Posts by Andrew Stotz
Cyclicals: Materials and Energy on the Rise
Chart of the Day: Revenue recovery could have at least another year to go. This should increase demand for goods, this increased demand should drive up price of oil and materials.
Read MoreGlobal Revenue Recovery Has Just Started
Chart of the Day: More than 16,000 non-financial companies worldwide show a strong revenue uptrend. This trend could continue, which would be positive for equity in 2018.
Read MoreGlobal Fundamentals Can Remain Strong
Chart of the Day: Based on our bottom-up aggregation of 16,200 non-financial companies across every market in the World. Companies have been slow to expand their assets, unlike in prior stock market boom times.
Read MoreChina Performed Best in Asia in 2017
Chart of the Day: China H performed the best in 2017, up 51% in USD terms. Many Asian markets saw higher USD returns as the US Dollar weakened. Relatively low return in Malaysia, however, the ringgit recovered and USD return was above 20%.
Read MoreMost Thai Banks Have NPL-to-Net Loans above the Global Average
Chart of the Day: Four large Thai banks: KTB, BBL, KBANK, and SCB all have an NPL-to-net loans ratio above the world. BBL is likely able to absorb those more easily.
Read MoreInfo Tech Leads Asian Earnings Growth
Chart of the Day: Info Tech is expected to grow the fastest in Asia, might be harder for US Tech giants to grow at 50%. Real Estate and Consumer Discretionary are contracting in the US but not in Asia.
Read MoreUS Trades at a 40% Premium to Asia Ex Japan, but EPS Growth Is Less Than Half
Chart of the Day: In 2015, US traded at 1.4x the Asia ex Japan PE, it narrowed to 1.25x in 2016, and then back to 1.4x in 2017. Analysts expect this 40% PE premium for US to persist in 2018-2019, do YOU?
Read MoreChina Market Is Full of Large and Liquid Stocks
Chart of the Day: A review of the top 900 largest and most liquid companies in China. Even the group with zero coverage has an average USD2bn market cap and USD26m ADTO.
Read MoreKorea Offers the Most ROE for the PB You Pay
Chart of the Day: India is most expensive on PB in Asia, followed by Indonesia. However, Indonesia has higher ROE. Taiwan trades below the World PB but its ROE is slightly above.
Read MoreFinancials Haven’t Added to Return in Asia over the past 10 Years
Chart of the Day: We separated financial companies from non-financial companies in Asia ex Japan. Return has been pretty much the same. Volatility was slightly higher for Financials, and it was highly correlated.
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