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

Incremental technical developments continue to be of the bullish variety as more and more countries/regions begin to participate in the rally. These ongoing improvements further cement our positive overall outlook, and we continue to believe that global equities (MSCI ACWI) are poised for additional strength moving forward. In our April International Strategy, we highlight various themes which lead to our overall positive outlook, along with areas within the world's markets where we see immediate opportunity.

Incremental technical developments continue to be of the bullish variety as more and more countries/regions begin to participate in the rally. These ongoing improvements further cement our positive overall outlook, and we continue to believe that global equities (MSCI ACWI) are poised for additional strength moving forward. In our April International Strategy, we highlight various themes which lead to our overall positive outlook, along with areas within the world's markets where we see immediate opportunity.

Global Ex-U.S. Equity Strategy: Positive Outlook Intact; Remain Overweight China

Asia ex-Japan consumer sector long-only analyst.

Chan Wai Leong

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/4561" target="_blank" data-smartkarma-citation="entities:4561:1">Techtronic Industries Co Ltd. (669 HK)</a> is well-positioned to grow its earnings in the current macroeconomic environment. Its key operating units, such as Milwaukee Electric Tool Corp. and The Hoover Company, are American companies. Most of its revenue is earned in the US while most of its manufacturing expenses are incurred in Asia. Here is a company, listed on the Hong Kong Exchange, that may be spared the worst of the trade war.

Techtronic Industries Co Ltd. (669 HK) is well-positioned to grow its earnings in the current macroeconomic environment. Its key operating units, such as Milwaukee Electric Tool Corp. and The Hoover Company, are American companies. Most of its revenue is earned in the US while most of its manufacturing expenses are incurred in Asia. Here is a company, listed on the Hong Kong Exchange, that may be spared the worst of the trade war. 

Techtronic Industries (0669.HK): Favourable Macro Outlook Powering Its Outlook.

Thematic (Sector/Industry)

The reaction to Yili's results tells a lot about the state of the stock market. Winter is here. This is not merely a stock market correction, it is developing into a bear market.  I have, therefore, restructured the consumer sector model portfolio to preserve capital. The key strategy here is to underweight cyclical stocks and increase exposure to defensive stocks.

The reaction to Yili's results tells a lot about the state of the stock market. Winter is here. This is not merely a stock market correction, it is developing into a bear market.  I have, therefore, restructured the consumer sector model portfolio to preserve capital. The key strategy here is to underweight cyclical stocks and increase exposure to defensive stocks.

Yili Industrial 2Q Results Commentary And Updated Model Portfolio.

This paper addresses the structural changes in external investment research.
Traditional sell-side research does not meet the needs of fund managers. The reasons for this are complex but the net effect is fees paid to external research are shrinking. To address this trend,
<ol>
<li>Note that buy-side research can be outsourced. External research can be customized to meet the needs of a select group of fund managers, thereby increasing its relevance to that group.</li>
<li>Recognizing that breadth of coverage is just as important as depth.</li>
<li>Place the needs of the fund managers above the desires of corporates.</li>
</ol>
Making money in the stock market is easy; outperforming the peer group is a zero-sum game. Still, it is possible to outperform the market. A conservative portfolio that can patiently wait for extraordinary opportunities may skew its distribution of returns to the upside. To conclude, I introduce a model portfolio for APxJ consumer sectors.

This paper addresses the structural changes in external investment research.
Traditional sell-side research does not meet the needs of fund managers. The reasons for this are complex but the net effect is fees paid to external research are shrinking. To address this trend,

Note that buy-side research can be outsourced. External research can be customized to meet the needs of a select group of fund managers, thereby increasing its relevance to that group.
Recognizing that breadth of coverage is just as important as depth.
Place the needs of the fund managers above the desires of corporates.

Making money in the stock market is easy; outperforming the peer group is a zero-sum game. Still, it is possible to outperform the market. A conservative portfolio that can patiently wait for extraordinary opportunities may skew its distribution of returns to the upside. To conclude, I introduce a model portfolio for APxJ consumer sectors.

AxJ Consumer Sector: A Different Approach to Investment Research and Model Portfolio

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

<ul><li><a href="https://www.smartkarma.com/entities/807" target="_blank" data-smartkarma-citation="entities:807">Las Vegas Sands Corp (LVS US)</a>  Chairman Sheldon Adelson has put the sale sign up on The Shoppes at Marina Bay Sands Mall in Singapore, strongly believing it could fetch "a hefty price". Observers believe his number for the entire property is US$5.5 billion.</li><li>Proceeds from such a sale could more than double the LVS cash position of $2.13bn shown on the balance sheet as of December 31, 2016, arming the company with an immense war chest to either finance a potential mega integrated resort in Japan's coming market or declare a special cash dividend.</li><li>LVS shares now trading around US$52 do not reflect any deal yet but could be headed for a big bump later this year if the company gets the licensing nod from Japan officials.</li></ul>

Las Vegas Sands Corp (LVS US)  Chairman Sheldon Adelson has put the sale sign up on The Shoppes at Marina Bay Sands Mall in Singapore, strongly believing it could fetch "a hefty price". Observers believe his number for the entire property is US$5.5 billion.Proceeds from such a sale could more than double the LVS cash position of $2.13bn shown on the balance sheet as of December 31, 2016, arming the company with an immense war chest to either finance a potential mega integrated resort in Japan's coming market or declare a special cash dividend.LVS shares now trading around US$52 do not reflect any deal yet but could be headed for a big bump later this year if the company gets the licensing nod from Japan officials.

Proposed Sale of 49% of Singapore Mall Could Bring $3.3 Billion in Cash to LVS Japan War Chest

Hong Kong

Techtronic Industries Company Limited designs, manufactures, and markets power tools, outdoor power equipment, accessories, hand tools, layout and measuring tools, and floorcare and appliances. The Company's products are used by consumers, professional, and industrial users in the home improvement, repair, and construction industries.

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Techtronic Industries (669 HK)

Global Ex-U.S. Equity Strategy: Positive Outlook Intact; Remain Overweight China

Incremental technical developments continue to be of the bullish variety as more and more countries/regions begin to participate in the rally....

Vermilion Research

Techtronic Industries (0669.HK): Favourable Macro Outlook Powering Its Outlook.

Techtronic Industries Co Ltd. (669 HK) is well-positioned to grow its earnings in the current macroeconomic environment. Its key operating units,...

Chan Wai Leong

Yili Industrial 2Q Results Commentary And Updated Model Portfolio.

The reaction to Yili's results tells a lot about the state of the stock market. Winter is here. This is not merely a stock market correction, it is...

Chan Wai Leong

AxJ Consumer Sector: A Different Approach to Investment Research and Model Portfolio

This paper addresses the structural changes in external investment research. Traditional sell-side research does not meet the needs of fund...

Chan Wai Leong

Proposed Sale of 49% of Singapore Mall Could Bring $3.3 Billion in Cash to LVS Japan War Chest

Las Vegas Sands Corp (LVS US) Chairman Sheldon Adelson has put the sale sign up on The Shoppes at Marina Bay Sands Mall in Singapore, strongly...

Howard J Klein

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