Macro & Asian equity Technical Strategies, BBSP Asia

Federico D'Inca

Macro & Asian equity Technical Strategies

BBSP Asia

Technical Analysis

China Construction Bank / Technical Analysis

<p>Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAP</p><p>This week:<br>• Signals for a new tactical opportunity: Upgrade on Kospi to “Increase Exposure” from “Hold”, within a long term Kospi outperformance.<br>• No change for the other countries: Still Overweight Nikkei, Nifty, HSI and HSCEI.<br>• ASX under the radar for a potential outperformance (watching reintegration of channel on the ASX/MXAP at 38.60/38.85 ) but maintain hold for now until the signal is triggered. Also, keep “hold” for TWSE.</p>

Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAPThis week: • Signals for a new tactical opportunity: Upgrade on Kospi to “Increase Exposure” from “Hold”, within a long term Kospi outperformance. • No change for the other countries: Still Overweight Nikkei, Nifty, HSI and HSCEI. • ASX under the radar for a potential outperformance (watching reintegration of channel on the ASX/MXAP at 38.60/38.85 ) but maintain hold for now until the signal is triggered. Also, keep “hold” for TWSE.

BBSP Equity Asia Weekly Research 31 May 2017

<p>Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAPMid Term Country Allocation (Tactical view) in terms of RV vs MXAP</p><h2>Reminder Last Week:</h2><p>Rating on ASX and Nifty were unchanged (overweight). HSCEI and HSI were upgraded from “hold” to “increase exposure” and TWSE downgraded from “increase” to “hold”. Nikkei and Kospi both long-term outperformers were under the radar for any tactical opportunities.</p><h2>This week:</h2><ul><li>Maintain Overweight” on ASX, Nifty, HSI and HSCEI.</li><li>Upgrade Nikkei from “hold “to “increase exposure”.</li><li>Long term/strategic Kospi outperformance in progress, however in the shorter term, the ratio Kospi/MXAP is not at good tactical entry level (now close to first long term target). Keep this country on “hold” /under the radar, for now, awaiting new signals/opportunities to play the long-term view. Same for TWSE already downgraded last week from increase to “hold”.</li></ul>

Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAPMid Term Country Allocation (Tactical view) in terms of RV vs MXAPReminder Last Week:Rating on ASX and Nifty were unchanged (overweight). HSCEI and HSI were upgraded from “hold” to “increase exposure” and TWSE downgraded from “increase” to “hold”. Nikkei and Kospi both long-term outperformers were under the radar for any tactical opportunities.This week:Maintain Overweight” on ASX, Nifty, HSI and HSCEI.Upgrade Nikkei from “hold “to “increase exposure”.Long term/strategic Kospi outperformance in progress, however in the shorter term, the ratio Kospi/MXAP is not at good tactical entry level (now close to first long term target). Keep this country on “hold” /under the radar, for now, awaiting new signals/opportunities to play the long-term view. Same for TWSE already downgraded last week from increase to “hold”.

BBSP Equity Asia Weekly Research 10 May 2017

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 ASX Stocks as of Apr 17th (reported today). The aggregated short interest was USD44.8bn.</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 Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Apr 17th (reported today). The aggregated short interest was USD44.8bn.
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 Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals.


ASX Short Interest Weekly (Apr 17th): Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

<p>It has been slightly over half a year since I joined this community, so here is a brief summary of stock calls that worked and stock calls that didn't work for me. </p><blockquote><p style="text-align: center;"><strong>But first, a note of thanks to the SK community</strong></p></blockquote><p>Besides doing an update, it is also an opportunity to thank everyone here at Smartkarma for your wonderful support (especially the Data Desk team) and collaborative work with fellow insight providers. Looking forward to a stellar year ahead together!</p><h2>Table showing IPO deals covered</h2><table class="table table-striped"><tbody>
<tr>
<td><strong>IPO</strong></td>
</tr>
</tbody></table>…

It has been slightly over half a year since I joined this community, so here is a brief summary of stock calls that worked and stock calls that didn't work for me. But first, a note of thanks to the SK communityBesides doing an update, it is also an opportunity to thank everyone here at Smartkarma for your wonderful support (especially the Data Desk team) and collaborative work with fellow insight providers. Looking forward to a stellar year ahead together!Table showing IPO deals covered

IPO

…

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Australia's ASIC releases the aggregated short position data four business days after the reporting day.<strong> Data in this insight is up to 13th April, published ~9AM on the 17th April</strong>.</li>
<li>The largest industry net increase in the past week was A$1.3bn into "<strong>Diversified Banks</strong>"; the largest industry net decrease was A$144mn out of "<strong>Oil&amp;Gas</strong>". <strong>Net shorts increased A$5.3bn week-on-week</strong>.</li>
<li>Companies mentioned in this regular weekly report include: <strong><a href="https://www.smartkarma.com/entities/commonwealth-bank-of-australia" target="_blank" data-smartkarma-citation="entities:14:1" rel="noopener">Commonwealth Bank of Australia (CBA AU)</a></strong>, <strong><a href="https://www.smartkarma.com/entities/woodside-energy-group-ltd" target="_blank" data-smartkarma-citation="entities:13190:1" rel="noopener">Woodside Energy (WDS AU)</a></strong>, <strong><a href="https://www.smartkarma.com/entities/droneshield-ltd" target="_blank" data-smartkarma-citation="entities:30509:1" rel="noopener">DroneShield (DRO AU)</a></strong>, <strong><a href="https://www.smartkarma.com/entities/straits-resources-ltd" target="_blank" data-smartkarma-citation="entities:12080:1" rel="noopener">Aeris Resources (AIS AU)</a></strong>, and <strong><a href="https://www.smartkarma.com/entities/mcmillan-shakespeare-ltd" target="_blank" data-smartkarma-citation="entities:3023:1" rel="noopener">Mcmillan Shakespeare (MMS AU)</a></strong>.</li>
</ul>


Australia's ASIC releases the aggregated short position data four business days after the reporting day. Data in this insight is up to 13th April, published ~9AM on the 17th April.
The largest industry net increase in the past week was A$1.3bn into "Diversified Banks"; the largest industry net decrease was A$144mn out of "Oil&amp;Gas". Net shorts increased A$5.3bn week-on-week.
Companies mentioned in this regular weekly report include: Commonwealth Bank of Australia (CBA AU), Woodside Energy (WDS AU), DroneShield (DRO AU), Aeris Resources (AIS AU), and Mcmillan Shakespeare (MMS AU).


Aussie Shorts [13th Apr]: CBA, Woodside Energy, DroneShield, Aeris Res., Mcmillan Shakespeare

Australia

Woolworths Limited operates supermarkets, specialty and discount department stores, liquor and electronics stores throughout Australia.  Woolworths also manufactures processed foods, exports and wholesales food and offers petrol retailing.  The Company also operates hotels which includes pubs, food, accommodation, and gaming operations.

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Woolworths Ltd (WOW AU)

BBSP Equity Asia Weekly Research 31 May 2017

Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAPThis week:• Signals for a new tactical opportunity: Upgrade on Kospi to “Increase...

BBSP Asia

BBSP Equity Asia Weekly Research 10 May 2017

Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAPMid Term Country Allocation (Tactical view) in terms of RV vs MXAPReminder Last...

BBSP Asia

ASX Short Interest Weekly (Apr 17th): Amcor, 4Dmedical Ltd, Telstra, Coles, Telix Pharmaceuticals

We analyzed ASX short interest report for the past week and highlight short interest changes in Amcor, 4Dmedical Ltd, Telstra, Coles, Telix...

Ke Yan, CFA, FRM

A Summary of Stock Calls and Actions

It has been slightly over half a year since I joined this community, so here is a brief summary of stock calls that worked and stock calls that...

Valerie Law, CFA

Aussie Shorts [13th Apr]: CBA, Woodside Energy, DroneShield, Aeris Res., Mcmillan Shakespeare

Companies mentioned in this regular weekly report include CBA (CBA AU), Woodside Energy (WDS AU), DroneShield (DRO AU), Aeris Resources (AIS AU),...

David Blennerhassett

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