Nothing really stood out in China and there was just a slight move into low PBR names in Hong Kong. South China Holdings is up 11%. In Singapore, there was a move into Value names and names with positive EPS revisions. Value names that did well in Singapore were China Aviation Oil up 8% and Yanlord Land Group is up 6%. In South Korea there was selloff in Value and Large-cap names and a move into Growth. Growth names that outperformed were CJ CGV up 10% and Interflex up 9%.
In India, high ROE / ROIC names did not do well and there was a slight rotation into Beta. High ROE names that underperformed were SpiceJet down 7% and United Spirits down 7%. In the Philippines, large-cap names did well this week. Megaworld is up 17% and Metro pacific Investments is up 9%.
122 names moved on volume this week. On the positive side, BBMG Corp is up 42%, Indah Kiat Pulp & Paper is up 26% and Maoye International is up 23%. On the other side, AhnLab is down 11%, Ennoconn is down 9% and CT Environmental Group is down 9%.
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