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 short interest of TWSE Stocks as of Jul 3rd. The aggregated short interest was USD47.1bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Shin Kong Financial, Compeq Manufacturing, Hon Hai Precision, Wistron, Novatek Microelectronics.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jul 3rd. The aggregated short interest was USD47.1bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Shin Kong Financial, Compeq Manufacturing, Hon Hai Precision, Wistron, Novatek Microelectronics.


TWSE Short Interest Weekly (Jul 3rd): Shin Kong Financial, Compeq Manufacturing, Hon Hai Precision

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jun 19th. The aggregated short interest was USD50.1bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Shin Kong Financial, Global Unichip, Yageo, Zhen Ding Technology, LARGAN Precision.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jun 19th. The aggregated short interest was USD50.1bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Shin Kong Financial, Global Unichip, Yageo, Zhen Ding Technology, LARGAN Precision.


TWSE Short Interest Weekly (Jun 19th): Shin Kong Financial, Global Unichip, Yageo, LARGAN Precision

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

Shenzhen Stock Exchange Composite Index / Technical Analysis

Shenzhen Stock Exchange Composite Index (SZCOMP INDEX)

<p>China (MSCI China, Shenzhen A Share) offers a plethora of attractive setups and is a major focus in today’s report. Taiwan (TAIEX) is another focus as it is one of the few global indexes that is not yet breaking down. Lastly, Turkey (ISE National 100) appears to offer an attractive pullback opportunity. Within EM, we highlight attractive opportunities across the technology, consumer discretionary, health care and communications sectors.</p>

China (MSCI China, Shenzhen A Share) offers a plethora of attractive setups and is a major focus in today’s report. Taiwan (TAIEX) is another focus as it is one of the few global indexes that is not yet breaking down. Lastly, Turkey (ISE National 100) appears to offer an attractive pullback opportunity. Within EM, we highlight attractive opportunities across the technology, consumer discretionary, health care and communications sectors.

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jun 12th. The aggregated short interest was USD47.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Shin Kong Financial, Yang Ming Marine, UMC, Realtek Semiconductor, TSMC.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jun 12th. The aggregated short interest was USD47.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Shin Kong Financial, Yang Ming Marine, UMC, Realtek Semiconductor, TSMC.


TWSE Short Interest Weekly (Jun 12th): Shin Kong Financial, Yang Ming Marine, UMC, TSMC

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>Drinking milk products value sales grow by 4% to reach TWD28.5 billion in 2017</li><li>Prices for leading milk brands rise in 2017</li><li>Milk alternatives, fuelled by sales of soy milk, is the fastest-growing major category in 2017, with value sales rising by 5%</li><li>Rising costs of inputs drive a healthy increase in the average unit prices in 2017</li><li>Uni-President Enterprises Corp maintains the leading role in drinking milk products in 2017</li><li>Drinking milk products is anticipated to post a value CAGR of 1% at constant 2017 prices over the forecast period, and reach TWD29.2 billion in 2022</li></ul>

Drinking milk products value sales grow by 4% to reach TWD28.5 billion in 2017Prices for leading milk brands rise in 2017Milk alternatives, fuelled by sales of soy milk, is the fastest-growing major category in 2017, with value sales rising by 5%Rising costs of inputs drive a healthy increase in the average unit prices in 2017Uni-President Enterprises Corp maintains the leading role in drinking milk products in 2017Drinking milk products is anticipated to post a value CAGR of 1% at constant 2017 prices over the forecast period, and reach TWD29.2 billion in 2022

Sector Capsule: Drinking Milk Products in Taiwan

Taiwan

Standard Foods Corporation manufactures and sells powdered milk, cooking oil, baby foods, cereals, drinking water, and herbal drinks.  The Company operates as an agent to market Mentos candies.

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Standard Foods (1227 TT)

TWSE Short Interest Weekly (Jul 3rd): Shin Kong Financial, Compeq Manufacturing, Hon Hai Precision

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial, Compeq Manufacturing, Hon...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jun 19th): Shin Kong Financial, Global Unichip, Yageo, LARGAN Precision

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial, Global Unichip, Yageo, Zhen...

Ke Yan, CFA, FRM

EM Outperforming; Favor EM over EAFE

China (MSCI China, Shenzhen A Share) offers a plethora of attractive setups and is a major focus in today’s report. Taiwan (TAIEX) is another focus...

Vermilion Research

TWSE Short Interest Weekly (Jun 12th): Shin Kong Financial, Yang Ming Marine, UMC, TSMC

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial, Yang Ming Marine, UMC,...

Ke Yan, CFA, FRM

Sector Capsule: Drinking Milk Products in Taiwan

Drinking milk products value sales grow by 4% to reach TWD28.5 billion in 2017 Prices for leading milk brands rise in 2017 Milk alternatives,...

Euromonitor International Ltd.

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