Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make...

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Running With Global Leaders 2012 Dr Jackson Wong Investors Intelligence Stockcube Research Dec 2012 1 / 292

Transcript of Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make...

Page 1: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Running With Global Leaders 2012

Dr Jackson Wong

Investors IntelligenceStockcube Research

Dec 2012

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Page 2: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Outline Of This Presentation

1 Summary

2 Themes

3 Stock Charts

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Page 3: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Summary

This report is a compilation of the various leading stocks around the world since 2009.(The 2010 report can be obtained here; 2011 here.) This year, I observe the following:

Emerging Markets Dominate

Emerging markets are continuing to produce more stock leaders

Emerging consumer-focussed sectors (Food, Beverage, Retail, Auto, etc) arebooming, possibly due to the strong wage growth and an expanding middle class

Emerging Banks are continuing to make new price highs. Particularly impressive areAsean financials. This shows their financial systems are stable and growing

Developed Industrials are doing reasonably well, especially Chemicals

The Healthcare sector has produced a few strong stocks across the world. Risingincome levels, an ageing population, and increasing health awareness are some ofdrivers behind this sector

Emerging Telcos are doing well and are outperforming developed ones.

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Page 4: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

What Have Changed Since 2011?

1. Energy Fading

The Energy sector had lost upward momentum over the past 18 months. Very fewenergy stocks are outperforming the market right now

Exploration stocks are struggling - e.g., Cairn Energy and Premier Oil

Many Energy Services stocks are encountering strong headwinds - e.g., Saipem

The Coal sector has generally regressed to its 2010 levels - e.g., Yanzhou Coal(Above stocks were flagged as leaders last year.)

The red-colored stock names link readers to the stock charts.

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Page 5: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

2. Mining Sectors No Longer Lead

Base Metals, Speciality, & Precious Metals Miners Ceded Leadership

Many miners are trading significantly beneath their 2010/2011 highs.

One example is the Rare Earth sector. Nearly all the rare earth stocks have crashedto their 2010/2009 lows - e.g., Molycorp and Lynas.

Gold Miners, including majors like Newmont, Eldorado, Barrick Gold, and Goldcorp,have not made new price highs for some time, thus underperforming gold prices.

Silver Miners are also struggling to extend their long-term uptrends - e.g., PanAmerican Silver, First Majestic, Silver Wheaton.

Platinum Miners have seen their share prices plunged to multi-year lows - e.g.,AngloPlat and Lonmin.

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Page 6: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

3. Technology Shifting Fast

Many Tech Leaders Capitulated

Netflix and High Tech Computer were former leaders that saw their uptrendsreversed in 2012. Meanwhile, Baidu is developing a classic top formation.

Given this ever-shifting landscape, I am unsure if the current leaders can maintaintheir uptrends. Many are technically overbought and are reverting to their long-termmeans - e.g., Apple.

4. Health Sector Is Changing Fast Too

Many former leaders reversed their long-term uptrends, such as Herbalife.

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Page 7: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

5. Korean Stocks Failed To Extend 2011 Bull Trends

Many Former Leaders In Retreat

Kia Motors, Cheil Industries, Samsung Engineering, and Hyundai Mobis, S-Oil Corphave regressed significantly from their 2011 highs.

In last year’s report, I flagged that Korean stocks had the lowest dividend yields inthe region and were dangerous to chase. Indeed. The market traded sideways sinceJune-2011. But after a pullback, I would not rule out a rebound in this market.Watch for an upside breakout in the Kospi.

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Page 8: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Outlook For 2013

Downside Risk For Leading Stocks Is Expanding. Why?

Many leading stocks are accelerating upwards. Recall that a massive priceacceleration is a good technical sign that the trend is near an inflection point.

The length of the current rally is more than three years old. I guess we are alreadymore than half-way through the cyclical rally.

The price-earning ratios of many leading stocks are high and the dividend yieldsare low. This suggests that the reward for buying these leaders now does notsufficiently compensate for the risk.

While the story of emerging markets is attractive, I suspect much of this favourableoutlook is already priced in. Any negative factor - such as rising rates - can puncturethe theme.

Therefore, many current stock leaders may develop major turning points in 2013 andtrade at lower prices levels in 12-18 months time.

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Page 9: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Buying Opportunities For 2013?

Base Breakouts

If there is one thing I learned from writing these reports, it is this: Buying long-termbase breakouts is one of the best technical strategies. In this vein, I notice two majorsectors doing exactly this.

One is the Japanese Real Estate. Check out the long-term breakout in the TopixReal Estate Index. The Topix Second Section is also gearing for a breakout; whilethe Topic Banks Index is supporting the rally in the property sector.

The other one is Chinese Property. The Shanghai Property Index sector isreversing its downtrend and vastly outperforming the market. Many Chinese banksare breaking out - e.g., Mingsheng HK

Interestingly, some Asean property sectors are breaking out too. Look at Thailand’sSET Property Index. A stable financial system, good economic growth, and risingincome levels are essential ingredients for a property boom in the region.

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Page 10: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Filters To Identify Leaders

Technical Filters

Stocks making new all-time highs

Stocks trading significantly above prior cycle highs

Outperforming the market

Note: Making 52-week/all-time high alone is not a sufficient condition to be labelled asa ‘leader’. The stock has got to trade at a fair distance above prior cycle highs as we aremore than three years into the cyclical bull. Below you will see how far the leading stockshave advanced above their previous highs.Universe: Same as before (see previous reports).

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Page 11: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Sector Themes

Major

1 RetailEmerging Market (EM)Developed Market (DM)

2 Food, Beverages & Restaurants

3 Consumer Products

4 Health

5 Emerging Financials & Property

6 Diversified

7 Developed Industrials

8 Technology, Media, & Telco

Minor

1 Transport & Utilities

2 Mining & Energy

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Page 12: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM)

Stock M.Cap.(b) P/E Yield (%) ChartShoprite Holdings (SHP SJ) TOP CHART! 117.4 33.9 1.47 Click ChartWoolworths Holdings (WHL SJ) 53.7 26.7 2.78 Click ChartMr Price (MPC SJ) 37.6 24.6 2.52 Click ChartFamous Brand (FBR SJ) 6.94 23.4 3.21 Click ChartTruworths Intl. (TRU SJ) 50.2 20.6 3.00 Click ChartMassmart Holdings (MSM SJ) 41.7 34.1 2.07 Click ChartFoschino (TFG SJ) 33.9 16.7 3.55 Click ChartWal-Mart de Mexico (WALMEXV MM) 750.2 32.4 1.04 Click ChartLojas Renner SA (LREN3 BZ 9.9 30.0 1.80 Click ChartSiam Makro (MAKRO TB) 107.0 34.9 2.41 Click ChartCP ALL PCL (CPALL TB) 413.2 42.0 1.36 Click ChartSM Investments Corp (SM PM) 549.5 23.3 1.18 Click Chart

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Page 13: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM)

Stock M.Cap.(b) P/E Yield (%) ChartCie Financiere Richemont (CFR SJ) 381.8 - 0.71 Click ChartCostco Wholesale (COST US) 42.2 23.5 1.13 Click ChartVF Corp (VF US) 16.3 16.7 2.35 Click ChartTJX Cos Inc (TJX US) 30.4 17.7 1.11 Click ChartRoss Stores Inc (ROST US) 11.8 16.1 1.05 Click ChartDollar Tree (DLTR US) 9.0 17.1 - Click ChartDillard’s Inc (DDS US) 3.8 14.2 0.25 Click ChartFamily Dollar Stores (FDO US) 7.2 17.2 1.34 Click ChartPetSmart Inc (PETM US) 7.3 21.0 0.98 Click ChartSuper Retail Group (SUL AU) 1.9 19.5 4.63 Click ChartInditex SA (ITX SM) 65.0 28.5 1.53 Click ChartNext Plc (NXT LN) 6.0 13.5 2.80 Click ChartFast Retailing (9983 JP) 2,317 31.0 1.28 Click Chart

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Page 14: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM & DM)

Stock M.Cap.(B) P/E Yield(%) ChartTiger Brands (TBS SJ) 62.5 19.4 2.60 Click ChartM Dias Branco SA (MDIA3 BZ) 8.9 19.7 - Click ChartBrasil Foods SA (BRSF3 BZ) 36.8 98.6 - Click ChartThai Union Frozen (TUF TB) 82.6 13.4 2.38 Click ChartCharoen Pokphand (CPF TB) 261.3 11.2 3.56 Click ChartUniversal Robina (URC PM) 182.9 30.1 1.79 Click ChartJG Summit Holdings (JGS PM) 268.4 11.7 0.41 Click ChartNestle India (NEST IN) 478.7 56.2 0.98 Click ChartAlicorp SA (ALICORC1 PE) 6.9 24.3 2.32 Click ChartWant Want China (151 HK) 137.8 36.7 1.68 Click ChartDiary Farm Intl (DFI SP) 14.8 29.3 1.97 Click ChartUni-President Enterprises (1216 TT) 259.2 22.2 1.75 Click ChartOrion Corp (001800 KS) 6,557 58.1 0.27 Click ChartDongwon Industries (006040 KS) 960.2 14.04 1.05 Click ChartSilla Ltd (004970 KS 381.6 12.8 0.84 Click ChartABF PLC (ABF LN) 12.5 22.3 2.01 Click ChartKerry Group (KYG ID) 7.0 21.5 0.83 Click ChartMcCormick & Co (MKC US) 8.3 21.1 2.17 Click ChartHormel Foods (HRL US) 8.1 16.5 2.22 Click ChartJM Smucker (SJM US) 9.3 17.3 2.44 Click ChartSuedzucker (SZU GR) 6.3 9.33 2.26 Click Chart

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Page 15: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages

Stock M.Cap.(b) P/E Yield (%) ChartBrown-Forman (BF/B US) 13.2 23.0 1.64 Click ChartDiageo (DGE LN) 45.1 7.8 3.57 Click ChartCia Cervecerias Unidas (CCU US) 5.0 - 1.69 Click ChartCia de Bebidas (AMBV4 BZ) 264.4 21.2 3.12 Click ChartGrupo Modelo SAB (GMODELOC MM) 378.1 33.0 3.73 Click ChartFomento E. Mexicano (FEMSAUBD MM) 422.6 28.6 1.42 Click ChartCoca-Cola Icecek (CCOLA TK) 9.4 24.8 0.64 Click ChartSAB Miller (SAB SJ) 625.9 16.6 2.20 Click ChartVitasoy Intl (345 HK) 8.1 26.7 2.30 Click ChartCarlsberg Brewery M’sia (CAM MK) 3.9 20.5 5.59 Click ChartTata Global Beverages (TGBL IN) 99.2 27.9 1.34 Click ChartFraser & Neave (FNN SP) 13.9 16.4 2.48 Click Chart

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Page 16: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Restaurant Chains

Stock M.Cap.(b) P/E Yield (%) ChartMcDonald’s (MCD US) 87.9 16.5 3.52 Click ChartYUM!Brands (YUM US) 29.24 20.4 2.07 Click ChartStarbucks (SBUX US) 39.1 29.4 1.60 Click ChartJollibee Foods (JFC PM) 106.6 28.9 1.22 Click Chart

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Page 17: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care & Household Goods

Stock M.Cap.(b) P/E Yield (%) ChartColgate-Palmolive India (CLGT IN) 209.6 48.3 1.75 Click ChartHindustan Unilever (HUVR IN) 1,128 40.4 1.63 Click ChartUnicharm Corp (8113 JP) 930 29.3 0.76 Click ChartEssilor Intl (EI FP) 16.1 28.6 1.13 Click ChartEcolab (ECL US) 20.7 25.8 1.30 Click ChartEstee Lauder (EL US) 22.5 24.3 1.24 Click ChartLG Household & H.Care (051900 KS) 10,261 36.9 0.53 Click ChartGodrej Consumer (GCPL IN) 245.2 32.2 0.66 Click ChartBritish American Tobacco (BATS LN) 60.0 19.2 4.67 Click Chart

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Page 18: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health

Stock M.Cap.(b) P/E Yield (%) ChartMediclinic Intl (MDC SJ) 45.1 21.7 1.40 Click ChartNetcare (NTC SJ) 28.9 20.7 2.84 Click ChartBangkok Dusit Medical (BGH) TB) 175.4 23.5 0.97 Click ChartSun Pharm. Industries (SUNP IN) 764.6 29.6 0.57 Click ChartLupin (LPN IN) 274.5 31.5 0.52 Click ChartTempo Scan Pacific (TSPC IJ) 16,762 27.4 2.01 Click ChartKPJ Healthcare (KPJ MK) 3.7 23.6 2.1 Click ChartTianjin Tasly (600535 CH) 28.4 40.0 1.27 Click ChartRaffles Medical (RFMD SP) 1.4 26.9 1.53 Click ChartNovo Nordisk (NOVOB DC) 513.2 24.8 1.53 Click ChartFresenius Medical Care (FME GR) 16.0 16.9 1.32 Click ChartElekta AB (EKTAB SS) 38.8 31.8 1.23 Click ChartGilead Sciences (GILD US) 54.8 21.4 - Click ChartAmerisource Bergen (ABC US) 10.1 20.0 1.96 Click ChartBiogen Idec (BIIB US) 34.6 25.0 - Click ChartPerrigo (PRGO US) 9.6 20.2 0.35 Click ChartRyman Healthcare (RYM NZ) 2.3 17.2 2.02 Click ChartCSL Ltd (CSL AU) 27.1 28.7 1.53 Click ChartRamsay Health Care (RHC AU) 5.6 24.4 3.11 Click ChartSysmex Corp (6869 JP) 409 32.5 0.86 Click Chart

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Page 19: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified Conglomerates

Stock M.Cap.(b) P/E Yield (%) ChartImperial Holdings (IPL SJ) 41.7 12.7 3.42 Click ChartAVI Ltd (AVI SJ) 20.5 18.6 3.40 Click ChartBidvest (BVT SJ) 71.8 14.9 2.84 Click ChartRemgro (REM SJ) 82.2 16.0 1.97 Click ChartKOC Holdings (KCHOL TK) 24.1 11.05 1.27 Click ChartAboitiz Equity Ventures (AEV PM) 292.4 12.6 2.98 Click ChartITC Ltd (ITC IN) 2,280 35.9 1.56 Click ChartAstra Intl (ASII IJ) 307,675 16.2 1.74 Click ChartGlobal MediaCom (BMTR IJ) 32,533 30.7 0.58 Click ChartSiam Cement (SCC TB) 528 25.6 2.61 Click ChartJardine Matheson (JM SP) 42.7 11.4 2.00 Click ChartJardine Strategic (JS SP) 41.0 9.97 0.63 Click ChartGrana y Montero (GRAMONC1 PE) 5.4 21.3 1.61 Click Chart

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Page 20: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials

Stock M.Cap.(b) P/E Yield (%) ChartAmetek (AME US) 9.0 20.4 0.65 Click ChartRoper Industries (ROP US) 10.8 23.1 0.61 Click ChartRolls-Royce Group (RR/ LN) 16.5 13.6 1.72 Click ChartSpectris Plc (SXS LN) 2.4 18.1 2.13 Click ChartHalma (HLMA LN) 1.7 17.9 2.43 Click ChartBureau Veritas (BVI FP) 9.3 30.2 1.51 Click ChartAndritz (ANDR AV) 5.0 20.2 2.26 Click ChartKone OYJ (KNEBV FH) 14.5 21.7 2.51 Click ChartWartsila OYJ (WRT1V FH) 6.5 21.3 2.75 Click ChartZodiac Aerospace (ZC FP) 4.7 14.6 1.69 Click ChartAtlas Copco AB (ATCOA SS) 211.4 15.6 2.80 Click ChartAssa Abhoy (ASSAB SS) 90.1 23.1 1.85 Click ChartSchindler AG (SCHN SW) 15.5 26.4 1.54 Click ChartAurubis AG (NDA GR) 2.4 6.7 2.51 Click ChartWW Grainger (GWW US) 13.8 19.6 1.61 Click ChartFastenal (FAST US) 13.7 33.2 1.82 Click ChartDMCI Holdings (DMC PM) 143.3 13.7 2.22 Click ChartNampak (NPK SJ) 21.9 15.6 4.12 Click ChartLafarge Malayan Cement (LMC MK) 8.0 22.2 3.61 Click ChartHolcim Indonesia (SMCB IJ) 22,222 18.01 1.10 Click ChartUltratech Cement (UTCEM IN) 540.6 22.5 0.41 Click Chart

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Page 21: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemical

Stock M.Cap.(b) P/E Yield (%) ChartChurch & Dwight (CHD US) 7.5 23.0 1.80 Click ChartValspar (VAL US) 5.5 18.6 1.50 Click ChartSherwin-Williams (SHW (US) 15.6 24.1 1.03 Click ChartEastman Chemical (EMN US) 10.1 13.3 1.82 Click ChartPPG Industries (PPG US) 20.3 16.7 1.78 Click ChartAirgas Inc (ARG US) 7.1 21.3 1.76 Click ChartFMC Corp (FMC US) 7.9 17.0 0.94 Click ChartLinde AG (LIN GR) 24.4 18.8 1.89 Click ChartCroda Intl (CRDA LN) 3.3 23.3 2.68 Click ChartFiltrona (FLTR LN) 1.16 26.4 2.24 Click ChartAsian Paints (APNT IN) 421.5 42.6 0.91 Click Chart

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Page 22: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials

Stock M.Cap.(b) P/E Yield (%) ChartFirstRand (FSR SJ) 174.5 13.4 3.3 Click ChartCoronation Fund Managers (CML SJ) 12.8 18.7 5.06 Click ChartSanlam (SLM SJ) 95.1 16.7 2.87 Click ChartDiscovery Holdings (DSY SJ) 34.5 16.2 1.67 Click ChartCapitec Bank (CPI SJ) 22.2 15.1 2.37 Click ChartOceana Group (OCE SJ) 8.5 15.6 4.24 Click ChartLiberty Holdings (LBH SJ) 32.1 9.4 3.69 Click ChartPSG Group (PSG SJ) 12.7 14.1 1.5 Click ChartKasikornbank (KBANK TB) 463.1 15.1 1.29 Click ChartBank of the Philippines (BPI PM) 337.9 20.5 1.89 Click ChartHDFC Bank (HDFCB IN) 1,604 30.2 0.63 Click ChartBank Central Asia (BBCA IJ) 224,360 19.36 1.25 Click ChartBank Rakyat Indonesia (BBRI IJ) 171,450 9.35 3.52 Click ChartBank Mandiri (BMRI IJ) 189,000 13.3 1.30 Click ChartPublic Bank (PBK MK) 57.6 15.2 2.94 Click ChartHong Leong Bank (HLBK MK) 27.8 14.2 2.57 Click ChartAeon Credit Service (ACSM MK) 1.7 13.9 2.49 Click ChartCreditCorp (BAP PE) 11,6 - 1.58 Click ChartRayonier Inc (RYN US) 6.3 24.7 3.46 Click ChartHannover Rueck. AG (HNR1 GR) 7.11 7.8 3.57 Click ChartLink REIT (823 HK) 88.5 6.58 3.55 Click Chart

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Page 23: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Property

Stock M.Cap.(b) P/E Yield (%) ChartCentral Pattana (CPN TB) 178.1 30.8 0.45 Click ChartAyala Land (ALI PM) 363.7 41.1 0.79 Click ChartKLCC Holdings (KLCC MK) 5.9 3.8 2.54 Click ChartCanadian Real Estate Trust (REF-U CN) 3.0 41.7 3.43 Click Chart

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Page 24: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services

Stock M.Cap.(b) P/E Yield (%) ChartWhitbread (TWB LN) 4.4 15.4 2.41 Click ChartIntertek (ITRK (LN) 5.03 29.8 1.28 Click ChartBabcock Intl (BAB LN) 3.5 20.6 2.66 Click ChartAshtead Group (AHT LN) 2.1 19.8 1.05 Click ChartRightmove (RMV LN) 1.5 27.8 1.53 Click ChartAlliance Data Systems (ADS US) 7.2 22.3 - Click ChartExpedia (EXPE US) 8.1 16.5 2.22 Click ChartGalaxy Enter. Group (27 HK) 128.3 20.9 - Click Chart

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Page 25: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology & Media

Stock M.Cap.(b) P/E Yield (%) ChartApple (AAPL US) 479.4 11.5 2.08 Click ChartIBM (IBM US) 215.0 13.0 1.79 Click ChartAmazon.com (AMZN (US) 111.1 462.6 - Click ChartIntuit (INTU US) 17.6 23.4 1.15 Click ChartRackspace Hosting (RAX US) 9.9 99.6 - Click ChartARM Holdings (ARM LN) 10.6 74.0 0.54 Click ChartGemalto (GTO FP) 6.0 32.4 0.46 Click ChartSamsung Elec. (005930 KS) 224,189 11.0 0.36 Click ChartXero Ltd (XRO NZ) 0.89 - - Click ChartNaspers (NPN SJ) 225.6 37.9 0.62 Click ChartTencent Holdings (700 HK) 463.0 31.1 0.30 Click ChartAveva Plc (AVV LN) 1.5 35.3 1.1 Click Chart

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Page 26: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco

Stock M.Cap.(b) P/E Yield (%) ChartDigi.com (DIGI MK) 41.1 30.4 4.22 Click ChartTelekom M’sia (T MK) 21.3 14.2 3.29 Click ChartAdvance Info Service (ADVANC TB) 621.4 15.1 1.29 Click ChartTotal Acces Comm. (DTAC TB) 209.0 18.9 1.28 Click ChartChunghwa Telecom (2412 TT) 733.1 17.9 5.78 Click ChartTaiwan Mobile (3045 TT) 366.0 19.8 4.82 Click ChartM2 Telecomm. (MTU AU) 0.66 16.2 6.0 Click Chart

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Page 27: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto

Stock M.Cap.(b) P/E Yield (%) ChartMetair Investments (MTA SJ) 4.9 11.7 2.24 Click ChartBajaj Auto (BJAUT IN) 618.5 20.3 2.11 Click ChartMahindra & Mahindra (MM IN) 567.7 17.3 1.35 Click ChartMRF (MRF IN) 53.8 9.3 0.2 Click ChartUMW Holdings (UMWH MK) 14.1 17.7 2.7 Click ChartFord Otomotiv Sanayi (FROTO TI) 7.5 11.9 6.05 Click ChartGreat Wall Motor (2333 HK) 83.0 14.5 1.54 Click ChartJardine C&C (JCNC SP) 17.2 12.9 3.19 Click ChartCheng Shing Rubber (2105 TT) 212.5 16.1 1.63 Click ChartAutozone (AZO US) 12.7 14.3 - Click ChartO’Reilly Automotive (ORLY US) 10.1 19.4 - Click ChartDaihatsu Motor (7262 JP) 730.8 8.3 3.16 Click Chart

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Page 28: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Transport & Utilities

Stock M.Cap.(b) P/E Yield (%) ChartUnion Pacific (UNP US) 58.1 15.4 2.23 Click ChartKoninklijke Vopak (VPK NA) 6.8 21.0 1.51 Click ChartCanadian Railway (CNR CN) 38.8 16.4 1.67 Click ChartMainfreight (MFT NZ) 1.2 14.8 3.06 Click ChartPort of Tauranga (POT NZ) 1.8 24.0 4.24 Click ChartWisconsin Energy (WEC US) 8.4 15.1 3.73 Click ChartCanadian Utilities (CU CN) 9.1 17.7 2.49 Click ChartHK & China Gas (3 HK) 184.7 26.2 1.55 Click ChartManila Water (MWC PM) 64.4 13.8 1.86 Click ChartGlow Energy (GLOW TB) 113.4 24.4 2.64 Click ChartElectricity Generating (EGCO TB) 79.5 7.6 3.64 Click Chart

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Page 29: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy & Mining

Stock M.Cap.(b) P/E Yield (%) ChartAssore (ASR SJ) 55.1 11.2 1.39 Click ChartIndustrias Penoles (PE&OLE MM) 253.7 29.1 2.51 Click ChartFranco Nevada (FNV CN) 8.3 46.9 1.27 Click ChartKlabin (KLBN4 BZ) 11.6 15.6 2.05 Click ChartPetronas Dagangan (PETD MK) 23.4 26.4 2.97 Click ChartIsramco Negev (ISRAL IT) 7.9 - - Click ChartDelek Energy System (DLEN IT) 8.4 - - Click ChartOneok (OKE US) 8.6 24.9 3.14 Click ChartInter Pipeline (IPL-U CN) 6.4 21.3 4.75 Click ChartEnbridge (ENB CN) 34.0 41.3 2.96 Click Chart

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Page 30: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail, Food, & Beverages Stock Charts

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Page 31: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Shoprite Holdings (SHP SJ)

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Page 32: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Woolworths Holdings Ltd/S. Africa (WHL SJ)

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32 / 292

Page 33: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Mr Price (MPC SJ)

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33 / 292

Page 34: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Famous Brands Ltd (FBR SJ)

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34 / 292

Page 35: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Truworths International Ltd (TRU SJ)

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35 / 292

Page 36: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Massmart Holdings Ltd (MSM SJ)

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36 / 292

Page 37: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Foschino Group Ltd (TFG SJ)

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37 / 292

Page 38: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Wal-Mart de Mexico SAB (WALMEXV MM)

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38 / 292

Page 39: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail: Lojas Renner SA (LREN3 BZ)

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39 / 292

Page 40: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): Siam Makro PCL (MAKRO TB)

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40 / 292

Page 41: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): CP ALL PCL (CPALL TB)

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41 / 292

Page 42: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (EM): SM Investments Corp (SM PM)

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42 / 292

Page 43: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Cie Financiere Richemont SA (CFR SJ)

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43 / 292

Page 44: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Costco Wholesale (COST US)

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44 / 292

Page 45: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): VF Corp (VF US)

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45 / 292

Page 46: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): TJX Cos Inc (TJX US)

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46 / 292

Page 47: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Dillard’s Inc (DDS US)

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47 / 292

Page 48: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Dollar Tree Inc (DLTR US)

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48 / 292

Page 49: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Ross Stores Inc (ROST US)

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49 / 292

Page 50: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Family Dollar Stores (FDO US)

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50 / 292

Page 51: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): PetSmart Inc (PETM US)

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51 / 292

Page 52: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Super Retail Group Ltd (SUL AU)

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52 / 292

Page 53: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Inditex SA (ITX SM)

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53 / 292

Page 54: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Next Plc (NXT LN)

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54 / 292

Page 55: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Retail (DM): Fast Retailing Co Ltd (9983 JP)

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55 / 292

Page 56: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food, Beverages & Restaurants Stock Charts

56 / 292

Page 57: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): Tiger Brands Ltd (TBS SJ)

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57 / 292

Page 58: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): M Dias Branco SA (MDIA3 BZ)

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58 / 292

Page 59: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): Brasil Foods SA (BRSF3 BZ)

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59 / 292

Page 60: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): Thai Union Frozen Products PCL (TUF TB)

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60 / 292

Page 61: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): Charoen Pokphand Foods PCL (CPF TB)

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61 / 292

Page 62: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): Universal Robina Corp (URC PM)

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62 / 292

Page 63: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): JG Summit Holdings Inc (JGS PM)

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63 / 292

Page 64: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): Nestle India Ltd (NEST IN)

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64 / 292

Page 65: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food: Alicorp SA (ALICORC1 PE)

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Previous Next65 / 292

Page 66: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (EM): Want Want China Holdings Ltd (151 HK)

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66 / 292

Page 67: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Dairy Farm International Ltd (DFI SP)

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67 / 292

Page 68: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Uni-President Enterprises Corp (1216 TT)

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68 / 292

Page 69: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Orion Corp (001800 KS)

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69 / 292

Page 70: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Dongwon Industries Co Ltd (006040 KS)

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Page 71: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Silla Co Ltd (004970 KS)

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71 / 292

Page 72: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Associated British Foods PLC (ABF LN)

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72 / 292

Page 73: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Kerry Group PLC (KYG ID)

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73 / 292

Page 74: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food: Glanbia Plc (GLB ID)

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74 / 292

Page 75: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): McCormick & Co Inc (MKC US)

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75 / 292

Page 76: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Hormel Foods (HRL US)

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76 / 292

Page 77: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): JM Smucker (SJM US)

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77 / 292

Page 78: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Food (DM): Suedzucker AG (SZU GR)

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78 / 292

Page 79: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (DM): Brown-Forman Corp (BF/B US)

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79 / 292

Page 80: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (DM): Diageo PLC (DGE LN)

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80 / 292

Page 81: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Cia Cervecerias Unidas (CCU US)

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81 / 292

Page 82: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Cia de Bebidas das Americas (AMBV4 BZ)

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82 / 292

Page 83: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Grupo Modelo SAB (GMODELOC MM)

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83 / 292

Page 84: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Fomento Economico Mexicano SAB (FEMSAUBD MM)

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Page 85: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Coca-Cola Icecek AS (CCOLA TK)

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85 / 292

Page 86: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): SABMiller PLC (SAB SJ)

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86 / 292

Page 87: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages: Fraser and Neave Ltd (FNN SP)

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87 / 292

Page 88: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Vitasoy International Ltd (345 HK)

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88 / 292

Page 89: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Carlsberg Brewery Malaysia Bhd (CAB MK)

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89 / 292

Page 90: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Beverages (EM): Tata Global Beverages Ltd (TGBL IN)

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90 / 292

Page 91: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Restaurant (DM): McDonald’s Corp (MCD US)

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91 / 292

Page 92: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Restaurants (DM): YUM! Brands Inc (YUM US)

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92 / 292

Page 93: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Restaurants (DM): Starbucks (SBUX US)

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93 / 292

Page 94: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Restaurants (EM): Jollibee Foods Corp (JFC PM)

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94 / 292

Page 95: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care, Household Goods, & Health Stock Charts

95 / 292

Page 96: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care: Colgate-Palmolive India Ltd (CLGT IN)

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96 / 292

Page 97: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care: Hindustan Unilever Ltd (HUVR IN)

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97 / 292

Page 98: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care: Unicharm Corp (8113 JP)

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98 / 292

Page 99: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care: Essilor International SA (EI FP)

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99 / 292

Page 100: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care: Ecolab (ECL US)

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100 / 292

Page 101: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care: Estee Lauder (EL US)

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101 / 292

Page 102: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Personal Care: LG Household & H. Care (051900 KS)

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102 / 292

Page 103: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Household Goods: Godrej Consumer Products Ltd (GCPL IN)

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103 / 292

Page 104: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Household Goods: British American Tobacco (BATS LN)

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104 / 292

Page 105: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Mediclinic International Ltd (MDC SJ)

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105 / 292

Page 106: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Netcare Ltd (NTC SJ)

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106 / 292

Page 107: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Bangkok Dusit Medical Services PCL (BGH TB)

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107 / 292

Page 108: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Sun Pharmaceutical Industries Ltd (SUNP IN)

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108 / 292

Page 109: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Lupin Ltd (LPC IN)

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109 / 292

Page 110: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Tempo Scan Pacific Tbk PT (TSPC IJ)

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110 / 292

Page 111: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: KPJ Healthcare Bhd (KPJ MK)

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111 / 292

Page 112: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Tasly Pharmaceutical (600535 CH)

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112 / 292

Page 113: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health (DM): Raffles Medical Group Ltd (RFMD SP)

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113 / 292

Page 114: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Novo Nordisk A/S (NOVOB DC)

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114 / 292

Page 115: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Fresenius Medical Care AG (FME GR)

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115 / 292

Page 116: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Elekta AB (EKTAB SS)

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116 / 292

Page 117: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Biogen Idec (BIIB US)

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117 / 292

Page 118: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Sysmex Corp (6869 JP)

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118 / 292

Page 119: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Perrigo Co (PRGO US)

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119 / 292

Page 120: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Ryman Healthcare Ltd (RYM NZ)

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120 / 292

Page 121: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Gilead Sciences (GILD US)

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121 / 292

Page 122: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Amerisource Bergen (ABC US)

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122 / 292

Page 123: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: CSL Ltd (CSL AU)

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123 / 292

Page 124: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Ramsay Health Care Ltd (RHC AU)

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124 / 292

Page 125: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified, Industrials, and Chemicals Stock Charts

125 / 292

Page 126: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): Imperial Holdings Ltd (IPL SJ)

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126 / 292

Page 127: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): AVI Ltd (AVI SJ)

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127 / 292

Page 128: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): Bidvest Group Ltd (BVT SJ)

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128 / 292

Page 129: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified(EM): Remgro Ltd (REM SJ)

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129 / 292

Page 130: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): KOC Holding AS (KCHOL TK)

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130 / 292

Page 131: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): Aboitiz Equity Ventures Inc (AEV PM)

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131 / 292

Page 132: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): ITC Ltd (ITC IN)

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132 / 292

Page 133: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): Astra International Tbk PT (ASII IJ)

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133 / 292

Page 134: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (EM): Global Mediacom Tbk PT (BMTR IJ)

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134 / 292

Page 135: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified: Siam Cement (SCC TB)

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135 / 292

Page 136: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (DM): Jardine Matheson Holdings Ltd (JM SP)

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136 / 292

Page 137: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified (DM): Jardine Strategic Holdings Ltd (JS SP)

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137 / 292

Page 138: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Diversified: Grana y Montero SAA (GRAMONC1 PE)

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Page 139: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Ametek (AME US)

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139 / 292

Page 140: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Roper Industries (ROP US)

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140 / 292

Page 141: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Rolls-Royce Group (RR/ LN )

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141 / 292

Page 142: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Spectris Plc (SXS LN)

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142 / 292

Page 143: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Assa Abloy (ASSAB SS)

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143 / 292

Page 144: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Halma PLC (HLMA IN)

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144 / 292

Page 145: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Bureau Veritas (BVI FP)

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145 / 292

Page 146: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Andritz AG (ANDR AV)

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Page 147: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Kone OYJ (KNEBV FH)

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147 / 292

Page 148: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Wartsila OYJ (WRT1V FH)

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148 / 292

Page 149: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Zodiac Aerospace (ZC FP)

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149 / 292

Page 150: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Atlas Copco AB (ATCOA SS)

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150 / 292

Page 151: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Schindler AG (SCHN SW)

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151 / 292

Page 152: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Aurubis AG (NDA GR)

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152 / 292

Page 153: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: DMCI Holdings Inc (DMC PM)

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153 / 292

Page 154: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Industrials: Nampak Ltd (NPK SJ)

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154 / 292

Page 155: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Construction: Lafarge Malayan Cement Bhd (LMC MK)

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155 / 292

Page 156: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Construction: Holcim Indonesia Tbk PT (SMCB IJ)

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156 / 292

Page 157: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Construction: Ultratech Cement Ltd (UTCEM IN)

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157 / 292

Page 158: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Wholesale: WW Grainger (GWW US)

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158 / 292

Page 159: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Wholesale: Fastenal Co (FAST US)

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159 / 292

Page 160: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Church & Dwight (CHD US)

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Page 161: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Valspar (VAL US)

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161 / 292

Page 162: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Sherwin-Williams (SHW US)

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162 / 292

Page 163: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Eastman Chemical Co (EMN US)

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163 / 292

Page 164: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: PPG Industries Inc (PPG US)

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164 / 292

Page 165: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Airgas Inc (ARG US)

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165 / 292

Page 166: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: FMC Corp (FMC US)

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166 / 292

Page 167: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemical: Linde (LIN AG)

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167 / 292

Page 168: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Croda International PLC (CRDA LN)

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168 / 292

Page 169: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Filtrona PLC (FLTR LN)

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169 / 292

Page 170: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Chemicals: Asian Paints Ltd (APNT IN)

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170 / 292

Page 171: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials, Property & Services Stock Charts

171 / 292

Page 172: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: FirstRand Ltd (FSR SJ)

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172 / 292

Page 173: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Coronation Fund Managers Ltd (CML SJ)

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173 / 292

Page 174: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Sanlam Ltd (SLM SJ)

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174 / 292

Page 175: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Discovery Holdings Ltd (DSY SJ)

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175 / 292

Page 176: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Capitec Bank Holdings Ltd (CPI SJ)

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176 / 292

Page 177: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Oceana Group Ltd (OCE SJ)

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177 / 292

Page 178: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Liberty Holdings Ltd (LBH SJ)

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178 / 292

Page 179: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: PSG Group Ltd (PSG SJ)

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179 / 292

Page 180: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Kasikornbank PCL (KBANK TB)

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180 / 292

Page 181: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Bank of the Philippine Islands (BPI PM)

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181 / 292

Page 182: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): HDFC Bank Ltd (HDFCB IN)

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182 / 292

Page 183: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): Bank Central Asia Tbk PT (BBCA IJ)

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183 / 292

Page 184: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): Bank Rakyat Indonesia Persero Tbk PT (BBRI IJ)

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184 / 292

Page 185: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): Bank Mandiri Persero Tbk PT (BMRI IJ)

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185 / 292

Page 186: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): Public Bank Bhd (PBK MK)

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186 / 292

Page 187: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): Hong Leong Bank Bhd (HLBK MK)

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187 / 292

Page 188: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): Aeon Credit Service M Bhd (ACSM MK)

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188 / 292

Page 189: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (EM): Credicorp Ltd (BAP PE)

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Page 190: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (DM): Rayonier Inc (RYN US)

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190 / 292

Page 191: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials (DM): Hannover Rueckversicherung AG (HNR1 GR)

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191 / 292

Page 192: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Financials: Link REIT (823 HK)

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192 / 292

Page 193: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Property: Central Pattana PCL (CPN TB)

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193 / 292

Page 194: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Property: Ayala Land Inc (ALI PM)

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194 / 292

Page 195: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Property: KLCC Holdings (KLCC MK)

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195 / 292

Page 196: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Property: Canadian Real Estate Trust (REF-U CN)

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196 / 292

Page 197: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services: Whitbread (WTB LN)

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197 / 292

Page 198: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services: Intertek (ITRK LN)

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198 / 292

Page 199: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services: Babcock International Group (BAB LN)

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199 / 292

Page 200: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services: Ashtead Group PLC (AHT LN)

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200 / 292

Page 201: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services: Rightmove (RMV LN)

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201 / 292

Page 202: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services: Alliance Data Systems (ADS US)

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202 / 292

Page 203: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Services: Expedia Inc (EXPE US)

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203 / 292

Page 204: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Gaming: Galaxy Entertainment Group (27 HK)

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204 / 292

Page 205: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology, Media, & Telco Stock Charts

205 / 292

Page 206: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): Apple Inc (AAPL US)

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206 / 292

Page 207: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): IBM (IBM US)

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207 / 292

Page 208: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): Amazon.com Inc (AMZN US)

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208 / 292

Page 209: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): Intuit Inc (INTU US)

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209 / 292

Page 210: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): Rackspace Hosting (RAX US)

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210 / 292

Page 211: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): ARM Holdings (ARM LN)

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211 / 292

Page 212: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): Gemalto NV (GTO FP)

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212 / 292

Page 213: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology (DM): Samsung Electronics Ltd (005930 KS)

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213 / 292

Page 214: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology: Xero Ltd (XRO NZ)

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214 / 292

Page 215: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Media: Naspers Ltd (NPN SJ)

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215 / 292

Page 216: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Media: Tencent Holdings (700 HK)

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216 / 292

Page 217: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology: Aveva Plc (AVV LN)

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217 / 292

Page 218: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco: DiGi.Com Bhd (DIGI MK)

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218 / 292

Page 219: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco: Telekom Malaysia Bhd (T MK)

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219 / 292

Page 220: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco: Advanced Info Service PCL (ADVANC TB)

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220 / 292

Page 221: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco: Total Access Communication PCL (DTAC TB)

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221 / 292

Page 222: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco: Chunghwa Telecom Co Ltd (2412 TT)

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222 / 292

Page 223: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco: Taiwan Mobile Co Ltd (3045 TT)

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223 / 292

Page 224: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Telco: M2 Telecommunications Group Ltd (MTU AU)

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224 / 292

Page 225: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Utilites & Transport Stock Charts

225 / 292

Page 226: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto, Transport & Utilities Stock Charts

226 / 292

Page 227: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Metair Investments Ltd (MTA SJ)

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227 / 292

Page 228: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Bajaj Auto Ltd (BJAUT IN)

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228 / 292

Page 229: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Mahindra & Mahindra Ltd (MM IN)

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229 / 292

Page 230: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: UMW Holdings Bhd (UMWH MK)

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230 / 292

Page 231: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Ford Otomotiv Sanayi AS (FROTO TI)

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231 / 292

Page 232: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Great Wall Motor Co Ltd (2333 HK)

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232 / 292

Page 233: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: MRF Ltd (MRF IN)

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233 / 292

Page 234: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Jardine Cycle & Carriage Ltd (JCNC SP)

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234 / 292

Page 235: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Cheng Shin Rubber Industry Co (2105 TT)

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235 / 292

Page 236: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Autozone (AZO US)

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236 / 292

Page 237: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: O’Reilly Automotive Inc (ORLY US)

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237 / 292

Page 238: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Auto: Daihatsu Motor (7262 JP)

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238 / 292

Page 239: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Transport: Union Pacific (UNP US)

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239 / 292

Page 240: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Transport: Koninklijke Vopak NV (VPK NA)

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240 / 292

Page 241: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Transport: Canadian National Railway (CNR CN)

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Page 242: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Transport: Mainfreight Ltd (MFT NZ)

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Page 243: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Port: Port of Tauranga Ltd (POT NZ)

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Page 244: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Utilities: Wisconsin Energy (WEC US)

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Page 245: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Utilities: Canadian Utilities (CU CN)

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Page 246: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Utilities: Hong Kong & China Gas Co Ltd (3 HK)

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Page 247: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Utilities: Manila Water Co Inc (MWC PM)

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Page 248: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Utilities: Glow Energy PCL (GLOW TB)

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Page 249: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Utilities: Electricity Generating PCL (EGCO TB)

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Page 250: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy & Mining Stock Charts

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Page 251: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Mining: Assore Ltd (ASR SJ)

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Page 252: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Mining: Industrias Penoles SAB (PE&OLE MM)

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Page 253: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Mining: Franco-Nevada Corp (FNV CN)

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Page 254: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Basic Materials (Paper): Klabin SA (KLBN4 BZ)

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Page 255: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy: Petronas Dagangan BHD (PETD MK)

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Page 256: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy: Isramco Negev 2 LP (ISRAL IT)

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Page 257: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy: Delek Energy Systems Ltd (DLEN IT)

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Page 258: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy: Oneok Inc (OKE US)

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Page 259: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy: Inter Pipeline Fund (IPL/U CN)

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Page 260: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy: Enbridge (ENB CN)

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Page 261: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Other Stock Charts

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Page 262: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Oil Exploration: Cairn Energy (CNE LN)

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Page 263: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Oil Exploration: Premier Oil (PMO LN)

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Page 264: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Energy Service: Saipem (SPM IM)

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Page 265: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Coal: Yan Zhou Coal (1171 HK)

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Page 266: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Rare earths: Molycorp (MCP US)

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Page 267: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Rare earths: Lynas (LYC AU)

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Page 268: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Gold miners: Goldcorp (GG US)

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Page 269: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Gold miners: Newmont Mining (NEM US)

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Page 270: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Gold Miners: Barrick Gold (ABX US)

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Page 271: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Gold Miners: Eldorado Gold (ELD CN)

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Page 272: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Silver Miner: Pan American Silver (PAAS US)

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Page 273: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Silver miner: First Majestic (FR CN)

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Page 274: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Silver Miner: Silver Wheaton (SLW CN)

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Page 275: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Platinum Miner: AngloPlat (AMS SJ)

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Page 276: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Platinum Miner: Lonmin (LMI LN)

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Page 277: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology: Netflix (NFLX US)

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Page 278: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology: High-Tech Computer (2498 TT)

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Page 279: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Technology: Baidu (BIDU US)

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Page 280: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Health: Herbalife (HLF US)

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Page 281: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Korea: Kia Motors (000270 KS)

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Page 282: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Korea: Cheil Industries (001300 KS)

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Page 283: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Korea: Samsung Engineering (028050 KS)

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Page 284: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Korea: Hyundai Mobis (012330 KS)

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Page 285: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Korea: S-Oil Corp (010950 KS)

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Page 286: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Korea: KOSPI Index (KOSPI Index)

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Page 287: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Japan: Topix Real Estate Index (TPREAL Index)

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Page 288: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Japan: Topix Second Section Index (TSE2 Index)

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Page 289: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Japan: Topix Banks Index (TPNBNK Index)

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Page 290: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

China: Shanghai Property Index (SHPROP Index)

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Page 291: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

HK Bank: Mingsheng Bank (1988 HK)

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Page 292: Dr Jackson Wong - Fuller Treacy Money · 2013. 10. 30. · Emerging Banks are continuing to make new price highs. Particularly impressive are ... su ciently compensate for the risk.

Asean Property: Thailand Property Index (SETPROP Index)

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