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 continue to view the latest pullback as healthy/normal within the ongoing bull market, and it is quite possible that the lows have been established on MSCI ACWI (ACWI-US).</li>
<li>Upgrading EM to Market Weight; MSCI Emerging Markets, China (shanghai Composite) and Hong Kong (Hang Seng) Still Bottoming; we discussed buying in our February 23, 2024 Int'l Compass
</li>
<li>Commodities all appear to be rolling over near resistance, which is what we discussed to watch for in our April 18, 2024 Int'l Compass. This has bullish implications for ACWI</li>
</ul>


We continue to view the latest pullback as healthy/normal within the ongoing bull market, and it is quite possible that the lows have been established on MSCI ACWI (ACWI-US).
Upgrading EM to Market Weight; MSCI Emerging Markets, China (shanghai Composite) and Hong Kong (Hang Seng) Still Bottoming; we discussed buying in our February 23, 2024 Int'l Compass

Commodities all appear to be rolling over near resistance, which is what we discussed to watch for in our April 18, 2024 Int'l Compass. This has bullish implications for ACWI


Upgrading Emerging Markets to Market Weight; China/Hong Kong Continue to Bottom; Energy Breakdowns

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

Shenton Research

Shenton 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 analyzed the changes in short interest of KRX stocks as of Aug 14th. The aggregated short interest was USD18.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in SK Hynix, HANWHA SOLUTIONS, Samsung F&amp;M Insurance, Hanwha Ocean, Samsung Elec (PREF).</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Aug 14th. The aggregated short interest was USD18.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in SK Hynix, HANWHA SOLUTIONS, Samsung F&amp;M Insurance, Hanwha Ocean, Samsung Elec (PREF).


KRX Short Interest Weekly (Aug 14th): SK Hynix, HANWHA SOLUTIONS, Samsung F&M Insurance

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>In this insight, I discuss how the song Rich Men North of Richmond, return of mask mandates, and new COVID variant are all intertwined. </li>
<li>
"Rich Men North of Richmond" is a song about the excessive control of the government and the pressures of life. </li>
<li>I discuss the intricacies of how these three stories are intertwined and how the certain sectors of the stock market could be impacted from the potential changes in government policies.</li>
</ul>


In this insight, I discuss how the song Rich Men North of Richmond, return of mask mandates, and new COVID variant are all intertwined. 

"Rich Men North of Richmond" is a song about the excessive control of the government and the pressures of life. 
I discuss the intricacies of how these three stories are intertwined and how the certain sectors of the stock market could be impacted from the potential changes in government policies.


Rich Men North of Richmond, Return of Mask Mandates, and New COVID Variants

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>Silicon2 (257720 KS) has secured a third party allocated capital increase worth 300 billion won (representing 10.3% of market share) from CVC Capital private equity firm.</li>
<li>Silicon2 plans to use the capital for working capital to expand its global logistics infrastructure and increase its market share overseas.</li>
<li>The company's excellent sales growth and profit margins in the past year have been able to reduce concerns about the U.S. tariffs.</li>
</ul>


Silicon2 (257720 KS) has secured a third party allocated capital increase worth 300 billion won (representing 10.3% of market share) from CVC Capital private equity firm.
Silicon2 plans to use the capital for working capital to expand its global logistics infrastructure and increase its market share overseas.
The company's excellent sales growth and profit margins in the past year have been able to reduce concerns about the U.S. tariffs.


Silicon2: Capital Raise of 300 Billion Won from CVC Capital

Equity Bottom-Up

Samsung Electronics Pref Shares / Equity Bottom-Up

Samsung Electronics Pref Shares (005935 KS)

<ul>
<li>Amid the recent "bear market" in Korea in past two months, one of the noticeable trends has been the outperformance of many Korean preferred stocks relative to their common counterparts.</li>
<li>More investors are seeking value-oriented stocks amid increased debate about how much longer the global semiconductor cycle could rally.</li>
<li>The share prices of 15 major preferred stocks in Korea are down on average 6.5% in the past two months, outperforming their common shares counterparts (down on average 13.2%)</li>
</ul>


Amid the recent "bear market" in Korea in past two months, one of the noticeable trends has been the outperformance of many Korean preferred stocks relative to their common counterparts.
More investors are seeking value-oriented stocks amid increased debate about how much longer the global semiconductor cycle could rally.
The share prices of 15 major preferred stocks in Korea are down on average 6.5% in the past two months, outperforming their common shares counterparts (down on average 13.2%)


Korean Prefs Outperforming Common Shares Amid Recent Bear Market in Korea

South Korea

Amorepacific Corp. develops, manufactures, and exports skin care, make-up, and fragrance products. The Company also produces and markets personal care and health-related products, such as shampoos, soaps, toothpastes, and health teas.

Amorepacific Corporation (Preferred) (090435 KS)

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Amorepacific Corporation (Preferred) (090435 KS)

Upgrading Emerging Markets to Market Weight; China/Hong Kong Continue to Bottom; Energy Breakdowns

Upgrading Emerging Markets $EEM $VWO to Market Weight; China/Hong Kong Continue to Bottom $FXI $MCHI $KWEB; Lows Likely in on $ACWI; Commodities...

Vermilion Research

KRX Short Interest Weekly (Aug 14th): SK Hynix, HANWHA SOLUTIONS, Samsung F&M Insurance

We analyzed KRX short interest report for the past week and highlighted short interest changes in SK Hynix, HANWHA SOLUTIONS, Samsung F&M...

Ke Yan, CFA, FRM

Rich Men North of Richmond, Return of Mask Mandates, and New COVID Variants

In this insight, I discuss how the song Rich Men North of Richmond, return of mask mandates, and new COVID variant are all intertwined.

Douglas Kim

Silicon2: Capital Raise of 300 Billion Won from CVC Capital

Silicon2 (257720 KS) has secured a third party allocated capital increase worth 300 billion won (representing 10.3% of market share) from CVC...

Douglas Kim

Korean Prefs Outperforming Common Shares Amid Recent Bear Market in Korea

Amid the recent "bear market" in Korea in past two months, one of the noticeable trends has been the outperformance of many Korean preferred stocks...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)