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>Improving asset turnover, more attractive to analysts, and low debt levels relative to its sector </li><li>I&amp;P Group Sdn Bhd purchase deal wrap-up to turn SPSB into the largest property company in Malaysia with more than 10,000 acres of land bank </li><li>Sales growth should be supported from the upcoming launches in Malaysia worth around US$1bn and in Australia around US$480m </li><li>Trades in line with ASEAN sector at 17CE* 1.2x PB and offers a slightly better ROE, a nice 4.5% dividend yield and has a solid balance sheet </li><li>Risks: Weaker property sales and changes in lending environment</li></ul>* Consensus Estimates

Improving asset turnover, more attractive to analysts, and low debt levels relative to its sector I&amp;P Group Sdn Bhd purchase deal wrap-up to turn SPSB into the largest property company in Malaysia with more than 10,000 acres of land bank Sales growth should be supported from the upcoming launches in Malaysia worth around US$1bn and in Australia around US$480m Trades in line with ASEAN sector at 17CE* 1.2x PB and offers a slightly better ROE, a nice 4.5% dividend yield and has a solid balance sheet Risks: Weaker property sales and changes in lending environment* Consensus Estimates

SPSB: Set to Acquire Largest Land Bank in Malaysia

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Thematic (Sector/Industry)

This week has been a tough one for the people of Jakarta, as the outgoing Governor was handed an extremely dubious sentence of two years in jail, on an even more dubious trumped up charge of blasphemy. According to some interesting post-election analysis, Ahok lost squarely because of this case. A large number of voters, who approved of the great work he had done in Jakarta, moved to vote against him due to the religious angle (as well as some intimidation it seems).Even though President Jokowi…

This week has been a tough one for the people of Jakarta, as the outgoing Governor was handed an extremely dubious sentence of two years in jail, on an even more dubious trumped up charge of blasphemy. According to some interesting post-election analysis, Ahok lost squarely because of this case. A large number of voters, who approved of the great work he had done in Jakarta, moved to vote against him due to the religious angle (as well as some intimidation it seems).Even though President Jokowi…

The Week that Was in ASEAN@Smartkarma - Ghostowns, Thaksinites and Casinos

Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

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Petronas Chemicals Group / Equity Bottom-Up

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<li>
Rising Malaysian exports, quickening GDP expansion, recovery in corporate earnings and a depressed MYR are spurring foreign interest in Malaysian equities
</li>
<li>
World economic growth is set to improve to 3.4 - 3.5% this year from 3.1% in 2016. A rising growth outlook in developed markets could drive strength in EM investing.
</li>
<li>
In April, the RHB economists upgraded Malaysia’s 2017 GDP growth forecast to 4.5% (2016: +4.2%) and export growth to 3.9% (2016: +0.1%).
</li>
<li>
The latest data points for March 2017 show…</li>
</ul>



Rising Malaysian exports, quickening GDP expansion, recovery in corporate earnings and a depressed MYR are spurring foreign interest in Malaysian equities


World economic growth is set to improve to 3.4 - 3.5% this year from 3.1% in 2016. A rising growth outlook in developed markets could drive strength in EM investing.


In April, the RHB economists upgraded Malaysia’s 2017 GDP growth forecast to 4.5% (2016: +4.2%) and export growth to 3.9% (2016: +0.1%).


The latest data points for March 2017 show…


Actionable Opportunities in Malaysia as Fundamentals Improve

Deciphering real estate markets globally., Rems Advisors

TAN Kok Keong

Deciphering real estate markets globally.

Rems Advisors

Developers have responded aggressively in the latest Government Land Tender following the strong performance of new residential launches over the past months. In the latest land tender, the highest bid and the number of bidders far exceeded market expectations.<h2>Bid at 68% higher than lowest bidder </h2>SP Setia submitted the highest bid of S$939 per sq ft of gross floor area for a site at Toh Tuck (a suburban, middle-class location). The bid is 1.8% above the second highest bidder and 68% above the…

Developers have responded aggressively in the latest Government Land Tender following the strong performance of new residential launches over the past months. In the latest land tender, the highest bid and the number of bidders far exceeded market expectations.Bid at 68% higher than lowest bidder SP Setia submitted the highest bid of S$939 per sq ft of gross floor area for a site at Toh Tuck (a suburban, middle-class location). The bid is 1.8% above the second highest bidder and 68% above the…

SP Setia Beats 23 Other Bidders in the Latest Government Land Tender

We visited Forest City in Iskandar Malaysia over the weekend following reports of the Chinese government's order for <a href="https://www.smartkarma.com/entities/5225" target="_blank" data-smartkarma-citation="entities:5225:1">Country Garden Holdings Co (2007 HK)</a> to close all its showrooms in China.  The following are some observations from us, post-visit. <h2>Key observations from the visit</h2>The following are our key observations and feedback from agents/visitors we spoke to: <ul><li>
The number of visitors shrank: The sale agent we met told us that the news of closing down of all showrooms in China really hurt their…</li></ul>

We visited Forest City in Iskandar Malaysia over the weekend following reports of the Chinese government's order for Country Garden Holdings Co (2007 HK) to close all its showrooms in China.  The following are some observations from us, post-visit. Key observations from the visitThe following are our key observations and feedback from agents/visitors we spoke to: 
The number of visitors shrank: The sale agent we met told us that the news of closing down of all showrooms in China really hurt their…

Seeing the Forest for the Trees in Malaysia - Country Garden

Malaysia

SP Setia Berhad is an investment holding company. Through its subsidiaries, the Company operates as building contractors and develops, invests, and leases properties. SP Setia also manufactures precast concrete, and prefabricates, installs, and sells wood products.

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SP Setia Bhd (SPSB MK)

SPSB: Set to Acquire Largest Land Bank in Malaysia

Improving asset turnover, more attractive to analysts, and low debtlevels relative to its sector I&P Group Sdn Bhd purchase deal wrap-up to...

A. Stotz Investment Research

The Week that Was in ASEAN@Smartkarma - Ghostowns, Thaksinites and Casinos

This week has been a tough one for the people of Jakarta, as the outgoing Governor was handed an extremely dubious sentence of two years in jail,...

Angus Mackintosh

Actionable Opportunities in Malaysia as Fundamentals Improve

Rising Malaysian exports, quickening GDP expansion, recovery in corporate earnings and a depressed MYR are spurring foreign interest in Malaysian...

David Riedel

SP Setia Beats 23 Other Bidders in the Latest Government Land Tender

Developers have responded aggressively in the latest Government Land Tender following the strong performance of new residential launches over the...

TAN Kok Keong

Seeing the Forest for the Trees in Malaysia - Country Garden

We visited Forest City in Iskandar Malaysia over the weekend following reports of the Chinese government's order for Country Garden Holdings Co...

TAN Kok Keong

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52-week Range

Market Cap (USDm)

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