Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Thematic (Sector/Industry)

Consumer Staples are a good inflation hedge, but only if they can pass on the increase in raw material costs to end consumers. In a scenario of high unemployment and collapsing demand this may not always be possible.We have taken a look at the change in short interest on Asian consumer staples names across Hong Kong, Korea, Taiwan and Japan to identify stocks that the market is betting on and against.There is a fair bit of variability among the HK and Taiwan stocks, short interest has been broadly lower in Korea and has been plummeting in Japan. Investors can use the data as one of the inputs in identifying stocks that could benefit from an increase in inflation in the near/medium term.

Consumer Staples are a good inflation hedge, but only if they can pass on the increase in raw material costs to end consumers. In a scenario of high unemployment and collapsing demand this may not always be possible.We have taken a look at the change in short interest on Asian consumer staples names across Hong Kong, Korea, Taiwan and Japan to identify stocks that the market is betting on and against.There is a fair bit of variability among the HK and Taiwan stocks, short interest has been broadly lower in Korea and has been plummeting in Japan. Investors can use the data as one of the inputs in identifying stocks that could benefit from an increase in inflation in the near/medium term.

Asian Consumer Staples - Inflation Hedge?

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

Broadly speaking, RS for MSCI EM is currently exhibiting some mild deterioration vs. MSCI EAFE following four months of clear outperformance. Nonetheless, the MSCI EM index is bottoming and remains attractive from a price perspective.  In today's report we offer a technical appraisal of major EM markets, and offer a host of technically attractivec bottoms-up stock ideas across the EM universe.

Broadly speaking, RS for MSCI EM is currently exhibiting some mild deterioration vs. MSCI EAFE following four months of clear outperformance. Nonetheless, the MSCI EM index is bottoming and remains attractive from a price perspective.  In today's report we offer a technical appraisal of major EM markets, and offer a host of technically attractivec bottoms-up stock ideas across the EM universe.

EM Equity Strategy: Cyclicals Leading, China Surging

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>The launch of the first CJ Olive Young cosmetics stores in Pasadena, California, could serve as a positive catalyst for the Korean cosmetics industry/CJ Corp for two key reasons. </li>
<li>First, nearly 80%+ of the cosmetic brands that are sold at the Olive Young stores will be Korean cosmetic brands (especially from SMEs).</li>
<li>Second, CJ Corp owns a 51.2% of CJ Olive Young. A successful expansion of Olive Young stores in the U.S. will have a major positive impact on CJ Corp. </li>
</ul>


The launch of the first CJ Olive Young cosmetics stores in Pasadena, California, could serve as a positive catalyst for the Korean cosmetics industry/CJ Corp for two key reasons. 
First, nearly 80%+ of the cosmetic brands that are sold at the Olive Young stores will be Korean cosmetic brands (especially from SMEs).
Second, CJ Corp owns a 51.2% of CJ Olive Young. A successful expansion of Olive Young stores in the U.S. will have a major positive impact on CJ Corp. 


Launch of the First CJ Olive Young Cosmetics Store in Pasadena, CA - Why Is This A Key Catalyst?

<div class="content-highlight">It was reported in numerous Korean media outlets after the market close today that the Chinese government announced that it will allow group tours from the Wuhan region to South Korea starting May 7th. Wuhan, which has about 11 million people, is the capital of Hubei Province in China. In addition to Wuhan, the city of Chongqing, which has about 30 million people, located in the southwest China, is also expected to allow group tours to South Korea soon. This is positive to the key sectors in…</div>

It was reported in numerous Korean media outlets after the market close today that the Chinese government announced that it will allow group tours from the Wuhan region to South Korea starting May 7th. Wuhan, which has about 11 million people, is the capital of Hubei Province in China. In addition to Wuhan, the city of Chongqing, which has about 30 million people, located in the southwest China, is also expected to allow group tours to South Korea soon. This is positive to the key sectors in…

China Allows Group Tours from Wuhan to Korea

On Friday (March 30th), a top Chinese envoy, State Councilor Yang Jiechi, promised that China will reduce retaliation against South Korea due to the THAAD deployment. In particular, Yang Jeichi mentioned three specific measures below which should become more normalized in the coming weeks. <ul><li>
Normalization of Chinese group tours to South Korea - Prior to the Pyeongchang Winter Olympics, the Chinese government allowed group tours to South Korea from only a few specific cities such as Beijing but…</li></ul>

On Friday (March 30th), a top Chinese envoy, State Councilor Yang Jiechi, promised that China will reduce retaliation against South Korea due to the THAAD deployment. In particular, Yang Jeichi mentioned three specific measures below which should become more normalized in the coming weeks. 
Normalization of Chinese group tours to South Korea - Prior to the Pyeongchang Winter Olympics, the Chinese government allowed group tours to South Korea from only a few specific cities such as Beijing but…

China Promises Reduced Retaliation Against South Korea Due to THAAD

South Korea

Kolmar Korea Co., Ltd. manufactures and distributes personal care products. The Company produces cosmetics. Kolmar Korea also produces medicine and healthcare products.

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Kolmar Korea (161890 KS)

Asian Consumer Staples - Inflation Hedge?

Consumer Staples are a good inflation hedge, but only if they can pass on the increase in raw material costs to end consumers. In a scenario of...

Brian Freitas

EM Equity Strategy: Cyclicals Leading, China Surging

Broadly speaking, RS for MSCI EM is currently exhibiting some mild deterioration vs. MSCI EAFE following four months of clear outperformance....

Vermilion Research

Launch of the First CJ Olive Young Cosmetics Store in Pasadena, CA - Why Is This A Key Catalyst?

The launch of the first CJ Olive Young cosmetics stores in Pasadena, California, could serve as a positive catalyst for the Korean cosmetics...

Douglas Kim

China Allows Group Tours from Wuhan to Korea

It was reported in numerous Korean media outlets after the market close today that the Chinese government announced that it will allow group tours...

Douglas Kim

China Promises Reduced Retaliation Against South Korea Due to THAAD

On Friday (March 30th), a top Chinese envoy, State Councilor Yang Jiechi, promised that China will reduce retaliation against South Korea due to...

Douglas Kim

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52-week Range

Market Cap (USDm)

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