Emerging and frontier market equity analyst, AlphaBox Advisors

Mohit Surana

Emerging and frontier market equity analyst

AlphaBox Advisors

At AlphaBox, our recommendations are sector and country agnostic and diversified by market cap. We follow value-investing philosophy and pursue a bottom-up approach to recommending stocks that has a good risk-reward profile and potential to generate market-beating returns, which in some cases would be complemented with an attractive dividend yield. Our recommendations fall into the following two broad categories: (i) Long-term Compounders – Global Markets (ii) EM and FM Alpha

Equity Bottom-Up

NAC Kazatomprom JSC produces and markets minerals. The Company specializes in natural uranium production. NAC Kazatomprom also imports and exports uranium compounds, nuclear power plant fuel, and uranium components. NAC Kazatomprom serves customers worldwide.

<ul>
<li>The Kazakh government silently allowed Russia to buy 49% stake in JV Budenovskoye sometime in 2021-H2.</li>
<li>Kazatomprom owned 51% in the JV, but the deal was not properly disclosed in Kazatomprom reports.</li>
<li>Many company officials resigned since the deal fearing breach of legal duty on disclosure.</li>
</ul>


The Kazakh government silently allowed Russia to buy 49% stake in JV Budenovskoye sometime in 2021-H2.
Kazatomprom owned 51% in the JV, but the deal was not properly disclosed in Kazatomprom reports.
Many company officials resigned since the deal fearing breach of legal duty on disclosure.


Kazatomprom (KAP LI): Revelation Of A Silent Uranium Deal

<ul>
<li>Kazatomprom is the world’s largest Uranium miner with the lowest cost of production.  </li>
<li>The company has strong fundamentals with demand supply dynamics expected to steadily become more favorable going forward.</li>
<li>Geopolitical concerns, which is the main reason for its low P/E, should subside as time passes by. </li>
</ul>


Kazatomprom is the world’s largest Uranium miner with the lowest cost of production.  
The company has strong fundamentals with demand supply dynamics expected to steadily become more favorable going forward.
Geopolitical concerns, which is the main reason for its low P/E, should subside as time passes by. 


Kazatomprom NAC (KAP LI): Strong Fundamentals and Improving Demand Supply Dynamics.

SJVN Limited develops, owns, and operates Hydro-electric power projects in India. The Company operates power generating plants in states that include Himachal Pradesh,

<ul>
<li>Fundamentally strong company with track record of high profitability and efficient operations. </li>
<li>Installed power generation capacity will more than double to ~5,500 MW by FY24 and another 4-5x by FY30. </li>
<li>Potential for DPS to improve from a trailing 1.70 INR to INR 2.50 by FY24, implying an attractive dividend yield of 7.5%. </li>
</ul>


Fundamentally strong company with track record of high profitability and efficient operations. 
Installed power generation capacity will more than double to ~5,500 MW by FY24 and another 4-5x by FY30. 
Potential for DPS to improve from a trailing 1.70 INR to INR 2.50 by FY24, implying an attractive dividend yield of 7.5%. 


SJVN Limited (SJVN IN): Renewable Energy Play; Installed Capacity To Double in 12-18 Months.

Mohit has over 15 years of investment research experience covering emerging and frontier market equities across most sectors. Before co-founding AlphaBox, Mohit worked as a buy-side equity Analyst (Generalist) for a US-based asset management firm, Neon Liberty Capital Management. In this role, he gained extensive experience in value investing in the EM and FM equities. Mohit also draws rich sell-side experience from his time working at Credit Suisse.

Mohit Surana
Emerging and frontier market equity analyst
• AlphaBox Advisors

Kazatomprom (KAP LI): Revelation Of A Silent Uranium Deal

KAZATOMPROM (KAP LI): News article allege a secret Uranium deal between the Russian and the Kazakh government was the reason behind major...

Mohit Surana

Kazatomprom NAC (KAP LI): Strong Fundamentals and Improving Demand Supply Dynamics.

Kazatomprom: A cheaper way to gain exposure to Uranium mining industry with low probability of a geopolitical risk escalation.

Mohit Surana

SJVN Limited (SJVN IN): Renewable Energy Play; Installed Capacity To Double in 12-18 Months.

SJVN Is A Promising Play On The Growing Renewables Sector In India Helped By Strong Fundamentals And Capacity Expansion On The Horizon + Decent...

Mohit Surana