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

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.

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

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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

Research Reinvented

Equity Capital Markets

Nanya Technology / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/20875" target="_blank" data-smartkarma-citation="entities:20875:1">Formosa Petrochemical Corp (6505 TT)</a> and <a href="https://www.smartkarma.com/entities/20811" target="_blank" data-smartkarma-citation="entities:20811:1">Formosa Plastics Corp (1301 TT)</a> is looking to sell US$159m worth of <a href="https://www.smartkarma.com/entities/3269" target="_blank" data-smartkarma-citation="entities:3269:1">Nanya Technology Corp (2408 TT)</a> shares, representing 2% of total outstanding shares (60m shares). Post-sale, Formosa Petro will continue to hold about 11% of Nanya Tech.The deal scores positively on our framework owing to strong price and earnings momentum. Its recent results have also done well, with sales, operating income rising 30.3% and 512% YoY. DRAM prices are also expected to…

Formosa Petrochemical Corp (6505 TT) and Formosa Plastics Corp (1301 TT) is looking to sell US$159m worth of Nanya Technology Corp (2408 TT) shares, representing 2% of total outstanding shares (60m shares). Post-sale, Formosa Petro will continue to hold about 11% of Nanya Tech.The deal scores positively on our framework owing to strong price and earnings momentum. Its recent results have also done well, with sales, operating income rising 30.3% and 512% YoY. DRAM prices are also expected to…

Nanya Tech Placement - DRAM Price Momentum Seems Strong; Q4 ASP on Track to Grow

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Thematic (Sector/Industry)

We looked at which regions in Asia are most correlated to the S&amp;P500. Over the last 8 years, 42% of Japanese companies have greater than 30% correlation to the S&amp;P500. The overall average correlation to the S&amp;P500 in Japan is 28%. The next closest is Taiwan with an average correlation of 28%, then Singapore with a correlation of 27% and Hong Kong with a correlation of 25%.  <h2>% of Companies with greater than 30% correlation to the US </h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/032/861/original/5.png?1504629108" class="editor-image img-responsive" data-smartkarma-image-id="32861"></figure><div class="content-caption">Source: Custom Products</div>China actually has 1 company, <a href="https://www.smartkarma.com/entities/10177" target="_blank" data-smartkarma-citation="entities:10177:1">Tongling</a>…

We looked at which regions in Asia are most correlated to the S&amp;P500. Over the last 8 years, 42% of Japanese companies have greater than 30% correlation to the S&amp;P500. The overall average correlation to the S&amp;P500 in Japan is 28%. The next closest is Taiwan with an average correlation of 28%, then Singapore with a correlation of 27% and Hong Kong with a correlation of 25%.  % of Companies with greater than 30% correlation to the US Source: Custom ProductsChina actually has 1 company, Tongling…

Japan and the Financial Sector in Asia Highly Correlated to the US....

• Pullback opportunities are prevalent in Europe and Japan. Both markets are testing key support levels, presenting attractive entry points. We see little reason to abandon our bullish outlooks for both markets... see page 2• Overweight Materials Sector. We highlight actionable names within the materials sector as global miners continue to emerge from base patterns, most of which still yield attractive entry points, including Vale (VALE) and Rio Tinto (RIO-GB)... see pages 3-5• Opportunities in China. This week we highlight attractive set-ups in China.  Highlighted charts range from Baidu (BIDU) and Bank of China (3988-HK) to Fosun (656-HK) and China Southern Airlines (1055-HK)... see pages 6-8

• Pullback opportunities are prevalent in Europe and Japan. Both markets are testing key support levels, presenting attractive entry points. We see little reason to abandon our bullish outlooks for both markets... see page 2• Overweight Materials Sector. We highlight actionable names within the materials sector as global miners continue to emerge from base patterns, most of which still yield attractive entry points, including Vale (VALE) and Rio Tinto (RIO-GB)... see pages 3-5• Opportunities in China. This week we highlight attractive set-ups in China.  Highlighted charts range from Baidu (BIDU) and Bank of China (3988-HK) to Fosun (656-HK) and China Southern Airlines (1055-HK)... see pages 6-8

EM Is Cementing Its Leadership Status; Buy Miners

Information Technology Consultant

Ishita Jain

As per the Financial Times ("FT") <a href="https://www.ft.com/content/4f88cb60-f8f7-11e6-bd4e-68d53499ed71" target="_blank">article</a> dated 24th Feb 2017, electric vehicle ("EVs") manufacturers and battery producers have been scrambling to secure supplies of Cobalt. This has been driven by the fact the a handful of hedge funds have purchased and stored Cobalt on expectations that the demand for EVs will pick up. Battery producers such as Panasonic, who supply Lithium Ion ("Li-ion") batteries to the likes of Tesla are hard pressed for supplies. As FT reported, prices have risen by more…

As per the Financial Times ("FT") article dated 24th Feb 2017, electric vehicle ("EVs") manufacturers and battery producers have been scrambling to secure supplies of Cobalt.   This has been driven by the fact the a handful of hedge funds have purchased and stored Cobalt on expectations that the demand for EVs will pick up. Battery producers such as Panasonic, who supply Lithium Ion ("Li-ion") batteries to the likes of Tesla are hard pressed for supplies.  As FT reported, prices have risen by more…

Taiwan

Formosa Plastics Corporation manufactures and markets plastics materials and chemical fiber products. The Company's products include PVC (Polyvinyl Chloride) resins, high density polyethylene, tairylan acrylic fiber, acrylic acid and ester, carbon fiber, caustic soda, PVC modifier, and calcium carbonate.

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Formosa Plastics (1301 TT)

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

Nanya Tech Placement - DRAM Price Momentum Seems Strong; Q4 ASP on Track to Grow

Formosa Petrochemical Corp (6505 TT) and Formosa Plastics Corp (1301 TT) is looking to sell US$159m worth of Nanya Technology Corp (2408...

Zhen Zhou, Toh

Japan and the Financial Sector in Asia Highly Correlated to the US....

We looked at which regions in Asia are most correlated to the S&P500. Over the last 8 years, 42% of Japanese companies have greater than 30%...

Custom Products Group

EM Is Cementing Its Leadership Status; Buy Miners

• Pullback opportunities are prevalent in Europe and Japan. Both markets are testing key support levels,presenting attractive entry points. We see...

Vermilion Research

Future of Cobalt Vis-A-Vis EVs

As per the Financial Times ("FT") article dated 24th Feb 2017, electric vehicle ("EVs") manufacturers and battery producers have been scrambling to...

Ishita Jain

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