What Worked Asia - 16 Jun 2017 - Value worked in Singapore and South Korea

What Worked

Names with high dividend yield dominated in Singapore this week. Hutchinson Port Holdings is up 9% and Ascendas India Trust is up 7%. South Korea was all about Value, particularly low PE, this week. Low PE names that did well were SK Gas up 7% and SKC up 8%. High Beta names also did well in South Korea this week. In China, there was a selloff in short-term momentum and large-cap names. Large-cap names that were hurt were China Evergrande Group down 16% and Want Want China Holdings down 9%.

In Hong Kong, nothing really stood out this week. India was the same with only a slight selloff in large-cap names. In the Philippines, momentum was hurt this week. This is the first-week momentum has not done well since the end of March. Atok-Big Wedge is down 8% and Rizal Commercial Banking is down 8%. Value also did very well in Taiwan this week. Low PBR names that were up were Casetek Holdings up 8% and Tatung Co up 8%.

Who Moved

172 names moved on volume this week. The volume spikes look to be relatively spread evenly across sectors. However, at the country level, South Korea picked up a good number of volume spikes. On the positive side, SillaJen Inc is up 48%, Igarashi Motors India is up 21% and GMR Infrastructure is up 16%. On the other side, Esprit Holdings is down 25%, Global Brands Group is down 22% and Xiabuxiabu Catering Management is down 17%.


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