Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

There was a lot of action in the Japanese and Korean stock markets in the past week. As US 10 Year Treasury bond yield continues to roar higher, global equities are not yet deterred but global investors are willing to take higher risk and the fund flows are shifting clearly from bonds to equities, although the extent of how much longer this will prevail is a topic that has been hotly debated.The top three reports (in terms of views) covering the North Asia markets in the past week were as…

There was a lot of action in the Japanese and Korean stock markets in the past week. As US 10 Year Treasury bond yield continues to roar higher, global equities are not yet deterred but global investors are willing to take higher risk and the fund flows are shifting clearly from bonds to equities, although the extent of how much longer this will prevail is a topic that has been hotly debated.The top three reports (in terms of views) covering the North Asia markets in the past week were as…

The Week That Was In North Asia@Smartkarma: Dr. Jim Walker's 2018 Strategy, Bitcoin Crash, & BLASH

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

MSCI Emerging Markets Index / Technical Analysis

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

It has been a while since we updated the "Hated by the Street" screen. So we thought it would be good to see which names made the list. Usually we only screen for names where the % of BUY recommendations to Total is less than 20%. However, 126 names made that list. We therefore further limited the screen by adding % of SELL recommendations greater than 30% of total recommendations. 26 names met both criteria. At the top of the list is <a href="https://www.smartkarma.com/entities/391" target="_blank" data-smartkarma-citation="entities:391:1">Sharp Corp (6753 JP)</a> with 0 BUY recommendations and 8 SELL…

It has been a while since we updated the "Hated by the Street" screen. So we thought it would be good to see which names made the list. Usually we only screen for names where the % of BUY recommendations to Total is less than 20%. However, 126 names made that list. We therefore further limited the screen by adding % of SELL recommendations greater than 30% of total recommendations. 26 names met both criteria. At the top of the list is Sharp Corp (6753 JP) with 0 BUY recommendations and 8 SELL…

Names that Are Hated and Loved by the Street in Japan....

We recently published a piece looking at Sectors that are highly correlated to TOPIX. In the piece, we highlight the other side. Sectors that are not correlated to TOPIX. Now when we get into the smaller-cap space, the correlations to TOPIX tend to be lower. We therefore limited the universe to names above ¥200bn mkt-cap. Food &amp; Staples Retailing is one of the sectors with a pretty low correlation to TOPIX. While, the two largest names by mkt-cap, <a href="https://www.smartkarma.com/entities/1041" target="_blank" data-smartkarma-citation="entities:1041:1">Seven &amp; I Holdings Co Ltd (3382 JP)</a> and <a href="https://www.smartkarma.com/entities/3" target="_blank" data-smartkarma-citation="entities:3:1">Aeon Co</a>…

We recently published a piece looking at Sectors that are highly correlated to TOPIX. In the piece, we highlight the other side. Sectors that are not correlated to TOPIX. Now when we get into the smaller-cap space, the correlations to TOPIX tend to be lower. We therefore limited the universe to names above ¥200bn mkt-cap. Food &amp; Staples Retailing is one of the sectors with a pretty low correlation to TOPIX. While, the two largest names by mkt-cap, Seven &amp; I Holdings Co Ltd (3382 JP) and Aeon Co…

Sectors Not Correlated to TOPIX - Retailing, Food & Staples Retailing, and Utilities

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Prior seasonality-related insights such as <a href="https://www.smartkarma.com/insights/sell-in-may-and-go-away-historical-data-is-mixed-but-summertime-for-us-equities-isn-t-great" target="_blank" data-smartkarma-citation="insights:3623">“Sell In May And Go Away?” - Historical Data Is Mixed, But Summertime For US Equities Isn’t Great.</a> and <a href="https://www.smartkarma.com/insights/stock-market-seasonality-januaries-superbowls-third-years-shemitah-cycles-oy-vey" target="_blank" data-smartkarma-citation="insights:1296">Stock Market Seasonality - Januaries, SuperBowls, Third Years, Shemitah Cycles - Oy Vey!</a> suggest that the risk reward of the "Sell in May and Go Away" strategy is pretty good (i.e. the reward of holding equities vs the volatility of doing so in that period is not great). In Japan, it seems even better to stay away from May1 to the end of October. Over…

Prior seasonality-related insights such as “Sell In May And Go Away?” - Historical Data Is Mixed, But Summertime For US Equities Isn’t Great. and Stock Market Seasonality - Januaries, SuperBowls, Third Years, Shemitah Cycles - Oy Vey! suggest that the risk reward of the "Sell in May and Go Away" strategy is pretty good (i.e. the reward of holding equities vs the volatility of doing so in that period is not great). In Japan, it seems even better to stay away from May1 to the end of October. Over…

Japan Equity (Bias & Sector) Seasonality: Q4 Trends

Japan

AEON CO., LTD. operates general merchandise stores, supermarkets, and convenience stores throughout Japan. The Company is also engaged in women's and casual clothing store business, development business of commercial property, and financing service through the subsidiaries.

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Aeon Co Ltd (8267 JP)

The Week That Was In North Asia@Smartkarma: Dr. Jim Walker's 2018 Strategy, Bitcoin Crash, & BLASH

There was a lot of action in the Japanese and Korean stock markets in the past week. As US 10 Year Treasury bond yield continues to roar higher,...

Douglas Kim

Global Equity Strategy: Overweight EM

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and...

Vermilion Research

Names that Are Hated and Loved by the Street in Japan....

It has been a while since we updated the "Hated by the Street" screen. So we thought it would be good to see which names made the list. Usually we...

Custom Products Group

Sectors Not Correlated to TOPIX - Retailing, Food & Staples Retailing, and Utilities

We recently published a piece looking at Sectors that are highly correlated to TOPIX. In the piece, we highlight the other side. Sectors that are...

Custom Products Group

Japan Equity (Bias & Sector) Seasonality: Q4 Trends

Prior seasonality-related insights such as “Sell In May And Go Away?” - Historical Data Is Mixed, But Summertime For US Equities Isn’t Great. and...

Travis Lundy

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52-week Range

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