What Worked Asia - 17 Jun 2016 - Size and Beta were hurt in most markets this week

What Worked – In China this week there was a pretty good selloff in high Beta and large-cap names. China Oilfields Services was down 11% and Bank of China Limited was down 9%. In Hong Kong, there was also a good selloff in large-cap names this week with a move into high Sales growth and positive EPS revision names. BEP International was down 11% and Li & Fung was down 10%. In Singapore, there was a huge selloff in high Beta names with a rotation into high Dividend Yield names. CEFC was down 18% and Ezion was down 10%.

High Dividend Yield names that were up were SATS up 3% and Ascendas India up 1%. In South Korea, high ROIC names did well this week. SK Materials was up 9% and Korea Real Estate Investment was up 5%. In Taiwan and Thailand large cap names were hurt. Inotera Memories was down 11% and Total Access Communication was down 9%.

Who Moved – 103 names moved on volume this week. A good number of spikes came in South Korea and India. At the Sector level, 33% of the names were in the Financial Sector. On the positive side, Bracell Limited was up 59%, CrystalGenomics was up 46% and State Bank of Travancore was up 39%. On the other side, Goodbaby International was down 24%, Hanall Biopharma was down 18% and Plan B Media Public was down 14%.

 

Summary

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