Macro & Asian equity Technical Strategies, BBSP Asia

Federico D'Inca

Macro & Asian equity Technical Strategies

BBSP Asia

Technical Analysis

PREFERRED CASE Bullish above 575, super cycle trend support since 2012 and key fractal First target 682, that in tuns surpassed confirms a bigger move to 770 then last high 880 (+45%). Should you have any questions and wish to speak with one of our analysts, please don’t hesitate to contact us. Equity Asia: + (65) 6735 3040 or <a href="mailto:asia@bbsp.sg" target="_blank">asia@bbsp.sg</a>Access to this document is restricted to the use of the intended recipient designated by BBSP and may not be shared with others. Any unauthorised use…

PREFERRED CASE Bullish above 575, super cycle trend support since 2012 and key fractal First target 682, that in tuns surpassed confirms a bigger move to 770 then last high 880 (+45%). Should you have any questions and wish to speak with one of our analysts, please don’t hesitate to contact us.  Equity Asia: + (65) 6735 3040 or asia@bbsp.sgAccess to this document is restricted to the use of the intended recipient designated by BBSP and may not be shared with others. Any unauthorised use…

Sumitomo Chemical (4005 JP) - Back to Trend Support

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.

In today’s report we highlight the follow themes:<ul><li>As a whole, Europe continues to lag, but we like the price patterns—mostly multi-year bases. Recent weakness presents a buying opportunity, especially in leading countries, like Germany, and leading Sectors and Groups, such as software stocks. </li><li>Japan recently broke out above a key resistance level, making the current pullback all the more attractive. Add exposure.</li><li>EM remains unchallenged this year from a performance standpoint. While a pullback/pause wouldn’t surprise us, we expect EM to continue to lead, especially in light of the bottom pattern visible in the EM/ACWI ratio.</li><li>Today’s report includes actionable ideas across the developed and EM universe, and across multiple sectors.</li></ul>

In today’s report we highlight the follow themes:As a whole, Europe continues to lag, but we like the price patterns—mostly multi-year bases. Recent weakness presents a buying opportunity, especially in leading countries, like Germany, and leading Sectors and Groups, such as software stocks. Japan recently broke out above a key resistance level, making the current pullback all the more attractive. Add exposure.EM remains unchallenged this year from a performance standpoint. While a pullback/pause wouldn’t surprise us, we expect EM to continue to lead, especially in light of the bottom pattern visible in the EM/ACWI ratio.Today’s report includes actionable ideas across the developed and EM universe, and across multiple sectors.

Global Equity Pullback = Buying Opportunity

TSE Tokyo Price Index TOPIX / Technical Analysis

Japan’s breakout adds to an attractive global trendJapan’s base breakout, Europe’s rebound at the 200-day, and EM’s advance to all-time highs – it’s this technical panorama that confirms a risk-on environment, and supports a bullish outlook. Ignore the daily charts—the source of noise—and stick with the weeklies—they tell the true story: up and to the right.In today’s report, we highlight actionable themes in two countries (Japan and Norway) and one sector (energy).

Japan’s breakout adds to an attractive global trendJapan’s base breakout, Europe’s rebound at the 200-day, and EM’s advance to all-time highs – it’s this technical panorama that confirms a risk-on environment, and supports a bullish outlook. Ignore the daily charts—the source of noise—and stick with the weeklies—they tell the true story: up and to the right.In today’s report, we highlight actionable themes in two countries (Japan and Norway) and one sector (energy).

Int'l Compass: Japan Is Breaking Out; Energy Stocks Are Bottoming; Norway Is Emerging as Leadership

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/4102" target="_blank" data-smartkarma-citation="entities:4102:1">Nissan Chemical Industries (4021 JP)</a> presented at a conference in Tokyo this week, where part of its message was probably that the recent popularity of commodity chemicals is temporary and that before long, investors should return to focusing on the fine chemical space. We noted a month ago that many petrochemical shares reacted negatively to healthy FY17 Q1 announcements, as improved earnings were already discounted. Among these companies, <a href="https://www.smartkarma.com/entities/12781" target="_blank" data-smartkarma-citation="entities:12781:1">Mitsubishi Chemical (4188 JP)</a> stood out for the…

Nissan Chemical Industries (4021 JP) presented at a conference in Tokyo this week, where part of its message was probably that the recent popularity of commodity chemicals is temporary and that before long, investors should return to focusing on the fine chemical space. We noted a month ago that many petrochemical shares reacted negatively to healthy FY17 Q1 announcements, as improved earnings were already discounted. Among these companies, Mitsubishi Chemical (4188 JP) stood out for the…

Fine Vs Commodity Chemicals – Are MMA Markets Sustainable?

Thematic (Sector/Industry)

The long-awaited launch of the The long-awaited launch of the <a href="https://www.smartkarma.com/entities/72" target="_blank" data-smartkarma-citation="entities:72:1">Nissan (7201 JP)</a>Leaf took place on Sept 6th, seven years after the first generation was introduced: On the outside, the Leaf now looks more like a regular, but sleeker hatchback. The most interesting additions are autonomous driving features and connectivity: The Leaf comes with parking assistance, single-lane highway driving, single pedal driving, and vehicle-to-infrastructure technologies. Nissan stressed that this new model is more…

The long-awaited launch of the The long-awaited launch of the Nissan (7201 JP)Leaf took place on Sept 6th, seven years after the first generation was introduced: On the outside, the Leaf now looks more like a regular, but sleeker hatchback. The most interesting additions are autonomous driving features and connectivity: The Leaf comes with parking assistance, single-lane highway driving, single pedal driving, and vehicle-to-infrastructure technologies. Nissan stressed that this new model is more…

Nissan (7201) - Unveils New "Leaf" As EV Theme Gets Motoring

Japan

SUMITOMO CHEMICAL COMPANY, LIMITED manufactures chemical products.  The Company specializes in basic chemicals, petrochemicals, fine chemicals such as photo-resists, pharmaceutical intermediates, and agrochemicals.  Sumitomo Chemical operates manufacturing plants and sales offices worldwide.

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Sumitomo Chemical (4005 JP)