Global Emerging Markets: Reporting Season Summary, 1Q2024

Global Emerging Markets: Reporting Season Summary, 2Q2024

Global Emerging Markets: Reporting Season Summary, 3Q2024

Global Emerging Markets: Reporting Season Summary, 3Q2022

Global Emerging Markets: Reporting Season Summary, 2Q2022

Global Emerging Markets: Reporting Season Summary, 4Q2022

Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Emerging Market Equities

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

Quantitative Analysis

<ul>
<li>The 200 largest weighted companies in the GEM index reported average EPS growth of +6.3%y/y for 1Q23-to-date, slightly down from the +7.5% reported for 4Q22.</li>
<li>Only 51% of companies delivered positive sales surprises, whilst 60% delivered positive EPS surprises, an increase from the trend seen over the past year.</li>
<li>Historically, there has been a significant difference in relative share price performance between the largest positive versus negative surprise generators, for 3 months after the reporting date.</li>
</ul>


The 200 largest weighted companies in the GEM index reported average EPS growth of +6.3%y/y for 1Q23-to-date, slightly down from the +7.5% reported for 4Q22.
Only 51% of companies delivered positive sales surprises, whilst 60% delivered positive EPS surprises, an increase from the trend seen over the past year.
Historically, there has been a significant difference in relative share price performance between the largest positive versus negative surprise generators, for 3 months after the reporting date.


Contemporary Amperex Technology (CATL) (300750 CH)

Centrais Elétricas Brasileiras-Sp Adr (EBR US)

Global Emerging Markets: Reporting Season Summary, 1Q2023

IT

Global Emerging Markets: Reporting Season Summary, 1Q2023