CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Equity Bottom-Up

V.L. Enterprise Public Company Limited is a Thailand-based marine shipping company specializing in the transportation of petroleum and chemical products both domestically and internationally. The company operates a fleet of tanker vessels to provide logistical cargo shipping services. It was founded in 1991 and is headquartered in Bangkok, Thailand.

<ul><li>The company is very good at generating consistently positive operating cash flow</li><li>Earnings quality is very high based on our analysis of net income relative to operating cash flow</li><li>The tightness of the operation is good based on the cash conversion cycle</li></ul>

The company is very good at generating consistently positive operating cash flowEarnings quality is very high based on our analysis of net income relative to operating cash flowThe tightness of the operation is good based on the cash conversion cycle

Roctec Global Public Company Limited is an ICT service provider specializing in communication systems, data network infrastructure, cybersecurity, and digital display solutions. The company offers a full spectrum of services, including consultation, design, supply, implementation, installation, and maintenance. Established in 1988, its headquarters are in Bangkok, Thailand.

<ul><li>The company is very good at generating consistently positive operating cash flow</li><li>Looking at the balance sheet, the company has very good access to capital to fund growth</li><li>The efficiency is very good when looking at the growth in sales relative to the growth in assets</li></ul>

The company is very good at generating consistently positive operating cash flowLooking at the balance sheet, the company has very good access to capital to fund growthThe efficiency is very good when looking at the growth in sales relative to the growth in assets

Seafresh Industry Public Company Limited manufactures and distributes frozen raw shrimp, processed shrimp, and other seafood products like squid, scallops, and salmon. The company offers products under brands such as Seafresh, Sea Angel, Phoenix, Thai Chia, and Go-Go, serving both domestic and international markets. It was founded in 1982 and is headquartered in Chumphon, Thailand.

<ul><li>The company is very good at generating consistently positive operating cash flow</li><li>The company has delivered strong sales growth, which is essential for long-term value creation</li><li>Earnings quality is very high based on our analysis of net income relative to operating cash flow</li></ul>

The company is very good at generating consistently positive operating cash flowThe company has delivered strong sales growth, which is essential for long-term value creationEarnings quality is very high based on our analysis of net income relative to operating cash flow

Kumwell Corporation Public Company Limited manufactures and distributes grounding systems, lightning protection systems, surge protection devices, and lightning detection and warning systems under the "Kumwell" brand. Its products serve sectors such as electricity, transportation, telecommunications, and industrial plants. The company was founded in 1999 and is headquartered in Nonthaburi, Thailand.

<ul><li>The company has delivered strong sales growth, which is essential for long-term value creation</li><li>The company is very good at generating consistently positive operating cash flow</li><li>The efficiency is very good when looking at the growth in sales relative to the growth in assets</li></ul>

The company has delivered strong sales growth, which is essential for long-term value creationThe company is very good at generating consistently positive operating cash flowThe efficiency is very good when looking at the growth in sales relative to the growth in assets

Advanced Information Technology / Equity Bottom-Up

Advanced Information Technology Public Company Limited provides integrated information and communication technology (ICT) services and solutions. The company specializes in designing, installing, and maintaining computer systems and communication networks, offering turnkey projects that include hardware, software, and network equipment. Headquartered in Bangkok, Thailand, the company was founded in 1992.

<ul><li>Its competitive strategy appears excellent based on the gross profit margin</li><li>The company is very good at generating consistently positive operating cash flow</li><li>Looking at the balance sheet, the company has very good access to capital to fund growth</li></ul>

Its competitive strategy appears excellent based on the gross profit marginThe company is very good at generating consistently positive operating cash flowLooking at the balance sheet, the company has very good access to capital to fund growth