Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>Share price has been punished, as there have been plenty pre-IPO investors who took profit, although operating numbers are actually doing quite well. </li>
<li>
<a href="https://www.smartkarma.com/entities/laopu-gold-co-ltd-class-h" target="_blank" data-smartkarma-citation="entities:44036:1" rel="noopener">Laopu Gold (6181 HK)</a> is different from <a target="_blank">Chow Tai Fook Jewellery (1929 HK)</a>, as the former is more of a global luxury house than a goldsmith.</li>
<li>At 7x PER and a 10% dividend yield, combined with the calming down of the sellers' volume, <a href="https://www.smartkarma.com/entities/laopu-gold-co-ltd-class-h" target="_blank" data-smartkarma-citation="entities:44036:1" rel="noopener">Laopu Gold (6181 HK)</a> may actually offer a value. </li>
</ul>


Share price has been punished, as there have been plenty pre-IPO investors who took profit, although operating numbers are actually doing quite well. 

Laopu Gold (6181 HK) is different from Chow Tai Fook Jewellery (1929 HK), as the former is more of a global luxury house than a goldsmith.
At 7x PER and a 10% dividend yield, combined with the calming down of the sellers' volume, Laopu Gold (6181 HK) may actually offer a value. 


Laopu Gold (6181): Sellers Have Calmed Down

Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>I actually only have a few words for the current situation.</li><li>Oil is NOT rallying on market tightness - it’s rallying on macro risk.</li><li>This risk premium will disapear eventually - we don’t like to be long a commodity based solely on a in our opinion short term macro risk.</li></ul>

I actually only have a few words for the current situation.Oil is NOT rallying on market tightness - it’s rallying on macro risk.This risk premium will disapear eventually - we don’t like to be long a commodity based solely on a in our opinion short term macro risk.

Oil is NOT rallying on market tightness - it’s rallying on macro risk

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

Financial Select Sector SPDR F / Technical Analysis

<ul>
<li>We will stay near-term bullish as long as crucial support levels of 6780-6824 on SPX and $255-$257 on IWM continue to hold. With that said, we continue to see deterioration...</li>
<li>...in market dynamics that has us concerned of a deeper pullback, potentially to 6720-6776, 6690, or 6480-6520 on SPX, but 6780-6824 support would need to break first</li>
<li>Financials (XLF) and Discretionary (XLY) are violating crucial price and RS supports, and we are downgrading both Sectors to underweight</li>
</ul>


We will stay near-term bullish as long as crucial support levels of 6780-6824 on SPX and $255-$257 on IWM continue to hold. With that said, we continue to see deterioration...
...in market dynamics that has us concerned of a deeper pullback, potentially to 6720-6776, 6690, or 6480-6520 on SPX, but 6780-6824 support would need to break first
Financials (XLF) and Discretionary (XLY) are violating crucial price and RS supports, and we are downgrading both Sectors to underweight


Defensives Still Leading; Deeper Pullback?; Downgrading Financials and Discretionary to Underweight

<ul><li>Believe it or not but here is a sustained copper inventory overhang at the moment. Credit to Saxo Bank for covering.</li><li>Ample supply could limit near term upside in copper spreads and prices…</li><li>Price action isn’t looking strong at the moment as well…</li></ul>

Believe it or not but here is a sustained copper inventory overhang at the moment. Credit to Saxo Bank for covering.Ample supply could limit near term upside in copper spreads and prices…Price action isn’t looking strong at the moment as well…

2026 Commodity Alpha is in Agri not in Metals

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>A review of recent events and data impacting our investment themes and outlook</li>
<li>The Japanese election result provides a further catalyst for Japanese assets</li>
<li>The future direction of the USD is the most important variable</li>
</ul>


A review of recent events and data impacting our investment themes and outlook
The Japanese election result provides a further catalyst for Japanese assets
The future direction of the USD is the most important variable


Overview #50 — A New Japan Meets a Nervous Dollar

United States

Gold is a chemical element with the symbol Au (from Latin: aurum) and the atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

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Gold (GOLD COMDTY)

Laopu Gold (6181): Sellers Have Calmed Down

Share price was punished, as there have been plenty pre-IPO investors who took profit, although operating numbers are actually doing quite well. 7x...

Henry Soediarko

Oil is NOT rallying on market tightness - it’s rallying on macro risk

This risk premium will disapear eventually - we don’t like to be long a commodity based solely on a in our opinion short term macro risk.

The Commodity Report

Defensives Still Leading; Deeper Pullback?; Downgrading Financials and Discretionary to Underweight

Defensives Still Leading; Deeper Pullback Coming?; Downgrading Financials $XLF and Discretionary $XLY $XRT to Underweight. Crucial support levels...

Vermilion Research

2026 Commodity Alpha is in Agri not in Metals

Believe it or not but here is a sustained copper inventory overhang at the moment. Credit to Saxo Bank for covering. Ample supply could limit near...

The Commodity Report

Overview #50 — A New Japan Meets a Nervous Dollar

A review of recent events/data impacting our investment themes and outlook. We look at the implication sof the Japanese eelction results

Rikki Malik

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