India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Hindalco's $10 Billion Expansion to Drive Aluminium and Copper Growth.</li>
<li>BC Jindal Group to Invest $2.5 Billion in India’s Renewable Energy Sector by 2029.</li>
<li>Cement Firms Plan Rs 1.5-Trillion Investment to Meet Growing Demand.</li>
</ul>


Hindalco's $10 Billion Expansion to Drive Aluminium and Copper Growth.
BC Jindal Group to Invest $2.5 Billion in India’s Renewable Energy Sector by 2029.
Cement Firms Plan Rs 1.5-Trillion Investment to Meet Growing Demand.


# 49 India Insight: Hindalco $ 10 Bn Expansion, BC Jindal RE, Cement Firms Plans

Chief Economist, Aletheia Capital

Dr. Jim Walker

Chief Economist

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<ul>
<li>The U.S. released revised non-farm payroll figures, with significant job cuts expected, but the fiscal deficit continues to grow, raising concerns about economic stability.</li>
<li>Frequent data revisions and premature releases, such as those in Japan and India, highlight the need for more accurate and delayed economic data reporting.</li>
<li>Political unrest in Indonesia as the government attempts to overturn a court ruling to allow President Jokowi’s son to run for governorship, reflecting a trend towards autocracy in the region.</li>
</ul>


The U.S. released revised non-farm payroll figures, with significant job cuts expected, but the fiscal deficit continues to grow, raising concerns about economic stability.
Frequent data revisions and premature releases, such as those in Japan and India, highlight the need for more accurate and delayed economic data reporting.
Political unrest in Indonesia as the government attempts to overturn a court ruling to allow President Jokowi’s son to run for governorship, reflecting a trend towards autocracy in the region.


Walker’s Weekly: Dr. Jim's Summary of Key Global Macro Developments - 23 Aug 2024

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>What a July we’ve had.</li><li>The G3 central banks have now received plenty of labor market data that justifies cutting rates fairly aggressively.</li><li>In our opinion, this is a tricky trend to resist, even if market pricing does admittedly seem aggressive.</li></ul>

What a July we’ve had.The G3 central banks have now received plenty of labor market data that justifies cutting rates fairly aggressively.In our opinion, this is a tricky trend to resist, even if market pricing does admittedly seem aggressive.

Macro/Rates Watch: When the entire foundation rests on liquidity

Chief Economist, Heteronomics

Phil Rush

Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

<ul><li>Broad increases in the flash services PMIs reinforced the signal that global activity remains resilient enough not to require forceful monetary easing.</li><li>Residual seasonality hasn’t appeared in the PMIs again this summer, but it pollutes some unemployment data. A slight majority of countries have a higher UR than a year ago.</li><li>Softening labour market trends from a relatively neutral cyclical position are consistent with gradual and limited rate cuts, even if they need reversing without a recession.</li></ul><p></p>

Broad increases in the flash services PMIs reinforced the signal that global activity remains resilient enough not to require forceful monetary easing.Residual seasonality hasn’t appeared in the PMIs again this summer, but it pollutes some unemployment data. A slight majority of countries have a higher UR than a year ago.Softening labour market trends from a relatively neutral cyclical position are consistent with gradual and limited rate cuts, even if they need reversing without a recession.

Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

Build-A-Bear Workshop, Inc. is an interactive, entertainment mall-based retailer that invites guests to create their own customized stuffed animals through a bear-making process.  The Company operates various locations in the United States and other countries.

<ul><li>We are reiterating our Buy rating and $41 price target and FY24 and FY25 EPS projections, but further back-end loading our FY24 quarterly projections, as we believe 2Q results, which will be announced next Thursday, will reflect slightly higher than expected discounting and tough comparisons in what is historically the least important quarter for the company.</li><li>That said, we believe the decision to roll out Halloween earlier than previously, the potential to leverage demand for multiple offerings, the expansion into Mini Beans, and continued high-margin franchise and commercial expansion, should drive strong 2H results.</li><li>Further, with management continuing to aggressively repurchase BBW shares, the stock registering an almost 3% dividend yield and a valuation (even with our Street-low projections), of 4.4X our FY25 EBITDA we believe, the longer term risk/reward for BBW remains highly impressive, and we reiterate our Buy rating and $41 price target</li></ul>

We are reiterating our Buy rating and $41 price target and FY24 and FY25 EPS projections, but further back-end loading our FY24 quarterly projections, as we believe 2Q results, which will be announced next Thursday, will reflect slightly higher than expected discounting and tough comparisons in what is historically the least important quarter for the company.That said, we believe the decision to roll out Halloween earlier than previously, the potential to leverage demand for multiple offerings, the expansion into Mini Beans, and continued high-margin franchise and commercial expansion, should drive strong 2H results.Further, with management continuing to aggressively repurchase BBW shares, the stock registering an almost 3% dividend yield and a valuation (even with our Street-low projections), of 4.4X our FY25 EBITDA we believe, the longer term risk/reward for BBW remains highly impressive, and we reiterate our Buy rating and $41 price target

BBW: 2Q Preview: Remaining Conservative; Reiterate Buy, PT