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September 24, 2018

Top Longs Based on Momentum

a0e
tickernamecountrysectorPeriodChange
3808SINOTRUK (HONG KONG) LTDChinaIndustrials71.32
047810KOREA AEROSPACE INDUSTRIES LTDKorea (South)Industrials37.09
047810KOREA AEROSPACE INDUSTRIES LTDKorea (South)Industrials37.09
009540HYUNDAI HEAVY INDUSTRIES LTDKorea (South)Industrials28.10
009540HYUNDAI HEAVY INDUSTRIES LTDKorea (South)Industrials28.10
2588BOC AVIATION LTDChinaIndustrials26.92
010140SAMSUNG HEAVY INDUSTRIES LTDKorea (South)Industrials24.42
AYIACUITY BRANDS INCUnited StatesIndustrials18.68
6098RECRUIT HOLDINGS LTDJapanIndustrials17.97
URIUNITED RENTALS INCUnited StatesIndustrials16.74

Top Shorts Based on Momentum

9eb
tickernamecountrysectorPeriodChange
257CHINA EVERBRIGHT INTERNATIONAL LTDChinaIndustrials-29.17
AEVABOITIZ EQUITY VENTURES PHP1 INCPhilippinesIndustrials-26.79
AEVABOITIZ EQUITY VENTURES PHP1 INCPhilippinesIndustrials-26.79
ATLATLANTIAItalyIndustrials-24.94
CCRO3COMPANHIA CONCESSOES RODOVIARIAS SBrazilIndustrials-23.62
CCRO3COMPANHIA CONCESSOES RODOVIARIAS SBrazilIndustrials-23.62
JOBS51JOB ADR REPRESENTING INCChinaIndustrials-23.34
JOBS51JOB ADR REPRESENTING INCChinaIndustrials-23.34
WSKTWASKITA KARYA PERSERO CLS AIndonesiaIndustrials-21.43
GCARSOA1GRUPO CARSO SERIES A1MexicoIndustrials-19.10
370
MLIndexnameytd1monthFy1PE
STRQIN Index New York Stock Exchange (NYSE)STRATAQUANT INDUSTRIALS5.123.3215.3
MXEF Index MSCIMSCI EM-11.62-3.7110.7

Commodities YTD Performance

1f40
NameUnitsKeyLastPriceCurrencyYTDChange USDpct1month
Cocking CoalCNY/MTCocking Coal1334CNY28.27-4.17
Brent Crude (ICE)USD/bbl.Oil79.70USD19.922.49
Wheat (CBOT)USd/bu.Wheat5.2025USD18.247.60
Cocoa (ICE)USD/MTCocoa2195.00USD13.55-10.44
Feeder Cattle (CME)USd/lb.Feeder Cattle1.5773USD8.417.43
Orange Juice (ICE)USd/lb.Orange Juice1.466USD7.64-8.63
Oats (CBOT)USd/bu.Oats2.49USD7.104.84
Cotton #2 (ICE)USd/lb.Cotton0.7896USD1.96-5.49
NickelUSD/MTNickel12465USD1.76-15.18
Canola (ICE)CAD/MTCanola486.30CAD-0.84-4.72
SteelUSD/MTSteel516USD-1.71-6.27
Corn (CBOT)USd/bu.Corn3.4525USD-3.43-2.54
Natural Gas (Nymex)USD/MMBtuNatural Gas2.91USD-3.64-1.36
Live Cattle (CME)USd/lb.Live Cattle1.1798USD-3.8913.74
Palladium SpotUSD/t oz.Palladium1039.45USD-4.726.04
3Mo Tin (LME)USD/MT3Mo Tin18870.00USD-5.77-7.61
Ethanol (CBOT)USD/gal.Ethanol1.25USD-8.09-12.59
Gold SpotUSD/t oz.Gold1205.34USD-8.12-7.36
3Mo Aluminum (LME)USD/MT3Mo Aluminum2026.00USD-10.67-10.95
Platinum SpotUSD/t oz.Platinum824.48USD-12.22-9.14
Soybean (CBOT)USd/bu.Soybean8.265USD-14.42-6.45
Rough Rice (CBOT)USD/cwtRough Rice9.98USD-15.14-11.05
Copper (Comex)USd/lb.Copper2.7405USD-16.26-9.96
Silver (Comex)USD/t oz.Silver14.36USD-16.41-12.71
Rubber (Tokyo)JPY/kgRubber169.70JPY-18.02-2.69
Lean Hogs (CME)USd/lb.Lean Hogs0.579USD-18.83-23.53
Lumber (CME)USD/1000 board feetLumber347.20USD-22.90-35.80
Sugar #11 (ICE)USd/lb.Sugar0.1164USD-23.92-4.98
Coffee 'C' (ICE)USd/lb.Coffee0.9670000000000001USD-25.41-16.46
3Mo Zinc (LME)USD/MT3Mo Zinc2434.00USD-26.66-21.20

Country USD Yields Ordered By YTD Yield Change

1f40
countryYieldYieldChange
Zambia12.125.90
Turkey10.945.58
Jamaica11.754.94
Lebanon11.794.53
Argentina9.613.93
Ecuador10.043.29
Tunisia8.772.98
Bermuda11.122.47
Russian Federation6.482.07
Sri Lanka6.912.05
Kenya7.611.92
Gabon7.951.90
India6.301.81
Ukraine8.491.70
Cote D'Ivoire (Ivory Coast)7.361.66
Senegal7.181.65
Italy6.591.61
Egypt7.281.50
South Africa6.291.39
China5.961.39
Nigeria7.251.38
Pakistan7.501.36
El Salvador7.601.27
Bahrain7.311.21
Ethiopia7.001.19
Iraq7.561.18
Mongolia6.601.18
Trinidad and Tobago5.271.11
Singapore5.111.08
Brazil6.781.06
Ghana7.111.06
Romania4.381.05
Jordan7.201.02
Dominican Republic5.831.00
Indonesia4.900.97
Belgium6.350.95
Australia5.650.95
Lithuania3.400.93
Serbia4.040.91
Morocco4.780.91
Hong Kong4.690.91
Oman5.640.90
Costa Rica6.880.86
Hungary4.010.85
Bolivia5.820.84
Chile5.170.83
Malaysia4.410.82
Macau5.850.82
Uruguay4.500.79
Kazakhstan5.510.79
Slovak Republic3.270.79
Netherlands5.120.78
Poland3.470.77
Kuwait4.360.76
Philippines4.080.74
Vietnam4.270.72
Peru4.810.71
Mexico5.180.68
Croatia (Hrvatska)3.900.67
Taiwan4.100.65
New Zealand5.720.65
Guatemala5.370.64
Qatar4.420.61
Panama4.700.59
Angola7.570.59
Paraguay5.740.58
Saudi Arabia5.290.58
Colombia5.010.54
Korea (South)4.150.54
United Arab Emirates4.810.53
Supranational4.100.53
Thailand4.600.53
Finland4.550.51
France7.140.47
Azerbaijan5.170.41
Sweden4.410.37
Canada6.380.30
United Kingdom5.800.30
Ireland5.420.26
United States5.660.24
Israel5.34-0.08
Germany4.98-0.16
Switzerland6.96-0.18
Venezuela5.66-1.55
Luxembourg7.39-2.09

Industrials Regional Performance Last Month

1119
SubindustryEuropeEMUGEMWorld
Capital Goods: Machinery3.551.837.665.53
Capital Goods: Trading Companies & Distributors2.382.578.055.34
Capital Goods: Aerospace & Defense3.513.825.505.31
Capital Goods Industry Group2.331.862.543.89
Transportation: Road & Rail-2.130.004.203.65
Capital Goods: Construction & Engineering2.251.792.502.98
Industrials Sector1.261.402.052.96
Capital Goods: Electrical Equipment0.860.090.602.46
Transportation Industry Group0.091.200.962.07
Capital Goods: Building Products3.215.135.351.98
Transportation: Airlines-0.151.562.971.78
Capital Goods: Industrial Conglomerates-0.29-0.490.080.71
Transportation: Air Freight & Logistics1.490.733.29-0.18
Transportation: Transportation Infrastructure1.561.56-0.54-0.21
Commercial & Professional Services: Commercial Services & Supplies0.150.443.26-0.70
Transportation: Marine-3.040.000.85-1.22
Commercial & Professional Services Industry Group-3.18-3.142.04-1.37
Commercial & Professional Services: Professional Services-3.87-3.84-2.68-1.81

Industrials Regional Performance YTD

116a
SubindustryEuropeEMUGEMWorld
Capital Goods: Aerospace & Defense23.0028.76-16.9014.82
Transportation: Road & Rail16.640.00-7.4813.56
Capital Goods: Trading Companies & Distributors6.48-0.18-11.088.78
Commercial & Professional Services: Commercial Services & Supplies1.7317.42-28.717.33
Commercial & Professional Services Industry Group-1.976.12-29.116.34
Commercial & Professional Services: Professional Services-2.724.240.005.61
Transportation Industry Group-12.87-17.34-16.184.35
Industrials Sector-1.12-0.81-10.612.25
Capital Goods Industry Group1.271.72-7.191.12
Capital Goods: Electrical Equipment-8.00-8.69-15.57-1.55
Transportation: Air Freight & Logistics-19.46-21.78-16.06-2.16
Capital Goods: Machinery-2.13-3.450.61-3.54
Capital Goods: Construction & Engineering-3.39-3.542.06-3.73
Transportation: Airlines-12.98-13.94-25.32-5.03
Capital Goods: Building Products-6.15-17.89-13.71-5.78
Capital Goods: Industrial Conglomerates-6.46-7.04-11.57-7.94
Transportation: Transportation Infrastructure-15.60-15.60-13.80-13.81
Transportation: Marine-13.680.00-24.49-14.19

Industrials Performance in Various Countries Last Month

de0
countryPeriodChange
Hong Kong10.71
Korea (South)6.90
Denmark6.24
New Zealand6.19
Thailand5.78
United States5.46
Japan4.49
Spain3.83
Sweden3.40
Switzerland3.37
France2.64
Mexico1.25
Germany1.20
Netherlands0.80
Singapore0.61
Bangladesh0.00
Morocco-0.49
Kuwait-0.53
United Kingdom-0.81
China-0.82
Qatar-1.60
Canada-2.22
Taiwan-2.30
Australia-2.99
Italy-5.22
Finland-5.56
South Africa-6.41
India-6.83
Malaysia-6.98
Turkey-7.00
Vietnam-7.35
United Arab Emirates-11.14
Philippines-11.62
Brazil-12.12
Chile-12.30
Argentina-12.38
Egypt-14.27
Indonesia-18.07

Industrials Valuation and Growth in Various Countries (Simple Averages)

147c
CountryPEFy0PEFy12018Growth
CHILE0.000.00156.06
TURKEY14.209.0055.43
FINLAND16.3314.0051.25
AUSTRALIA9.508.5039.39
FRANCE20.8819.3138.23
MALAYSIA17.6011.6032.53
SPAIN19.2917.4330.85
CANADA21.2517.7529.29
ITALY27.5023.0027.13
JAPAN14.6513.5326.80
SOUTH AFRICA12.3314.0023.49
TAIWAN16.1512.8523.29
UNITED STATES20.6415.5321.75
GERMANY18.5013.5020.32
NETHERLANDS22.6716.3319.51
HONG KONG9.408.6019.25
SOUTH KOREA7.5010.6218.11
CHINA13.169.9517.69
SWITZERLAND0.000.0015.57
SWEDEN19.6317.2514.82
BRITAIN17.6316.1313.72
RUSSIA2.303.009.80
DENMARK21.5018.507.64
PHILIPPINES20.6017.005.41
INDIA8.2210.561.92
CYPRUS7.009.000.37
UAE0.000.000.00
MEXICO12.2014.20-5.34
BRAZIL16.2914.57-7.16
INDONESIA21.0016.00-10.82
SINGAPORE0.000.00-14.47
1e5b
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    Valuation and Growth of Various Sectors in Industrials

    35
    430
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    3d2
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    4a6
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    Link to Industrials Macro Page

    Industrials sector trades at 2018 simple average 1d PE Fy1 of 13.3 x and 2018 13 PE Fy2 of 12.0 x 39

    Industrials sector trades at 2018 simple average 20 EV/EBITDA of 8.7 x and 2018 5b EV/EBITDA of 8.0 x

    In terms of Dividend yield Industrials sector trades at 2018 1c Yield of 1.6 % and 2018 52 Dividend Yield of 1.8 %

    On ROE basis Industrials sector trades at 2018 1b ROE of 11.8 % and 2018 57 ROE of 12.1 %

    Largest Companies in Industrials by Market Capitalisation mn$

    179f
    TickerCompanyCountryIndustrySubIndustryMarketCapUSDmn
    BA USBoeing Co/TheUNITED STATESCapital GoodsAerospace & Defense198176.0
    MMM US3M CoUNITED STATESCapital GoodsIndustrial Conglomerates128706.0
    GE USGeneral Electric CoUNITED STATESCapital GoodsIndustrial Conglomerates114448.0
    SIE GRSiemens AGGERMANYCapital GoodsIndustrial Conglomerates110916.0
    HON USHoneywell International IncUNITED STATESCapital GoodsIndustrial Conglomerates109615.0
    UNP USUnion Pacific CorpUNITED STATESTransportationRailroads104253.0
    UTX USUnited Technologies CorpUNITED STATESCapital GoodsAerospace & Defense98610.0
    LMT USLockheed Martin CorpUNITED STATESCapital GoodsAerospace & Defense98003.0
    UPS USUnited Parcel Service IncUNITED STATESTransportationAir Freight & Logistics92180.0
    CAT USCaterpillar IncUNITED STATESCapital GoodsConstruction Machinery & Heavy89727.0
    AIR FPAirbus SEFRANCECapital GoodsAerospace & Defense89380.0
    GD USGeneral Dynamics CorpUNITED STATESCapital GoodsAerospace & Defense65046.0
    FDX USFedEx CorpUNITED STATESTransportationAir Freight & Logistics64642.0
    RTN USRaytheon CoUNITED STATESCapital GoodsAerospace & Defense63742.0
    NOC USNorthrop Grumman CorpUNITED STATESCapital GoodsAerospace & Defense61391.0
    DG FPVinci SAFRANCECapital GoodsConstruction & Engineering60305.0
    DPW GRDeutsche Post AGGERMANYTransportationAir Freight & Logistics55655.0
    CNR CNCanadian National Railway CoCANADATransportationRailroads55431.0
    ITW USIllinois Tool Works IncUNITED STATESCapital GoodsIndustrial Machinery52829.0
    SU FPSchneider Electric SEFRANCECapital GoodsElectrical Components & Equipm50584.0

    Number of Companies in Industrials by Country by SubIndustry and Market Capitalisation mn$

    1231
    CountryIndustrySubIndustryNumber of companiesMarketCapUSDmn
    RussiaTransportation & LogisticsTransportation & Logistics12157.0
    SOUTH KOREATransportationAirlines13013.0
    SOUTH KOREATransportationMarine11383.0
    SOUTH KOREATransportationAir Freight & Logistics16158.0
    CHINATransportationAirlines238911.0
    HONG KONGTransportationMarine Ports & Services29910.0
    CHINATransportationHighways & Railtracks211822.0
    CHINATransportationMarine212641.0
    TAIWANTransportationMarine57400.0
    TAIWANTransportationAirlines24157.0
    HONG KONGTransportationRailroads133027.0
    CHINATransportationAirport Services16278.0
    JAPANTransportationRailroads240609.0
    JAPANTransportationAir Freight & Logistics110646.0
    JAPANTransportationAirlines227378.0
    UNITED STATESTransportationAirlines377801.0
    SPAINTransportationHighways & Railtracks122320.0
    INDIATransportationMarine Ports & Services112153.0
    RUSSIATransportationAirlines12602.0
    AUSTRALIATransportationRailroads26873.0

    Top Companies Industrials by Dividend Yield

    6dd
    TickerCompanyCountryIndustrySubIndustryDividendYld_fy1
    HMSG LIHMS HYDRAULIC MACHINES & SYSTEMS GROUP PLCRUSSIACapital GoodsIndustrial Machinery10.0
    GLTR LIGlobaltrans Investment PLCCYPRUSTransportationRailroads9.0
    AFLT RMAeroflot PJSCRUSSIATransportationAirlines8.0
    CPI LNCapita PLCBRITAINCommercial & Professional ServHuman Resource & Employment Se7.0
    576 HKZhejiang Expressway Co LtdCHINATransportationHighways & Railtracks6.0

    Cheapest Companies in Industrials on FY1 PE

    710
    TickerCompanyCountryIndustrySubIndustryPE_fy1
    6502 JPToshiba CorpJAPANCapital GoodsIndustrial Conglomerates3.0
    CPI LNCapita PLCBRITAINCommercial & Professional ServHuman Resource & Employment Se3.0
    000880 KSHanwha CorpSOUTH KOREACapital GoodsIndustrial Conglomerates4.0
    HMSG LIHMS HYDRAULIC MACHINES & SYSTEMS GROUP PLCRUSSIACapital GoodsIndustrial Machinery4.0
    OHLMEX* MMOHL Mexico SAB de CVMEXICOTransportationHighways & Railtracks4.0


    Earnings Relises and Dividends

    4c4
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