Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>Hong Kong has pulled back this month as the U.S. trade war intensifies, however it remains in a Secular Bull Market.</li>
<li>Materials and Healthcare sectors continue to outperform YTD, with Technology coming in a distant 3rd place.</li>
<li>
<a href="https://www.smartkarma.com/entities/hengan-international-group-co-ltd" target="_blank" data-smartkarma-citation="entities:29:1" rel="noopener">Hengan International Group (1044 HK)</a>  had multiple breakouts relative to MSCI Asian indexes and on an absolute basis.  Analysts' recommendations are split as the shares trade at their target price.
</li>
</ul>


Hong Kong has pulled back this month as the U.S. trade war intensifies, however it remains in a Secular Bull Market.
Materials and Healthcare sectors continue to outperform YTD, with Technology coming in a distant 3rd place.

Hengan International Group (1044 HK)  had multiple breakouts relative to MSCI Asian indexes and on an absolute basis.  Analysts' recommendations are split as the shares trade at their target price.



Technically Speaking Breakouts & Breakdowns - HONG KONG (October 18)

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

Shenton Research

Shenton 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 analyze the weekly Hong Kong Connect flows with our data engine for holding position as of September 11th.</li>
<li>The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.</li>
<li>We highlight flows for Smic, Bidu, Hua Hong Semi, Zj Innolight, Xiaomi, Tencent, China Mobile, Innovent Bio, Zijin Mining.</li>
</ul>


We analyze the weekly Hong Kong Connect flows with our data engine for holding position as of September 11th.
The top stocks by inflows and outflows were tabulated for all market, HSCEI, mid cap and s/mid cap groups.
We highlight flows for Smic, Bidu, Hua Hong Semi, Zj Innolight, Xiaomi, Tencent, China Mobile, Innovent Bio, Zijin Mining.


HK Connect Flows Weekly (Sep 11th): Smic, Bidu, Hua Hong Semi, Zj Innolight, Xiaomi, Tencent

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<ul>
<li>A sharp decline in lumber prices this year suggests potential difficulties in the global housing market but it should also be a positive factor in the pulp &amp; paper industry.</li>
<li>Nine Dragons Paper, Oji Holdings, and Hansol Paper are some of the best Asian pulp &amp; paper plays that could benefit from lower lumber prices in the next several months.</li>
<li>The major drivers of lower lumber prices include higher interest rates and concerns about the global housing sector, mainly in the US with signs of lower home sales.</li>
</ul>


A sharp decline in lumber prices this year suggests potential difficulties in the global housing market but it should also be a positive factor in the pulp &amp; paper industry.
Nine Dragons Paper, Oji Holdings, and Hansol Paper are some of the best Asian pulp &amp; paper plays that could benefit from lower lumber prices in the next several months.
The major drivers of lower lumber prices include higher interest rates and concerns about the global housing sector, mainly in the US with signs of lower home sales.


Decline in Lumber Prices Suggests Looming Difficulties in Housing but a Positive in Pulp & Paper

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul>
<li>China’s papermaking companies have been raising prices since last month due to solid overseas demand and rising raw material costs amid supply chain disruptions</li>
<li>Rising paper prices in the world’s largest producer and consumer of the commodity has sparked concerns of consumer inflation if higher costs get passed down to consumers</li>
<li>The concern has grown more acute with the war between Russia and Ukraine, which analysts worry will continue to add pressure to global supply chains.</li>
</ul>


China’s papermaking companies have been raising prices since last month due to solid overseas demand and rising raw material costs amid supply chain disruptions
Rising paper prices in the world’s largest producer and consumer of the commodity has sparked concerns of consumer inflation if higher costs get passed down to consumers
The concern has grown more acute with the war between Russia and Ukraine, which analysts worry will continue to add pressure to global supply chains.


China’s Papermaker Price Hikes Add to Inflation Worries

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

Major global indexes (MSCI ACWI, ACWI ex-US, EM, and EAFE) continue to trend higher and are devoid of bearish inflections. Additionally, the US dollar (DXY) is likely headed lower, something we view as a positive risk-on signal for global equities. As a result, we remain bullish and we continue to recommend adding exposure on pullbacks.

Major global indexes (MSCI ACWI, ACWI ex-US, EM, and EAFE) continue to trend higher and are devoid of bearish inflections. Additionally, the US dollar (DXY) is likely headed lower, something we view as a positive risk-on signal for global equities. As a result, we remain bullish and we continue to recommend adding exposure on pullbacks.

Japan Breaking Out; EM Remains Leadership

Hong Kong

Nine Dragons Paper is a leading global paper manufacturing group specializing in the integrated production of pulp and paper. The company's main products include various types of environmentally friendly packaging paper, printing and writing paper, and high-end virgin paper. Headquartered in Dongguan City, Guangdong Province, China, the company was established in 1995.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nine Dragons Paper (2689 HK)

Technically Speaking Breakouts & Breakdowns - HONG KONG (October 18)

Hong Kong has pulled back this month as the U.S. trade war intensifies, however it remains in a Secular Bull Market. Materials and Healthcare...

David Mudd

HK Connect Flows Weekly (Sep 11th): Smic, Bidu, Hua Hong Semi, Zj Innolight, Xiaomi, Tencent

We analyzed southbound Hong Kong connect flows in the past week and highlighted flows for Smic, Bidu, Hua Hong Semi, Zj Innolight, Xiaomi, Tencent,...

Ke Yan, CFA, FRM

Decline in Lumber Prices Suggests Looming Difficulties in Housing but a Positive in Pulp & Paper

A sharp decline in lumber prices this year suggests potential difficulties in the global housing market but it should also be a positive factor in...

Douglas Kim

China’s Papermaker Price Hikes Add to Inflation Worries

China’s papermaking companies have been raising prices since last month due to solid overseas demand and rising raw material costs amid supply...

Caixin Global

Japan Breaking Out; EM Remains Leadership

Major global indexes continue to trend higher and are devoid of bearish inflections. As a result, we remain bullish and we continue to recommend...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)