What Worked Asia - 12 Aug 2016 - Size domintated a little and Quality was hurt this week

What Worked – In China there was a pretty good move into Size this week. Credit China Holdings was up 21% and Semiconductor Manufacturing was up 19%. In Hong Kong it was all about Beta and to a lesser degree Value. Guotai Junan International was up 15% and Shanghai Industrial Holdings was up 13%. In South Korea there was a huge reversal in momentum names, particularly 1-month momentum.  Names that were down over the last month bounced back this week. Yungin Pharm was up 11% and CJ E & M was up 13% this week.

In Singapore there was also a slight move into Size this week. Sinarmas Land Limited was up 8% and Delfi Limited was up 2%. India saw a move into Quality names and away from high beta names. Bombay Burmah Trading was up 19% and Sundram Fasteners was up 22%. Taiwan also saw a slight move into large cap names and a move away from quality. Formosa Petrochemical was up 10% and PChome Online was up 7%. In the Philippines, names with positive EPS revisions did not do well this week. 

Who Moved

260 names moved on volume this week. At the sector level, Consumer Non-Durables and Health Technology picked up a good number of volume spikes. On the positive side, Oishi Group Public was up 29%, Merry Electronics was up 18% and Bombay Burmah Trading was up 19%. On the other side, Phison Electronics was down 15% and Grasim Industries was down 14% and Inox Wind was down 13%.

Summary

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