What Worked Asia - 03 Jun 2016 - Value in South Korea and Slight move in high Beta names in China

What Worked – There was a selloff in Value names in South Korea this week. LG Uplus is down 9% and Lotte Confectionery is down 9% this week. Taiwan saw a good move in large-cap name. HTC Corp was up 18% and OBI Pharma was up 18%. In China there was a slight move into Value and high Beta names. China Longyuan Power Group was up 17% and Sinotruk Hong Kong was up 11%.

In Hong Kong there was a slight selloff in names that were up over the last month. Digital China Holdings was down 7% and Blue Sky Power Holding was down 4%. In Singapore, also names that were up over the last month went down this week. China Everbright Water was down 4% and CEFC International was down 4%. The Philippines was all about Size. Philippines Long Distance was up 14% and LT Group was up 10%.

Who Moved – 195 names moved on volume this week. A good number of those spikes coming in India and HK/China. On a sector basis, the Finance Sector dominated the spikes. On the positive side, Vision Fame International was up 38%, PT J Resources Asia was up 24% and Yeo Hiap Seng was up 17%. On the other side, Dongwon Industries was down 10%, Digital China Holdings was down 7% and Giga Solar Materials was down 8%. All on strong volume.


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