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

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  Notable themes include:<ul><li>Add exposure to Energy and Materials. </li><li>Financial stocks are strengthening. </li><li>Avoid Australian banks. </li></ul>See the attached report for a complete list of our recommendations from this list.

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  Notable themes include:Add exposure to Energy and Materials. Financial stocks are strengthening. Avoid Australian banks. See the attached report for a complete list of our recommendations from this list.

China, Emerging Markets

Ryan Soh 苏祥发

Thematic (Sector/Industry)

A full translation of an article measuring the progress of deleveraging from a People's Bank of China mouthpiece website at the end of last month yields interesting results for those otherwise used to relying on intermediaries for partial summaries and interpretations.The article summarises the initial results obtained from deleveraging, acknowledges the unbalanced structure of enterprise debt, sees deleveraging as an opportunity for reform of state-owned enterprises, and contemplates the creation of a debt-to-equity swap market by 'qualified implementation agencies'. The full translation is included as an attachment.

A full translation of an article measuring the progress of deleveraging from a People's Bank of China mouthpiece website at the end of last month yields interesting results for those otherwise used to relying on intermediaries for partial summaries and interpretations.The article summarises the initial results obtained from deleveraging, acknowledges the unbalanced structure of enterprise debt, sees deleveraging as an opportunity for reform of state-owned enterprises, and contemplates the creation of a debt-to-equity swap market by 'qualified implementation agencies'. The full translation is included as an attachment.  

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyze the monthly Hong Kong Connect flows with our data engine for the month ended Apr 30th.</li>
<li>We estimate that the net southbound flows in April were $5.6bn Inflows.</li>
<li>We tabulate the top stocks by inflows, outflows, stake changes, and holdings, and highlight flows for China Mobile, CCB, Pop Mart Intl, ICBC, Yofc.</li>
</ul>


We analyze the monthly Hong Kong Connect flows with our data engine for the month ended Apr 30th.
We estimate that the net southbound flows in April were $5.6bn Inflows.
We tabulate the top stocks by inflows, outflows, stake changes, and holdings, and highlight flows for China Mobile, CCB, Pop Mart Intl, ICBC, Yofc.


Hong Kong Connect Flows (April): $5.6bn Inflows

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Other asset growth is surging at China’s banks. It is a line item often associated with assets of limited liquidity, impossible to value, or not easy to fit into a more benign classifications. In the Asian Financial Crisis this was an area of interest: this account included interest in suspense, which was linked to delinquent loans.  Even on a good day, China’s granular data is not wholly clear, so data here is murky. Save to say, that with these so-called other assets now account for more than…

Other asset growth is surging at China’s banks. It is a line item often associated with assets of limited liquidity, impossible to value, or not easy to fit into a more benign classifications. In the Asian Financial Crisis this was an area of interest: this account included interest in suspense, which was linked to delinquent loans.  Even on a good day, China’s granular data is not wholly clear, so data here is murky. Save to say, that with these so-called other assets now account for more than…

Other Assets May Conceal Bad Loans: China

Independent Insight Provider

Stewart Paterson

IntroductionThere have been three key growth drivers of residential property development in China in my view: 1) The increase in urban population; 2) the increase in living space per person and 3) the upgrading of sub-standard housing.  The result of these three drivers is that private urban residential property development in China has grown in nominal terms from USD300bn in 2008 to USD1.4tr now - a cagr of 21%. Residential property sales in China are now larger than the GDP of Russia or…

IntroductionThere have been three key growth drivers of residential property development in China in my view: 1) The increase in urban population; 2) the increase in living space per person and 3) the upgrading of sub-standard housing.  The result of these three drivers is that private urban residential property development in China has grown in nominal terms from USD300bn in 2008 to USD1.4tr now - a cagr of 21%. Residential property sales in China are now larger than the GDP of Russia or…

Money Matters: Have the Drivers of Residential Property Investment in China Run Their Course?

China

Agricultural Bank of China Limited provides a full range of commercial banking services. The Banks services includes RMB and foreign currency deposit, loan, international and domestic settlement, bill discount, currency trading, bank guarantee, and treasury bill underwriting.

Price Gauge
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Agricultural Bank of China (601288 CH)

Popular Stocks, Attractive Charts

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform...

Vermilion Research

Deleveraging in China: A Translation

A full translation of an article measuring the progress of deleveraging from a People's Bank of China mouthpiece website at the end of last month...

Ryan Soh 苏祥发

Hong Kong Connect Flows (April): $5.6bn Inflows

We estimate inflows to be $5.6bn from mainland investors to HK stocks in April. We highlight flows for China Mobile, CCB, Pop Mart Intl, ICBC, Yofc.

Ke Yan, CFA, FRM

Other Assets May Conceal Bad Loans: China

Other asset growth is surging at China’s banks. It is a line item often associated with assets of limited liquidity, impossible to value, or not...

Daniel Tabbush

Money Matters: Have the Drivers of Residential Property Investment in China Run Their Course?

IntroductionThere have been three key growth drivers of residential property development in China in my view: 1) The increase in urban population;...

Stewart Paterson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)