Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul class=""><li>Refrigeration appliances grow 3% in volume terms to reach 1.7 million units in 2017</li><li>Innovation drives sales and technology drives retail price</li><li>Freezers record the highest volume growth of 4% in 2017</li><li>The average unit price of refrigeration appliances declines slightly in 2017</li><li>Toshiba Thailand Co Ltd maintains its lead position with a 22% volume share in 2017</li><li>Refrigeration appliances are expected to record a volume CAGR of 4% over the forecast period to reach 2.0 million units in 2022</li></ul>

Refrigeration appliances grow 3% in volume terms to reach 1.7 million units in 2017Innovation drives sales and technology drives retail priceFreezers record the highest volume growth of 4% in 2017The average unit price of refrigeration appliances declines slightly in 2017Toshiba Thailand Co Ltd maintains its lead position with a 22% volume share in 2017Refrigeration appliances are expected to record a volume CAGR of 4% over the forecast period to reach 2.0 million units in 2022

Sector Capsule: Refrigeration Appliances in Thailand

<ul><li>LCD TVs records a 4% retail volume increase in 2017 as sales reach 5.6 million units</li><li>4K TVs gain further share in LCD TVs</li><li>BD players declines by 2% in retail volume terms in 2017 as sales fall to 538,000 units</li><li>Japanese brands including Sony launch OLED TVs during 2017</li><li>LCD TVs is set to increase in retail volume at a CAGR of 4% over the forecast period, with sales set to reach 6.8 million units in 2022</li></ul>

LCD TVs records a 4% retail volume increase in 2017 as sales reach 5.6 million units4K TVs gain further share in LCD TVsBD players declines by 2% in retail volume terms in 2017 as sales fall to 538,000 unitsJapanese brands including Sony launch OLED TVs during 2017LCD TVs is set to increase in retail volume at a CAGR of 4% over the forecast period, with sales set to reach 6.8 million units in 2022

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

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

Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

Macroeconomics

The non-consensus end Q2 growth into value switch focused on short MSCI tech versus long 50:50 mining and energy position is now almost 6% onside.Oil has joined the rally seen in industrial metals, with US inventories now down 10% from their March peak and the market shifting into backwardation.Shorting the USD and volatility have become one-way bets but both look likely to reverse into the autumn, undermining carry trades and cross market correlations.With plunging approval ratings, the…

The non-consensus end Q2 growth into value switch focused on short MSCI tech versus long 50:50 mining and energy position is now almost 6% onside.Oil has joined the rally seen in industrial metals, with US inventories now down 10% from their March peak and the market shifting into backwardation.Shorting the USD and volatility have become one-way bets but both look likely to reverse into the autumn, undermining carry trades and cross market correlations.With plunging approval ratings, the…

Oil Joins 'Surprise' Resource Rally, as Japan Looks Past Abe Era…

<h2>Headlines</h2><ul><li>Refrigeration appliances sees 5% volume growth in 2016 to reach 4.2 million units.</li><li>Demand for refrigeration appliances rebounds following declines caused by VAT increase in April 2014.</li><li>Fridge freezers is the fastest-growing category, with a 6% volume increase in 2016.</li><li>Premiumisation continues to play a key role in raising unit prices in refrigeration appliances in Japan.</li><li>Panasonic retains the lead in 2016, though Hitachi gains ground.</li><li>Refrigeration appliances’ performance over 2016-2021 is set to echo the declining number of households, with a -1% CAGR forecast in volume terms.</li></ul>

HeadlinesRefrigeration appliances sees 5% volume growth in 2016 to reach 4.2 million units.Demand for refrigeration appliances rebounds following declines caused by VAT increase in April 2014.Fridge freezers is the fastest-growing category, with a 6% volume increase in 2016.Premiumisation continues to play a key role in raising unit prices in refrigeration appliances in Japan.Panasonic retains the lead in 2016, though Hitachi gains ground.Refrigeration appliances’ performance over 2016-2021 is set to echo the declining number of households, with a -1% CAGR forecast in volume terms.

Sector Capsule: Refrigeration Appliances in Japan

Japan

Mitsubishi Electric Corporation develops, manufactures, and markets electronic equipment.  The Company's products include industrial machinery, heavy electric machinery, data communications systems, electronic devices, and consumer electronics.

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Mitsubishi Electric (6503 JP)

Sector Capsule: Refrigeration Appliances in Thailand

Refrigeration appliances grow 3% in volume terms to reach 1.7 million units in 2017 Innovation drives sales and technology drives retail...

Euromonitor International Ltd.

Sector Capsule: Home Video in Japan

LCD TVs records a 4% retail volume increase in 2017 as sales reach 5.6 million units 4K TVs gain further share in LCD TVs BD players declines by...

Euromonitor International Ltd.

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

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 –...

Vermilion Research

Oil Joins 'Surprise' Resource Rally, as Japan Looks Past Abe Era…

The non-consensus end Q2 growth into value switch focused on short MSCI tech versus long 50:50 mining and energy position is now almost 6%...

Sean Maher

Sector Capsule: Refrigeration Appliances in Japan

Headlines Refrigeration appliances sees 5% volume growth in 2016 to reach 4.2 million units. Demand for refrigeration appliances rebounds following...

Euromonitor International Ltd.

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