Japan Airpot Terminal 9706 JT - Bearish Below 4660

Macro & Asian equity Technical Strategies, BBSP Asia

Federico D'Inca

Macro & Asian equity Technical Strategies

BBSP Asia

Technical Analysis

Japan Airport Terminal Co / Technical Analysis

Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAPThis week:• No change in tactical allocation • The ASX drifted last week, testing our support, before bouncing back significantly. The ratio ASX/MXAP is also testing a key level above which we keep our rating unchanged for ASX (ie, “Increase exposure”). • Keep rating unchanged for the other countries (Nikkei, Nifty, HSI, HSCEI), i.e. maintain “Increase Exposure”. • Kospi remains “Hold” as ratio is still drifting sideways below first…

Mid-Term Country Allocation (Tactical view) in terms of RV vs MXAPThis week:• No change in tactical allocation • The ASX drifted last week, testing our support, before bouncing back significantly. The ratio ASX/MXAP is also testing a key level above which we keep our rating unchanged for ASX (ie, “Increase exposure”). • Keep rating unchanged for the other countries (Nikkei, Nifty, HSI, HSCEI), i.e. maintain “Increase Exposure”. • Kospi remains “Hold” as ratio is still drifting sideways below first…

BBSP Equity Asia Weekly Research 14 June 2017