# ![@dede_eyesan Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1129938162103595008.png) @dede_eyesan Dede Eyesan

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

### Engagements: [---] [#](/creator/twitter::1129938162103595008/interactions)
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- [--] Week [-----] -71%
- [--] Month [------] +161%
- [--] Months [-------] +23%
- [--] Year [-------] +19%

### Mentions: [--] [#](/creator/twitter::1129938162103595008/posts_active)
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- [--] Week [--] -28%
- [--] Month [--] no change
- [--] Months [---] -0.77%
- [--] Year [---] +131%

### Followers: [-----] [#](/creator/twitter::1129938162103595008/followers)
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- [--] Week [-----] -0.05%
- [--] Month [-----] +2%
- [--] Months [-----] +5.40%
- [--] Year [-----] +10%

### CreatorRank: [---------] [#](/creator/twitter::1129938162103595008/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1129938162103595008/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[finance](/list/finance)  47.32% [countries](/list/countries)  33.04% [stocks](/list/stocks)  22.32% [currencies](/list/currencies)  6.25% [fashion brands](/list/fashion-brands)  4.46% [travel destinations](/list/travel-destinations)  3.57% [luxury brands](/list/luxury-brands)  2.68% [technology brands](/list/technology-brands)  2.68% [formula 1](/list/formula-1)  0.89% [automotive brands](/list/automotive-brands)  0.89%

**Social topic influence**
[in the](/topic/in-the) 14.29%, [market](/topic/market) 7.14%, [investment](/topic/investment) 7.14%, [history](/topic/history) 6.25%, [grupo](/topic/grupo) 5.36%, [stocks](/topic/stocks) 5.36%, [business](/topic/business) 5.36%, [growth](/topic/growth) 5.36%, [japan](/topic/japan) 5.36%, [countries](/topic/countries) 4.46%

**Top accounts mentioned or mentioned by**
[@joinyellowbrick](/creator/undefined) [@secrets4stocks](/creator/undefined) [@capytalmgmt](/creator/undefined) [@mateusmgusmao](/creator/undefined) [@strikemarket](/creator/undefined) [@goodinvestingc](/creator/undefined) [@dabao](/creator/undefined) [@mikefritzell](/creator/undefined) [@byron_marino](/creator/undefined) [@dabao_](/creator/undefined)

**Top assets mentioned**
[Ulta Beauty Inc (ULTA)](/topic/$ulta) [GLOBANT S.A. (GLOB)](/topic/globant) [Factset Research Systems, Inc. (FDS)](/topic/$fds) [Federal Agricultural Mortgage Corporation (AGM)](/topic/$agm) [InMode Ltd. Ordinary Shares (INMD)](/topic/$inmd) [TJX Companies, Inc. (TJX)](/topic/$tjx) [Ross Stores, Inc. (ROST)](/topic/$rost) [Morningstar, Inc. (MORN)](/topic/$morn)
### Top Social Posts
Top posts by engagements in the last [--] hours

"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)"  
[X Link](https://x.com/dede_eyesan/status/1890371562898964895)  2025-02-14T12:04Z [----] followers, 11.5K engagements


"Airports of Thailand and Deckers Outdoor were the worst performing large cap stocks globally in H1. Both down -49.2% YTD. Personally I like AOTs moat and feel theres been a bit of an overreaction here. Still prefer the Mexican airports but its one to watch very closely. https://twitter.com/i/web/status/1941018798317855061 https://twitter.com/i/web/status/1941018798317855061"  
[X Link](https://x.com/dede_eyesan/status/1941018798317855061)  2025-07-04T06:18Z [----] followers, [----] engagements


"Reflections on global equities. This year I've deep dived [--] companies (1 left though) and here's how I'd rank them by business quality. Some thoughts An average of 14x P/E at purchase with an average 10% projected 5-year net profits CAGR (I clearly have a strong bias towards mature mid-growth companies). The highest P/Es were TSMC and Alphabet at 20x lowest were Farmer Mac and Grupo Mateus at 9x/10x earnings. ICTSI (by far) was my favourite company to deep dive. Enrique Razon Jr is an exceptional CEO. The worst/hardest was certainly Farmer Mac (a spiderweb of a balance sheet). Latour was the"  
[X Link](https://x.com/dede_eyesan/status/1998357191611359724)  2025-12-09T11:40Z [----] followers, [----] engagements


"I also think Ilson Mateus of Grupo Mateus is exceptional but it will possibly take some time for the market to ever realise this. https://globaloutperformers.substack.com/p/grupo-mateus https://globaloutperformers.substack.com/p/grupo-mateus"  
[X Link](https://x.com/dede_eyesan/status/1998358068925812988)  2025-12-09T11:44Z [----] followers, [---] engagements


"FactSet $FDS My latest deep dive is a 50-page report on FactSet the 5th largest financial market data platform. I discuss its history since the 1970s how it's competed in the consolidating market data industry unit economics growth prospects and a deep dive on its valuation. Available on the Global Outperformers substack. https://twitter.com/i/web/status/2009271264167297189 https://twitter.com/i/web/status/2009271264167297189"  
[X Link](https://x.com/dede_eyesan/status/2009271264167297189)  2026-01-08T14:29Z [----] followers, [----] engagements


"Financial market data & services. From my latest update on $FDS. - A group averaging 30.2% EBIT margins and 28.2% FCF margins. - In my opinion [--] of the [--] highest quality companies in the world are on this list. - The weaker (but good) quality of the bunch (Gartner Factset & Wolters Kluwer) have seen the steepest valuation cuts. - Long-term either of them 15x P/E should be a good deal. - A basket approach mixing the less but good quality names and some higher quality stuff (S&P Global in particular) is a good strategy. My thoughts. https://twitter.com/i/web/status/2019325078907895889"  
[X Link](https://x.com/dede_eyesan/status/2019325078907895889)  2026-02-05T08:19Z [----] followers, [----] engagements


"The factor study reviewed key things like profitability multiples and growth. I was surprised by a few things. In multiples I hadn't realised how "cheap" outperformers needed to be. 50% of the outperformers had an EV/Revenue 1x and 49% had an EV/EBIT 10x in [----]. 6/68"  
[X Link](https://x.com/dede_eyesan/status/1610277427149774848)  2023-01-03T14:10Z [----] followers, 62K engagements


"For [--] years now Tractor Supply hasnt experienced a YoY sales decline and YoY operating earnings only declined twice (1997 and 2017). A [---] bagger since [----] when it was valued at only 4x PE ratio despite growing earnings 11% CAGR in the prior [--] years"  
[X Link](https://x.com/dede_eyesan/status/1618924537030262784)  2023-01-27T10:51Z [----] followers, 67.3K engagements


"I put together [--] companies (4 from each industry) that provide good insights into the health of suppliers consumers businesses and economies via the annual reports transcripts and company blogs. Not investment advice just companies worth following for a global perspective"  
[X Link](https://x.com/anyuser/status/1619472184153620484)  2023-01-28T23:07Z [----] followers, 34.7K engagements


"Ulta Beauty $Ulta has only fallen below 15x forward P/E [--] times since going public in 2007: - December [----] (GFC) - March [----] (Covid-19) - Today Yes long term growth has certainly slowed (+20% per 2018) and Sephora is killing it but this is still a high quality stalwart"  
[X Link](https://x.com/dede_eyesan/status/1712161039058383233)  2023-10-11T17:39Z [----] followers, 43.4K engagements


"#GMAT3 Image from Grupo Mateus latest cash & carry opening in Bahia. 1st store in the Bahia capital Salvador - taking on Assa and Atacado (and regional player Atakado) in the most competitive market in NE Brazil. Certainly been a very challenging month (write up later today) but long term opportunity still looks good. https://twitter.com/i/web/status/1996144113821909334 https://twitter.com/i/web/status/1996144113821909334"  
[X Link](https://x.com/dede_eyesan/status/1996144113821909334)  2025-12-03T09:06Z [----] followers, [----] engagements


"Moat wise Ross Stores and TJX are one of a kind in retail. Michael Burrys Ross Stores( $ROST) write up in [----] https://t.co/EipJ8RSGL2 Michael Burrys Ross Stores( $ROST) write up in [----] https://t.co/EipJ8RSGL2"  
[X Link](https://x.com/dede_eyesan/status/1996495353592549800)  2025-12-04T08:22Z [----] followers, [----] engagements


"Farmer Mac - $AGM $AGM Tomorrow I'll publish my 15000-word (55-page) deep dive into Farmer Mac a U.S. GSE dedicated to lowering the borrowing cost of loans in the farming and rural utilities industries. I discuss its history past missteps near failure during the financial crisis its balance sheet the growing rural utilities portfolio key risks such as delinquencies asset-liability mismatch and a detailed valuation approach. You can receive the deep dive straight to your inbox by signing up on Global Outperformers newsletter by Jenga Investment Partners."  
[X Link](https://x.com/dede_eyesan/status/1998057859897004289)  2025-12-08T15:51Z [----] followers, [----] engagements


"@capytalmgmt You werent alone here The 1/3 of net cash was too tempting. Was certainly a bunch of lies in the end"  
[X Link](https://x.com/dede_eyesan/status/2019399084906278990)  2026-02-05T13:13Z [----] followers, [---] engagements


"Equities. I had a call with @mateusm_gusmao earlier today. He's [--] just started university and I was blown away by his level of research. We had mutual interest in Grupo Mateus #GMAT3 and he's done a lot of research here. Do give him a follow if you're interested in Brazilian equities https://twitter.com/i/web/status/1998855009505534102 https://twitter.com/i/web/status/1998855009505534102"  
[X Link](https://x.com/dede_eyesan/status/1998855009505534102)  2025-12-10T20:39Z [----] followers, [----] engagements


"Airports of Thailand In the history of listed airports I don't think any other airport has fallen by -50% (Jan-June) and seen a +100% gain (June - Dec) in the same year (maybe CAA in 2020) Regrettably I stayed but as I've learned it pays to pay attention when a very high moat company gets cut in half in months. Airports of Thailand and Deckers Outdoor were the worst performing large cap stocks globally in H1. Both down -49.2% YTD. Personally I like AOTs moat and feel theres been a bit of an overreaction here. Still prefer the Mexican airports but its one to watch very https://t.co/kfSWHvzR4i"  
[X Link](https://x.com/dede_eyesan/status/1998859149933965540)  2025-12-10T20:55Z [----] followers, [----] engagements


"Apologies again for calling Greece EM wasnt familiar with your game 😅😅 but the performance of both Greece and Mexico especially in USD terms was quite good in [----] 80% and 50% respectively (MSCI). The rally this year was really needed proving theres still some role for international investing. For [----] I dont have any clear country bets. Commodity (gold) and banks rally means one might have to be pickier with individual investments. Will revisit this in [--] weeks. Mexico and Greece are two EM countries that look undervalued with some high quality companies. Both have airports Coke bottlers"  
[X Link](https://x.com/dede_eyesan/status/2005817591047053722)  2025-12-30T01:45Z [----] followers, [----] engagements


"FactSet $FDS One of the most fun & insightful parts of the FactSet deep dive was speaking to customers of them and their competitors. I created this table that compares FactSet with Bloomberg LSEG and Morningstar from customer insights (1/2)"  
[X Link](https://x.com/dede_eyesan/status/2013563249665462372)  2026-01-20T10:44Z [----] followers, [----] engagements


"Global Transport Infrastructure Since my deep dive on the industry last year June Nigeria's airport service companies NAHCO (+85%) and SAHCO (+182%) have continued to be the golden geese of the global industry. Transport infrastructure is one of those rare industries where frontier and emerging markets offer more potential (in USD terms) than developed markets"  
[X Link](https://x.com/dede_eyesan/status/2021184153803252196)  2026-02-10T11:27Z [----] followers, [---] engagements


"Last year I published a book titled Global Outperformers where I studied listed companies that returned more than 1000% in [--] years. There are four parts to our study and I will share a thread below sharing somethings our book explores about global equity investing. 1/68"  
[X Link](https://x.com/dede_eyesan/status/1610274243551297540)  2023-01-03T13:57Z [----] followers, 673.1K engagements


"$Ulta - Sephora has more premium brands but there's some advantages in the lower-end focus. Currently 14x P/E now but should be around 21x. [--] new stores annually + ticket should see revenue increase 5-6% per year. + $4 bill worth of shares repurchased over the next [--] years"  
[X Link](https://x.com/dede_eyesan/status/1793695642180846003)  2024-05-23T17:29Z [----] followers, 20.9K engagements


"Morningstar $MORN Morningstar paid $225 million for Pitchbook in [----]. Last year it made $186.4 million in EBIT. This year its on track to grow by 14% and will likely surpass the purchae price in its [----] EBIT [--] years later. Meaning Morningstar paid 1x 10-year forward P/E In all seriousness using a 20x P/EBIT multiple thats a $4.8 billion valuation by [----]. A 20-bagger in [--] years. PitchBook also makes more than DBRE Morningstar wealth & retirement combined. Surely this goes down as one of the best acquisitions in financials. From [----] users to [------] users in [--] years."  
[X Link](https://x.com/dede_eyesan/status/1999588403906773437)  2025-12-12T21:13Z [----] followers, 23.4K engagements


"https://open.substack.com/pub/globaloutperformers/p/factset-research-systemr=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true https://open.substack.com/pub/globaloutperformers/p/factset-research-systemr=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true"  
[X Link](https://x.com/dede_eyesan/status/2009271315325178270)  2026-01-08T14:29Z [----] followers, [---] engagements


"Can read the article here https://open.substack.com/pub/globaloutperformers/p/factset-research-systemsr=8iqxl&utm_medium=ios&shareImageVariant=overlay https://open.substack.com/pub/globaloutperformers/p/factset-research-systemsr=8iqxl&utm_medium=ios&shareImageVariant=overlay"  
[X Link](https://x.com/dede_eyesan/status/2019325222206242993)  2026-02-05T08:20Z [----] followers, [----] engagements


"$ULTA - shares up 85% since here nearly [--] years ago and all the returns were driven by multiples expansion (14x - 27x P/E). Yes multiples are ahead of itself but not every investment case requires fast earnings growth. Sometimes the business just needs to prove resilient in the face of threats and disruption. I think some financial market data & info services are here today. Wolters Kluwer FactSet Morningstar Experian and Euronext. Maybe HR SaaS too (Paycom). The key difference with Ulta is that its physical assets (stores) makes the barriers to entry and downside protection more tangible and"  
[X Link](https://x.com/dede_eyesan/status/2021152669251871170)  2026-02-10T09:22Z [----] followers, [----] engagements


"https://globaloutperformers.substack.com/p/transport-infrastructure-final-reflections https://globaloutperformers.substack.com/p/transport-infrastructure-final-reflections"  
[X Link](https://x.com/dede_eyesan/status/2021184194487996501)  2026-02-10T11:27Z [----] followers, [---] engagements


"Kaspi Q2 notes: Lots of progress here. Postomats lockers now 35% of deliveries from 12% last year. E-Grocery launched last year is already net income profitable representing 5% of e-commerce GMV. Juma was amazing. Delinquency rate at 2.4% B2B payments leading growth"  
[X Link](https://x.com/anyuser/status/1686043531649982469)  2023-07-31T15:57Z [----] followers, 10.6K engagements


"Taiwan healthcare (eye care): Currently going through Universal Vision Biotechnology listed in Taiwan (TPEX: 3218) and everything about their reporting is impressive Just look at the level of detail in their [----] annual report industry overview section below:"  
[X Link](https://x.com/dede_eyesan/status/1687573383838384128)  2023-08-04T21:17Z [----] followers, 15.9K engagements


"LVMH fun fact: LVMH is currently hovering 20x forward P/E again. Its happened [--] times since 2016: - Dec [----] - April [----] - June [----] - Dec [----] In each period after falling below 20x P/E shares rose 20% in the following month or two. Lets see if this happens again"  
[X Link](https://x.com/anyuser/status/1701974600093954277)  2023-09-13T15:02Z [----] followers, 104.4K engagements


"Fun fact: The [--] Greek IT companies has been the best performing IT region. Quest Holdings Epsilon Ideal Holdings Entersoft Profile Systems & Software and Performance Technologies. An equally weighted portfolio of all [--] companies has annualised 61% over the past [--] years"  
[X Link](https://x.com/anyuser/status/1707422242043224384)  2023-09-28T15:49Z [----] followers, 20.7K engagements


"Carlos Slim was also a student of Benjamin Graham and credited him in a few interviews for shaping his investment approach. Before private equity he was one of the first EM Value investing with operational impact investors. Thread on some of his best investments. 1/x"  
[X Link](https://x.com/dede_eyesan/status/1711341533708845424)  2023-10-09T11:23Z [----] followers, 268.7K engagements


"Apple Inc In [----] Carlos Slim paid $17 per share and owned 3% of Apple days before Steve Jobs returned and within [--] months its shares soared to $100 per share. This was an unusual move for him as hed historically invested in Mexico (mainly industrials and telecom) 2/x"  
[X Link](https://x.com/dede_eyesan/status/1711342701080150477)  2023-10-09T11:27Z [----] followers, [----] engagements


"While it was a good decision to then sell given the tech bubble bust [--] years later had Carlos Slim kept his then 3% stake in Apple and reinvested future dividends his stake would be worth $150 billion Almost twice his current net worth In investing you cant win everything"  
[X Link](https://x.com/anyuser/status/1711344052681965686)  2023-10-09T11:33Z [----] followers, [----] engagements


"If you want to learn more about Carlos Slim heres some resources: - Documentary (in Spanish) - Best interview online - most recent interview he talks about civilisation semiconductors family etc. https://youtu.be/w_bXwr-lb8Isi=jyIdU8RE4z7YMu7m https://www.youtube.com/watchv=9tRLKs9YJlk&t=1406s https://youtu.be/w_bXwr-lb8Isi=jyIdU8RE4z7YMu7m https://www.youtube.com/watchv=9tRLKs9YJlk&t=1406s"  
[X Link](https://x.com/anyuser/status/1711365984664109168)  2023-10-09T13:00Z [----] followers, [----] engagements


"I have been studying the eye care/ophthalmic/contact lens markets and some listed companies lately. Pegavision which is listed in Taiwan has a really good breakdown of the contact lens market in its annual report"  
[X Link](https://x.com/anyuser/status/1712521802239336810)  2023-10-12T17:33Z [----] followers, [----] engagements


"$INMD my thoughts Buyback addiction is a big mistake in the cyclical medical aesthetics industry. Case study - Cutera Cutera like InMode had a debt-free balance sheet for many years 1998-2019. In [----] after it failed to recover post-GFC management started buybacks.1/x"  
[X Link](https://x.com/anyuser/status/1720469520563818660)  2023-11-03T15:54Z [----] followers, 19K engagements


"Security Analysis (7th edition) Really enjoyed the introductions by Todd Combs on finding value in common stocks and the Route One IC team on international investing. Thought to share a couple pages below"  
[X Link](https://x.com/anyuser/status/1721679305485300086)  2023-11-07T00:01Z [----] followers, [----] engagements


"Medical aesthetics $INMD competitor Classys listed in South Korea. Q3 revenue up 45% and operating profit up 41% with 51% EBIT margins. Ultraformer III continues to perform well and strong export sales to Brazil and Thailand. Consumables 43% of total revenue"  
[X Link](https://x.com/dede_eyesan/status/1722235468379824191)  2023-11-08T12:51Z [----] followers, 11.6K engagements


"Lessons on paying for quality: [----] - Herms was valued at 60x P/E twice as high as LVMH (29x P/E) Despite the high multiple Herms shares returned 97-fold (22% CAGR) to [----] compared to LVMH's 17-fold (12% CAGR). Its performance was mainly via earnings growth (20% CAGR)"  
[X Link](https://x.com/dede_eyesan/status/1726920068330836031)  2023-11-21T11:06Z [----] followers, 124.5K engagements


"Lessons on paying for quality (2): Kweichow Moutai went public in [----] at 40x P/E twice as expensive as Diageo (20x P/E). In the following [--] years Moutai returned 210x (29% CAGR) while Diageo returned 3x (7% CAGR). Moutai earnings grew 26% CAGR during that period"  
[X Link](https://x.com/anyuser/status/1726925588084986066)  2023-11-21T11:28Z [----] followers, 28.4K engagements


"Mercedes F1 The turnaround by Toto Wolff is a case study in sports investing. Between [----] and [----] revenue has grown 15% CAGR while EBIT margins improved from -26% (losses) to 24% (high profit margins). Net assets grew 15.6% CAGR during the [--] years Income statement"  
[X Link](https://x.com/dede_eyesan/status/1728514054694592606)  2023-11-25T20:40Z [----] followers, 38.6K engagements


"I always wondered why I felt its necessary I publish my research publicly. Then I met another solo manager who mentioned its like academic reports and peer review in the education world. Theres just so much benefit in feedback from others (at least in your first [--] years)"  
[X Link](https://x.com/anyuser/status/1734878239556825131)  2023-12-13T10:09Z [----] followers, [----] engagements


"For accountability performance of [----] stock picks: Zengame +238% Huisen Household -49% Bosideng -7% Reitmans +10% Biem.L.F.dlkk +18% Kaspi +31% Evolution AB +14% Equally weighted average of +36% Looking back Id have invested in all again except Huisen (avoid frauds) 1/2 I had a great discussion with @strike_market and shared my views on the Chinese and global consumer space. My stock picks in China were (Zengame Huisen Households Biem and Bosideng) and other ideas beyond China including Reitmans Canada Kaspi and Evolution Gaming. https://t.co/Xmtcdx1owY I had a great discussion with"  
[X Link](https://x.com/dede_eyesan/status/1740089315969912853)  2023-12-27T19:16Z [----] followers, 23.5K engagements


"My industry pick of [----] was IT Services. An equally weighted portfolio of all [--] IT service companies below returned +48% in [----] The big winners were Ksolves (India) and Edarat (Saudi Arabia). IT services dont get much coverage as most companies are small and outside the US IT Services Global: US: Perficient Globant Middle East: Arabian Internet Edarat CEE: SPAN Spyrosoft Europe: Reply Gofore Singular People Generic Sweden Bouvet Japan: System Support JFE Systems India: Ksolves Coforge [--] IT services worth looking. Will update this. IT Services Global: US: Perficient Globant Middle East:"  
[X Link](https://x.com/anyuser/status/1740573173459116506)  2023-12-29T03:19Z [----] followers, 12.7K engagements


"Kaspi - New prospectus "Being in Kazakhstan we do not have the luxury of being able to rely on private equity or venture capital money to fund our operations and growth. Weve always had to stand on our own two feet. This meant growth and profitability from the beginning.""  
[X Link](https://x.com/anyuser/status/1740697171819688363)  2023-12-29T11:32Z [----] followers, 10.8K engagements


"Among the [--] largest globally listed companies only [--] are down -25% over the past [--] years: - Tencent (China) - Kweichow Moutai (China) - ICBC (China) Among the top [---] only [--] are down -50% - Alibaba (China) - Ping An (China) - Wuliangye (China) Sentiment"  
[X Link](https://x.com/dede_eyesan/status/1744407395516784800)  2024-01-08T17:15Z [----] followers, 12K engagements


"Chinese Equities pessimism- Some high-quality Chinese companies and their EV/EBIT (1 yr forward 10-year low and all-time low) multiples. What makes current market conditions different is the pessimism isn't isolated to one specific industry it's a lot broader this time. 1/3"  
[X Link](https://x.com/dede_eyesan/status/1744839474750611506)  2024-01-09T21:52Z [----] followers, 46.9K engagements


"M3 Japan - No company teaches you the beauty of compounding and the price of overpaying as much as M3. Shares never really traded cheaply. Since going public in [----] they've only ever fallen 30x earnings on [--] occasions; - May [----] Dec [----] and last month 1/2"  
[X Link](https://x.com/anyuser/status/1745911927321076012)  2024-01-12T20:53Z [----] followers, [----] engagements


"Depths of markets - Elan Corp (Japan) Elan Corp delivered 22% CAGR for shareholders over the past [--] years. While listed under healthcare Elan has nothing to do with drugs or biotech. They simply provide hospital patients with bedding and pyjamas sets during their stay. 1/4"  
[X Link](https://x.com/anyuser/status/1747997409370685884)  2024-01-18T15:00Z [----] followers, 14.5K engagements


"Chinese stock market - One factor often ignored in the market drawdown has been how high the bubble reached at end of [----]. Table below I explored [--] very high-quality Chinese consumer-oriented names and compared their PE ratio in [--] v [--]. (From Jenga Q4 letter)"  
[X Link](https://x.com/anyuser/status/1750059771590226133)  2024-01-24T07:35Z [----] followers, 10.1K engagements


"An equally weighted portfolio of Kazakhstan's largest banks gained +76% (divi included) in the past year (USD) bringing its 5-year total return to 234% (27% CAGR). Kaspi gets most of the attention but CenterCredit has been a 6x over the past [--] years currently 2x P/E. Among the [--] listed Kazakhstan stocks [--] are banks; ForteBank Bank CenterCredit Halyk. An equally weighted portfolio of all [--] would have annualised 23% over the past [--] years. During the [--] yrs non performing loans/ total loans declined by half return on assets doubled. 1/3 Among the [--] listed Kazakhstan stocks [--] are banks;"  
[X Link](https://x.com/anyuser/status/1770500167558426819)  2024-03-20T17:18Z [----] followers, 17K engagements


"Growing up in Lagos I never thought Id get the opportunity to be in Omaha for the Berkshire conference. Had a great time here got to meet some heroes learn so much and connect with amazing people. Thank you to @goodinvestingc for organising a fantastic community"  
[X Link](https://x.com/dede_eyesan/status/1787074842669592892)  2024-05-05T11:00Z [----] followers, 12.1K engagements


"IT Services: The forward P/E multiple compression between May [----] - May 2024: - Kainos (40x to 22x) - Globant (63x to 26x) - EPAM (63x to 18x) - Endava (57x to 18x) - Reply (30x to 23x) - Netcompany (48x to 25x) - Coforge (37x to 28x) 1/2"  
[X Link](https://x.com/anyuser/status/1792558779088695356)  2024-05-20T14:11Z [----] followers, 32.9K engagements


"Japanese quality-growth: Valuations are still broadly punchy but they've come down quite a bit over the past year. Another one to look at is AZoom (TSE: 3496) in car parking services. AZoom was once valued at 60x P/E but is now at 23x forward earnings or 15x EV/EBIT"  
[X Link](https://x.com/dede_eyesan/status/1796542240095125917)  2024-05-31T14:00Z [----] followers, [----] engagements


"Kazakhstan Stock Exchange KSE: KASE Even more impressive than both Halyk Bank and Kaspi is KASE which has compounded rev (54%) and net income (77%) CAGR over the past [--] yrs. It's been an 11-bagger (USD) over the past [--] years but still has twice its market cap in cash. No debt"  
[X Link](https://x.com/anyuser/status/1800478361090941085)  2024-06-11T10:41Z [----] followers, 34.6K engagements


"Banking sector: Of the [---] banks with a market cap above $1 bn only [--] have an ROE 20% and ROA 4%. Excluding those in hyperinflationary environments only 6: Halyk (Kazakh) Kaspi (Kazakh) Capitec (South Africa) Mashreqbank (UAE) CIB (Egypt) Bank of Georgia (Georgia)"  
[X Link](https://x.com/anyuser/status/1801212402135941384)  2024-06-13T11:17Z [----] followers, [----] engagements


"Texas listed stocks: A portfolio of the three Texas stocks (Texas Roadhouse Texas Instruments and Texas Land Pacific) has compounded 18% CAGR in the past [--] [--] and [--] years Only just started learning more about Texas Roadhouse but all [--] are fantastic businesses"  
[X Link](https://x.com/anyuser/status/1802722457721196566)  2024-06-17T15:18Z [----] followers, [----] engagements


"Quality consumer staples: L'Oreal v Kweichow Moutai L'Oreal (26x EV/EBIT) now trades at 2x Moutai's (13x EV/EBIT). Despite Moutai (66%) having 3x higher EBIT margin than L'Oreal (20%) 2x higher return on capital and growing earnings twice as fast. Moutai is also debt free"  
[X Link](https://x.com/anyuser/status/1810250206413295634)  2024-07-08T09:50Z [----] followers, 15.8K engagements


"From the Jenga Q2 Letter - I explored what Warren Buffett meant by 'Triple Dips' - a term he used during a [----] interview on Freddie Mac's investment case. In the table below I looked into some key metrics of Buffett's classic investments. Few things stood out 1/x"  
[X Link](https://x.com/anyuser/status/1818024177321795924)  2024-07-29T20:41Z [----] followers, 40.9K engagements


"Kweichow Moutai Q2 '24 Lots of fears but Moutai still managed to grow its revenue by 17.3% and EBIT by 15.8%. EPS up 16%. Growth slowing but wholesale prices have now stabilised. Net income margin ended at 48.8%. Still on track for guided 15% revenue growth. 19x forward P/E"  
[X Link](https://x.com/dede_eyesan/status/1823045815843148255)  2024-08-12T17:16Z [----] followers, [----] engagements


"Not so surprised on Ted's (Berkshire) stake in Ulta Beauty. Over the next [--] years: - Earnings grow @ 4.6% CAGR = 25% - Share buybacks @ $1bn per year (6% yield) = 33.8% - Multiple revaluation from 12.8x to 19x in FY [----] = 48% Potential upside of 106.8% to FY [----] (15-16% IRR) $Ulta - Sephora has more premium brands but there's some advantages in the lower-end focus. Currently 14x P/E now but should be around 21x. [--] new stores annually + ticket should see revenue increase 5-6% per year. + $4 bill worth of shares repurchased over the next [--] years. $Ulta - Sephora has more premium brands but"  
[X Link](https://x.com/anyuser/status/1824050679599575278)  2024-08-15T11:49Z [----] followers, [----] engagements


"Global Consumer dis: There's a lot of weakness and poor sentiment across the sector. Some examples: European Auto: Stellantis Porsche BMW Boats: Malibu boats Trigano Luxury/premium: Kering Burberry LVMH Cosmetics: Ulta Estee Lauder 1/x"  
[X Link](https://x.com/anyuser/status/1824055625967391155)  2024-08-15T12:08Z [----] followers, [----] engagements


"And more eg. Discount retail: Five Below Dollar General US apparel: Nike Lululemon Chinese apparel: Anta Sports Li Ning Chinese auto retail: Zhongsheng Meidong auto (the worst) Leisure: anything bicycle related Golfzon Casino related: Las Vegas Sands Evolution AB 2/x"  
[X Link](https://x.com/dede_eyesan/status/1824057510136819875)  2024-08-15T12:16Z [----] followers, [---] engagements


"Greece Equities : Just finished a tour of some Greek-listed companies. Jumbo Athens Airport Metlen Optima Bank and OPAP. High-quality companies and I was really impressed with the management at each. Will share my notes. Off to Bulgaria next"  
[X Link](https://x.com/anyuser/status/1847571953852297717)  2024-10-19T09:34Z [----] followers, 17K engagements


"Bulgarian equities Rounding up some company visits - Shelly Group Speedy AD Bulgarian Stock Exchange Smart Organic and Telematic Interactive. Some have really impressive profitable growth plans in DACH region and Romania"  
[X Link](https://x.com/dede_eyesan/status/1849375502328381852)  2024-10-24T09:00Z [----] followers, [----] engagements


"My Mexican airports investment memo summary in the link below $OMA.B and $ASR. https://jengaip.com/mexican-airports-a-short-investment-memo/ https://jengaip.com/mexican-airports-a-short-investment-memo/"  
[X Link](https://x.com/dede_eyesan/status/1885679023746920537)  2025-02-01T13:18Z [----] followers, 11.3K engagements


"Recently read Kings On the Catwalk and will write a 1-page summary soon. Super insightful into Arnaults acquisition of Boussac (Dior $CDI) the merger of Louis Vuitton and Moet & Hennessy $LVMH the difficulties of M&A and some history of alcoholic bev. and luxury industries"  
[X Link](https://x.com/dede_eyesan/status/1888902363722707135)  2025-02-10T10:46Z [----] followers, [----] engagements


"Interesting fact - only three companies have crossed the $100 billion net income mark: Aramco Alphabet and Berkshire Hathaway. I'm not sure which is more impressive between Alphabet getting there before Microsoft and Apple (and [--] years) or Buffett with insurance +investing"  
[X Link](https://x.com/anyuser/status/1891242515853898080)  2025-02-16T21:45Z [----] followers, [----] engagements


"International Container Terminals (ICT) $PSEICT Lately I've become more interested in Industrial Infrastructure assets especially those in EM countries. ICT listed in Philippines has "quietly" been a 100-bagger in USD terms over the past [--] years. 1/3"  
[X Link](https://x.com/anyuser/status/1894048559806246962)  2025-02-24T15:35Z [----] followers, [----] engagements


"Kaspi $KSPI now has as many lockers (8000+) as InPost $INPST has in the UK despite Kazakhstan being less than 1/3 of the UK's population. Both good businesses but think this shows the execution of Kaspi in e-com and potential for InPost in the UK. From Kaspi Q4 [----] report"  
[X Link](https://x.com/dede_eyesan/status/1895503118256972221)  2025-02-28T15:55Z [----] followers, [----] engagements


"Airports of Thailand (AOT) - Valuations were high but seeing AOT down -30% YTD wasn't something I thought could happen. Among all the Airport stocks I think AOT probably has the highest moat in the world and deserves somewhere between 20-23x earnings. One to watch"  
[X Link](https://x.com/anyuser/status/1897306233079783561)  2025-03-05T15:20Z [----] followers, 10.6K engagements


"Global staples retailers - Grupo Mateus $GMAT3 Any Brazilian equities investors know why Grupo Mateus has gone from 21x to 9x earnings while revenue and profits have doubled in [--] years"  
[X Link](https://x.com/dede_eyesan/status/1904579848305058223)  2025-03-25T17:03Z [----] followers, [----] engagements


"The first part of my airports deep dive is now available on the Global Outperformers newsletter. Airports have several attributes of quality companies but yet remain under appreciated by markets. Read why"  
[X Link](https://x.com/dede_eyesan/status/1907852989030654024)  2025-04-03T17:49Z [----] followers, [----] engagements


"Airports deep dive - These are [--] of the [--] listed airport groups ranked my how I view them from a quality perspective based on ten attributes. Flughafen Wien in Austria ranks number [--] - the only debt-free airport owner with nearly 90% market share in Austria. 1/2"  
[X Link](https://x.com/dede_eyesan/status/1908124221466657202)  2025-04-04T11:47Z [----] followers, [----] engagements


"Mexican airports : $OMAB $ASUR (1/3) From part [--] of our 15k words deep dive I'll be publishing next week. The rise of low cost carriers (LCCs) like Volaris in Mexico have increased the cost advantages of flying relative to driving or coaches. Tickets can even be less than 1/4 the stated prices in the table below if booked early enough Today LCC's have 70% of the domestic Mexican airline market which has been a growth driver for passenger volumes growth. OMA for example has experienced a 7.3% CAGR in total passengers over the past [--] years while ASUR at 9.16% CAGR."  
[X Link](https://x.com/anyuser/status/1920828761802440773)  2025-05-09T13:10Z [----] followers, [----] engagements


"Staples retailing is one of the most underrated yet high moat industries in emerging markets. While staples retailing is very challenging with razor thin margins and heavy capital requirements its also incredibly hard to replicate. The barriers to success are quite high and requires a unique culture to succeed that not many businesses can replicate. Below is a table showcasing [--] standout staples retailers from various emerging markets highlighting their EBIT CAGR and share price returns since going public"  
[X Link](https://x.com/dede_eyesan/status/1923349409867112598)  2025-05-16T12:06Z [----] followers, [----] engagements


"I'm currently writing about a company I view as among the highest quality and moat companies out there across all emerging markets. Hint 1: It's actively operated in Iraq Syria Nigeria Pakistan Brunei Sudan DR Congo in the past [--] years. Some big wins some big losses in these countries. Hint 2: (picture below). Any guesses"  
[X Link](https://x.com/dede_eyesan/status/1927724652345884837)  2025-05-28T13:52Z [----] followers, [----] engagements


"Freddie Fannie Farmer & Sallie - The [--] Mac and Mae's siblings GSE's Mid last year I fell into the GSE rabbit hole some notes I made on Farmer Mac $AGM during that process. I concluded it was probably better to own a basket of all four but Sallie of course the most problematic of all [--]. 1/2 https://twitter.com/i/web/status/1928483352002097292 https://twitter.com/i/web/status/1928483352002097292"  
[X Link](https://x.com/dede_eyesan/status/1928483352002097292)  2025-05-30T16:07Z [----] followers, [----] engagements


"Industrial distributors - MonotaRO (TSE: 3064) subsidiary of W.W Grainger is my favourite Japanese company I've ever come across so far. I don't own it as it's hard to justify 52x earnings but highly recommend if you enjoy learning from past successes. 73-bagger (+ dividends) since going public in [----] (26% CAGR)"  
[X Link](https://x.com/dede_eyesan/status/1929886671371145559)  2025-06-03T13:03Z [----] followers, [----] engagements


"International Container Terminal - In my latest deep dive I discuss the investment case for ICTSI a port operator with [--] terminals in [--] countries. I explore its history the Philippines economy ICTSI's business economics growth prospects and potential risks. https://globaloutperformers.substack.com/p/international-container-terminalsr=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false https://globaloutperformers.substack.com/p/international-container-terminalsr=8iqxl&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false"  
[X Link](https://x.com/dede_eyesan/status/1933209360685031483)  2025-06-12T17:06Z [----] followers, [----] engagements


"Bosideng FY [----] Results ✅ - Revenue up 11.6% and EBIT up 15% with EBIT margins of 19.8% (15-year high). Valuations ✅ - 13.8x trailing P/E (12x forward) and a 6% dividend yield. Store growth - First time in years we've seen store growth up 7.9% to [----] stores across brands. OEM business recovered well but ladieswear division continues to struggle with revenue down -20%. Balance sheet remains solid net cash position is 25% of its market cap (0.3 total debt/EBITDA). 8th consecutive year of double-digit earnings growth the only listed major Chinese apparel company to achieve this."  
[X Link](https://x.com/dede_eyesan/status/1939701143468482812)  2025-06-30T15:02Z [----] followers, [----] engagements


"Using AI agents in investment research - I asked ChatGPT to create an investment committee meeting for my ICTSI pitch between myself Chris Hohn Warren Buffett Charlie Munger Peter Lynch and a made up risk officer on $ICTSI. I know this is a basic prompt but thought the feedback was quite helpful especially as a single manager. Here's feedback from GPT assuming its Peter Lynch and Charlie Munger (1/2) https://twitter.com/i/web/status/1940386615047664120 https://twitter.com/i/web/status/1940386615047664120"  
[X Link](https://x.com/dede_eyesan/status/1940386615047664120)  2025-07-02T12:26Z [----] followers, [----] engagements


"International Container Terminal $ICTSI - Port operator Q2 [----] Revenue +11.9% (ports volume up +9% while yield increased +3%) EBIT +11.4% Net income +16% EBIT margin 54.2% Net debt/EBITDA marginally decreased from 1.8x to 1.7x YoY. A record high volume with [---] million TEUs for the quarter. By geography - Asia was particularly strong growing revenues +20% for the quarter driven by Australia and the Philippines volume gains. - After an explosive [----] its Americas (mainly Brazil and Mexico) region experienced some pricing pressure as revenue slowed to +5% while its volume increased 18%. KPIs -"  
[X Link](https://x.com/dede_eyesan/status/1953005354561815026)  2025-08-06T08:08Z [----] followers, [----] engagements


"- August deep dive Looking forward to sharing my next company deep dive on Global Outperformers. Hint: It's Greek but recently gained British nationality. Any guesses"  
[X Link](https://x.com/dede_eyesan/status/1953413183680512081)  2025-08-07T11:09Z [----] followers, [----] engagements


"Metlen Energy & Metals $MTLN $MYTIL.AT A deep dive on a Greek Industrial champion and soon to be a FTSE [---] company. https://globaloutperformers.substack.com/p/metlen-energy-and-metals https://globaloutperformers.substack.com/p/metlen-energy-and-metals"  
[X Link](https://x.com/dede_eyesan/status/1963275519845073156)  2025-09-03T16:18Z [----] followers, [----] engagements


"My deep dive on Latour a Swedish Industrial conglomerate is now available $LATO https://globaloutperformers.substack.com/p/investment-ab-latour Next deep dive🤔: Sweden A hammer 🔨 A door lock 🔒 HVAC and cooling ♨ Still on the European industrials theme. Any guesses https://t.co/glvZ63HOJh https://globaloutperformers.substack.com/p/investment-ab-latour Next deep dive🤔: Sweden A hammer 🔨 A door lock 🔒 HVAC and cooling ♨ Still on the European industrials theme. Any guesses https://t.co/glvZ63HOJh"  
[X Link](https://x.com/dede_eyesan/status/1973103119052529752)  2025-09-30T19:10Z [----] followers, [----] engagements


"A part time role but a big move for Bosideng https://www.businessoffashion.com/news/global-markets/chinese-giant-bosideng-taps-kim-jones-ex-dior-fendi-creative-director-for-new-subbrand-global-growth/ https://www.businessoffashion.com/news/global-markets/chinese-giant-bosideng-taps-kim-jones-ex-dior-fendi-creative-director-for-new-subbrand-global-growth/"  
[X Link](https://x.com/dede_eyesan/status/1980769766043447593)  2025-10-21T22:54Z [----] followers, [---] engagements


"- Grupo Mateus Currently working on a deep dive into Grupo Mateus and its founder story Ilson Mateus. It's one of the most impressive entrepreneurship stories I've come across in public markets. - Born in one of the poorest states of Brazil. - Lost his dad at age [--]. - Only finished elementary school dropped out to contribute some income for his family. - Worked in many odd jobs - bootblacking gold digging sweet vendor etc. - Tried his hand in food distribution failed twice and went bankrupt. - Finally found some success in a [--] square metre grocery store which later became Grupo Mateus in"  
[X Link](https://x.com/dede_eyesan/status/1985364901959733492)  2025-11-03T15:14Z [----] followers, [----] engagements


"$ICTSI International Container Terminal Another good quarter from my favorite emerging market company. Pricing per TEU 6% TEU volume growth 12% EBITDA margins higher (67%) Further improvement in berth utilisation Net debt down to 1.4x Revenue up 20% EBITDA up 26% net income up 26%. Predictable durable and high quality earnings. Strong moat and managenent team growing earnings. 18x forward earnings. https://twitter.com/i/web/status/1986612820725686527 https://twitter.com/i/web/status/1986612820725686527"  
[X Link](https://x.com/dede_eyesan/status/1986612820725686527)  2025-11-07T01:53Z [----] followers, [----] engagements


"My deep dive on ICTSI here. https://globaloutperformers.substack.com/p/international-container-terminals https://globaloutperformers.substack.com/p/international-container-terminals"  
[X Link](https://x.com/dede_eyesan/status/1986613305654583634)  2025-11-07T01:54Z [----] followers, [---] engagements


"Grupo Mateus How high can grocery retailers go The simple answer. Market leaders domestic revenue averages around 2-3% as a % of GDP in most economies. Grupo Mateus isn't even yet 2% of the GDP of north & northeast Brazil. Multi-format retailers like Shoprite can often grow deeper and Grupo Mateus fits here. Next the more complex answer. 1/2 https://twitter.com/i/web/status/1988220965235343808 https://twitter.com/i/web/status/1988220965235343808"  
[X Link](https://x.com/dede_eyesan/status/1988220965235343808)  2025-11-11T12:23Z [----] followers, [----] engagements


"The more complex answer - a population geography and economic study. To estimate the market size for Grupo Mateus in its [--] states I examined the population density urbanisation rate GDP per capita cities with 100k population and the state of current competition (Lider Assai and Atacado). Today Grupo Mateus has [---] cash and carry stores and from my research it can still more than double to [---] cash and carry stores while it's supermarket (Camino supermarket and hypermarket formats) can grow from [--] stores to [---] stores. In Bahia for example Mateus only has [--] cash and carry stores and is yet"  
[X Link](https://x.com/dede_eyesan/status/1988223359214112959)  2025-11-11T12:32Z [----] followers, [---] engagements


"Grupo Mateus #GMAT3 My deep dive into Grupo Mateus is now available. I cover its history the broader Brazilian grocery market their business model store economics growth prospects potential risks and a detailed valuation"  
[X Link](https://x.com/dede_eyesan/status/1988660507260383332)  2025-11-12T17:29Z [----] followers, [----] engagements


"https://globaloutperformers.substack.com/p/grupo-mateus https://globaloutperformers.substack.com/p/grupo-mateus"  
[X Link](https://x.com/dede_eyesan/status/1988660535991402574)  2025-11-12T17:29Z [----] followers, [---] engagements


"@DaBao_ @MikeFritzell 😂😂 Ive been burned in HK. After my experience with fraud Huisen #2127.HK learned to be careful there in small cap land"  
[X Link](https://x.com/dede_eyesan/status/2019360021201687019)  2026-02-05T10:38Z [----] followers, [----] engagements


"One IPO Im looking at this month is Giant Biogene Holding Chinas largest professional skincare group - its two flagship products Kelijin and Kefumei (3rd and 4th best selling Chinese skin care products). Profit margins and growth stand out but more DD here"  
[X Link](https://x.com/dede_eyesan/status/1597185192149778433)  2022-11-28T11:06Z [----] followers, [--] engagements


"Some footwear notes from my screen earlier today: Nike and Adidas gross margins havent gone anywhere in ten years. Part of it is competition in China. But a less discussed reason is supplier power shift. Huali Industrial and Feng Tay for eg. are gaining so much ground here"  
[X Link](https://x.com/dede_eyesan/status/1617573496816799744)  2023-01-23T17:22Z [----] followers, [----] engagements


"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"  
[X Link](https://x.com/dede_eyesan/status/1660028653906919429)  2023-05-20T21:04Z [----] followers, [----] engagements


"IT Services Global: US: Perficient Globant Middle East: Arabian Internet Edarat CEE: SPAN Spyrosoft Europe: Reply Gofore Singular People Generic Sweden Bouvet Japan: System Support JFE Systems India: Ksolves Coforge [--] IT services cos like. Ill update this once done"  
[X Link](https://x.com/dede_eyesan/status/1660032811376553985)  2023-05-20T21:20Z [----] followers, [----] engagements


"IT Services Global: US: Perficient Globant Middle East: Arabian Internet Edarat CEE: SPAN Spyrosoft Europe: Reply Gofore Singular People Generic Sweden Bouvet Japan: System Support JFE Systems India: Ksolves Coforge [--] IT services worth looking. Will update this"  
[X Link](https://x.com/dede_eyesan/status/1660034209086357504)  2023-05-20T21:26Z [----] followers, 33.4K 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](https://x.com/dede_eyesan/status/1678760365302362120)  2023-07-11T13:37Z [----] followers, [----] engagements


"China consumer - Not everything China was bad news in H1. Giant Biogene a domestic skincare leader reported revenue and net income up 63% and 52% respectively. Its Collagen stick series performed very well no [--] on Tmall. New launches for Comfy Acne clearing and cleansing"  
[X Link](https://x.com/dede_eyesan/status/1701963373078839427)  2023-09-13T14:17Z [----] followers, [----] engagements


"The Indian IT service majors (TCS Wipro) aren't growing as fast as before and are relatively overvalued. Japan - Baycurrent Consulting has been a bright spot in Japan. They are still on track for their 20% revenue and earnings CAGR and 19x doesn't look too pricey"  
[X Link](https://x.com/dede_eyesan/status/1715299636603162665)  2023-10-20T09:31Z [----] followers, [----] engagements


"Japanese consumer staples shortlist: ($TSE: 2222) Kotobuki Spirits in premium confectionary products is a "magic 20%" - 20% ROIC EBIT margins with 20% market expected earnings growth priced at below 20x EV/EBIT or P/E (and a debt free balance sheet). 1/n"  
[X Link](https://x.com/dede_eyesan/status/1768318211219435879)  2024-03-14T16:48Z [----] followers, 16.9K engagements


"Kotobuki Spirits has a multi-brand premium confectionery strategy across its [--] subsidiaries led by Shukrei (40% of sales - Flagship brands are Maple Mania Tokyo Milk Cheese Factory and recently launched DROOLY). Each store is concentrated in specific Japanese cities. 2/n"  
[X Link](https://x.com/dede_eyesan/status/1768590160629756342)  2024-03-15T10:48Z [----] followers, [---] engagements


"Generally the pricing point is within the premium segment. Here in London a box of [--] Salt & Camembert costs [-----] (wholesale is around 34% of sales). For mothers day special LeTao's cakes ranged from [----] to [----] yen"  
[X Link](https://x.com/dede_eyesan/status/1768593989492466129)  2024-03-15T11:04Z [----] followers, [---] engagements


"I will dive more into products economics and history later but overall I like Kotobuki Spirits from a quality and growth lens. The internal target is for long-term operating margins to expand to 30% (currently at 24%). Market estimates is they double [----] E (10.5bn) by 2028"  
[X Link](https://x.com/dede_eyesan/status/1768595661086216672)  2024-03-15T11:10Z [----] followers, [----] engagements


"Chinese cosmetics: Giant Biogene Good year for China's leader in recombinant collagen with revenue up 49% and net profit up 45% (41% PAT margin). Strong sales on Tmall. Kefumei etc continue to perform well. 76% of assets are in cash [--] goodwill 0% debt and now a divi payer"  
[X Link](https://x.com/dede_eyesan/status/1775195990473007424)  2024-04-02T16:18Z [----] followers, [----] engagements


"My deep dive on Farmer Mac exploring its business model economics of its farm & ranch and rural infrastructure divisions and a detailed breakdown of its growth and valuations. https://globaloutperformers.substack.com/p/farmer-mac https://globaloutperformers.substack.com/p/farmer-mac"  
[X Link](https://x.com/dede_eyesan/status/1999556609819677023)  2025-12-12T19:07Z [----] followers, [----] engagements


"Bulgaria Politics/macro and the stock market are two different things"  
[X Link](https://x.com/dede_eyesan/status/1999616254244438313)  2025-12-12T23:04Z [----] followers, [----] engagements


"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](https://x.com/dede_eyesan/status/1637098227152371712)  2023-03-18T14:26Z [----] followers, [----] engagements


"Valuations aren't cheap at 26x [----] P/E or 23x 2024E but if Giant Biogene meets current market estimates (25% earnings CAGR over the next [--] years) an 18% IRR is possible"  
[X Link](https://x.com/dede_eyesan/status/1775196924028629362)  2024-04-02T16:21Z [----] followers, [----] engagements

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