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

<p>Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  </p><p>Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.</p>

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

EM Outlook: Bullish, Led by BRIC and Asia

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<h2>JAPAN</h2><p><strong>NTT DOCOMO</strong> - Travis Lundy writes about this company in his note, <a href="https://www.smartkarma.com/insights/ntt-docomo-tender-offer-buyback-event" target="_blank" data-smartkarma-citation="insights:16046">NTT Docomo : Tender Offer Buyback Event</a>. Travis says that he would want to be long NTT Docomo and short NTT for a "drift trade" over the next 3 months. There will be buying support on NTT Docomo whereas the NTT buyback pressure putting a cushion under the stock price is likely done for now. The structure of the buyback also suggests that Docomo would buy back some 10-15% of ADV between mid-January and late March to complete…</p>

JAPANNTT DOCOMO - Travis Lundy writes about this company in his note, NTT Docomo : Tender Offer Buyback Event. Travis says that he would want to be long NTT Docomo and short NTT for a "drift trade" over the next 3 months. There will be buying support on NTT Docomo whereas the NTT buyback pressure putting a cushion under the stock price is likely done for now. The structure of the buyback also suggests that Docomo would buy back some 10-15% of ADV between mid-January and late March to complete…

The Week That Was in NorthAsia@Smartkarma: 5G, Xi-Moon Meeting, & Independent Research

Event-Driven

<ul>
<li>
<strong>It was reported today in local Korean media that the SK Group wants to acquire <a href="https://www.smartkarma.com/entities/10811" target="_blank" data-smartkarma-citation="entities:10811:1">Kumho Tire Co Inc (073240 KS)</a>, by injecting 700 billion won in the company in a rights offering.</strong> The SK Group expects additional synergies from its automotive parts business with the company's tire business. If this deal goes through, SK Group would have at least 30% stake in Kumho Tire, which would be enough for the management control. </li>
<li>As of December 14th, Kumho Tire's market cap was 635 billion won, so the…</li>
</ul>



It was reported today in local Korean media that the SK Group wants to acquire Kumho Tire Co Inc (073240 KS), by injecting 700 billion won in the company in a rights offering. The SK Group expects additional synergies from its automotive parts business with the company's tire business. If this deal goes through, SK Group would have at least 30% stake in Kumho Tire, which would be enough for the management control. 
As of December 14th, Kumho Tire's market cap was 635 billion won, so the…


Korea M&A Spotlight: SK Group Plans to Acquire Kumho Tire

<p>Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.</p>

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

Emerging Markets: Technical Strategy & Reccommendations

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Samsung Electronics Pref Shares / Event-Driven

<p>Let's do one interesting study here. In the last month (Oct 10-Nov 3), <a href="https://www.smartkarma.com/entities/23591" target="_blank" data-smartkarma-citation="entities:23591:1">Samsung Electronics Pref Shares (005935 KS)</a> ranked fifth in the local institutional top net buying list. Thanks to local institutions which have gone aggressive on SamE Pref in the last month, SamE Common-SamE Pref spread peaked at 81.63% on Nov 2, and it is now at 81.59% (as of Nov 3).</p><div>
<table class="table table-striped"><tbody>
<tr><td colspan="4">Local institutional investors' top 14 net buying stocks in KOSPI &amp; KOSDAQ between Oct 10-Nov 3</td></tr>
<tr>
<td><em><strong>Rank</strong></em></td>
<td><em><strong>Stock</strong></em></td>
<td><em><strong>Net trade volume</strong></em></td>
<td><em><strong>Net trade value (₩)</strong></em></td>
</tr>
<tr>
<td>1</td>
</tr>
</tbody></table>…</div>

Let's do one interesting study here. In the last month (Oct 10-Nov 3), Samsung Electronics Pref Shares (005935 KS) ranked fifth in the local institutional top net buying list. Thanks to local institutions which have gone aggressive on SamE Pref in the last month, SamE Common-SamE Pref spread peaked at 81.63% on Nov 2, and it is now at 81.59% (as of Nov 3).

Local institutional investors' top 14 net buying stocks in KOSPI &amp; KOSDAQ between Oct 10-Nov 3

Rank
Stock
Net trade volume
Net trade value (₩)


1

…

Samsung Electronics Common-Pref Spread - Data & Situational Study

South Korea

SK Innovation Co., Ltd. refines, markets, and distributes oil.  The Company produces a variety of petroleum products, such as gasoline, kerosene, liquefied petroleumgas (LPG), and diesel oil.  SK Energy also manufactures petrochemical p roducts, including paraxylene, synthetic resins, styrene monomer, and ethylene.

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

SK Innovation (096770 KS)

EM Outlook: Bullish, Led by BRIC and Asia

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs....

Vermilion Research

The Week That Was in NorthAsia@Smartkarma: 5G, Xi-Moon Meeting, & Independent Research

JAPANNTT DOCOMO - Travis Lundy writes about this company in his note, NTT Docomo : Tender Offer Buyback Event. Travis says that he would want to be...

Douglas Kim

Korea M&A Spotlight: SK Group Plans to Acquire Kumho Tire

It was reported today in local Korean media that the SK Group wants to acquire Kumho Tire Co Inc (073240 KS), by injecting 700 billion won in the...

Douglas Kim

Emerging Markets: Technical Strategy & Reccommendations

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of...

Vermilion Research

Samsung Electronics Common-Pref Spread - Data & Situational Study

Let's do one interesting study here. In the last month (Oct 10-Nov 3), Samsung Electronics Pref Shares (005935 KS) ranked fifth in the local...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)