20160709-三星证券-Technical_Bi-weekly_Chartbook_24页_1mb

报告摘要

Samsung Technical View Summary

Core Content Overview

This document presents a Technical Bi-weekly Chartbook from Samsung Securities, analyzing global equity indices, global currencies, global commodities, and Korean equities (both sectors and individual stocks) using a technical scoring system. The report is dated 2016.7.9 and includes ratings based on price movements relative to moving averages and benchmark indices.

Main Views and Key Information

Global Equity Indices

World (MSCI AC World): Scored as ★★☆☆☆ (Neutral) with a status of —.
US: Scored as ★★★☆☆ (Neutral) with a status of —.
Eurozone: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
Japan: Scored as ★☆☆☆☆ (Very Negative) with a status of Oversold.
Germany: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
UK: Scored as ★★★☆☆ (Neutral) with a status of Overbought.
Australia: Scored as ★★☆☆☆ (Neutral) with a status of —.
EM (Emerging Markets): Scored as ★★☆☆☆ (Very Negative) with a status of —.
Korea: Scored as ★★☆☆☆ (Neutral) with a status of —.
China: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
Taiwan: Scored as ★★☆☆☆ (Neutral) with a status of —.
India: Scored as ★★★☆☆ (Positive) with a status of —.
Brazil: Scored as ★★★☆☆ (Positive) with a status of Overbought.
Russia: Scored as ★★★★★ (Very Positive) with a status of —.

The MSCI AC World index is benchmarked, and the MSCI Emerging Index is also compared to it. Both indices show a neutral disparity.

DM Indices vs MSCI AC World

US: Scored as ★★★☆☆ (Positive) with a ★★★★★ (Very Positive) relative score.
Japan: Scored as ★☆☆☆☆ (Very Negative) with a ★☆☆☆☆ (Very Negative) relative score.
Eurozone: Scored as ★☆☆☆☆ (Very Negative) with a ★☆☆☆☆ (Very Negative) relative score.
UK: Scored as ★★★☆☆ (Positive) with a ★★★☆☆ (Positive) relative score.
Germany: Scored as ★☆☆☆☆ (Very Negative) with a ★☆☆☆☆ (Very Negative) relative score.

EM Indices vs MSCI AC World

Korea: Scored as ★★★☆☆ (Positive) with a ★★★☆☆ (Positive) relative score.
Taiwan: Scored as ★★★☆☆ (Positive) with a ★★★★★ (Very Positive) relative score.
China: Scored as ★☆☆☆☆ (Very Negative) with a ★☆☆☆☆ (Very Negative) relative score.
India: Scored as ★★★☆☆ (Positive) with a ★★★☆☆ (Positive) relative score.
Russia: Scored as ★★★★★ (Very Positive) with a ★★★★★ (Very Positive) relative score.
Brazil: Scored as ★★★☆☆ (Positive) with a ★★★★★ (Very Positive) relative score.

EM Indices vs MSCI EM

Korea: Scored as ★★★☆☆ (Positive) with a ★★★☆☆ (Positive) relative score.
China: Scored as ★☆☆☆☆ (Very Negative) with a ★☆☆☆☆ (Very Negative) relative score.
Taiwan: Scored as ★★★☆☆ (Positive) with a ★★★★★ (Very Positive) relative score.
India: Scored as ★★★☆☆ (Positive) with a ★★★★★ (Very Positive) relative score.
Russia: Scored as ★★★★★ (Very Positive) with a ★★★★★ (Very Positive) relative score.
Brazil: Scored as ★★★☆☆ (Positive) with a ★★★★★ (Very Positive) relative score.

Global Currencies

WisdomTree Emerging Currency Strategy Fund: Scored as ★★★☆☆ (Positive) with a status of —.
USD/KRW: Scored as ★★★★☆ (Very Positive) with a status of —.
USD/JPY: Scored as ★☆☆☆☆ (Very Negative) with a status of Extremely Oversold.
USD/GBP: Scored as ★★★★★ (Very Positive) with a status of Extremely Overbought.

Global Commodities vs CRB Index

CRB Index: Scored as ★★★☆☆ (Positive) with a status of —.
Metals: Scored as ★★★☆☆ (Positive) with a status of —.
Foodstuffs: Scored as ★★☆☆☆ (Very Negative) with a status of —.
Livestock: Scored as ★★★☆☆ (Positive) with a status of —.
Textiles: Scored as ★★★☆☆ (Positive) with a status of —.
Raw Industrials: Scored as ★★★☆☆ (Positive) with a status of —.
Fats & Oils: Scored as ★★★☆☆ (Positive) with a status of —.
WTI: Scored as ★★☆☆☆ (Very Negative) with a status of —.
Gold: Scored as ★★★☆☆ (Positive) with a status of Overbought.

Korea Equities: Sectors

MSCI Korea: Scored as ★★☆☆☆ (Positive) with a status of —.
Energy: Scored as ★★★★☆ (Very Positive) with a status of —.
Materials:
- Chemicals: Scored as ★★★☆☆ (Positive) with a status of —.
- Metals & Steel: Scored as ★★☆☆☆ (Very Negative) with a status of —.
Industrials:
- Shipbuilding & Machinery: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Construction: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Transportation: Scored as ★☆☆☆☆ (Very Negative) with a status of Oversold.
Consumer Discretionary:
- Autos & Auto Parts: Scored as ★★★☆☆ (Positive) with a status of —.
- Retail: Scored as ★☆☆☆☆ (Very Negative) with a status of Oversold.
IT:
- IT: Scored as ★★★☆☆ (Positive) with a status of Overbought.
- Software: Scored as ★★★☆☆ (Positive) with a status of —.
Financials:
- Banks: Scored as ★☆☆☆☆ (Very Negative) with a status of Oversold.
- Insurance: Scored as ★★★☆☆ (Positive) with a status of Extremely Oversold.
- Securities Brokers: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
Consumer Staples: Scored as ★★★★★ (Very Positive) with a status of —.
Healthcare: Scored as ★★★★★ (Very Positive) with a status of —.
Telecom Services: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
Utilities: Scored as ★★★★★ (Very Positive) with a status of —.

Korea Equities: Individual Stocks

Energy:
- SK Innovation: Scored as ★★★★☆ (Very Positive) with a status of —.
Materials:
- LG Chem: Scored as ★★★☆☆ (Positive) with a status of —.
- KCC: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Korea Zinc: Scored as ★★★★★ (Very Positive) with a status of —.
Industrials:
- Korea Aerospace Industries: Scored as ★★★★★ (Very Positive) with a status of —.
- Hyundai Heavy Industries: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Hyundai Development Co: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Hyundai Glovis: Scored as ★☆☆☆☆ (Very Negative) with a status of Oversold.
Consumer Discretionary:
- Hyundai Motor: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Hyundai Mobis: Scored as ★★★★★ (Very Positive) with a status of —.
- YG Entertainment: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- GS Home Shopping: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Shinsegae: Scored as ★★★☆☆ (Positive) with a status of —.
- Paradise: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
Consumer Staples:
- KT&G: Scored as ★★★★★ (Very Positive) with a status of Extremely Overbought.
- AmoreG: Scored as ★★★☆☆ (Positive) with a status of —.
Financials:
- KB Financial Group: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Samsung Fire & Marine: Scored as ★★★☆☆ (Positive) with a status of Oversold.
- Shinhan Financial Group: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
- Mirae Asset Securities: Scored as ★★☆☆☆ (Neutral) with a status of —.
IT:
- Samsung Electronics: Scored as ★★★☆☆ (Positive) with a status of Overbought.
- SK Materials: Scored as ★★★★★ (Very Positive) with a status of —.
- Naver: Scored as ★★★★★ (Very Positive) with a status of —.
Telecom Services:
- SK Telecom: Scored as ★☆☆☆☆ (Very Negative) with a status of —.
Utilities:
- Kogas: Scored as ★★☆☆☆ (Positive) with a status of —.

Scoring Notes

Score Interpretation:
- ★★★★★: Very Positive
- ★★★★☆: Positive
- ★★★☆☆: Neutral
- ★★☆☆☆: Negative
- ★☆☆☆☆: Very Negative
Status Interpretation:
- Extremely Oversold: 5%
- Oversold: 10%
- Neutral: 70%
- Overbought: 10%
- Extremely Overbought: 5%
Disparity:
- Extremely Oversold: Disparity < -1.65×SD
- Oversold: -1.65×SD < Disparity < -1.04×SD
- Neutral: -1.04×SD < Disparity < +1.04×SD
- Overbought: +1.04×SD < Disparity < +1.65×SD
- Extremely Overbought: Disparity > +1.65×SD

Compliance and Disclaimers

The report is based on technical analysis and may differ from sector-based analysts' views.
It is not intended as investment advice and not tailored to individual clients.
No guarantees of accuracy or completeness.
Not an offer or solicitation to buy or sell any securities.
Copyright belongs to Samsung Securities, and distribution is restricted without prior permission.