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

Shanghai Shenzhen CSI 300 Index / Technical Analysis

Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)

Global equities (MSCI ACWI, ACWI ex-US, and EAFE) remain bullish with their uptrends intact, and the MSCI Emerging Markets index continues to hold above major support at $52 on the EEM-US. Additionally, Europe’s STOXX 50 and Hong Kong’s Hang Seng are on the cusp of short-term breakouts, while the major indexes in China (Shanghai Composite &amp; CSI 300) are currently breaking above short-term resistance... see chart below. Considering the absence of breakdowns and the fact that market dynamics remain largely positive, our overall constructive outlook remains appropriate.

Global equities (MSCI ACWI, ACWI ex-US, and EAFE) remain bullish with their uptrends intact, and the MSCI Emerging Markets index continues to hold above major support at $52 on the EEM-US. Additionally, Europe’s STOXX 50 and Hong Kong’s Hang Seng are on the cusp of short-term breakouts, while the major indexes in China (Shanghai Composite &amp; CSI 300) are currently breaking above short-term resistance... see chart below. Considering the absence of breakdowns and the fact that market dynamics remain largely positive, our overall constructive outlook remains appropriate.

Chinese Indexes Headed Higher; Actionable Themes: Transportation, Materials, and Services

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

This morning on May 2nd, it was widely reported in the media that dictator <a href="https://news.joins.com/article/23767647" target="_blank" rel="noopener">Kim Jong-Un</a> showed up at a fertilizer factory in North Korea on May 1st. This was the first time in 20 days that he has shown up publicly. There has been a huge amount of global media attention on his health conditions, especially after he failed to show up at Kim Il-Sung's birthday ceremony on April 15th. So far, the North Korean government has not stated why Kim Jong-Un disappeared for nearly three weeks. <div class="content-highlight">What we still do not know: Despite this announcement, the North Korean government has yet to provide actual videos of Kim Jong-Un walking around alive. Although the photos provide some confirmation that Kim Jong-Un is alive until there are actual videos of him walking on his own, theexact health conditions of Kim Jong-Un remain unclear. </div>

This morning on May 2nd, it was widely reported in the media that dictator Kim Jong-Un showed up at a fertilizer factory in North Korea on May 1st. This was the first time in 20 days that he has shown up publicly. There has been a huge amount of global media attention on his health conditions, especially after he failed to show up at Kim Il-Sung's birthday ceremony on April 15th. So far, the North Korean government has not stated why Kim Jong-Un disappeared for nearly three weeks. What we still do not know: Despite this announcement, the North Korean government has yet to provide actual videos of Kim Jong-Un walking around alive. Although the photos provide some confirmation that Kim Jong-Un is alive until there are actual videos of him walking on his own, theexact health conditions of Kim Jong-Un remain unclear. 

Kim Jong Un Shows Up At a Fertilizer Factory - Now You See Me?

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>In this insight, I argue how the large Korean E&amp;C companies could be the biggest beneficiaries of the end of the war in Iran due to large reconstruction projects potential.</li>
<li>In particular, the top five Korean E&amp;C companies including Samsung C&amp;T, Hyundai E&amp;C, Samsung E&amp;A, Daewoo E&amp;C, and DL E&amp;C could benefit from large reconstruction projects in the Middle East.</li>
<li>End of Iran war could unlock a massive capital expenditure cycle focused on urban infrastructure, transport networks, electrical power grids, and oil &amp; gas supply chains in the Middle East. </li>
</ul>


In this insight, I argue how the large Korean E&amp;C companies could be the biggest beneficiaries of the end of the war in Iran due to large reconstruction projects potential.
In particular, the top five Korean E&amp;C companies including Samsung C&amp;T, Hyundai E&amp;C, Samsung E&amp;A, Daewoo E&amp;C, and DL E&amp;C could benefit from large reconstruction projects in the Middle East.
End of Iran war could unlock a massive capital expenditure cycle focused on urban infrastructure, transport networks, electrical power grids, and oil &amp; gas supply chains in the Middle East. 


Large Korean E&C Companies: Biggest Beneficiaries of End of War in Iran (Reconstruction)

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 analyzed the changes in foreign holdings of KRX stocks as of Jun 12th. The aggregated holding was USD1,796.8bn.</li>
<li>We estimate that foreign flows to be outflows of USD7,074mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, SKSQUARE, Samsung Elec (PREF), Hyundai Motor.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Jun 12th. The aggregated holding was USD1,796.8bn.
We estimate that foreign flows to be outflows of USD7,074mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, SKSQUARE, Samsung Elec (PREF), Hyundai Motor.


KRX Foreign Holding Weekly (Jun 12th): Samsung Electronics, SK Hynix, SKSQUARE, Samsung Elec (PREF)

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Jun 5th. The aggregated holding was USD1,580.4bn.</li>
<li>We estimate that foreign flows to be outflows of USD9,883mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, LG Electronics, NAVER, Samsung Elec (PREF).</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Jun 5th. The aggregated holding was USD1,580.4bn.
We estimate that foreign flows to be outflows of USD9,883mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Samsung Electronics, SK Hynix, LG Electronics, NAVER, Samsung Elec (PREF).


KRX Foreign Holding Weekly (Jun 5th): Samsung Electronics, SK Hynix, LG Electronics, NAVER

South Korea

Hyundai Engineering & Construction Co., Ltd., a general construction company, provides civil engineering, architectural, industrial, and electrical engineering services.  The Company constructs roadways, dams, bridges, ports, industrial plants, apartment complexes, and cultural facilities.

Hyundai Engineering & Construction (000720 KS)

Price Gauge
52-week Range	0.00 - 0.00
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Hyundai Engineering & Construction (000720 KS)

Chinese Indexes Headed Higher; Actionable Themes: Transportation, Materials, and Services

The evidence continues to suggest that value remains leadership and we recommend adding exposure to cyclical value on this minor pullback in the...

Vermilion Research

Kim Jong Un Shows Up At a Fertilizer Factory - Now You See Me?

This morning on May 2nd, it was widely reported in the media that dictator Kim Jong-Un showed up at a fertilizer factory in North Korea on May 1st....

Douglas Kim

Large Korean E&C Companies: Biggest Beneficiaries of End of War in Iran (Reconstruction)

In this insight, I argue how the large Korean E&C companies could be the biggest beneficiaries of the end of the war in Iran due to large...

Douglas Kim

KRX Foreign Holding Weekly (Jun 12th): Samsung Electronics, SK Hynix, SKSQUARE, Samsung Elec (PREF)

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Samsung Electronics, SK Hynix, SKSQUARE, Samsung...

Ke Yan, CFA, FRM

KRX Foreign Holding Weekly (Jun 5th): Samsung Electronics, SK Hynix, LG Electronics, NAVER

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Samsung Electronics, SK Hynix, LG Electronics,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)