Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>The Chinese property market is undergoing a revival story initiated by the government.</li>
<li>
<a href="https://www.smartkarma.com/entities/xinyi-glass-holdings-ltd" target="_blank" data-smartkarma-citation="entities:11940:1" rel="noopener">Xinyi Glass Holdings (868 HK)</a> main product is a key component for real estate developers.</li>
<li>Xinyi Glass has a much cleaner balance sheet compared to the property developers. </li>
</ul>


The Chinese property market is undergoing a revival story initiated by the government.

Xinyi Glass Holdings (868 HK) main product is a key component for real estate developers.
Xinyi Glass has a much cleaner balance sheet compared to the property developers. 


Xinyi Glass (868): Efficient Way to Ride Chinese Property Market Revival

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

Over the past several weeks we have outlined the case for our increasingly bullish outlook, noting that market internals remain favorable and S&amp;P 500 and MSCI ACWI price trends are showing evidence of early-stage uptrend formations. In today’s report we provide an overview of international markets and highlight our top recommendations.

Over the past several weeks we have outlined the case for our increasingly bullish outlook, noting that market internals remain favorable and S&amp;P 500 and MSCI ACWI price trends are showing evidence of early-stage uptrend formations. In today’s report we provide an overview of international markets and highlight our top recommendations.

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

Did OCI make a risky bet? It appears that the market likes this deal. OCI was up 11.55% today. It will buy a 16.5% stake in Tokuyama Malaysia for ₩26.5bil (Tokuyama will issue new shares to OCI in a third-party allotment). More importantly, OCI retains the right to buy the remaining stake on March 31 next year for ₩194.2bil. If OCI decides to exercise its call option, then Tokuyama Malaysia will be its wholly-owned subsidiary.1. From Tokuyama's perspectiveApparently, Tokuyama has not found a way…

Did OCI make a risky bet? It appears that the market likes this deal. OCI was up 11.55% today. It will buy a 16.5% stake in Tokuyama Malaysia for ₩26.5bil (Tokuyama will issue new shares to OCI in a third-party allotment). More importantly, OCI retains the right to buy the remaining stake on March 31 next year for ₩194.2bil. If OCI decides to exercise its call option, then Tokuyama Malaysia will be its wholly-owned subsidiary.1. From Tokuyama's perspectiveApparently, Tokuyama has not found a way…

OCI's 16.5% Stake Acquisition in Tokuyama Malaysia - Good Bargain or Risky Bet?

Japan

Tokuyama Corp produces inorganic and organic industrial chemicals, synthetic res ins, cement, and construction materials.  The Company's product lines include Portland cement, soda chemicals, and polycrystalline silicon.

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Tokuyama Corp (4043 JP)

Xinyi Glass (868): Efficient Way to Ride Chinese Property Market Revival

The Chinese property sector will be resurrected. Xinyi Glass main product, float glass, will be in much demand. Their new product, low-emission...

Henry Soediarko

Global Equity Markets Overview

Over the past several weeks we have outlined the case for our increasingly bullish outlook, noting that market internals remain favorable and...

Vermilion Research

OCI's 16.5% Stake Acquisition in Tokuyama Malaysia - Good Bargain or Risky Bet?

Did OCI make a risky bet? It appears that the market likes this deal. OCI was up 11.55% today. It will buy a 16.5% stake in Tokuyama Malaysia...

Sanghyun Park

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