Equity Research Analyst - Long-Short

Raj S, CA, CFA

I am Raj - CA and CFA. A Buy-side analyst.

I cover BFSI, Autos, Tech, AI and several other sectors across geographies.
   
I am a CA and CFA, with 10+ years experience in fundamental equity research across buy-side and sell-side and across geographies.

My research process is primarily focused on the catalysts which would have a direct impact on a stocks fundamental performance and market valuation. These days, I look for names which have a clear mis-pricing evident in its valuation vs. fundamental business moats/ growth/ NAV. Fortunately, there are always such stories around. More importantly, the timeline of when the mis-pricing is resolved and what triggers this resolution is what interests me.

Beijing Roborock (688169.SS): Structural Margin Recovery to Drive Re-Rating; HK Listing Key Catalyst

Beijing Roborock A/H Listing: Leader in Its Niche but Tariffs and Competition Risks

Equity Bottom-Up

Beijing Roborock Technology  / Equity Bottom-Up

<ul>
<li>
<strong>Margins yet to recover –</strong> 3Q25 profitability remained under pressure from China promotions and early Vietnam cost drag.</li>
<li>Strong topline – revenue +61 % YoY, driven by broad-based global demand.</li>
<li>Recovery deferred – margin inflection likely only after efficiency gains and tariff easing.</li>
</ul>



Margins yet to recover – 3Q25 profitability remained under pressure from China promotions and early Vietnam cost drag.
Strong topline – revenue +61 % YoY, driven by broad-based global demand.
Recovery deferred – margin inflection likely only after efficiency gains and tariff easing.


Beijing Roborock (688169.SS): 3Q25 Review: Turn Around Delayed Further