EM leadership screen & chart book
Notable Themes:• EM Sector Overweights: Led by Tech, which is advancing to new relative strength highs, cyclical sectors continue to outperform. Energy and materials present timely buys; both sector's relative strength trends have pulled back to support levels. We still recommend overweighting energy, financials, materials, and tech... see pages 2-3.
• Tech Stocks: Tech is a global leader. Attractive charts highlighted today: Inari Amerton Berhad (0166-MY), Dongbu HiTek (000990-KR), Samsung SDI (006400-KR), E Ink (8069-TW), Hana Microelectronics (HANA-TH), and Pegatron (4938-TW).
• Strength in Metal Fabrication Stocks: A repeat recommendation from our last EM screen, metal fabrication stocks continue to screen well. We like Catcher Technology (2474-TW) and Duzon Bizon (012510-KR).
• Bullish Banks: Some of the better chart patterns are concentrated in the banks. Our favorite names from this week's report, many which are emerging from cyclical base patterns: Banco Santander Chile, CIMB Group (1023-MY), Bangkok Bank (BBL-TH), Bank of the Philippine Islands (BPI-PH), and Turkiye Vakiflar Bankasi (VAKBN-TR).
• Overweight Small Caps: The EM Small/Large-Cap ratio is reversing a 12-month downtrend in favor of small caps. Adjust accordingly
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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