Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

Pan-Asia Equity Bottom-up

Research-Intensive Fundamental Value Advisor

Wickhams Hill

Wickhams Hill Capital is a research-intensive fundamental value advisor, on long and occasionally short investment opportunities concentrated in small and mid-cap public companies.

Thematic (Sector/Industry)

<p>For the first time since January, major indices across South East Asia and Hong Kong were mostly positive. Our micro-cap indices, however, did not rebound in anywhere near the same way, mostly down again for the month.</p><p>Flows into and out of the region usually hit the largest and most liquid stocks first, and hence making the primary indices both more volatile and often uncorrelated to illiquid small-micro cap names.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/060/550/original/1.png?1534241483" class="editor-image img-responsive" data-smartkarma-image-id="60550"></figure><div style="text-align: left;" class="content-caption">(Source: WHC Analysis, Bloomberg)</div><h2><strong>Top winners and losers across ASEAN</strong></h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/060/551/original/2.PNG?1534241556" class="editor-image img-responsive" data-smartkarma-image-id="60551"></figure><div style="text-align: left;" class="content-caption">(Source: WHC…</div>

For the first time since January, major indices across South East Asia and Hong Kong were mostly positive. Our micro-cap indices, however, did not rebound in anywhere near the same way, mostly down again for the month.Flows into and out of the region usually hit the largest and most liquid stocks first, and hence making the primary indices both more volatile and often uncorrelated to illiquid small-micro cap names.(Source: WHC Analysis, Bloomberg)Top winners and losers across ASEAN(Source: WHC…

Asia Small-Cap: Top Movers, Buybacks and Insider Dealing - Jul'18

<p><strong>Market Overview</strong></p>
<p>June was again a wash of red across all Asian markets under coverage. A persistently strong USD fueled by concerns over trade was mostly to blame. Ultimately, it is fair to say this is investor sentiment driven as feedback from companies on an individual basis continues to be positive.</p>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/057/930/original/1.png?1531731295" class="editor-image img-responsive" data-smartkarma-image-id="57930"></figure>
<div style="text-align: left;" class="content-caption">Source: WHC Analysis, Bloomberg</div>
<div class="content-caption">In absolute terms, there were very few stocks to make a positive return during the month – less than 5% in most markets.</div>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/057/868/original/2.PNG?1531715656" class="editor-image img-responsive" data-smartkarma-image-id="57868"></figure>
<div style="text-align: left;" class="content-caption">Source: WHC Analysis, Bloomberg</div>
<p>There were…</p>

Market Overview
June was again a wash of red across all Asian markets under coverage. A persistently strong USD fueled by concerns over trade was mostly to blame. Ultimately, it is fair to say this is investor sentiment driven as feedback from companies on an individual basis continues to be positive.

Source: WHC Analysis, Bloomberg
In absolute terms, there were very few stocks to make a positive return during the month – less than 5% in most markets.

Source: WHC Analysis, Bloomberg
There were…

Asia Small-Cap: Top Movers, Buybacks and Insider Dealing - Jun'18

Thailand

Royal Ceramic Industry Public Company Limited manufactures and distributes ceramic wall tiles.  Products are marketed under RCI, Royal, and Hi-Class brand names.  Royal Ceramic sells its products in Thailand and exports to Hong Kong, Singapore, Korea, Germany and the United Kingdom.

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Royal Ceramic Industry (RCI TB)

Asia Small-Cap: Top Movers, Buybacks and Insider Dealing - Jul'18

For the first time since January, major indices across South East Asia and Hong Kong were mostly positive. Our micro-cap indices, however, did not...

Lloyd Moffatt

Asia Small-Cap: Top Movers, Buybacks and Insider Dealing - Jun'18

Market Overview June was again a wash of red across all Asian markets under coverage. A persistently strong USD fueled by concerns over trade was...

Lloyd Moffatt

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52-week Range

Market Cap (USDm)

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