@dede_eyesan Dede Eyesan

Dede Eyesan posts on X about in the, investment, china, debt the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

Engagements: [-----] #

[--] Week [-----] -71%
[--] Month [------] +161%
[--] Months [-------] +23%
[--] Year [-------] +19%

Mentions: [--] #

[--] Week [--] -28%
[--] Month [--] no change
[--] Months [---] -0.77%
[--] Year [---] +131%

Followers: [-----] #

[--] Week [-----] -0.05%
[--] Month [-----] +2%
[--] Months [-----] +5.40%
[--] Year [-----] +10%

CreatorRank: undefined #

Social Influence

Social category influence finance countries stocks technology brands currencies travel destinations fashion brands luxury brands automotive brands social networks

Social topic influence in the, investment, china, debt, japan, market, balance sheet, stocks, deep, growth

Top accounts mentioned or mentioned by @mikefritzell @joinyellowbrick @danieltrindade7 @smartkarma @globalstockpick @strikemarket @mateusmgusmao @secrets4stocks @tankerrrh @pbcinc @jimmysyeyo @bonhoefferkds @aktieblogg @gernerwerner87 @stocksnweights @benyiran @globogymcapital @tintincapital @starlink @cervezagallo

Top assets mentioned Alphabet Inc Class A (GOOGL) Factset Research Systems, Inc. (FDS) Ulta Beauty Inc (ULTA) Costco Wholesale Corporation (COST) GLOBANT S.A. (GLOB) Mastercard, Inc. (MA) Elanco Animal Health Incorporated Common Stock (ELAN) Apple, Inc. (AAPL) Metadium (META)

Top Social Posts

Top posts by engagements in the last [--] hours

"I tweeted about Giant Biogenes IPO a while ago shares have since rallied by 130% and I forgot to ever finish reading their prospectus If youre into skincare Ill pay attention to them if shares fall. High innovation (check Kefumei reviews) and founders are top-class"
X Link 2023-03-18T14:26Z [----] followers, [----] engagements

"Chinese IT services & data center: Chindata Group Bain Capital already own 43% but new $9.2 per share offer from China Merchants Capital yesterday. In [--] years Chindata should be worth more than $3.3 billion (12x 2025E). Bain might need to pay up for rest of shares"
X Link 2023-07-11T13:37Z [----] followers, [----] engagements

"The best type of investments are turnarounds. When everyone thinks a stock is going to zero. Its share price falls $10 to $1 you get in it goes up to $4. Youve made your 400% return. Key thing is balancing patience and aggression. Sasol & Tongaat are good examples of this"
X Link 2020-06-06T04:37Z [----] followers, [--] engagements

"He may be the craziest CEO but youve really got to admire him"
X Link 2020-06-09T15:05Z [----] followers, [--] engagements

"Afrimat was the first company I bought on the Jenga portfolio. Great AGM today. Will probably hold its shares for a long time. The economics of Iron ore is spectacular and its management are by far one of the best in capital allocation"
X Link 2020-07-29T18:47Z [----] followers, [--] engagements

"Theres a lot of unknowns with Olaplex (recent IPO) but its a fantastic business. Would like to see more clarity on debt and Advents share ownership plans going forward. Great range of products thatve changed how we do hair care over the last 5/6 years"
X Link 2021-10-22T18:01Z [----] followers, [--] engagements

"Does any Polish investor have access to Grupa Pracujs prospectus I cant seem to find it on the website and I havent gotten a response from investor relations yet. $WSE $WSEGPP $GPP"
X Link 2022-04-20T20:34Z [----] followers, [--] engagements

"Some payment notes: Kaspi is a no brainer. Automatic Bank Service in Israel is worth paying attention to. Visa and MasterCard have a 10% stake each. Global Payments Inc looks undervalued and Green World Fintech in Taiwan is becoming attractive again. 1/2"
X Link 2022-11-30T16:07Z [----] followers, [--] engagements

"40 years ago Japanese equities traded at sky-high valuations. Today it ranked among the lowest among developed market peers. There were reasons for these contrasts in Japanese equities and lessons on finding companies that solve a society's biggest problems. 23/68"
X Link 2023-01-03T14:56Z [----] followers, [----] engagements

"We also shared some investment case studies on Japanese outperformers like M3 Japan the largest telehealth player Nihon M&A Centre an advisory firm and 100-baggers like Lasertec in semiconductor equipment and S-Pool in recruitment advisory. 24/68"
X Link 2023-01-03T14:59Z [----] followers, [----] engagements

"You might particularly find the case study segment on individual companies helpful in each industry. We profiled [--] companies and I will share a few of these below: 49/68"
X Link 2023-01-03T15:47Z [----] followers, [----] engagements

"Update on Impact HD: Management have offered an MBO at [----] per share backed by Bain Capital. Unfair price given the growth potential in its digital signage business though. Ill share the next Japanese IT/industrial services company worth an investment consideration. Japanese holding companies are always full of surprises- an example ImpactHD. At first glance it looks like a HR company for retailers. Boring slow growth stuff. But since [----] earnings have grown 5-fold (43% CAGR) and targeting earnings to compound by 26% till [----]. https://t.co/IBuPnbz2jN Japanese holding companies are always"
X Link 2023-02-03T10:10Z [----] followers, [----] engagements

"Currently trades at 13x P/E and dont think market realises theyre a different business from [--] years ago pre Mimi TV. Should they double earnings in [--] years then huge upside from just earnings growth alone. Theres also room for multiples expansion"
X Link 2023-05-30T12:26Z [----] followers, [---] engagements

"In [----] FY they grew revenue by 38.6% while EBIT and Net income grew 70.5% and 77.4% respectively. Debt increased by 100m to 800m (debt/capital of 19%) Operationally expanded their Tiktok channel now [-----] mimists and improved MimiTV discovery"
X Link 2023-05-30T12:32Z [----] followers, [---] engagements

"Global Financial Exchanges and Data: My [--] Groups here: Group 1: MSCI S&P Factset and Moody's Group 2: JF Wealth Holdings East Money Information Coocon Corp and FnGuide Group 3: Hong Kong Exchange & Clearing Boursa Kuwait B3 and OTC Markets 1/3"
X Link 2023-06-10T00:50Z [----] followers, [----] engagements

"Group 4: Euronext Nasdaq TradeGo Fintech and Value Line. I left out India's [--] champions - CRISIL Indian Energy Exchange BSE Limited and ICRA Limited due to price. If it comes down then group [--]. Every global portfolio needs at least [--] company from these [--] groups"
X Link 2023-06-10T00:54Z [----] followers, [---] engagements

"Well run outsourcing companies will always find new ways to grow regardless of what happens with AI/technology. Good example of this is Teleperformance recent deal with Microsoft with TP GenAI. Replace and improve 2/n"
X Link 2023-06-24T09:47Z [----] followers, [---] engagements

"@Tankerrrh Korean apparel companies are quite reliant on licensing foreign brands into Korea. The issue is these licenses can be terminated at short notice which makes forecasting future cash flows hard. I personally prefer when the franchise is totally distant from retail 1/2"
X Link 2023-06-29T20:56Z [----] followers, [---] engagements

"Japanese IT: Screening Japan A-Z and spotted the following Systems; System D (3804) Systems Design (3766) Systems Engineering (3741) System Information (3677) System Integrator (3826) System Location (2480) System Research (3771) System Support (4396) The fun part - (1/2)"
X Link 2023-07-11T18:06Z [----] followers, [----] engagements

"An investor who got fed up with the names and bought all [--] companies equally weighted in [----] would have returned 15% per year vs the Nikkei [---] index 9% return. Not so complicated after all"
X Link 2023-07-11T18:06Z [----] followers, [---] engagements

"Chinese Ophthalmic facilities - China is shifting to a more ageing society and eye care is one of the industries that benefit from that. There's been a big shift from public to private-led players in the past few years. Here's some data from Jiangsu province for eg. 1/n"
X Link 2023-08-18T14:40Z [----] followers, [----] engagements

"Chinese gaming industry - Good financial half year for Zengame with revenue up 64% and net income up 71%. No debt 58% net cash/market cap and 3x P/E and 7% dividend yield. Operationally big drop in DAU and MAU and seems new features in games are driving in-app purchases"
X Link 2023-08-25T17:20Z [----] followers, [----] engagements

"Gofore Q3 trading update - Gofore is one of the few growth plays in Europes IT industry. So far revenue for Q3 is up 34% yoy (July and August). New contract wins with AWS installation the Finnish transport Agency and the Finnish ministry of Education"
X Link 2023-09-13T14:10Z [--] followers, [--] engagements

"Multiples are not cheap 24x forward earnings. Balance sheet is however debt free and one can expect profit after tax margins 35% over the next [--] years with maybe 20-25% earnings growth CAGR. Growth in Comfy skin treatments remains key to thesis see below"
X Link 2023-09-13T14:26Z [----] followers, [--] engagements

"This year Egypt Free Shops (CASE: MFEC) is up 100% TR this year in USD. It still has a debt free balance sheet EBIT margins of 30% more than doubled both revenue and profits in the past [--] years. And currently valued at just 8x P/E (5x EV/EBIT) with a 12% dividend yield. The duty free business model is a stalwart I like. If airports continue to privatise benefits options for public markets. Right now China Duty is too expensive both Egypt and Jordanian Duty Free have some potential - 7x normalised earnings and 26-29% EBIT margin range. The duty free business model is a stalwart I like. If"
X Link 2023-09-20T15:31Z [----] followers, [----] engagements

"For the 2nd retail series presentation we explore Aditya Vision NE India's fastest-growing electronics retailer. We discuss organised retailers electrification in Bihar the competitive landscape etc. The full presentation will be included in the Jenga October newsletter"
X Link 2023-10-05T13:40Z [----] followers, [---] engagements

"Seguros de Mexico - In the early 1980s after decades of +5% GDP growth Mexicos economy suffered and had to devalue the peso. Investors suffered and foreign investors fled the market. The share prices fell to record lows and in some cases traded at 5% of book value"
X Link 2023-10-09T11:40Z [----] followers, [----] engagements

"I will dive more into his investments during this period but one of three stood out Seguros the insurance agency. Like Buffett Carlos Slim was well aware of the power of float. His mentor Espinosa Iglesias introd him to insurance and sold his interests to Carlos"
X Link 2023-10-09T11:44Z [----] followers, [----] engagements

"Seguros de Mexico was acquired for $13 million in [----] and by [----] after [--] spin-offs was worth $1.5 billion an IRR of 23% over [--] years (core asset) The internal Inbursa investment Funds also returned above +31% per year over the next [--] years. In the words of Carlos Slim:"
X Link 2023-10-09T11:56Z [----] followers, [----] engagements

"Another significant investment during this period was Cigatam Mexicos then tobacco company. Carlos Slim mainly wanted the cash flows as tobacco is very profitable. Aug [----] he paid [--] million pesos for 10% of Cigatam then increased his stake to 39.6% granting control"
X Link 2023-10-09T12:04Z [----] followers, [----] engagements

"Operationally Cigatam was a great investment as market share went from 38% to 63% [--] years later. Only an additional [--] million pesos was spent on operations. I believe Cigatam was at 20% book value and was later sold to Philip Morris many times over"
X Link 2023-10-09T12:07Z [----] followers, [----] engagements

"With Cigatam cash flows he bought the Mexican arm of US cos like Firestones Hersheys Reynolds Aluminium Anderson Clayton etc. Averaging 3-4% book value. Anderson Clayton which sold cotton gin was acquired at MX$58 per share but paid a dividend of MX$65 per s. month later"
X Link 2023-10-09T12:25Z [----] followers, [----] engagements

"New York Times - During the aftermath of the financial crisis newspapers all suffered (as revenue and technology) and New York Times shares declined almost -90% from 2002-2009. Operating profits declined from $544m to $186m as it struggled"
X Link 2023-10-09T12:40Z [----] followers, [----] engagements

"He provided a $250 million loan that paid 14% interest rates per year and also owned warrants and stock A shares which tripled in value in the following years. His thesis was market focused on the paper element of news he cared more about the content and saw value there in NYT"
X Link 2023-10-09T12:48Z [----] followers, [----] engagements

"Wonderful presentation on Shelly Group and great stuff from @pbcinc for organising the presentation"
X Link 2023-10-10T09:35Z [----] followers, [----] engagements

"Also didnt think Dino Polska will ever go below 20x P/E again. Interesting view from the market. And LVMH is finally 20x P/E too. Anta Sports around 19-20x P/E Interesting period for consumer. Not dirt cheap prices but seems weird to see"
X Link 2023-10-11T17:51Z [----] followers, [----] engagements

"Peter Lynch on investing in cyclicals - "Waste management companies are cyclical although when these clean-up stocks were widely touted. investors did not recognize that fact. Many bought at the wrong time only to see the cleanup stocks get clobbered in the recession.""
X Link 2023-10-12T11:44Z [----] followers, [----] engagements

"Shanxi Xinghuacun Fen Wine Factory - Fenjiu (SHSE: 600809) P/E ratio fell from 121x to 28x between Dec [----] - today. Its share price was however broadly flat during that period earnings grew 57% CAGR. (Light aroma is the 2nd largest type of Baijiu by volume)"
X Link 2023-10-16T16:43Z [----] followers, [----] engagements

"IT Services (Earnings update) - Gofore - Q3 revenue up 28% net income up 22%. Ksolves - Q3 revenue up 41% net income up 39%. Gofore reaffirmed the long-term growth target of 25% CAGR. New client wins for Ksolves. Good to see some bright spots in the industry"
X Link 2023-10-20T15:49Z [----] followers, [----] engagements

"Kaspi Q3 [----] Earnings call - "We're happy to report here that we have now exceeded [----] automated Postomat machines across the country. And that is now the largest last mile delivery network in the country and it contributes 37% of our deliveries." Mikheil Lomtadze"
X Link 2023-10-23T18:08Z [----] followers, [----] engagements

"French Wage Portage industry - with another acquisition of STA Groupe (alongside OpenWork). Combined entity should lift full year revenue above [--] billion. I'm expecting 2% net income margin so 10x P/E assumming 0% organic growth for H2 2023"
X Link 2023-10-23T19:04Z [----] followers, [----] engagements

"Copart [----] annual report "The number of salvage vehicles processed annually by Copart has grown from approximately [-----] in fiscal [----] to [------] in fiscal 1996." One of the greatest businesses today"
X Link 2023-10-30T23:10Z [----] followers, [----] engagements

"Raising R&D as % of sales also isn't necessarily the answer. Both Cutera and Venus Medical averaged 10% R&D/Sales. Both are still lossmaking and down -90%"
X Link 2023-11-03T16:11Z [----] followers, [----] engagements

"I also wonder if management has looked into South Korea much. BioPlus Classys and WonTech are all doing really well and I'm seeing progress with their expansion into emerging markets like Brazil here. A big risk will be underestimating the potential of the Korean market"
X Link 2023-11-03T16:12Z [----] followers, [----] engagements

"@danieltrindade7 I like Medpace. They are however in a very different position vs InMode - more recurring and revenue visibility ($2bn backlog) bigger moat more track record of 30+ years easier for them to grow without acquisitions + less acq. targets and a bigger market position vs. InMode"
X Link 2023-11-06T11:36Z [----] followers, [---] engagements

"@danieltrindade7 Hence why it's a lot easier for Medpace to spend so much on buybacks compared to InMode. So many aesthetics device companies go bankrupt and there's no clear leader which is why I think a very strong balance sheet is even more important here"
X Link 2023-11-06T11:42Z [----] followers, [---] engagements

"@jimmys_yeyo Im an InMode bull too. Classys isnt exposed to the US which is having a difficult year with aesthetics. Classys have also done a good job with consumables InMode can still catch up here. The product portfolio at InMode is still quite competitive"
X Link 2023-11-08T13:25Z [----] followers, [---] engagements

"Aditya Vision Q2 earnings call comments: "Furthermore we have revised our initial store opening guidance from [---] stores by FY2025 end to 160-165 stores by FY2025" "Our stores breakeven within the first [--] to [--] months and we are seeing encouraging response in the newer markets"
X Link 2023-11-09T16:56Z [----] followers, [---] engagements

"Both Kweichow Moutai and Herms are probably the [--] highest quality businesses in the world and aren't a reflection of the 'average' quality company so I wouldn't project this beyond. Just sharing some numbers on both. Mainly personal lessons for my journey as an investor"
X Link 2023-11-21T11:42Z [----] followers, [----] engagements

"If Mercedes F1 went public today I reckon it could fetch a valuation of 1.2billion 14x its [----] net earnings. That makes Mercedes F1 more valuable than football Juventus Ajax Celtic and Dortmund combined. Valuing sports on viewership reach doesnt always = profitability"
X Link 2023-11-25T20:54Z [----] followers, [----] engagements

"While Liberty Media has made the sports economics more favorable Mercedes profitability is quite unique. See McLaren & Williams F1 below"
X Link 2023-11-25T21:01Z [----] followers, [----] engagements

"Bosideng H1 [----] - Revenue grew by 21% and net profits grew by 25% with operating profit margins at a new record high. Further reduction in wholesale and store count (110 store closures or 5% of stores) more focus on store quality and sales of higher-priced jackets"
X Link 2023-11-27T20:08Z [----] followers, [----] engagements

"Bosideng now trades at 13x P/E or 11x its forward P/E. Market projects a 17% EPS 3-year CAGR with 13-14% net income margins. Additional 6% dividend yield and 1/4 of its market cap will be in net cash by end of year. 2/3"
X Link 2023-11-27T20:20Z [----] followers, [---] engagements

"Operationally Bosideng still massively underperforms both Moncler and Canada Goose. It will never fully catch up but there's room to narrow the gap. The ladieswear division is a big drag to the group but pleased with the Snow Flying brand. OEM division brings some stability"
X Link 2023-11-27T20:22Z [----] followers, [---] engagements

"- Will car insurers be more resilient than auto financiers Which do the new economy auto players prioritise in bringing in-house - Whats the biggest risk second hand car retailers face - How many more/less months/years does the average car in a 100% EV world last for 2/3"
X Link 2023-12-05T12:46Z [----] followers, [---] engagements

"- Will governments prioritise lower car prices for consumers (Chinese exports) or protecting domestic industries (more tariffs/bans) - How competitive can sodium become relative to lithium batteries Some questions Im currently pondering on do share your thoughts"
X Link 2023-12-05T12:50Z [----] followers, [---] engagements

"@MikeFritzell @smartkarma @Bonhoeffer_KDS On a debt/capital (74% - 50%) and net debt/EBITDA (3.7x - 2.1x) between [----] and today while cash on the balance sheet has similarly grown 10-fold during that period. The bigger issue lately has been the insurance fraud by employees and how management is dealing with it"
X Link 2023-12-06T12:59Z [----] followers, [---] engagements

"@MikeFritzell @aktieblogg Over 200k Russians have permanently moved to Kazakhstan since the war so Kaspi and Halyk Bank have certainly benefitted from it. However I dont see anything morally wrong here. Outflows make the Russian economy weaker"
X Link 2023-12-19T17:13Z [----] followers, [---] engagements

"@GernerWerner87 Agreed spirits can also be luxury brands given the heritage/culture around Baijiu and Moutai. Still has room for growth going forward too"
X Link 2023-12-24T00:01Z [----] followers, [--] engagements

"@StocksnWeights All [--] are amazing companies sadly I havent owned any this year. Copart and Fair Isaac were my big misses"
X Link 2023-12-24T00:05Z [----] followers, [--] engagements

"@benyiran Missed your tweet. Well its empty most times but Im seeing a higher collection of higher-end jackets - Gore-tex etc which is in line with their goals of raising prices and competing with Canada Goose & Moncler. The big opportunity for them is being 100% in China"
X Link 2023-12-24T00:11Z [----] followers, [--] engagements

"@GloboGymCapital Not yet spoken to people from both countries and will be visiting both later in 2024"
X Link 2023-12-28T10:00Z [----] followers, [---] engagements

"@Tintincapital @Starlink @Cerveza_Gallo Im looking at this right now as well"
X Link 2023-12-29T00:11Z [--] followers, [---] engagements

"I missed out on Deckers Outdoor pinch myself every time I revisit the financials. Ive struggled with footwear only brands in the past but Hoka One & On running are different. Big error on my side. Hoka One One under Deckers Outdoor is so impressive. Cant believe I missed this [--] years ago. Was way too concentrated on UGG. If you remove D2C operating profits theyre already about half of UGG From just $2 million EBIT in [----]. Hoka One One under Deckers Outdoor is so impressive. Cant believe I missed this [--] years ago. Was way too concentrated on UGG. If you remove D2C operating profits theyre"
X Link 2023-12-29T03:59Z [----] followers, [----] engagements

""A great example is our proprietary payments network driven by Kaspi QR technology. In [----] we processed more transactions than were processed by Mastercard and Visa combined in Kazakhstan.""
X Link 2023-12-29T11:33Z [----] followers, [---] engagements

"7 of the [--] largest companies down -50% over the past [--] years are Chinese listed companies (ex. PayPal Block and FIS): Alibaba Ping An Wuliangye Yibin Meituan Xiaomi JDcom Jiangsu Hengrui Medicine"
X Link 2024-01-08T17:18Z [----] followers, [----] engagements

"Great presentation from Michael Kehoe of Kinsale Capital https://www.youtube.com/watchv=4zHe9CTLyd4 https://www.youtube.com/watchv=4zHe9CTLyd4"
X Link 2024-01-11T21:08Z [----] followers, [----] engagements

"Don't quote me on this but I think investors today could make between 14-16% IRR over the next [--] years (FY 2028). I still think earnings could cross [---] trillion by FY [----]. Insert a 28x multiples + dividend. Still sitting on the sidelines though"
X Link 2024-01-12T20:58Z [----] followers, [----] engagements

"@tooLongTerm @InvestInJapan I see where you're both coming from but I think healthcare tech has/will always be fragmented and without a global acquisition strategy they'll always be at risk of disruption from somewhere. Kind of think it's necessary to have this strategy to survive long term"
X Link 2024-01-13T20:46Z [----] followers, [---] engagements

"Alpha FX - [----] operational revenue up 12% while PBT up 10%. However interest income due to higher rates boosted total profits by 140%. Benefits of business diversification. Interesting note from management on how they're adapting the sales incentives structure for clients"
X Link 2024-01-18T14:13Z [----] followers, [----] engagements

"In [----] Its founder/CEO Hideharu Sakurai realised he could solve a problem for hospitals patients and their families by providing these services with a B2C model. Over time Elan could benefit from economies of scale saving costs energy and time for all stakeholders 2/4"
X Link 2024-01-18T15:05Z [----] followers, [---] engagements

"Over the years Elan scaled their services to the whole of Japan serving over [---] million annual users (14% market share) Over the past [--] years revenue and earnings have organically compounded by 23% EBIT margins have nearly doubled with no single debt on its balance sheet"
X Link 2024-01-18T15:45Z [----] followers, [----] engagements

"@GlobalStockPick Haven't done a deep dive into them so I have no opinion but I know they've been in several PR crises since [----]. Didn't seem to hurt earnings though so there could be something compelling here (+9% dividend yield)"
X Link 2024-01-31T12:17Z [----] followers, [---] engagements

"US Payments Fleetcor (CorPay) Always thought Fleetcor was one of the underrated legacy payments businesses. I like their B2B corporate payments division + the fuel card network segment has a good EV transition road map. 40% EBIT margins mid teens EPS growth. 15x [----] P/E"
X Link 2024-04-03T09:57Z [----] followers, [----] engagements

"Screening globally for restaurants & leisure facilities etc some cool names: Gregg's (UK) Leejam Sports (Saudi Arabia) Wonderla (India) Figaro Coffee (Philippines) Basic-Fit (Netherlands). Leejam Sports stands out but 31x. Basic-Fit deploys way too much debt 1/2"
X Link 2024-04-08T19:42Z [----] followers, [----] engagements

"Smart-Fit in Brazil also stands out but margin contraction is a possibility. Greggs in the UK is one of the most successful restaurant stories out there. Currently accounts for 8.2% of breakfast visits and market leader. Also expanding into pizzas for afternoon lunch"
X Link 2024-04-08T19:45Z [----] followers, [---] engagements

"If there's anyone from (or visited) the Philippines I would love to hear reviews on Angel's Pizza owned by Figarro Coffee Group"
X Link 2024-04-08T19:52Z [----] followers, [----] engagements

"Finally Chipotle. Bill Ackman's investment there certainly goes down among the greatest large-cap investments in restaurant/leisure theme (alongside those with How does one justify current valuations though Shift towards franchise SSS growth http://Bookings.com http://Bookings.com"
X Link 2024-04-08T19:55Z [----] followers, [----] engagements

"Installed Building Products has very impressively compounded revenues by 22% CAGR since [----] deleveraged its balanace sheet and boosted profitability from -7% to 13% EBIT margins. An 18-bagger since going public [--] years ago. A first class founder/ceo too"
X Link 2024-04-11T09:07Z [----] followers, [----] engagements

"Chinese beverages (Baijiu): Luzhou Laojiao Another strong year in [----] with revenue up 20% while EBIT up 28%. Q1 [----] similarly good - revenue up 21% EBIT up 25% its best quarter ever at 65% EBIT margin. 16x forward P/E and 11x forward EV/EBIT. 1/2"
X Link 2024-05-05T13:24Z [----] followers, [----] engagements

"I wouldn't say these are deeply undervalued multiples but during the sector upturn these [--] could easily grow revenue/earnings by 15% per year. Some are in more risky countries (EPAM) or are focused on more volatile projects and sectors. It's far easier to play it safe"
X Link 2024-05-20T14:18Z [----] followers, [----] engagements

"I don't own any but all [--] are on my shortlist. I did a case study on Reply SpA earlier in Global Outperformers. It will never trade at 2x EV/EBIT but 18x P/E is a good entry point for a 15% IRR target. Impressed with the non-dilutive acquisitions at Coforge too. One to watch"
X Link 2024-05-20T14:26Z [----] followers, [----] engagements

"I think Ulta deserves a 21x P/E despite the limited growth. It doesn't get more stable than Ulta in specialty retail management is solid stable and focused. Solid ROIC too with a good balance sheet. Any growth outside the US will be difficult and less profitable though"
X Link 2024-05-23T17:39Z [----] followers, [----] engagements

"1. 15% debt/capital (currently debt free) [--]. growing 15% revenue and EBIT growth (around 20-25% today with 92%+ recurring revenue) [--]. 15% EBIT margin and return on capital (around 30% today) [--]. 15x forward EV/EBIT. Meets "the magic 15""
X Link 2024-05-31T14:14Z [----] followers, [----] engagements

"India - Aditya Vision One of the most impressive retailers I've come across globally. In what should have been a difficult FY [--] revenue grew 32% while EBIT grew 29%. Stable gross margins debt/capital halved over the past [--] years strong ROC. Issue however is 48x P/E"
X Link 2024-06-03T17:47Z [----] followers, [----] engagements

"Scaled economics shared (SES): Capitec (South Africa) Been thinking more about companies that persistently showed SES in financial services. Excerpt from Capitec's [----] annual report Looking back this was a beauty Capitec has been a 1500-bagger since here"
X Link 2024-06-10T16:18Z [----] followers, [----] engagements

"Listed Asian ophthalmic hospitals: Eye care is a subsector that Asian countries perform better than their Western rivals: [--] There are higher rates of Myopia in countries like China SE Asia and Taiwan [--] Private players have a larger slice of the market vs public sector 1/x"
X Link 2024-06-26T13:37Z [----] followers, [----] engagements

"All the listed eye care hospitals also happen to be Asian except Clinica Baviera (Spain) which is 80% owned by the China's largest player Aier Eye. The majority are Chinese but there are also Malaysian (KPJ Focus Point) and Indian companies like Dr Agarwal's Eye. 2/x"
X Link 2024-06-26T13:50Z [----] followers, [---] engagements

"Farmer Mac: Rereading some Peter Lynch articles and decided to look into some listed GSE's. Farmer Mac has compounded by 18% since going public [--] years ago and 23% over the past [--] years. Compounders don't get any more boring"
X Link 2024-06-26T17:21Z [----] followers, [----] engagements

"1. Balance sheet (on and off items) for net new business [--]. Balance sheet (on and off) for total outstanding business volume. Its annual report is complex but quite detailed"
X Link 2024-06-26T17:31Z [----] followers, [---] engagements

"Bosideng- China's leading down jacket brand FY [----] Revenue up 38% while EBIT increased by 51%. 12-year high EBIT margin of 19.2%. Earnings have now compounded by 26% over the past [--] years a successful turnaround. Shares are valued at 12x forward P/E + 5% dividend yield"
X Link 2024-06-27T10:32Z [----] followers, [----] engagements

"Indian Housing Finance Companies (HFCs): The Indian HFCs is the closest financials space to the US S&L space in the 80s. There are currently [--] HFCs led by HDFC and LJC. Private Equity has played a key role in consolidating the whole industry via various strategies"
X Link 2024-07-04T15:51Z [----] followers, [----] engagements

"Lots of drivers for the industry: - Mortgage/GDP is 12% (from 6.5% in 2009) compared to 21% in SA or 35% in Malaysia - Est shortage of [---] mN homes with 76% in states like UP and Maharashtra - Outstanding loans of low income exp to CAGR 8% over next [--] years from trailing 3%"
X Link 2024-07-04T16:02Z [----] followers, [---] engagements

"- Gov initiatives like PMAY-U boost both supply (slumps redev) and demand (credit-linked subsidies). PMAY-G for rural India - regulatory shift from NHB to RBI improved overall sector risk management Industry is split by AUM states/region focus types of customers served etc"
X Link 2024-07-04T16:12Z [----] followers, [---] engagements

"On the flip side there are three types of areas doing well/outperforming in con dis. [--] - Industries that lost out during covid (Hilton Royal Caribbean Booking Hldgs etc) [--] - Very high quality but also expensive names (Hermes Brunello Wingstop Chipotle) 3/x"
X Link 2024-08-15T12:18Z [----] followers, [---] engagements

"First the most dangerous mistake one can make is investing in single-category company right after the industry has grown +10%. Consumer is always cyclical. During good times investors and media always get carried away i.e. luxury watches in [----] Chinese auto retail in 2020"
X Link 2024-08-15T12:28Z [----] followers, [---] engagements

"2. Very few consumer companies have true pricing power. I learned this the hard way (i.e. Kering). So growth by simply raising prices isn't sustainable. For the handful of these true pricing power - Hermes Ferrari and Brunello Cucinelli: a rich multiple is likely deserved"
X Link 2024-08-15T12:33Z [----] followers, [---] engagements

"3. Reducing wholesale isn't always a good thing. I remember when Nike announced they were dropping Footlocker etc and analysts praised the move. How tables have turned If you became successful due to these partnerships changing that structure is always hard"
X Link 2024-08-15T12:35Z [----] followers, [---] engagements

"4. China is a difficult marketnot due to macro or politics but due to competition. It's a very competitive market and only a very limited number of companies can successfully maintain a 20% market share. One slip-up and there's a Pinduoduo around the corner (i.e. Alibaba)"
X Link 2024-08-15T12:39Z [----] followers, [----] engagements

"Consumer staples: Outside the top [--] (Walmart Costco Coke and Procter & Gamble) Colgate and the tobacco companies the staples industry has had a difficult past year. The underperformance is probably worse than the recovery trade after the financial crisis 1/x"
X Link 2024-09-11T18:56Z [----] followers, [----] engagements

"Interestingly a lot of the companies doing poorly now had flexed their muscles on consumers with pricing power in [----] (Nestle Estee Lauder baijiu). Two questions: - Are staples still staples in today's economy rise of private labels Amazon effect on price discovery etc"
X Link 2024-09-11T19:13Z [----] followers, [---] engagements

"Kaspi - Streets of Almaty My friends in Almaty say they see more Wildberries pick up stores popping up in the city. Most still use Kaspi due to convenience and speed but worth noting WB is expanding fast. Partnership with Magnum in grocery will become increasingly important"
X Link 2024-09-24T17:43Z [----] followers, [----] engagements

"Chinese equities: East Money and Hithink Royal both up +90% in the past week leading the bull market shows markets are more optimisitic on the financial economy rather than real economy. Always a bit of a problem when this happens"
X Link 2024-10-02T12:35Z [----] followers, [----] engagements

"Some key points [--]. The largest [---] companies are far more profitable and also growing faster than the rest of the global markets. [--]. Chinese companies are structurally less profitable growing slower and yet still trade at a premium to global markets despite recent drawdowns"
X Link 2024-10-30T20:26Z [----] followers, [---] engagements

"3. Indian stocks trade at 2x the global multiple. Some of this is justified due to India's higher profitability less debt and faster growth than the current global median. However the 1/3 premium to the largest [---] companies shows there's some froth in valuations"
X Link 2024-10-30T20:30Z [----] followers, [---] engagements

"Hi @X friends. Ill be visiting China next week for about [--] days (Shanghai Hangzhou Beijing). My goal is to learn as much and would love your recommendations on people to meet/reach out to before I go - economists money managers entrepreneurs. Thanks in advance"
X Link 2024-11-12T08:02Z [----] followers, [----] engagements

"Shanghai China view of The Bund First time here focusing research on the consumer brands - Nongfu Spring Baijiu brands Bosideng Anta and other apparel brands and cosmetics. Also visited some lower tier cities in Henan"
X Link 2024-11-29T14:15Z [----] followers, [----] engagements

"Also spotted a Biem.L.Fdlkk store at the Shanghai railway station"
X Link 2024-11-29T14:17Z [----] followers, [---] engagements

"Bosideng (Mar - Sep 2024) Revenue grew 17.8% while EBIT grew 19.6%. Snow flying continued to show impressive growth while Bosideng maintained in stores in pricing and quality. Now at 11x forward P/E 6% dividend yield and on track to double NI in [---] years"
X Link 2024-11-29T14:31Z [----] followers, [----] engagements

"Earnings call Notes: TSMC "For the 5-year period starting from [----] we expect our long-term revenue growth to approach a 20% CAGR in U.S. dollar term fueled by all [--] of our growth platforms which are smartphone HPC IoT and automotive." Very impressive for such a giant"
X Link 2025-01-16T12:51Z [----] followers, [----] engagements

"Enjoyed this interview from [----] with Lam Research's $LRCX founder David Lam. He dicussed early days of building Lam Research competing with Applied Material sales in Japan and how etching had evolved. https://archive.computerhistory.org/resources/access/text/2012/05/102746352-05-01-acc.pdf https://archive.computerhistory.org/resources/access/text/2012/05/102746352-05-01-acc.pdf"
X Link 2025-02-20T11:17Z [----] followers, [----] engagements

"$GOOG $GOOGL - Alphabet deep dive I just published my first substack on Global Outperformers by Jenga IP. Its a deep dive into Alphabet - value creation unit economics advertising & cloud industry moats competition and our valuation model. https://open.substack.com/pub/globaloutperformers/p/alphabetr=8iqxl&utm_medium=ios https://open.substack.com/pub/globaloutperformers/p/alphabetr=8iqxl&utm_medium=ios"
X Link 2025-03-14T12:59Z [----] followers, [----] engagements

"In my first Global Outperformers by Jenga IP newsletter deep dive I looked into Alphabet $GOOG $GOOGL and shared my investment case for the parent company of Google. I summarise some of my findings in this thread. 1/20"
X Link 2025-03-17T11:54Z [----] followers, [----] engagements

"Beyond products one of Googles other advantages is its integration. Integration for advertisers and for its billions of users. This integration gives Alphabet an upper hand in any addressable technology market it enters. 5/20"
X Link 2025-03-17T12:04Z [----] followers, [---] engagements

"Cloud is also an important market for Alphabet. While I dont think Alphabet will ever catch up with AWS (or Azure) in market share there are structural reasons why the broader cloud market can have [--] big winners over the long term. I explored [--] of these reasons. 7/20"
X Link 2025-03-17T12:07Z [----] followers, [---] engagements

"From a top level Alphabet seems undervalued relative to peers markets and other high-moat businesses. But is this justified 15/20"
X Link 2025-03-17T12:22Z [----] followers, [---] engagements

"I then explore how I currently value Alphabet. My assumptions growth estimates FCF buybacks & SBC impact and potential IRR. You can download the full excel sheet here. 16/20 https://dedeeyesan.wordpress.com/wp-content/uploads/2025/03/global-outperformers-alphabet-model.xlsx https://dedeeyesan.wordpress.com/wp-content/uploads/2025/03/global-outperformers-alphabet-model.xlsx"
X Link 2025-03-17T12:23Z [----] followers, [---] engagements

"5 years ago when Kering explored a merger with Richemont Kering was 2x bigger in market cap. Today Richemont is now 3x bigger than Kerings market cap. Reminder for me picking the industry is one thing. Finding a long term winner is a different game"
X Link 2025-03-19T17:16Z [----] followers, [----] engagements

"At 21x earnings I think Ksolves is undervalued again. Last quarter earnings call was very good and will expect them to maintain 20% growth for next [--] years at least. Indian IT Services (Ksolves) I think valuations have now gone up too quickly but Ksolves execution in [----] FY deserves an applause. Revenue up 66% and PAT up 56% with margins at 32%. Big growth with US IT projects and Salesforce now 33% of revenue by technology. https://t.co/MnfXoaT7hn Indian IT Services (Ksolves) I think valuations have now gone up too quickly but Ksolves execution in [----] FY deserves an applause. Revenue up 66%"
X Link 2025-03-20T10:19Z [----] followers, [----] engagements

"Quality checklist - $MSFT $GOOGL $META $AAPL I compared Big tech peers on my quality ranking based on ten factors. $MSFT and $AAPL score higher (91/100) while $GOOGL and $META do slightly worse but are still regarded as high moat businesses (75/100)"
X Link 2025-03-25T11:57Z [----] followers, [----] engagements

"I use as a checklist in my final due diligence face just before building the financial models. Let me know your thoughts if you agree/disagree with any of the scores. You can also read the full Alphabet $GOOGL deep dive here: https://globaloutperformers.substack.com/p/alphabet https://globaloutperformers.substack.com/p/alphabet"
X Link 2025-03-25T11:59Z [----] followers, [---] engagements

"Mexico and Greece have become the new safer havens. YTD returns Metlen +17% FEMSA +21% Gruma +14% Grupo Bimbo +8% Athens Airport +10% OMA Airport +12% The rally here probably wouldnt hold but I still think both countries offer some high quality companies at decent prices. Mexico and Greece are two EM countries that look undervalued with some high quality companies. Both have airports Coke bottlers unique packaged staples (Bimbo Gruma Kri-Kri) well-run conglomerates (Metlen Grupo Carso) and some good retailers (Jumbo Walmex Chedraui) Mexico and Greece are two EM countries that look undervalued"
X Link 2025-04-04T16:10Z [----] followers, [----] engagements

"I enjoyed the podcast with Chris Hohn and Nicolai Tangen - he made the case of airports as a high quality business and mentioned Aena as a good example. Also discusses the aerospace engine market too. https://open.spotify.com/episode/3WvN3SXXTTx99zachuEJYrsi=f93781f3014344ff https://open.spotify.com/episode/3WvN3SXXTTx99zachuEJYrsi=f93781f3014344ff"
X Link 2025-05-15T10:19Z [----] followers, [----] engagements

"Shoprite (Grocery retailing): Shoprite is one of the most impressive stories in retail. Last night I fell into a rabbit hole with its [----] - [----] annual reports. Since going public in [----] its shares have returned 25.3% per year and has persevered many economic shocks over the decades. I recommend Niel Joubert's book covering the Shoprite story"
X Link 2025-05-16T12:22Z [----] followers, [----] engagements

"360 Digitech (now Qifu technology) $QFIN has doubled since here but an even better investment since then was Freddie Mac $FMCC - the same stock Warren Buffett pitched with a cool 16x rally One of the few times Munger and Buffett publicly recommended a stock. From Fortune magazine in 1988: Freddie Mac- 23% return on equity 8x P/E ratio and 15% growth rate. Buffett called this a "triple dip". Reminds me of [---] DigiTech now but stock thread for another day. https://t.co/4tSU7ai1AT One of the few times Munger and Buffett publicly recommended a stock. From Fortune magazine in 1988: Freddie Mac-"
X Link 2025-05-30T15:51Z [----] followers, [----] engagements

"@smartkarma We are on the same wavelength :) From the conclusion in the ICTSI deep dive"
X Link 2025-06-12T11:12Z [----] followers, [---] engagements

"@MaiusPartners @MikeFritzell I dont think the decline in actual volumes is that bad but in the low end volume Baijiu its falling around -5% per year in revenue. There are 970+ Baijiu brands"
X Link 2025-06-21T07:40Z [----] followers, [---] engagements

"Dong Nai Port - Vietnamese Port operator $PDN I didn't write about them in my latest transport infrastructure article but it's a listed port operator I'm excited about. They're more exposed to transhipment in north of Ho Chi Minh City in general cargo and very recently liquid cargo too. Less exposed to real estate & building materials. Since going public in [----] Dong Nai has been a 20-bagger (26% CAGR) or 39-bagger with dividends (31% CAGR) But more importantly there's quite a few capacity expansion projects in the pipeline that should grow its TEUs in both Go Dau and Long Binh Tan ports."
X Link 2025-07-01T10:57Z [----] followers, [----] engagements

"84 large caps ($10 bn) globally declined by 20% or more in the first half of the year and among them [--] areas stood out - healthcare premium consumer products exposed to China alcohol and the automotive sector. I believe this is where the pain and negative sentiment is. You can read the rest of my mid-year review to see my commentary"
X Link 2025-07-04T06:14Z [----] followers, [----] engagements

"https://open.substack.com/pub/globaloutperformers/p/global-equities-mid-year-reviewr=8iqxl&utm_medium=ios https://open.substack.com/pub/globaloutperformers/p/global-equities-mid-year-reviewr=8iqxl&utm_medium=ios"
X Link 2025-07-04T06:14Z [----] followers, [---] engagements

"I used to love investing in apparel but Ive learned that fashion/trend risk can be brutal. Low barriers to entry is probably my biggest risk factor these days"
X Link 2025-07-04T06:20Z [----] followers, [---] engagements

"Gofore (European IT services) Finally some M&A. Price paid seems a bit punchy though at 9.5x EV/EBITDA. Gofore has a good balance sheet and hope this is a good use of cash. In my view Gofore remains a good company in a very tough and competitive market currently experiencing a downturn"
X Link 2025-07-04T09:46Z [----] followers, [----] engagements

"TSMC Semiconductors I just published the first half of my TSMC deep dive covering its history Taiwan's semiconductor efforts since the 1970s the foundry industry and TSMC's supply chain. The 2nd part covers its business and unit economics (per wafer) growth initiatives such as 2nm and 1.6nm advanced packaging and data centres challenges & risks ranging from pricing power to geopolitics and my 5-year earnings and valuation model"
X Link 2025-07-16T12:34Z [----] followers, [----] engagements

"https://globaloutperformers.substack.com/p/taiwan-semiconductor-manufacturing https://globaloutperformers.substack.com/p/taiwan-semiconductor-manufacturing"
X Link 2025-07-16T12:34Z [----] followers, [---] engagements

"TSMC During my deep dive on TSMC Focus the ASML way was one of the books I read as part of the research. Loved the chapter on when Intel wanted 450mm wafers for the EUV but Samsung and TSMC said no"
X Link 2025-07-20T19:13Z [----] followers, [----] engagements

"Part [--] of my deep dive on TSMC. https://globaloutperformers.substack.com/p/taiwan-semiconductor-manufacturing-701r=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false https://globaloutperformers.substack.com/p/taiwan-semiconductor-manufacturing-701r=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false"
X Link 2025-07-25T07:56Z [----] followers, [----] engagements

"American Express Q2 [----] Earnings call CEO Stephen Squeri on competition with Citi and Chase: "Anyone who thinks we are refreshing the product in response to what our competitors are doing is crazy. We have our own schedule" "We're acquiring lots of Gen-Zs and millennials with these cards. They are very value conscious" On international markets "Our premium products are priced higher than they are in the US.I think when you look at our share internationally it's very very low." On customer service "If you ever call into our servicing centre there's quite a difference between how American"
X Link 2025-08-01T17:45Z [----] followers, [----] engagements

"PepsiCo It would be an impossible decision with current shareholder base but if Pepsi switched shareholder capital return from dividends to 100% buybacks they would have acquired 22% of current shares/market cap in the last [--] years. Assuming market cap stays the same they could easily acquire 50% over a ten year period (2020 -2030). At 16.7x forward P/E multiples haven't been this low in [--] years. (No position just some thoughts)"
X Link 2025-08-01T17:58Z [----] followers, [----] engagements

"$TSMC One of the most fun bits during my TSMC deep dive was figuring out the unit economics per wafer (leading vs trailing edge) and per fab (I looked at fab [--] vs fab 12) Unit economics calculations to me are the most important aspect of company analysis on the numbers side. Of course these are just assumptions. They however paint a clearer picture of the ins and outs of chip making and TSMCs financials. (1/3)"
X Link 2025-08-01T18:11Z [----] followers, [----] engagements

"Also I was initally against building models (after reading Buffett) but I came to realise (the hard way) my brain isnt 1/10 as powerful as Warren Buffetts and modelling helps summarise your overall research. Its something I do for every company and its a cool way to check old assumptions versus reality. Heres my model for TSMC broken down by chip node application and geography. Included 2nm and 1.4nm projections too"
X Link 2025-08-01T18:18Z [----] followers, [---] engagements

"The full article is available here - https://open.substack.com/pub/globaloutperformers/p/taiwan-semiconductor-manufacturing-701r=8iqxl&utm_medium=ios https://open.substack.com/pub/globaloutperformers/p/taiwan-semiconductor-manufacturing-701r=8iqxl&utm_medium=ios"
X Link 2025-08-01T18:18Z [----] followers, [---] engagements

"Hi Markus I haven't yet done a deep dive on ASML yet (on my list) the unit economics bit would be quite interesting to learn I wouldn't say I have a differentiated view here. ASML is very important and it's in their best interest for TSMC to have Samsung & Intel as more competitive rivals rather than a TSMC monopoly on the most advanced chips (impacts pricing power)"
X Link 2025-08-04T11:57Z [----] followers, [--] engagements

"Amazon part 2: Advertising Amazon's advertising revenue has been the fastest grower among the major big tech advertising divisions. Amazon's ad revenue earned the same quarterly revenue as Google Network four years ago (Q2 2021). Today its ad revenue is now twice as big as Google Network's size ($16 billion versus $7 billion) I estimate that by the end of [----] it will be as big as YouTube ads and Google Network combined revenue. "In June we announced a momentous partnership with Roku giving advertisers access to [--] million connected TV households." 3/20"
X Link 2025-08-18T16:26Z [----] followers, [---] engagements

"Amazon: part [--] (AWS) Surprisingly Amazon's struggle was its cloud division. According to Satya Nadella's comments Azure added $19 billion in revenue or 34% YoY growth over the past [--] months. This beats AWS's $17.8 billion or 18% growth over the past [--] months. While this isn't necessarily a big problem for Amazon it does reflect how the cloud market is increasingly becoming more oligopolistic. $MSFT $AMZN 4/20"
X Link 2025-08-18T16:28Z [----] followers, [---] engagements

"Meta Platforms part 1: Family of apps Meta Platforms continues from strength to strength. - Instagram video time was up 20% globally in Q2. - 2/3 of the recommended posts now come from original posts. - WhatsApp has over [---] billion daily active users and expects a gradual introduction of ads. $META 7/20"
X Link 2025-08-18T16:38Z [----] followers, [---] engagements

"Meta part 2: Family of apps While all the focus today is on its super intelligence team an overlooked area is AI in advertising for Meta. Investments in AI led to 5% increase in ad conversion for Instagram and 3% increase for Facebook. In Q2 [----] the family of apps division achieved an EBIT margin of 53% a recent high for them. 8/20"
X Link 2025-08-18T16:39Z [----] followers, [---] engagements

"Netflix part [--] : Subscription competition While not direct rivals Netflix's broadened scope into games and live TV is narrowing the barriers with other big tech entertainment subscriptions. In the table below I lay out the market share across the [--] major subscription businesses (revenue) As you see Netflix continues to successfully defend its market share of just over a quarter. 10/20"
X Link 2025-08-18T16:45Z [----] followers, [---] engagements

"Netflix part [--]. Overall Netflix's change in mindset and culture with its current co-CEOs is a key driver for its recent success. Its co-CEO. Greg Peters mentioned this during their earnings call: "I've learned to never say never. So I would say we remain open to evolving our consumer-facing model." - Greg Peters Netflix co-CEO. 11/20"
X Link 2025-08-18T16:46Z [----] followers, [---] engagements

"Apple For the first time in [--] quarters Apple's iPhone sales grew by double digits. Apple's hardware sales had been lagging over the past quarters. In fact over the past [--] years its Services division has represented all of its revenue growth. Services have grown from 19% of total revenues in Q1 [----] to 29% in Q2 [----] and remains a steady 12% grower cash cow. $AAPL 12/20"
X Link 2025-08-18T16:48Z [----] followers, [---] engagements

"Tesla Tesla's automotive sales have struggled over the past few quarters averaging a 4.9% Q2 sales growth over the past [--] years. Its energy generation and storage segment continues to be a strong grower with a 47.7% CAGR during the same 3-year period. $TSLA 13/20"
X Link 2025-08-18T16:49Z [----] followers, [---] engagements

"Tesla part 2: Optimus So what's the next leg for Tesla Optimus robots. Musk is extremely bullish and two statements he shared: "Optimus [--] is an exquisite design in my opinion and will be as I've said many times before I predict will be the biggest product ever" "We are going to scale Optimus production as fast as humanly possible. We'll try to get to [--] million units a year We think we can get there in [--] years." Note if Tesla does achieve Musk's stated goal of [--] million units a year that's an annual revenue of nearly $30 billion which is as much as Apple's annual MacBook revenue 14/20"
X Link 2025-08-18T16:51Z [----] followers, [---] engagements

"SAP Although not often considered a big tech SAP's turnaround is rare in technology. Since many mentioned the death of SAP in [----] its shares have been the best performer among nearly all big techs. Only Meta has outperformed SAP. Q2 [----] marked the 14th quarter for the SAP Cloud ERP suite's growth of over 30%+ They mentioned several client wins from Alibaba GSK and the German Armed Forces. $SAP 15/20"
X Link 2025-08-18T16:53Z [----] followers, [---] engagements

"SAP Part [--]. SAP's incremental profit margin gains remain the key topic. Since Q2 [----] SAP's EBIT margins have steadily increased from 17% to 28.5%. Management expects to maintain this trajectory for the next few quarters: "The increase in total expenses versus the increase in revenues will be contained in the range of 80% to 90%. And that is the kind of yardstick for coming years." - Dominik Adam SAP CFO 16/20"
X Link 2025-08-18T16:54Z [----] followers, [---] engagements

"Semiconductors: TSMC and ASML Here TSMC and ASML both delivered great Q2 [----] results but diverged in the forward guidances. TSMC sounded more bullish as it grows 3nm production and transitions to 2nm. 3nm chips are already 24% of its total revenue and expects further share of revenue gains in H2 [----]. ASML on the other hand was less optimistic. China represents over a third of ASML's total revenue and geopolitics continues to be a headwind in its fast growing sales here. ASML still plans to focus on its lithography innovation. In its CEO's words: $ASML $TSMC 17/20"
X Link 2025-08-18T17:02Z [----] followers, [--] engagements

"Metlen (economics) [--]. Aluminium profits + gas plants profits = cash generation [--]. Reinvests into renewables + electricity retail = revenue growth & scale [--]. Circular metals + metallurgical defence equipment = diversification + additional cash generation [--]. METKA + M Power + concessions = lumpy growth but builds reputation and brings business access. The Metlen formula. Very few industrial conglomerates have this level of vertical integration & synergies (yes the S word). Bauxite to aluminium and LNG imports to electricity retail Metlen's vertical integration is quite impressive. I map this"
X Link 2025-09-05T12:47Z [----] followers, [----] engagements

"Next deep dive🤔: Sweden A hammer 🔨 A door lock 🔒 HVAC and cooling ♨ Still on the European industrials theme. Any guesses"
X Link 2025-09-05T15:39Z [----] followers, 10.3K engagements

"Over the past [--] years Track & Field has now compounded its revenue by 27% and EBIT by 34% maintaining a debt-free balance sheet with 20% EBIT margins and ROIC. 15x forward earnings. (No position) I struggle with apparel these days"
X Link 2025-09-15T17:26Z [----] followers, [---] engagements

"Investment AB Latour Imagine Berkshire Hathaway and Warren Buffett. But just focused on Nordic Industrials. Thats exactly what Gustaf Douglas created with Latour in [----]. [--] years later its compounded at 22% per year over a 3000x return. Its invested in and built several other multibaggers too. Assa Abloy Securitas Sweco HMS Networks and a few private companies. Today though its shares have been flat for the past [--] years and I explore the investment case and my intrinsic valuation thoughts"
X Link 2025-10-01T10:27Z [----] followers, [----] engagements

"Latour AB 25% of Latours NAV is Assa Abloy a 100-bagger investment for them so far. If you order their specification manual youll quickly see why its such a high moat and durable business"
X Link 2025-10-02T07:41Z [----] followers, [---] engagements

"Latour AB Another cool table of Latour's [--] largest private holdings - Hultafors Nord-Lock and Swegon (70% of private portfolio NAV 28% of company NAV). These [--] companies compounded their operating earnings (EBIT) at 16% for [--] years (2004 - 2024). Best part is these are slow going industries - tradespeople workwear fasteners and HVAC. I dug into each of them exploring their economics their moats and my earnings estimates till [----]. If I could own any of them forever it would probably be Nord-Lock. 1/2"
X Link 2025-10-03T17:40Z [----] followers, [---] engagements

"Swegon Latour's HVAC subsidiary. I modelled what the unit economics might look like for a potential customer (an apartment building with [--] flats). Swegon is slightly more profitable than listed peers Systemair and Lindab. There's more info on this in their UK Companies house filings"
X Link 2025-10-03T17:55Z [----] followers, [---] engagements

"Came across an Infrastructure CEO panel discussion with Bruce Platt (Brookfield) Adebayo Ogunlesi (GIP) and Shemara Wikramanayake (Macquarie) Ogunlesi recommended reading through the annual Infrastructure report card published by the American Society of Civil Engineers. (07:50 min) Currently reading through and it's such an impressive document. - https://infrastructurereportcard.org/wp-content/uploads/2025/03/Full-Report-2025-Natl-IRC-WEB.pdf https://www.youtube.com/watchv=89cJ9KTaZbE https://www.youtube.com/watchv=89cJ9KTaZbE"
X Link 2025-10-03T18:07Z [----] followers, [----] engagements

"Interesting Peter Lynch said Allan Gray (South Africa) was his best role model in investing. Didn't think we'd ever get the chance to hear from Peter Lynch again. (10:56) https://www.youtube.com/watchv=YIlurDigZcY https://www.youtube.com/watchv=YIlurDigZcY"
X Link 2025-10-06T17:40Z [----] followers, [----] engagements

"Reminder that Allan Gray ran the top performing global Fund of the 1990s and early 2000s https://www.forbes.com/consent/ketch/toURL=https://www.forbes.com/global/2001/0820/036.html https://www.forbes.com/consent/ketch/toURL=https://www.forbes.com/global/2001/0820/036.html"
X Link 2025-10-06T23:20Z [----] followers, [---] engagements

"PriceSmart's platinum members has grown 32% annually for the past [--] years from 6.2% to 16.1% penetration. Platinum membership is twice as expensive as their diamond memberships (includes 2% cash back). Cool video comparing PriceSmart in Panama versus Costco. Members selection is similar to Kirkland. No Costco equivalent $1.5 hotdog but shopping looks just as fun https://www.youtube.com/watchv=GFc5LsukbXY https://www.youtube.com/watchv=GFc5LsukbXY"
X Link 2025-10-08T14:23Z [----] followers, [---] engagements

"BIM Despite the currency going from [---] to [--] to the dollar in [--] years BIM has returned 16% in USD terms since going public in [----]. Store growth of nearly 10x (1194 to 13583) in [--] years and a private label business on par (arguably better) than Aldi and Lidl. No matter how harsh the macro is a powerful staples retail story finds ways of outperformance"
X Link 2025-10-08T15:27Z [----] followers, [----] engagements

"Both Japan and the UK aren't the most obvious places to look for growth companies. This is probably why a few of them are still undervalued. A perfect hunting ground for the long-term minded"
X Link 2021-08-26T10:48Z [----] followers, [--] engagements

"An example in Japan - We're all aware of Japan's ageing problem which is the highest in the world. Amvis Holdings makes care homes for the elderly and those with disabilities. Roughly [--] homes in operation and [--] under construction"
X Link 2021-08-26T11:17Z [----] followers, [--] engagements

"@spacanpanman Thanks for sharing $SKIN. I need to check this out ASAP"
X Link 2021-09-04T14:44Z [----] followers, [--] engagements

"In our next gig economy investment case we look at Betterware De Mexico $BWMX the largest homeware direct selling company in Mexico. Thread below Disclosure: Im long $BWMX 1/36"
X Link 2022-01-28T17:28Z [----] followers, [--] engagements

"@ReturnsJourney CareNet MedPeer (expensive) and BayCurrent Consulting could be interesting too"
X Link 2022-04-29T08:14Z [----] followers, [--] engagements

"Among the companies Im invested in $leatt management deserves the most credit. This should have been a difficult quarter given Covid-19 bump but partnerships with bike franchises product expansion and the focus on premium products rather than scale continues to pay off"
X Link 2022-05-12T12:48Z [----] followers, [--] engagements

"If you ever needed a company annual report/presentation to learn about insurance in emerging markets check Bupa Arabia listed in Saudi Arabia. Its like Discovery in SA health insurance market but with more premiums-led growth"
X Link 2022-09-29T14:49Z [----] followers, [--] engagements

"10 years later Greece produced just as many outperformers as Switzerland and Netherlands combined despite being 1/5 of their listed market. Outperformers can sometimes just be very cheap companies i.e. 2x PE ratio or valued below the asset value of a subsidiary 35/68"
X Link 2023-01-03T15:19Z [----] followers, [----] engagements

"We explored a detailed review of distressed equity investing through a case of Hellenic Telecommunications (OTE Group) Greece's leading telecom player and also examined Terna Energy one of the few utility companies that outperformed during the decade. 36/68"
X Link 2023-01-03T15:20Z [----] followers, [----] engagements

"Energy Neste Oyj Turnaround investing Neste was fascinating because it didn't actually grow its revenues during the ten years but its earnings grew 8-fold thanks to its shift from fossil fuels to renewable diesel and its "NEXBTL technology". See income statement. 50/68"
X Link 2023-01-03T15:48Z [----] followers, [----] engagements

"Not a fan of auto retail but Zhongsheng Group in China will grow twice as fast as CarMax double their return on capital for half the multiples (10x P/E) when the cycle turns"
X Link 2023-02-09T20:49Z [----] followers, [----] engagements

"@NiarchosMarcus If you like Mercedes check their key dealership partner in China Zhongsheng Group"
X Link 2023-02-11T20:45Z [----] followers, [---] engagements

"Betterware de Mexico was one of my three big mistakes of [----] could write a whole chapter on this. The investment case only got bailed out by their acquisition of JAFRA Cosmetics. Not a fantastic company but theres value and room for cyclical recovery. Watch out for debt"
X Link 2023-03-04T13:13Z [----] followers, [----] engagements

"Had some time so visited the Bosideng store in London earlier today. Not a fan of the location but theyve done okay with it. Pricing point has improved but still very far off from Moncler. A bit too many discounts and trench coats collection arent woah"
X Link 2023-03-29T11:04Z [----] followers, [----] engagements

"I.e - 30% of all 680+ listed Polish companies are valued below 10x EV/EBIT or a quarter of Polish companies have a return on capital 10%. Found these findings interesting. Any other metrics worth checking before I finalise this"
X Link 2023-04-05T12:12Z [----] followers, [----] engagements

"I have yet to decide but S&P and MSCI are expensive so passing on group [--]. East Money Information looks tempting but so many reports to get through here. The goal is to find a consistent 50%+ EBIT margin 4% dividend yield 23x P/E with growth between 8-13% per year"
X Link 2023-06-10T00:58Z [----] followers, [----] engagements

"Let me know if I left any other company out. (I didn't add Hithink RoyalFlush Information Network due to price [--] months too late). JSE Limited also with 8% dividend yield at 10x P/E. Cheap relative to EM peers like the Philippine Stock Exchange Nigeria's and Jamaica's"
X Link 2023-06-10T01:05Z [----] followers, [----] engagements

"HR and employment services: Teleperformance (France) Wantedlab (South Korea) and TDCX (Singapore) are all trading at 14x P/E. Lots of headwinds for the sector and for the future of outsourcing but I like it long term. Some notes on the three: 1/n"
X Link 2023-06-24T09:42Z [----] followers, [--] engagements

"Betterware de Mexico: I misjudged the Mexican homeware cycle when I shared my investment case earlier in [----] but two good things from latest quarterly report: - EBITDA margins at core Betterware subsidiary is back at above 30% - JAFRA Mexico now performing well. (1/2)"
X Link 2023-08-04T22:38Z [----] followers, [----] engagements

"Reitmans I no longer hold. It was never a long-term investment. Zengame (Chinese gaming) was the most uninvestable which turned out to be the big winner. Kaspi and the rest I still like and hold. Bosideng & Biem performed much better than their peers like Anta & Li Ning"
X Link 2023-12-27T19:20Z [----] followers, [----] engagements

"@GlobalStockPick Yeah so was Anta as well. Generally almost all Chinese retailers get a short report at some point. I think Bosideng have a decent brand theyve made a lot of changes over the past [--] years and continue to raise prices as they expand into higher quality products"
X Link 2023-12-28T10:04Z [----] followers, [---] engagements

"@dariandemetri I own two listed clothing brands Bosideng and Biem.L.Fdlkk. I also like the Baijiu stocks - Kweichow Moutai and Luzhou Laojiao. I owned Zengame last year and Im watching Kangji Medical and Chaoju Eyecare in healthcare"
X Link 2024-01-10T07:25Z [----] followers, [---] engagements

"US Home furnishing: Floor & decor $FND and Installed Building Products $IBP I really like both companies value chains. Both eliminate the need for distributors/brokers/importers and go from manufacturer to customer. Lower prices less headaches for customers time saved"
X Link 2024-04-11T09:01Z [----] followers, [----] engagements

"Celsius Holdings expansion - No opinion on the stock but seen this in all Tesco stores Ive visited here in London over the past [--] weeks. Seems the Pepsi partnership is paying off in their international expansion. 1/2"
X Link 2024-07-30T10:52Z [----] followers, [----] engagements

"@rivaldoisgod Bosideng is a cyclical business and the down jacket market is at peak boom so will account for that in any valuation adjustments"
X Link 2025-02-17T13:06Z [----] followers, [---] engagements

"From CATL's HK listing prospectus. BYD continues to win share from the Korean battery players (LG Panasonic SK & Samsung) while CATL maintained its market leadership. There's a lot of redacted info but seen some cool insights into EV's and energy storage stystem market's"
X Link 2025-02-18T16:54Z [----] followers, [----] engagements

"Enjoyed this podcast on Evolution AB with @Speedwell_LLC and Todd Haushalter. Especially the questions on product offerings OSS and barriers to entry in live casino vs slots and other areas. Great work @Speedwell_LLC https://open.spotify.com/episode/3DD1Bhs9shYdMOuPW33tdYsi=IJTqlKfhTyqAlhox6YJu_w https://open.spotify.com/episode/3DD1Bhs9shYdMOuPW33tdYsi=IJTqlKfhTyqAlhox6YJu_w"
X Link 2025-02-19T00:46Z [----] followers, [---] engagements

"Today [--] years later Lam Research has a bigger market cap than Intel. This is wild when you consider how different things looked back then"
X Link 2025-02-20T11:18Z [----] followers, [---] engagements

"Mexican Airports $ASUR $ASURB Q1 [----] earnings ASUR is the parent group Cancun Puerto Rico and Colombia's 2nd largest airport. Revenue grew 18.2% (13.9% excluding construction revenue) EBIT up 11.4% and NI up 14.1%. Mexican passengers were down -4.8% but a rebound in Puerto Rico and Colombian airport passengers drove growth here. Non-aero revenue up 17% and it's good to see most of the growth coming from the non-Cancun Mexican airports. For example Merida non-aero revenue up 26%. Pesos depreciation versus USD plays a big role to growth here given international flights but this is part of its"
X Link 2025-04-23T19:24Z [----] followers, [----] engagements

"Alpha Group (UK Stocks - $ALPH) Not surprised Corpay have approached Alpha Group. Alpha FX fits in within Corpay's corporate payment division. But glad management rejected the proposal and are doubling down on the long term growth initiatives such as expanding into Singapore and the US to support existing clients. In my opinion shares are no longer "cheap" but interest income in [----] and [----] should support cash generation and new investments. https://fxnewsgroup.com/forex-news/payments/alpha-group-international-receives-acquisition-offer-from-corpay-board-rejects-proposal/"
X Link 2025-05-07T16:02Z [----] followers, [----] engagements

"Mexican airports : $OMAB $ASUR (2/3) Rise of LCCs + investments in terminal expansion eg. $OMA's Monterrey terminal A expansion $ASUR's Cancun airport expansion in runways and capacity for terminal [--] have been growth drivers for both. These growth drivers aren't without their challenges I discuss them as well but it's impressive how steady these were over the past [--] years"
X Link 2025-05-09T13:22Z [----] followers, [---] engagements

"Mexican airports : $OMAB $ASUR (3/3) Finally unit economics. When run well these businesses can be quite profitable and I attempted estimating how much ASUR and OMA make on each passenger (both departing and landing). Note: revenue charges are only applicable to departing passengers"
X Link 2025-05-09T13:28Z [----] followers, [---] engagements

"My deep dive on $OMAB and $ASUR is now available. I explore the investment case for both companies and their path to achieving a potential IRR 15% over the next [--] years. https://open.substack.com/pub/globaloutperformers/p/airports-the-mexican-investment-caser=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/globaloutperformers/p/airports-the-mexican-investment-caser=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true"
X Link 2025-05-14T12:29Z [----] followers, [----] engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing