What Worked Asia - 12 May 2017 - Good move into Large-cap names in most of the region

What Worked

China and Hong Kong both saw a good move into large-cap names this week. In China, Datang International Power Generatation is up 16% and Zhou Hei Ya International is up 13%. In Hong Kong, China Minsheng Financial is up 20% and SEA Holdings is up 10%. No other factors really stood out in both markets.

In Thailand there was a good selloff in Value and high Beta names and a move into Large cap. Thai Retail Investment is up 7% and Srisawad Power is up 7%. Low PE names and to a lesser degree large-cap names did well in Singapore this week. Wilmar International is up 10% and First Resources is up 6%. In Taiwan, names up over the last 3 months continued to go up this week. General Interface Solution is up 17% and GlobalWafers is up 15%

Who Moved

148 names moved on volume this week. Almost half of the volume spikes came in India and Taiwan. At the Sector level, the Financial and Producer Manufacturing sectors pick up a good number of volume spikes. On the positive side, China Touyun Tech Group is up 21%, Hanmi Pharma is up 20% and Emerson Pacific is up 14%. On the other side, Taokaenoi Food & Marketing is down 15%, Ginko International is down 11% and Universal Robina is down 11%.


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