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

<p>Global markets are overdue for a bounce, But a host of uncertainties including are providing a significant headwind for broad developed and emerging market indexes. Our outlook remains cautious and we expect additional weakness and consolidation across global equity markets.  We offer technical insights on major markets, and highlight a number of actionable bottoms up ideas.</p>

Global markets are overdue for a bounce, But a host of uncertainties including are providing a significant headwind for broad developed and emerging market indexes. Our outlook remains cautious and we expect additional weakness and consolidation across global equity markets.  We offer technical insights on major markets, and highlight a number of actionable bottoms up ideas.

Global Equity Strategy: Still Cautious Despite Oversold Conditions

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)

<p>With summer starting to wind down, we put together a screen looking at names that have historically done the best from September through the end of the year. Please make no mistake, seasonality exists in Japan. </p><p>We calculated the returns from September 1st to December 31st going back to 1996.  <a href="https://www.smartkarma.com/entities/7245" target="_blank" data-smartkarma-citation="entities:7245:1">Nidec Corp (6594 JP)</a> top the list with an 82% success rate and an average return of 13%. <a href="https://www.smartkarma.com/entities/17620" target="_blank" data-smartkarma-citation="entities:17620:1">JSR Corp (4185 JP)</a> is next also with an 82% success rate and a median return of 13%. <a href="https://www.smartkarma.com/entities/14457" target="_blank" data-smartkarma-citation="entities:14457:1">Hitachi Chemical (4217 JP)</a> also…</p>

With summer starting to wind down, we put together a screen looking at names that have historically done the best from September through the end of the year. Please make no mistake, seasonality exists in Japan. We calculated the returns from September 1st to December 31st going back to 1996.  Nidec Corp (6594 JP) top the list with an 82% success rate and an average return of 13%. JSR Corp (4185 JP) is next also with an 82% success rate and a median return of 13%. Hitachi Chemical (4217 JP) also…

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<p>Today (31 July 2018), the Bank of Japan issued a <a href="https://www.boj.or.jp/en/announcements/release_2018/k180731a.pdf" target="_blank">Monetary Policy Statement</a> which, as widely expected, addressed its Qualitative and Quantitative Monetary Easing (QQE) policies with Yield Curve Control.</p><ul class="ul1">
<li class="li1">The BOJ announced a policy of issuing “Forward Guidance” for policy rates, sending a signal it “expected to maintain current extremely low levels of short- and long-term interest rates for an extended period of time.”</li>
<li class="li1">As part of its Yield Curve Control policy, a 7-2 majority voted to apply a minus…</li>
</ul>

Today (31 July 2018), the Bank of Japan issued a Monetary Policy Statement which, as widely expected, addressed its Qualitative and Quantitative Monetary Easing (QQE) policies with Yield Curve Control.
The BOJ announced a policy of issuing “Forward Guidance” for policy rates, sending a signal it “expected to maintain current extremely low levels of short- and long-term interest rates for an extended period of time.”
As part of its Yield Curve Control policy, a 7-2 majority voted to apply a minus…


JAPAN PASSIVE - Dovish Meeting; BOJ to Buy Less Nikkei 225

<p>We have decided to split our coverage of Analyst Upgrades and Downgrades into Japan only and Asia -ex Japan. We track changes in recommendations for the overall market to identify which sectors and companies are currently trending up in popularity and which are trending down.</p><h2>Positive Side</h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/023/022/original/2.png?1490213989" class="editor-image img-responsive" data-smartkarma-image-id="23022"></figure><div class="content-caption">Source: Custom Products</div><p>As you can see from the chart above the Energy Minerals (Only 7 names in sector), Finance and Consumer Durables Sectors had the highest % of upgrades relative to total recommendations over…</p>

We have decided to split our coverage of Analyst Upgrades and Downgrades into Japan only and Asia -ex Japan. We track changes in recommendations for the overall market to identify which sectors and companies are currently trending up in popularity and which are trending down.Positive SideSource: Custom ProductsAs you can see from the chart above the Energy Minerals (Only 7 names in sector), Finance and Consumer Durables Sectors had the highest % of upgrades relative to total recommendations over…

Most Popular and Unpopular Japanese Sectors over Last 2 Weeks....

<p>This is the second report of "The Week That Was in North Asia@Smartkarma". This is a collaborative report among <a href="https://www.smartkarma.com/profiles/25" target="_blank" data-smartkarma-citation="accounts:25">Travis Lundy</a>, <a href="https://www.smartkarma.com/profiles/713" target="_blank" data-smartkarma-citation="accounts:713">Mio Kato, CFA</a>, <a href="https://www.smartkarma.com/profiles/354" target="_blank" data-smartkarma-citation="accounts:354">Sanghyun Park</a>, and <a href="https://www.smartkarma.com/profiles/342" target="_blank" data-smartkarma-citation="accounts:342">Douglas Kim</a> . It is written on a weekly, rotational basis among these four analysts (others are welcome!). The focus of this report is to recap the major insights about Japan and Korea featured on Smartkarma during the past week. </p><h2>This Week in Japan</h2><p>For the week, TOPIX gained a bit over 1% and small caps did a bit better. The yen weakened…</p>

This is the second report of "The Week That Was in North Asia@Smartkarma". This is a collaborative report among Travis Lundy, Mio Kato, CFA, Sanghyun Park, and Douglas Kim . It is written on a weekly, rotational basis among these four analysts (others are welcome!). The focus of this report is to recap the major insights about Japan and Korea featured on Smartkarma during the past week. This Week in JapanFor the week, TOPIX gained a bit over 1% and small caps did a bit better. The yen weakened…

The Week That Was in NorthAsia@Smartkarma

Japan

Toppan Printing Co., Ltd. is a printing company that provides commercial and publication printing services. The Company also prints securities paper, packaging products, and electronic related products such as photomasks and colorfilters. Toppan Printing also produces inks and operates a text book publication business.

DAI NIPPON PRINTING CO., LTD. offers printing services for commercial and industrial use.  The printing items include information media such as books, periodicals, and text books, wrapping paper and containers, stationeries, and advertising medium.  The Company provides design and production services as well.  Dai Nippon Printing also produces soft drinks including Coca Cola.

SECOM Co., Ltd. provides comprehensive security services. The Company provides on-line centralized security, home security systems, and home medical services, It also provides insurance businesses as well as real estate services.

Dai Nippon Printing Co., Ltd. offers printing services for commercial and industrial use. The printing items include information media such as books, periodicals, and text books, as well as wrapping paper and containers, stationeries, and advertising medium. The Company provides design and production services as well. Dai Nippon Printing also produces soft drinks.

SOHGO SECURITY SERVICES CO., LTD. operates around the clock security services. The Company provides home and office security systems, an armored car security service, and a network security solution service.

Park24 Co., Ltd. operates 24-hour automated parking garages, monthly parking lots, and parking lot administration.  The Company also sells parking lot equipment of gate-type and multistory-type such as park lock.

KOKUYO CO., LTD. manages Kokuyo group companies that produces and sells a vast line of stationery goods and office furniture through a domestic sales network as a holding company.  The group's products include magazine files, box binders, drawing tubes, desk chairs, lockers, and wall storage units.  Kokuyo also manufactures office automation equipment and computer supplies.

Daiseki Co., Ltd. provides waste disposal services in Chubu area.  The Company uses high technology for oil sludge treatment and for recycling.  Daiseki also sells processing and lubricating oil for industrial use.

OKAMURA CORPORATION manufactures office furniture including desks, chairs, and shelves.  The Company offers comprehensive office systems such as partition walls with built-in air conditioners and underfloor wiring systems.  Okamura also develops material handling equipment and industrial machinery.

PILOT CORPORATION is a holding company established through the merger of Pilot and its affiliates, Pilot Ink and Pilot Precision.  Pilot Corp manages its subsidiaries' operation which manufactures and sells stationary products.

Brambles Limited is a global support services group which provides pallet and plastic container pooling services and information management services.

Clean Harbors, Inc. provides a variety of environmental remediation and industrial waste management services to customers in the United States and Puerto Rico.  The Company's services include treatment and disposal of hazardous and non-hazardous solid and liquid waste, surface remediation, groundwater restoration, waste packaging, as well as analytical testing and consulting.

Tetra Tech, Inc. provides specialized management consulting and technical services primarily in resource management, infrastructure, and communications. The Company's clients include a diverse base of public and private sector organizations.  Tetra Tech operates offices in the United States and internationally.

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures. The Company's core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, head protection, and fall protection products. MSA Safety markets its products worldwide.

Mineral Resources Ltd. offers contract crushing services to the mining industry in Australia.  The Company serves gold, iron ore, tantalum, and coal companies.

Edenred offers prepaid vouchers for products and services.  The Company's vouchers for restaurant meals, childcare, and other products and services are used to reward employees and loyal customers.

Rentokil Initial plc provides fully integrated facilities management and essential support services to government and commercial sector organisations of all sizes across all business sectors. The Company provides services in pest control, hygiene, workwear, facilities and plants.

RB Global, Inc. provides a marketplace for insights, services, and transaction solutions for commercial assets and vehicles. The Company offers its customers end-to-end transaction solutions for used commercial and other durable assets through its omnichannel platform, which includes auctions, online marketplaces, listing services, and private brokerage services.

The Brink's Company provides security services globally.  The Company provides secure transportation, cash logistics and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations around the world.

SECOM CO., LTD. provides comprehensive security services.  The Company provides on-line centralized security services, home security systems, and home medical services,

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Secom Co Ltd (9735 JP)

Global Equity Strategy: Still Cautious Despite Oversold Conditions

Global markets are overdue for a bounce, But a host of uncertainties including are providing a significant headwind for broad developed and...

Vermilion Research

Best Japanese Performers in the Fall....

With summer starting to wind down, we put together a screen looking at names that have historically done the best from September through the end of...

Custom Products Group

JAPAN PASSIVE - Dovish Meeting; BOJ to Buy Less Nikkei 225

Today (31 July 2018), the Bank of Japan issued a Monetary Policy Statement which, as widely expected, addressed its Qualitative and Quantitative...

Travis Lundy

Most Popular and Unpopular Japanese Sectors over Last 2 Weeks....

We have decided to split our coverage of Analyst Upgrades and Downgrades into Japan only and Asia -ex Japan. We track changes in recommendations...

Custom Products Group

The Week That Was in NorthAsia@Smartkarma

This is the second report of "The Week That Was in North Asia@Smartkarma". This is a collaborative report among Travis Lundy, Mio Kato, CFA,...

Travis Lundy

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