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>Sportswear current retail value sales rose by 7% to reach IDR13 trillion in 2017</li><li>Sportswear sales are driven by social media influencers</li><li>Sports-inspired footwear posted strong growth of 6% in 2017</li><li>Adidas Indonesia led sales in 2017, posting a retail value share of 5%</li><li>Sportswear is expected to post a retail value CAGR of 3% at constant 2017 prices over the forecast period, with sales reaching IDR14 trillion in 2022</li></ul>

Sportswear current retail value sales rose by 7% to reach IDR13 trillion in 2017Sportswear sales are driven by social media influencersSports-inspired footwear posted strong growth of 6% in 2017Adidas Indonesia led sales in 2017, posting a retail value share of 5%Sportswear is expected to post a retail value CAGR of 3% at constant 2017 prices over the forecast period, with sales reaching IDR14 trillion in 2022

<ul><li>Menswear sales rise by 4% in value in 2017, reaching CNY535 billion</li><li>Enlarged consumer group and enhanced purchasing power underpin growth in 2017</li><li>Men's underwear records the fastest value growth in 2017, at 7%</li><li>Heilan Home Co Ltd takes the pole position in 2017</li><li>Menswear to see a value CAGR of 1% at constant 2017 prices over the forecast period, reaching CNY572 billion in 2022</li></ul>

Menswear sales rise by 4% in value in 2017, reaching CNY535 billionEnlarged consumer group and enhanced purchasing power underpin growth in 2017Men's underwear records the fastest value growth in 2017, at 7%Heilan Home Co Ltd takes the pole position in 2017Menswear to see a value CAGR of 1% at constant 2017 prices over the forecast period, reaching CNY572 billion in 2022

<ul><li>Sportswear increases by 12% in current value terms in 2017, to reach CNY212 billion</li><li>Upgrading of consumption and supportive government policies drive demand</li><li>Performance footwear registers the highest current value growth of 18% in 2017</li><li>Nike (China) Inc continues to lead sportswear in 2017, with a value share of 21%</li><li>Sportswear is projected to increase by a value CAGR of 8% at constant 2017 prices over the forecast period, to reach CNY318 billion in 2022</li></ul>

Sportswear increases by 12% in current value terms in 2017, to reach CNY212 billionUpgrading of consumption and supportive government policies drive demandPerformance footwear registers the highest current value growth of 18% in 2017Nike (China) Inc continues to lead sportswear in 2017, with a value share of 21%Sportswear is projected to increase by a value CAGR of 8% at constant 2017 prices over the forecast period, to reach CNY318 billion 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

MSCI Emerging Markets Index / Technical Analysis

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and EM, one indicator in particular keeps us optimistic: monthly charts.  What is clear right now is: (1) Europe is on the doorstep of breaking above secular resistance; (2) Japan is breaking out above secular resistance; (3) and EM already has. Speaking of EM, we view this as the place to be, or overweight, in 2018. The EM/EAFE’s 20-year chart (below) reveals an in-progress trend reversal (which developed at a secular trendline) in favor of EM.In today’s report we review every global sector, highlighting actionable stocks within each.

Approaching the close of 2017, a year whose subdued volatility masked frequent rotation, we turn to Sector and Group themes that we expect to offer opportunities heading into 2018.  We discuss the likelihood of a correction and offer a number of actionable ideas within our favorite sectors; tech, financials, miners, and manufacturing.

Approaching the close of 2017, a year whose subdued volatility masked frequent rotation, we turn to Sector and Group themes that we expect to offer opportunities heading into 2018.  We discuss the likelihood of a correction and offer a number of actionable ideas within our favorite sectors; tech, financials, miners, and manufacturing.

U.S. Equity Outlook: Sector Themes & Synopsis

United States

NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors.

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Nike (NKE US)

Sector Capsule: Sportswear in Indonesia

Sportswear current retail value sales rose by 7% to reach IDR13 trillion in 2017 Sportswear sales are driven by social media...

Euromonitor International Ltd.

Sector Capsule: Menswear in China

Menswear sales rise by 4% in value in 2017, reaching CNY535 billion Enlarged consumer group and enhanced purchasing power underpin growth in...

Euromonitor International Ltd.

Sector Capsule: Sportswear in China

Sportswear increases by 12% in current value terms in 2017, to reach CNY212 billion Upgrading of consumption and supportive government policies...

Euromonitor International Ltd.

Global Equity Strategy: Overweight EM

Big-picture technicals offer a compelling outlook for equities -- in the long-run. Despite arguably stretched trends, especially in the U.S. and...

Vermilion Research

U.S. Equity Outlook: Sector Themes & Synopsis

Approaching the close of 2017, a year whose subdued volatility masked frequent rotation, we turn to Sector and Group themes that we expect to offer...

Vermilion Research

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