What Worked Asia - 10 Mar 2017 - Mixed bag with no style really standing out this week

What Worked

High ROE and Sales growth names did well this week in China. Sunac China Holdings is up 13% and China Maple Leaf Educational System is up 13%. In Hong Kong it was more about Value with high dividend yield names doing the best. Shimao Property Holdings is up 15% and Country Garden Holding is up 15%. In India, high ROE names did well and low PBR names were hurt this week. High ROE names that did well were Astral Poly Technik up 10% and Delta Corp up 13%.In Singapore there was slight selloff in high dividend names and a move into low Debt to Equity names. Far East Orchard is up 7% and TalkMed Group is up 7%.  In South Korea, quality names were the strongest this week. Youngone Corp is up 9% and Korea Kolmar is up 6%. In the Philippines there was a slight selloff in large-cap names and a move into high Beta names.

In Singapore there was slight selloff in high dividend names and a move into low Debt to Equity names. Far East Orchard is up 7% and TalkMed Group is up 7%.  In South Korea, quality names were the strongest this week. Youngone Corp is up 9% and Korea Kolmar is up 6%. In the Philippines there was a slight selloff in large-cap names and a move into high Beta names.

Who Moved

216 names moved on volume this week. At the Country level, the spikes look to be well distributed. However, close to a quarter of the spikes were in the Financial Sector. On the positive side, China Overseas Grand Oceans Group is up 28%, Agile Group Holdings is up 19% and China Regenerative Medicine International is up 19%. On the other side, Group Lease Public is down 52%, Macronix International is down 12% and Alibaba Health Information Technology is down 14%.

Summary

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