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.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology</li>
<li>Portfolio changes: Three stocks remain, 11 new join the fray</li>
<li>Since inception, the portfolio has gained 195% versus MSCI ASEAN’s 27%</li>
</ul>


We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology
Portfolio changes: Three stocks remain, 11 new join the fray
Since inception, the portfolio has gained 195% versus MSCI ASEAN’s 27%


<ul>
<li>We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology</li>
<li>Portfolio changes: Five stocks remain, nine new join the fray</li>
<li>Since inception, the portfolio has gained 170% versus MSCI ASEAN’s 23%</li>
</ul>


We highlight 14 stocks in Thailand that look interesting to us based upon our FVMR Methodology
Portfolio changes: Five stocks remain, nine new join the fray
Since inception, the portfolio has gained 170% versus MSCI ASEAN’s 23%


Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

Astro Malaysia Holdings / Equity Bottom-Up

<p>Astro's high-frequency operational data still looks very positive with a high TV viewership share (72%), 3.2 hours average time spent/day that is ahead of 2.16 hours of the FTA, increased MAU by 17% YoY, on-demand shows streamed has tripled to MYR 233 million. </p>
<p>The big announcement is that Astro subscribers can soon access <a href="https://www.smartkarma.com/entities/netflix-inc" target="_blank" data-smartkarma-citation="entities:20451:1" rel="noopener">Netflix Inc (NFLX US)</a> through its Ultra and Ulti boxes which means investors should not worry that Astro subscribers will be reduced because they want to move to Netflix. Although it is more of a defensive strategy, there is a potential for a small upside as some existing Netflix subscribers in Malaysia may want to subscribe to Astro as they get bangs for their bucks. </p>
<p>Post 50% share price increase, the company is still trading below its pre-COVID-19 level although the business climate has been stable and Netflix is not exactly a competitor to be feared anymore as it has become Astro's allies in Malaysia. The company also generates just shy of 20% FCF yield. There is no reason not to like <a href="https://www.smartkarma.com/entities/astro-malaysia-holdings-bhd" target="_blank" data-smartkarma-citation="entities:1143:1" rel="noopener">Astro Malaysia Holdings (ASTRO MK)</a>. </p>

Astro's high-frequency operational data still looks very positive with a high TV viewership share (72%), 3.2 hours average time spent/day that is ahead of 2.16 hours of the FTA, increased MAU by 17% YoY, on-demand shows streamed has tripled to MYR 233 million. 
The big announcement is that Astro subscribers can soon access Netflix Inc (NFLX US) through its Ultra and Ulti boxes which means investors should not worry that Astro subscribers will be reduced because they want to move to Netflix. Although it is more of a defensive strategy, there is a potential for a small upside as some existing Netflix subscribers in Malaysia may want to subscribe to Astro as they get bangs for their bucks. 
Post 50% share price increase, the company is still trading below its pre-COVID-19 level although the business climate has been stable and Netflix is not exactly a competitor to be feared anymore as it has become Astro's allies in Malaysia. The company also generates just shy of 20% FCF yield. There is no reason not to like Astro Malaysia Holdings (ASTRO MK). 

Astro (ASTRO): Netflix Is Included Soon and High FCF Yield.

<p>We highlight 14 stocks in ASEAN that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the ASEAN markets to try to find interesting ideas based on Fundamentals or Valuation or Momentum or Risk or some combination thereof.</p>

We highlight 14 stocks in ASEAN that look interesting to us based upon our FVMR Methodology. Our research team constantly reviews the ASEAN markets to try to find interesting ideas based on Fundamentals or Valuation or Momentum or Risk or some combination thereof.

<h2>Background</h2><p>Xurpas' share price has been battered down for the past 2 years since the IPO. The market was concern about the earnings and business direction of the company. Past IPO, Xurpas went on to buy a couple of companies that include Singapore-based mobile marketer Art of Click for SGD 45 million. </p><table class="table table-striped"><tbody>
<tr>
<td style="text-align: left; width: 159px;">Ticker</td>
<td style="text-align: right; width: 147.5px;">PSE:X</td>
</tr>
<tr>
<td style="text-align: left; width: 159px;">Company Name</td>
<td style="text-align: right; width: 147.5px;"> Xurpas Inc. </td>
</tr>
<tr>
<td style="text-align: left; width: 159px;">Market Cap USD million</td>
<td style="text-align: right; width: 147.5px;">                                     101.92</td>
</tr>
<tr>
<td style="text-align: left; width: 159px;">Free float (%)</td>
<td style="text-align: right; width: 147.5px;">                                                25.59</td>
</tr>
<tr>
<td style="text-align: left; width: 159px;">ROE (%)</td>
<td style="text-align: right; width: 147.5px;">    </td>
</tr>
</tbody></table>…

BackgroundXurpas' share price has been battered down for the past 2 years since the IPO. The market was concern about the earnings and business direction of the company. Past IPO, Xurpas went on to buy a couple of companies that include Singapore-based mobile marketer Art of Click for SGD 45 million. 

Ticker
PSE:X


Company Name
 Xurpas Inc. 


Market Cap USD million
                                     101.92


Free float (%)
                                                25.59


ROE (%)
    

…

Xurpas (X): Internet Access for Emerging Market

Philippines

GMA Network, Inc., together with its subsidiaries, primarily engages in radio and television broadcasting, recording, film production, and other information and entertainment activities in the Philippines and internationally. It operates through three segments: Television and Radio, International Subscription, and Other Businesses. The company is also involved in the production of television (TV) programs; music recording, publishing, and video distribution; design, construction, and maintenance of sets for TV, stage plays, and concerts; events management; sales implementation; and provision of film syndication, transportation and manpower, pre-and post-production, and traffic and monitoring services, as well as marketing and sale arm of airtime. In addition, it engages in the crafting, planning, and handling advertising and other forms of promotions, including multi-media productions. Further, the company is involved in converging technology projects in various platforms, such as Web, mobile, digital television, and others. It operates through a network of 47 VHF and 32 UHF TV stations; and 25 radio stations. GMA Network, Inc. was founded in 1950 and is based in Quezon City, the Philippines.

GMA Network Inc (GMA7 PM)

The Stocks to Own in ASEAN – Vol. 38

We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR Methodology. Portfolio changes: Three stocks remain, and 11 new join...

A. Stotz Investment Research

The Stocks to Own in ASEAN – Vol. 37

Our research team constantly reviews the ASEAN markets to try to find interesting ideas based on Fundamentals or Valuation or Momentum or Risk or...

A. Stotz Investment Research

Astro (ASTRO): Netflix Is Included Soon and High FCF Yield.

After 50% increase, Astro is still trading below its pre-COVID-19 level although the business climate has been stable and Netflix has become...

Henry Soediarko

The Stocks to Own in ASEAN – Vol. 36

Our research team constantly reviews the ASEAN markets to try to find interesting ideas based on Fundamentals or Valuation or Momentum or Risk or...

A. Stotz Investment Research

Xurpas (X): Internet Access for Emerging Market

BackgroundXurpas' share price has been battered down for the past 2 years since the IPO. The market was concern about the earnings and business...

Henry Soediarko