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

<ul><li>Earnings on an upcycle trend, good cost management, and low price volatility versus the Thai market relative to its sector</li><li>The Polyplex group is the fifth largest manufacturer globally of polyester (plastic) film, a stable growth market thanks to high barriers to entry and ongoing demand for its use as food packaging</li><li>PTL should have a new ultra-efficient plant, with about 20% faster line speed, in Indonesia by 2019 to serve the growth Asian markets</li><li>The company has shown strong recovery in profitability and has a solid balance sheet which looks promising, with further revenue growth</li><li>Risk: Unexpected bottlenecks in production facilities</li></ul>* Consensus Estimates

Earnings on an upcycle trend, good cost management, and low price volatility versus the Thai market relative to its sectorThe Polyplex group is the fifth largest manufacturer globally of polyester (plastic) film, a stable growth market thanks to high barriers to entry and ongoing demand for its use as food packagingPTL should have a new ultra-efficient plant, with about 20% faster line speed, in Indonesia by 2019 to serve the growth Asian marketsThe company has shown strong recovery in profitability and has a solid balance sheet which looks promising, with further revenue growthRisk: Unexpected bottlenecks in production facilities* Consensus Estimates

PTL (PTL TB): New Ultra-Efficient Plant in Indonesia

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

We met up with two companies last week. They couldn’t have less in common apart from the lack of revenue growth yo. Having said that, a lot of things could change to make them look more interesting in the future since the valuations are not expensive relative to where the market trades at the moment (roughly 14x). One is an Indian petrochem manufacturer listed in Thailand called Polyplex, while the other is a local network contractor we may have discussed in passing called AIT (Advanced…

We met up with two companies last week. They couldn’t have less in common apart from the lack of revenue growth yo. Having said that, a lot of things could change to make them look more interesting in the future since the valuations are not expensive relative to where the market trades at the moment (roughly 14x). One is an Indian petrochem manufacturer listed in Thailand called Polyplex, while the other is a local network contractor we may have discussed in passing called AIT (Advanced…

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Thematic (Sector/Industry)

<ul>
<li>SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.</li>
<li>
Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…</li>
</ul>


SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.

Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…


Average 19% YTD Gain in Key Mining Stocks

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to all our Thai friends in your time of grief.Thailand is sailing into unchartered waters, considering that nearly everyone alive has only known one King and that his fiat power was immense, built up over years of devotion to the country.We expect that the Thai stock market will be hurt in the near term, but will eventually stabilize.

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to all our Thai friends in your time of grief.Thailand is sailing into unchartered waters, considering that nearly everyone alive has only known one King and that his fiat power was immense, built up over years of devotion to the country.We expect that the Thai stock market will be hurt in the near term, but will eventually stabilize.

Thailand Mourns Fallen King, Healing Will Take Some Time

Thailand

Polyplex (Thailand) PCL produces and distributes Biaxially Oriented Polyester (BOPET) Film for packaging, electrical, and other industrial applications.  The Company distributes its products to both domestic and overseas markets.

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Polyplex Pcl (PTL TB)

PTL (PTL TB): New Ultra-Efficient Plant in Indonesia

Earnings on an upcycle trend, good cost management, and low price volatility versus the Thai market relative to its sector The Polyplex group is...

A. Stotz Investment Research

Small Cap Diary: Elusive Revenue Growth

We met up with two companies last week. They couldn’t have less in common apart from the lack of revenue growth yo. Having said that, a lot of...

Athaporn Arayasantiparb, CFA

Average 19% YTD Gain in Key Mining Stocks

SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold...

Singapore Exchange Ltd (SGX)

Thailand Mourns Fallen King, Healing Will Take Some Time

His Majesty King Bhumibol Adulyadej (Rama IX) passed away at Siriraj Hospital in Bangkok yesterday, 13 October 2016, at 3.52pm. Our condolences to...

A. Stotz Investment Research

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