Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Japanese and Asian equity long/short strategies

Uzabase

Specialising in Japanese and Asian equity long/short strategies with a focus on rigorous, but targeted quantitative analysis to temper evaluations of company strategy, potential and vision. At Uzabase, our team of analysts provides coverage of industry dynamics with a local Asian flavour on Speeda, our financial information platform. Going forward we are aiming to channel our focus toward thematic research on emerging industries and company research.

Equity Bottom-Up

As India gets ready to implement GST, all eyes are on the logistics industry which until now had been dominated by the unorganised sector. A paradigm shift in taxation is expected to result in industry-wide consolidation, while well-established companies in niche sectors are expected to experience healthy topline growth and margins. Gateway Distriparks has established a pan-India presence with CFSs (container freight stations), ICDs (inland container depots) and TCL (temperature controlled logistics). The company trades at a trailing PE of 24.9x which is short of its closest competitor CONCOR (29.2x). However, we think the stock is valued cheaply as its well-established infrastructure will help it reap the benefits of GST and growing EXIM trade.

As India gets ready to implement GST, all eyes are on the logistics industry which until now had been dominated by the unorganised sector. A paradigm shift in taxation is expected to result in industry-wide consolidation, while well-established companies in niche sectors are expected to experience healthy topline growth and margins. Gateway Distriparks has established a pan-India presence with CFSs (container freight stations), ICDs (inland container depots) and TCL (temperature controlled logistics). The company trades at a trailing PE of 24.9x which is short of its closest competitor CONCOR (29.2x). However, we think the stock is valued cheaply as its well-established infrastructure will help it reap the benefits of GST and growing EXIM trade.

Gateway Distriparks: "Diversified Presence to Help Company Ride Growth in Containerisation"

Navkar Corporation Limited / Equity Bottom-Up

Located at the mouth of the proposed Western Dedicated Freight Corridor, Navkar Corporation is set to play a vital role in inland container transportation and logistics. Since listing on the NSE in September 2015, the stock has faced its share of ups and downs and trades about 6% above its listing price as of March 2017. The company’s trailing PE of 21.4x is below the sector average of 28.9x leading us to believe the company may be valued cheaply though it will have to capitalise on its rapid…

Located at the mouth of the proposed Western Dedicated Freight Corridor, Navkar Corporation is set to play a vital role in inland container transportation and logistics. Since listing on the NSE in September 2015, the stock has faced its share of ups and downs and trades about 6% above its listing price as of March 2017. The company’s trailing PE of 21.4x is below the sector average of 28.9x leading us to believe the company may be valued cheaply though it will have to capitalise on its rapid…

India Small Cap Tour: Private Railway Freight Terminal Is Navkar's Secret Weapon

India

Navkar Corporation Limited provides logistics services. The Company offers marine cargo handling, cold storage, reefer containers, warehousing, and hazardous cargo handling services. Navkar conducts its business in India.

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Navkar Corporation Limited (NACO IN)

Gateway Distriparks: "Diversified Presence to Help Company Ride Growth in Containerisation"

As India gets ready to implement GST, all eyes are on the logistics industry which until now had been dominated by the unorganised sector. A...

Mio Kato

India Small Cap Tour: Private Railway Freight Terminal Is Navkar's Secret Weapon

Located at the mouth of the proposed Western Dedicated Freight Corridor, Navkar Corporation is set to play a vital role in inland container...

Mio Kato

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52-week Range

Market Cap (USDm)

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