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

<p>We continue to observe the market broadening out into the Cyclical areas of the economy. Our outlook remains bullish and we believe the trajectory is up and to the right. In today’s report we highlight attractive Groups and stocks within Energy and Basic Materials: Ethanol, Metals, Steel, Integrated, U.S., Specialty Chemicals Small-Cap</p>

We continue to observe the market broadening out into the Cyclical areas of the economy. Our outlook remains bullish and we believe the trajectory is up and to the right. In today’s report we highlight attractive Groups and stocks within Energy and Basic Materials: Ethanol, Metals, Steel, Integrated, U.S., Specialty Chemicals Small-Cap

U.S. Equity Strategy: Up and to the Right

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<p>Following up on our previous insight, our discussion with the company lead us to remain positive on the stock despite some valuation concerns.</p><ul>
<li>Within an industry where pressure to consolidate appears to be growing, we find Kansai Paint's relatively restrained approach to be the least risky. Our view is that cost-synergies are likely to be limited outside of the decorative paints market and are unlikely to be exceedingly large even there.</li>
<li>Buying brands and scale is not in and of itself a negative…</li>
</ul>

Following up on our previous insight, our discussion with the company lead us to remain positive on the stock despite some valuation concerns.
Within an industry where pressure to consolidate appears to be growing, we find Kansai Paint's relatively restrained approach to be the least risky. Our view is that cost-synergies are likely to be limited outside of the decorative paints market and are unlikely to be exceedingly large even there.
Buying brands and scale is not in and of itself a negative…


Kansai Paint: Emerging Markets Exposure, M&A and Gearing to a South African Recovery

United States

Tronox Holdings PLC operates as a holding company. The Company, through its subsidiaries, produces chemical products such as mineral sands, paints, and plastics. Tronox Holdings markets its products in the United Kingdom.

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Tronox Holdings (TROX US)

U.S. Equity Strategy: Up and to the Right

We continue to observe the market broadening out into the Cyclical areas of the economy. Our outlook remains bullish and we believe the trajectory...

Vermilion Research

Kansai Paint: Emerging Markets Exposure, M&A and Gearing to a South African Recovery

Following up on our previous insight, our discussion with the company lead us to remain positive on the stock despite some valuation...

Mio Kato

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Market Cap (USDm)

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