWI Breaking Out; Bullish Outlook Intact; Actionable Themes: Global Technology, Services, and Communications $ASML $ASMIY...

Vermilion Research

Wait for Rate Signals From Fed Chairman and Presidents

Technically, the SET Index is expected to move sideways, with the resistance at 1,424 points (25-day EMA) / 1,431 points and the support at 1,407...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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