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

Our cautious outlook and expectation for continued downward consolidation for global equities remains intact. Broad global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) are all trading within patterns of lower highs and lower lows, leading us to believe the most likely scenario is that this near-term bounce is likely nothing more than a countertrend rally before longer-term downtrends reassert themselves. The one bright spot is EM.  In this report we highlight a number of attractive set-ups within the Financial, Communication, Engineering &amp; Construction, and Transportation Sectors.

Our cautious outlook and expectation for continued downward consolidation for global equities remains intact. Broad global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) are all trading within patterns of lower highs and lower lows, leading us to believe the most likely scenario is that this near-term bounce is likely nothing more than a countertrend rally before longer-term downtrends reassert themselves. The one bright spot is EM.  In this report we highlight a number of attractive set-ups within the Financial, Communication, Engineering &amp; Construction, and Transportation Sectors.

Global Equity Strategy: Bearish with the Exception of EM.

Independent Research Analyst

Mamta Verma

DC India Research

DC India Research LLP (DCIR) is based out of Mumbai, India.

We specialize in providing customized, independent research across listed and unlisted companies in India across equities and credit including sectoral research. Our customers include India focussed PE funds, special situation funds, domestic AMCs, Wealth Advisory& PMS firms, Rating Agencies & Investment Advisors. 

The DCIR board consists of prominent names from the industry as well as CIO’s of Hedge funds.

Equity Bottom-Up

My thoughts or hunch on probable direction of Indian markets and investing strategy -To my mind, investors - have mostly adjusted themselves to the new norms -<ol>
<li>Trade tensions and erratic commentary by D. Trump and counter-reactions by China. In all likelihood, this will linger on and keep swinging either ways. India as a market is full of domestic consumption-focused growth stocks and hence this should be supportive for investments. Any medium term impact on global growth due to trade…</li>
</ol>

My thoughts or hunch on probable direction of Indian markets and investing strategy -To my mind, investors - have mostly adjusted themselves to the new norms -
Trade tensions and erratic commentary by D. Trump and counter-reactions by China. In all likelihood, this will linger on and keep swinging either ways. India as a market is full of domestic consumption-focused growth stocks and hence this should be supportive for investments. Any medium term impact on global growth due to trade…


My Hunch, You May Say, on Indian Markets and Possible Investing Strategy

Background &amp; BusinessKEC International is predominantly a T&amp;D EPC company, with meaningful presence in international T&amp;D space which accounts for ~50% of its revenues. In the domestic T&amp;D segment it has a M. share of ~10%. It is present across all key markets globally such as South East Asia, Africa, LATAM and Middle East, wherein T&amp;D spending is seeing strong surge.The company’s other businesses include -  railways, civil and solar. Over the years, KECI has been able to enhance its presence in…

 Background &amp; BusinessKEC International is predominantly a T&amp;D EPC company, with meaningful presence in international T&amp;D space which accounts for ~50% of its revenues. In the domestic T&amp;D segment it has a M. share of ~10%. It is present across all key markets globally such as South East Asia, Africa, LATAM and Middle East, wherein T&amp;D spending is seeing strong surge.The company’s other businesses include -  railways, civil and solar. Over the years, KECI has been able to enhance its presence in…

KEC - Strong Execution + Margin Imp + Int Cost Red. To Drive 30% PAT CaGR & Re-Rating

Asia-Focused Industry Research, Speeda Research

Speeda

Asia-Focused Industry Research

Speeda Research

Speeda Research analysts cover China, Japan, India and SEA on the latest trends and topics. We have analysts of diverse nationalities who are able to access information in their respective local languages to provide customers with comprehensive reports. With access to private company data in these regions, Speeda Research is also able to provide insights into niche sectors which are not usually covered by other parties. We are also able to undertake ad hoc company and industry research reports.

Thematic (Sector/Industry)

Containerisation of generalised cargo in India is stated to be only about 22%, a very low figure compared to the 80% in developed nations. The segment remains in a sorry state with the logistics sector largely inundated by unorganised players. Nevertheless, we think the introduction of GST, multimodal logistics parks and the dedicated freight corridors could prove to be a game changer. Also the container manufacturing sector in India is almost negligent and new players could easily gain market share over the current market which is dominated by Chinese containers being imported into the country at a premium.

Containerisation of generalised cargo in India is stated to be only about 22%, a very low figure compared to the 80% in developed nations. The segment remains in a sorry state with the logistics sector largely inundated by unorganised players. Nevertheless, we think the introduction of GST, multimodal logistics parks and the dedicated freight corridors could prove to be a game changer. Also the container manufacturing sector in India is almost negligent and new players could easily gain market share over the current market which is dominated by Chinese containers being imported into the country at a premium.

Containerisation: Prerequisite to Efficient Inter-Modal and Multi-Modal Transportation in India

Since Independence, rail freight has played an important role in carrying the nation forward. But with freight traffic growth slowing, it is high time the Indian Railways did a re-evaluation of its strategy to keep rail freight a going concern. In this report we will look into reasons for the slump in freight traffic and how it can be rejuvenated to continue as the highest revenue grossing segment of the Indian Railways.

Since Independence, rail freight has played an important role in carrying the nation forward. But with freight traffic growth slowing, it is high time the Indian Railways did a re-evaluation of its strategy to keep rail freight a going concern. In this report we will look into reasons for the slump in freight traffic and how it can be rejuvenated to continue as the highest revenue grossing segment of the Indian Railways.

"Freight" or Flight: A Look into the Indian Railways' Largest Revenue Segment

India

KEC International Limited is a power transmission company which is involved in the design, manufacture, supply and construction of turnkey projects of power transmission lines. The company also installs fiber optical cable and provides services for Satellite/GPRS surveys.

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KEC International (KECI IN)

Global Equity Strategy: Bearish with the Exception of EM.

Our cautious outlook and expectation for continued downward consolidation for global equities remains intact. Broad global indexes (MSCI ACWI, ACWI...

Vermilion Research

My Hunch, You May Say, on Indian Markets and Possible Investing Strategy

My thoughts or hunch on probable direction of Indian markets and investing strategy -To my mind, investors - have mostly adjusted themselves to the...

DC India Research

KEC - Strong Execution + Margin Imp + Int Cost Red. To Drive 30% PAT CaGR & Re-Rating

Background & BusinessKEC International is predominantly a T&D EPC company, with meaningful presence in international T&D space which...

DC India Research

"Freight" or Flight: A Look into the Indian Railways' Largest Revenue Segment

Since Independence, rail freight has played an important role in carrying the nation forward. But with freight traffic growth slowing, it is high...

Speeda Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Equity Strategy: Bearish with the Exception of EM.

Our cautious outlook and expectation for continued downward consolidation for global equities remains intact. Broad global indexes (MSCI ACWI, ACWI...

Vermilion Research

My Hunch, You May Say, on Indian Markets and Possible Investing Strategy

My thoughts or hunch on probable direction of Indian markets and investing strategy -To my mind, investors - have mostly adjusted themselves to the...

DC India Research

KEC - Strong Execution + Margin Imp + Int Cost Red. To Drive 30% PAT CaGR & Re-Rating

Background & BusinessKEC International is predominantly a T&D EPC company, with meaningful presence in international T&D space which...

DC India Research

Containerisation: Prerequisite to Efficient Inter-Modal and Multi-Modal Transportation in India

Containerisation of generalised cargo in India is stated to be only about 22%, a very low figure compared to the 80% in developed nations. The...

Speeda Research

"Freight" or Flight: A Look into the Indian Railways' Largest Revenue Segment

Since Independence, rail freight has played an important role in carrying the nation forward. But with freight traffic growth slowing, it is high...

Speeda Research