What Worked Asia - 02 Sep 2016 - Nothing really stood out in HK/China, but good selloff in Size in Taiwan

What Worked – Nothing really stood out in Hong Kong / China this week. There was a slight move into momentum names in China and a slight move into high Beta names in Hong Kong. High Beta names in Hong Kong that did well were Luen Wong Group up 30% and Melco International Development up 15%. Singapore saw a move into high growth names this week, with a slight sell off in high Beta names. Singapore Post is up 3% and Mapletree Commercial is up 3%. There was a good move in Value and large cap names in South Korea this week. Samsung Card is up 17% and Pan Ocean is up 11%.

In Taiwan there was a big selloff in large cap names. Evergreen Marine is up 16% and Epistar Corp is up 12%. Beta and low PBR names did not do well in Indonesia this week. Low PBR names that did not do well were Bank CIMB Niaga is down 22% and Holcim Indonesia is down 9%. India saw a slight move into high Beta and momentum names. Momentum names that were up this week were Dr. LaiPathLabs up 26% and Aegis Logistics up 20%. Positive EPS revisions names did well in the Philippines this week. San Miguel Pure Foods was up 4% and LT Group was up 3%.

Who Moved – 182 names moved on volume this week in Asia. At the sector level, a good amount of the spikes came in the Financial and Health Technology sectors. At the regional level, HK/China made up almost half of the volume spikes, despite no factor really standing out in HK/China. On the positive side, Plaza Indonesia Realty is up 21%, China Aircraft Leasing Group is up 17% and Korean Air Lines is up 20%. On the other side, Hon Hai Precision Industry is down 13%, China Goldjoy Group is down 13% and Creative China Holdings is down 10%.

Summary

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