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

This report highlights actionable EM stocks from across industries and regions.  This week's report highlights the following:<ul><li>Latin America is breaking out to all-time highs.</li><li>Tech--extended but still leadership.</li><li>Uptick in attractive consumer stocks.</li><li>Commodity sectors are strengthening.</li></ul>

This report highlights actionable EM stocks from across industries and regions.  This week's report highlights the following:Latin America is breaking out to all-time highs.Tech--extended but still leadership.Uptick in attractive consumer stocks.Commodity sectors are strengthening.

EM Leadership Screen & Chart Book: Technically Attractive EM Stocks

BRIC markets are outperforming broad EM. The BRIC/EM ratio is rounding to two year highs. All four member countries are attractive for separate reasons.  This week's “EM Leaders” highlights several attractive themes including: tech stocks, especially semis, construction/farm machinery names and  a selection of consumer stocks across the BRICs markets.

BRIC markets are outperforming broad EM. The BRIC/EM ratio is rounding to two year highs. All four member countries are attractive for separate reasons.  This week's “EM Leaders” highlights several attractive themes including: tech stocks, especially semis, construction/farm machinery names and  a selection of consumer stocks across the BRICs markets.

Value investor- India mid & small caps

Bhaskar Chakraborty

Thematic (Sector/Industry)

<ul class=""><li>Consumer Durables- Excellent April and May drives beat.</li><li>Paints- De-stocking impacts volumes, GST’s anti-profiteering clause puts lid on near-term price hikes.</li><li>Consumer electrical- Severely impacted by channel de-stocking; restocking and price hikes will be gradual.</li><li>Footwear- Strong growth after a lackluster FY17 but margins hurt.</li></ul>

Consumer Durables- Excellent April and May drives beat.Paints- De-stocking impacts volumes, GST’s anti-profiteering clause puts lid on near-term price hikes.Consumer electrical- Severely impacted by channel de-stocking; restocking and price hikes will be gradual.Footwear- Strong growth after a lackluster FY17 but margins hurt.

India Consumer Discretionary: Key Takeaways from 1QFY18 Result (Part 1/2)

Organized sector makes smooth transitionAfter stopping dispatches for up to two weeks in the run up to GST, several organized players across major sectors have started sending fresh stocks with GST compliant invoices into their respective trade channels. Some companies are yet to start channel refilling and would do so by the end of this week. High value discretionary sectors like auto and home electronics have announced new retail prices based on the change in tax incidence on their portfolio…

Organized sector makes smooth transitionAfter stopping dispatches for up to two weeks in the run up to GST, several organized players across major sectors have started sending fresh stocks with GST compliant invoices into their respective trade channels. Some companies are yet to start channel refilling and would do so by the end of this week. High value discretionary sectors like auto and home electronics have announced new retail prices based on the change in tax incidence on their portfolio…

<ul><li>Durables- Mostly pent up demand fulfillment and channel filling, margins under pressure</li><li>Paints- Demand still weak, price hikes delayed but margins likely to sustain in FY18</li><li>Home improvement- Pent up demand helps but pricing and margins under pressure</li><li>Footwear- Intense competition leads to muted volume growth, no price hikes to pass on input cost increase</li></ul>

Durables- Mostly pent up demand fulfillment and channel filling, margins under pressurePaints- Demand still weak, price hikes delayed but margins likely to sustain in FY18Home improvement- Pent up demand helps but pricing and margins under pressureFootwear- Intense competition leads to muted volume growth, no price hikes to pass on input cost increase

India Consumer Discretionary: Key Takeaways from 4QFY17 Performance

India

Bata India Limited manufactures a wide range of leather, rubber/canvas and plastic footwear products.  The Company also manufactures sports apparel and leather accessories.  Bata India sells its products through its chain of company owned retail stores in India, as well as to businesses in the USA, United Kingdom, Europe, the Middle East and the Far East.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bata India Ltd (BATA IN)

EM Leadership Screen & Chart Book: Technically Attractive EM Stocks

This report highlights actionable EM stocks from across industries and regions. This week's report highlights the following: Latin America is...

Vermilion Research

BRIC Markets Lead EM Higher

BRIC markets are outperforming broad EM. The BRIC/EM ratio is rounding to two year highs. All four member countries are attractive for separate...

Vermilion Research

India Consumer Discretionary: Key Takeaways from 1QFY18 Result (Part 1/2)

Consumer Durables- Excellent April and May drives beat. Paints- De-stocking impacts volumes, GST’s anti-profiteering clause puts lid on near-term...

Bhaskar Chakraborty

India Discretionary: GST Roll Out Update

Organized sector makes smooth transitionAfter stopping dispatches for up to two weeks in the run up to GST, several organized players across major...

Bhaskar Chakraborty

India Consumer Discretionary: Key Takeaways from 4QFY17 Performance

Durables- Mostly pent up demand fulfillment and channel filling, margins under pressure Paints- Demand still weak, price hikes delayed but margins...

Bhaskar Chakraborty

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)