AEJ energy/material/healthcare analyst, Troika Advisory

Kenneth Whee

AEJ energy/material/healthcare analyst

Troika Advisory

Equity Bottom-Up

1Q surprise, significant room for upside from its core engine, consensus too low still  On the heels of a solid 1Q beat, Kumho Petrochemical (KKPC) looks uniquely underrated, given significant scope for further gains in its core domain - its margin-accretive exposure to late-cycle products (C4-chain) coupled with its bold bottom-of-the-cycle capex (operating asset size more than doubled since 2011) which effectively points to far better peak earnings power vs. previous peak. Another round of…

1Q surprise, significant room for upside from its core engine, consensus too low still  On the heels of a solid 1Q beat, Kumho Petrochemical (KKPC) looks uniquely underrated, given significant scope for further gains in its core domain - its margin-accretive exposure to late-cycle products (C4-chain) coupled with its bold bottom-of-the-cycle capex (operating asset size more than doubled since 2011) which effectively points to far better peak earnings power vs. previous peak. Another round of…

Kumho Petrochemical: This Machine Ready to Roll Again

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

Highlighted themes and actionable charts: Reiterating BRIC overweight. This country grouping continues to outperform broad EM, and we believe BRIC will be a primary source of outperformance relative to the MSCI EM Index moving forward.  Today’s report includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations within EM.

Highlighted themes and actionable charts: Reiterating BRIC overweight. This country grouping continues to outperform broad EM, and we believe BRIC will be a primary source of outperformance relative to the MSCI EM Index moving forward.  Today’s report includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations within EM.

EM Equity Strategy: Indonesia Perking Up; Overweight BRIC, Tech, and Health Care

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

Emerging Markets: Technical Strategy & Reccommendations

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

The THAAD system installation in South Korea has been one of the biggest negative factors impacting the Korean stock market in the past year. It is fair to claim that if there was no THAAD problem between China and South Korea, the KOSPI could be trading at 10 to 15%+ higher than at current levels. China's THAAD related economic retaliation has come in several stages, and not all at once since the THAAD installation was first announced on July 8th, 2016. On Friday, September 22nd, 2017, the…

The THAAD system installation in South Korea has been one of the biggest negative factors impacting the Korean stock market in the past year. It is fair to claim that if there was no THAAD problem between China and South Korea, the KOSPI could be trading at 10 to 15%+ higher than at current levels. China's THAAD related economic retaliation has come in several stages, and not all at once since the THAAD installation was first announced on July 8th, 2016. On Friday, September 22nd, 2017, the…

THAAD Related Risks Expand to the Korean Chemical Sector

<ul>
<li>The US Department of Commerce announced a preliminary round of anti-dumping tariffs ranging 11.6 to 44.3 percent of certain types of synthetic rubber (ESBR - Emulsion Styrene Butadiene Rubber) from Korea on February 18th. Other countries involved in this anti-dumping tariffs include Mexico, Brazil, and Poland.</li>
<li>About three weeks ago, the US government announced the first anti-dumping tariffs on Korean-made DOTP petrochemical products. Remember, this is a preliminary round of anti-dumping tariffs…</li>
</ul>


The US Department of Commerce announced a preliminary round of anti-dumping tariffs ranging 11.6 to 44.3 percent of certain types of synthetic rubber (ESBR - Emulsion Styrene Butadiene Rubber) from Korea on February 18th. Other countries involved in this anti-dumping tariffs include Mexico, Brazil, and Poland.
About three weeks ago, the US government announced the first anti-dumping tariffs on Korean-made DOTP petrochemical products. Remember, this is a preliminary round of anti-dumping tariffs…


Trump Administration Announces Preliminary Anti-Dumping Tariffs on Korean Made ESBR Synthetic Rubber

South Korea

Kumho Petrochemical Co., Ltd. manufactures synthetic rubbers, synthetic resins, and rubber chemicals.  The Company's products include styrene butadiene, acrylonitrile butadiene, polystyrene, expandable polystyrene, and antioxidant.  Kumho Petrochemical provides construction, transportation, and financial services through its subsidiaries.

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Kumho Petro Chemical (011780 KS)

Kumho Petrochemical: This Machine Ready to Roll Again

1Q surprise, significant room for upside from its core engine, consensus too low still On the heels of a solid 1Q beat, Kumho Petrochemical (KKPC)...

Kenneth Whee

EM Equity Strategy: Indonesia Perking Up; Overweight BRIC, Tech, and Health Care

Highlighted themes and actionable charts: Reiterating BRIC overweight. This country grouping continues to outperform broad EM, and we believe BRIC...

Vermilion Research

Emerging Markets: Technical Strategy & Reccommendations

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of...

Vermilion Research

Trump Administration Announces Preliminary Anti-Dumping Tariffs on Korean Made ESBR Synthetic Rubber

The US Department of Commerce announced a preliminary round of anti-dumping tariffs ranging 11.6 to 44.3 percent of certain types of synthetic...

Douglas Kim

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52-week Range

Market Cap (USDm)

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Kumho Petrochemical: This Machine Ready to Roll Again

1Q surprise, significant room for upside from its core engine, consensus too low still On the heels of a solid 1Q beat, Kumho Petrochemical (KKPC)...

Kenneth Whee

EM Equity Strategy: Indonesia Perking Up; Overweight BRIC, Tech, and Health Care

Highlighted themes and actionable charts: Reiterating BRIC overweight. This country grouping continues to outperform broad EM, and we believe BRIC...

Vermilion Research

Emerging Markets: Technical Strategy & Reccommendations

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of...

Vermilion Research

THAAD Related Risks Expand to the Korean Chemical Sector

The THAAD system installation in South Korea has been one of the biggest negative factors impacting the Korean stock market in the past year. It is...

Douglas Kim

Trump Administration Announces Preliminary Anti-Dumping Tariffs on Korean Made ESBR Synthetic Rubber

The US Department of Commerce announced a preliminary round of anti-dumping tariffs ranging 11.6 to 44.3 percent of certain types of synthetic...

Douglas Kim