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

China (MSCI China) continues to offer many attractive setups and accounts for the vast majority of today’s recommendations. Taiwan (TAIEX) continues to be worthy of an overweight within the EM universe, while Brazil (Bovespa) and India (SENSEX) display improving price and RS trends -

China (MSCI China) continues to offer many attractive setups and accounts for the vast majority of today’s recommendations. Taiwan (TAIEX) continues to be worthy of an overweight within the EM universe, while Brazil (Bovespa) and India (SENSEX) display improving price and RS trends -

US Dollar Weakness Remains A Tailwind For EM

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

Our objective with this weekly is to highlight notable developments in the India internet and consumer sector focusing on public and private companies. The sub-sectors covered include payment providers, e-commerce retailers,  social media platforms and consumer companies.
<ul>
<li>
<a href="https://www.smartkarma.com/entities/tata-group" target="_blank" data-smartkarma-citation="entities:25998:1" rel="noopener">Tata Group (1396Z IN)</a> is aiming to become a serious contender in the Indian E-Commerce race with a potential stake in <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:787:1" rel="noopener">Alibaba Group (BABA US)</a> backed BigBasket</li>
<li>
<a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> re-gains its top slot in global smartphones thanks to market share gains in India</li>
<li>
<a href="https://www.smartkarma.com/entities/facebook-inc-a" target="_blank" data-smartkarma-citation="entities:665:1" rel="noopener">Facebook Inc A (FB US)</a> backed Whatsapp Pay gets its act together in the already competitive Indian Payments Market, expected to roll out soon. </li>
<li>India bans import of AC units, but we see no major market share gains for top players. </li>
</ul>

Our objective with this weekly is to highlight notable developments in the India internet and consumer sector focusing on public and private companies. The sub-sectors covered include payment providers, e-commerce retailers,  social media platforms and consumer companies.


Tata Group (1396Z IN) is aiming to become a serious contender in the Indian E-Commerce race with a potential stake in Alibaba Group (BABA US) backed BigBasket

Samsung Electronics (005930 KS) re-gains its top slot in global smartphones thanks to market share gains in India

Facebook Inc A (FB US) backed Whatsapp Pay gets its act together in the already competitive Indian Payments Market, expected to roll out soon. 
India bans import of AC units, but we see no major market share gains for top players. 


India Internet & Consumer Weekly | Bigbasket, Samsung, Whatsapp Pay, India's AC Ban

Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

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.

Gree Electric Appliances / Equity Bottom-Up

In mid-September, it was reported by Reuters that the Chinese air conditioner maker, Gree Electric Appliances is among one of the potential bidders for Philips’ domestic appliance business. Reuters also mentioned that the other interested candidates include Midea, Haier and Joyoung.The advisers for Philips have already sent out the teasers for potential buyers and the bidding process is expected to begin later this year. In our previous insight on Philips, we discussed in detail about the company’s announcement regarding the future of its domestic appliance business and its valuation.Read our previous insight on Philips’ sale of its domestic appliance business and our insights on Gree:<a href="https://www.smartkarma.com/insights/philips-to-divest-domestic-appliances-business-potential-for-margin-expansion" target="_blank" data-smartkarma-citation="insights:36733" rel="noopener">Philips to Divest Domestic Appliances Business – Potential for Margin Expansion</a> <a href="https://www.smartkarma.com/insights/gree-electric-appliance-good-gree-is-losing-the-throne-to-its-ac-empire" target="_blank" data-smartkarma-citation="insights:34383" rel="noopener">Gree Electric Appliance: Good Gree Is Losing the Throne to Its AC Empire</a> <a href="https://www.smartkarma.com/insights/gree-electric-positive-sentiment-regarding-stake-sale-already-priced-in-we-remain-conservative" target="_blank" data-smartkarma-citation="insights:35339" rel="noopener">Gree Electric: Positive Sentiment Regarding Stake Sale Already Priced In; We Remain Conservative</a>

In mid-September, it was reported by Reuters that the Chinese air conditioner maker, Gree Electric Appliances is among one of the potential bidders for Philips’ domestic appliance business. Reuters also mentioned that the other interested candidates include Midea, Haier and Joyoung.The advisers for Philips have already sent out the teasers for potential buyers and the bidding process is expected to begin later this year. In our previous insight on Philips, we discussed in detail about the company’s announcement regarding the future of its domestic appliance business and its valuation.Read our previous insight on Philips’ sale of its domestic appliance business and our insights on Gree:Philips to Divest Domestic Appliances Business – Potential for Margin Expansion Gree Electric Appliance: Good Gree Is Losing the Throne to Its AC Empire Gree Electric: Positive Sentiment Regarding Stake Sale Already Priced In; We Remain Conservative 

Gree Electric: A Potential Buyer for Philips’ Home Appliances Business

Equity Capital Markets

Haier Smart Home / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/haier-smart-home-co-ltd" target="_blank" data-smartkarma-citation="entities:7196:1" rel="noopener">Haier Smart Home (600690 CH)</a> has filed for an IPO on the Hong Kong Stock Exchange and simultaneously plans to privatise <a href="https://www.smartkarma.com/entities/haier-electronics-group-co" target="_blank" data-smartkarma-citation="entities:4877:1" rel="noopener">Haier Electronics Group Co (1169 HK)</a> . However, the success of the IPO is dependent on Privatisation materialising.</li>
<li>We have covered Haier Smart Homes (HSH) in detail in our previous reports where we concluded that we were positive on the company’s growth prospects.</li>
</ul><blockquote>
We remain positive on the company’s growth prospects given its well diversified product portfolio, large exposure to growing overseas markets and the ability to generate synergies through its acquisitions which should help the company expand its margins
- Previous Insight
</blockquote><ul>
<li>Since we have already discussed about the company’s businesses and the outlook for each segment in detail in our previous insights, we intend to provide an update on the company’s recent financial performance and any changes to the company’s business outlook since we last wrote on the company.</li>
<li>Read our previous insights on the company:</li>
</ul><a href="https://www.smartkarma.com/insights/haier-sh-diversified-product-mix-overseas-exposure-and-synergies-to-support-a-higher-valuation" target="_blank" rel="noopener">https://www.smartkarma.com/insights/haier-sh-diversified-product-mix-overseas-exposure-and-synergies-to-support-a-higher-valuation</a>.<a href="https://www.smartkarma.com/insights/haier-sh-emerging-markets-refrigerator-growth-cushions-slowdown-in-china-and-developed-markets" target="_blank" rel="noopener">https://www.smartkarma.com/insights/haier-sh-emerging-markets-refrigerator-growth-cushions-slowdown-in-china-and-developed-markets</a><a href="https://www.smartkarma.com/insights/haier-sh-part-ii-lower-exposure-to-declining-ac-market-while-synergies-help-margin-expansion" target="_blank" rel="noopener">https://www.smartkarma.com/insights/haier-sh-part-ii-lower-exposure-to-declining-ac-market-while-synergies-help-margin-expansion</a>.



Haier Smart Home (600690 CH) has filed for an IPO on the Hong Kong Stock Exchange and simultaneously plans to privatise Haier Electronics Group Co (1169 HK) . However, the success of the IPO is dependent on Privatisation materialising.
We have covered Haier Smart Homes (HSH) in detail in our previous reports where we concluded that we were positive on the company’s growth prospects.

We remain positive on the company’s growth prospects given its well diversified product portfolio, large exposure to growing overseas markets and the ability to generate synergies through its acquisitions which should help the company expand its margins
- Previous Insight

Since we have already discussed about the company’s businesses and the outlook for each segment in detail in our previous insights, we intend to provide an update on the company’s recent financial performance and any changes to the company’s business outlook since we last wrote on the company.
Read our previous insights on the company:
https://www.smartkarma.com/insights/haier-sh-diversified-product-mix-overseas-exposure-and-synergies-to-support-a-higher-valuation.https://www.smartkarma.com/insights/haier-sh-emerging-markets-refrigerator-growth-cushions-slowdown-in-china-and-developed-marketshttps://www.smartkarma.com/insights/haier-sh-part-ii-lower-exposure-to-declining-ac-market-while-synergies-help-margin-expansion.

Haier Smart Homes IPO: Growing Exposure to Emerging Markets and M&A Opportunities to Drive Growth

Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This bullish price action combined with market dynamics which remain mostly healthy lead us to believe the lows of this recent correction are in. Consumer Discretionary and Manufacturing Sectors continue to be two attractive Sectors that are outperforming globally; we highlight numerous actionable names in today's report.

Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This bullish price action combined with market dynamics which remain mostly healthy lead us to believe the lows of this recent correction are in. Consumer Discretionary and Manufacturing Sectors continue to be two attractive Sectors that are outperforming globally; we highlight numerous actionable names in today's report.

China

Midea Group CO., LTD manufactures, markets and installs household electrical appliances, compressors and components. Midea also provides services in information technology, corporate investment consultation, software and hardware development, property management and corporate engineering supports. Midea Group provides its products worldwide.

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Midea Group Co Ltd A (000333 CH)

US Dollar Weakness Remains A Tailwind For EM

China accounts for the vast majority of today’s recommendations. Taiwan (TAIEX) continues to be worthy of an overweight within EM, while Brazil...

Vermilion Research

India Internet & Consumer Weekly | Bigbasket, Samsung, Whatsapp Pay, India's AC Ban

Tata Group joins the e-commerce race eyeing a stake on BABA backed Bigbasket, India helps Samsung regain its global spot, WhatsApp Pay expected to...

Pranav Bhavsar

Gree Electric: A Potential Buyer for Philips’ Home Appliances Business

In mid-September, it was reported by Reuters that the Chinese air conditioner maker, Gree Electric Appliances is among one of the potential bidders...

Shifara Samsudeen, ACMA, CGMA

Haier Smart Homes IPO: Growing Exposure to Emerging Markets and M&A Opportunities to Drive Growth

Haier Smart Homes has filed for an IPO on the Hong Kong Stock Exchange and simultaneously plans to privatise Haier Electronics Group. However, the...

Shifara Samsudeen, ACMA, CGMA

Global Equity Strategy:

Key $70 support on the MSCI ACWI (ACWI-US) held strong last week, and ACWI-US is now inflecting topside its bullish falling wedge pattern. This...

Vermilion Research

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