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

We are no longer recommending an overweight to China (MSCI China) due to recent RS deterioration. Our favorite countries remain Taiwan (TAIEX) and India (SENSEX), while Brazil (Bovespa) and South Korea (KOSPI) display improving price and RS trends -- add exposure. MSCI EM Technology and Materials are our top two Sector overweights. Additionally, the EM Health Care Sector shows bullish price and RS inflections, making it a timely Sector to add exposure to at current levels.

We are no longer recommending an overweight to China (MSCI China) due to recent RS deterioration. Our favorite countries remain Taiwan (TAIEX) and India (SENSEX), while Brazil (Bovespa) and South Korea (KOSPI) display improving price and RS trends -- add exposure. MSCI EM Technology and Materials are our top two Sector overweights. Additionally, the EM Health Care Sector shows bullish price and RS inflections, making it a timely Sector to add exposure to at current levels.

Overweight EM Vs. EAFE; Dollar Weakness Continues

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Thematic (Sector/Industry)

<ul>
<li>SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.</li>
<li>
Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…</li>
</ul>


SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.

Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…


Average 19% YTD Gain in Key Mining Stocks

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

We at Smartkarma Special Situations put out a weekly update on trade ideas we like, key events from the week gone by and what to look out for in the week ahead.Risk arbitrage trades we have our eyes on are:<ul><li><a href="https://www.smartkarma.com/entities/13301" target="_blank" data-smartkarma-citation="entities:13301:1">ARA Asset Management (ARA SP)</a> / Consortium</li><li><a href="https://www.smartkarma.com/entities/15914" target="_blank" data-smartkarma-citation="entities:15914:1">Calsonic Kansei Corp (7248 JP)</a> / KKR</li><li><a href="https://www.smartkarma.com/entities/8117" target="_blank" data-smartkarma-citation="entities:8117:1">Innovalues Ltd (IP SP)</a> / Northstar Group</li><li><a href="https://www.smartkarma.com/entities/11728" target="_blank" data-smartkarma-citation="entities:11728:1">Cover More Group Ltd (CVO AU)</a> / <a href="https://www.smartkarma.com/entities/22592" target="_blank" data-smartkarma-citation="entities:22592:1">Zurich Insurance Group AG (ZURN VX)</a></li><li><a href="https://www.smartkarma.com/entities/14615" target="_blank" data-smartkarma-citation="entities:14615:1">Tatts Group Ltd (TTS AU)</a> / Pacific Consortium </li></ul>Have a great weekend!

We at Smartkarma Special Situations put out a weekly update on trade ideas we like, key events from the week gone by and what to look out for in the week ahead.Risk arbitrage trades we have our eyes on are:ARA Asset Management (ARA SP) / ConsortiumCalsonic Kansei Corp (7248 JP) / KKRInnovalues Ltd (IP SP) / Northstar GroupCover More Group Ltd (CVO AU) / Zurich Insurance Group AG (ZURN VX)Tatts Group Ltd (TTS AU) / Pacific Consortium Have a great weekend!

Smartkarma - Special Situations Weekly Update (19 Dec 2016)

This afternoon, it was <a href="http://uk.reuters.com/article/us-asahi-glass-m-a-idUKKBN1430II" target="_blank">reported</a> that Asahi Glass would be buying  a 59% percent stake in Vinythai from Belgium's <a href="https://www.smartkarma.com/entities/21346" target="_blank" data-smartkarma-citation="entities:21346:1">Solvay SA (SOLB BB)</a><blockquote>The Japanese maker of autoglass and display panel components will pay 33.5 billion yen for the stake, with the purchase to be completed by the end of June next year, it said in a statement released through the Tokyo Stock Exchange.</blockquote>Asahi Glass made their announcement <a href="http://www.agc.com/english/news/20161214e.pdf" target="_blank">here</a> (3 pg document):<blockquote>
AGC Asahi Glass (“the Company”) hereby announces that the Company has entered…
</blockquote>

This afternoon, it was reported that Asahi Glass would be buying  a 59% percent stake in Vinythai from Belgium's Solvay SA (SOLB BB)The Japanese maker of autoglass and display panel components will pay 33.5 billion yen for the stake, with the purchase to be completed by the end of June next year, it said in a statement released through the Tokyo Stock Exchange.Asahi Glass made their announcement here (3 pg document):
AGC Asahi Glass (“the Company”) hereby announces that the Company has entered…


Vinythai / Asahi Glass - Solvay Sells Out at THB 15, Mandatory Offer to Follow

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to all our Thai friends in your time of grief.Thailand is sailing into unchartered waters, considering that nearly everyone alive has only known one King and that his fiat power was immense, built up over years of devotion to the country.We expect that the Thai stock market will be hurt in the near term, but will eventually stabilize.

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to all our Thai friends in your time of grief.Thailand is sailing into unchartered waters, considering that nearly everyone alive has only known one King and that his fiat power was immense, built up over years of devotion to the country.We expect that the Thai stock market will be hurt in the near term, but will eventually stabilize.

Thailand Mourns Fallen King, Healing Will Take Some Time

Thailand

Vinythai Public Company Limited manufactures suspension and emulsion Polyvinyl Chloride (PVC) resin and Sodium Hydroxide (caustic soda) which are supplied to industrial manufacturers of various plastic products including electrical wires, PVC pipes, floor covering, medical gloves, car accessories, and toys.

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Vinythai Public Co (VNT TB)

Overweight EM Vs. EAFE; Dollar Weakness Continues

Our favorite countries remain Taiwan (TAIEX) and India (SENSEX), while Brazil (Bovespa) and South Korea (KOSPI) display improving price and RS...

Vermilion Research

Average 19% YTD Gain in Key Mining Stocks

SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold...

Singapore Exchange Ltd (SGX)

Smartkarma - Special Situations Weekly Update (19 Dec 2016)

We at Smartkarma Special Situations put out a weekly update on trade ideas we like, key events from the week gone by and what to look out for in...

Crispin Francis

Vinythai / Asahi Glass - Solvay Sells Out at THB 15, Mandatory Offer to Follow

This afternoon, it was reported that Asahi Glass would be buying a 59% percent stake in Vinythai from Belgium's Solvay SA (SOLB BB)The Japanese...

Crispin Francis

Thailand Mourns Fallen King, Healing Will Take Some Time

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to...

A. Stotz Investment Research

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