What Worked Asia - 27 Jan 2017 - Large cap and high Beta the only factors to stand out this week

What Worked – With the Chinese New Year starting up, none of the Value or Growth factors worked in China / HK. However in both regions, there was a slight move into high Beta names. In Hong Kong, Ground International Development was up 18% and MMG was up 17%. In South Korea none of the Value or Quality factors stood out as well this week. Value, particularly PE, worked in Taiwan. Yageo Corp was up 15% and Elite Material was up 10%.

In Singapore, large-cap names did well this week. Large cap names that outperformed were Dairy Farm International up 11% and Japfa up 9%. High Beta name did very well in India this week. Adani Enterprises was up 17% and Bharat Financial Inclusion was up 12%. In Malaysia, Value and high Beta names did well at the expense of Growth names. UMW Holdings was up 13% and Eco World Development was up 10%.

Who Moved – 122 names moved on volume this week. The volume spikes look to be evenly distributed across Sectors and Regions. On the positive side, United Co RUSAL was up 31%, Trent Limited was up 18% and Aluminum Corporation of China Limited was up 18%. On the other side, Cosmo Lady (China) Holdings was down 16%, Dong-A-Socio Holdings was down 13% and TPI Polene Public was down  12%.

Summary

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