What Worked Asia - 12 Feb 2016 - When markets were open this week Value and Beta were hurt (except in Korea)

What Worked As it was Chinese New Year this week, the numbers are really pretty much all over the place. Hong Kong only had 2 trading days and that was dominated by a sell-off in Value and High Beta names. Evergrande Health Industry was down 23% and EO Technics was down 20%. Large-cap names did slightly outperform in Hong Kong. India was open for most of the week, but the results were the same. Clear rotation away from Value / Beta and into Quality. Procter & Gamble Hygiene was up 6% and Apollo Tyrese was up 9%. South Korea only had 2 trading days this week. But high dividend yield and large-cap names dominated. High Div yield names that did well were Daewoo International was up 10% and KIA Motors was up 4%. Singapore was open for 3 days but really nothing stood out other than a selloff in high Beta names. Golden Agri-Resource was down 7% and Noble Group was also down 9%.

Who Moved73 names spiked on volume this week with the majority of volume spikes coming in India. This is no surprise as most of the other regions did not have a full week due to the New Year. On the positive side, Philex Mining was up 26%, Petron Corp was up 14% and Big C Supercenter was up 9%. On the negative side, Punjab National Bank was down 21%, Indo Count Industries was down 23% and Tata Motors was down 13%.

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