CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Equity Bottom-Up

<ul><li>Good price momentum, and share price is less volatile relative to its sector</li><li>Acquisitions to add new downstream products, enhance integration, and open up for further expansion in high-value downstream products</li><li>Its “Project Max” should continue to grow earnings in 2017, with its focus on productivity improvements and hundreds of operational initiatives undertaken</li><li>The share trades below Thai Materials at 17CE* 10.8x PE but offers good growth in a sector that is expected to see a slight fall in earnings</li><li>Risks: Declining crude oil prices hurt margins and cause inventory losses, change of government policy, plant shutdowns</li></ul>* Consensus Estimates

Good price momentum, and share price is less volatile relative to its sectorAcquisitions to add new downstream products, enhance integration, and open up for further expansion in high-value downstream productsIts “Project Max” should continue to grow earnings in 2017, with its focus on productivity improvements and hundreds of operational initiatives undertakenThe share trades below Thai Materials at 17CE* 10.8x PE but offers good growth in a sector that is expected to see a slight fall in earningsRisks: Declining crude oil prices hurt margins and cause inventory losses, change of government policy, plant shutdowns* Consensus Estimates

PTTGC: Petrochemical Company Refines Operations for Efficiency

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Thematic (Sector/Industry)

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<li>SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.</li>
<li>
Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…</li>
</ul>


SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold mining stocks. These 11 stocks are at different stages in the exploration, development, production cycle and have averaged a 19.0% gain in 2017 YTD.

Of the three segments, mining industrial minerals has been the strongest performer in the 2017 YTD with an average 30.4% gain, led Alliance Minerals Assets. Coal was the next best performer with the four stocks…


Average 19% YTD Gain in Key Mining Stocks

Information Technology Consultant

Ishita Jain

As per the Financial Times ("FT") <a href="https://www.ft.com/content/4f88cb60-f8f7-11e6-bd4e-68d53499ed71" target="_blank">article</a> dated 24th Feb 2017, electric vehicle ("EVs") manufacturers and battery producers have been scrambling to secure supplies of Cobalt. This has been driven by the fact the a handful of hedge funds have purchased and stored Cobalt on expectations that the demand for EVs will pick up. Battery producers such as Panasonic, who supply Lithium Ion ("Li-ion") batteries to the likes of Tesla are hard pressed for supplies. As FT reported, prices have risen by more…

As per the Financial Times ("FT") article dated 24th Feb 2017, electric vehicle ("EVs") manufacturers and battery producers have been scrambling to secure supplies of Cobalt.   This has been driven by the fact the a handful of hedge funds have purchased and stored Cobalt on expectations that the demand for EVs will pick up. Battery producers such as Panasonic, who supply Lithium Ion ("Li-ion") batteries to the likes of Tesla are hard pressed for supplies.  As FT reported, prices have risen by more…

<ul><li>Share price is less volatile, and low price volatility versus the market relative to its sector</li><li>PTTGC should maintain its high utilization rate of refinery and olefins business through 2017 having reached 99% and 93% respectively in 3Q16</li><li>Ongoing “Project Max” should improve operating margin in the next 18 months with its focus on productivity improvements and hundreds of operational initiatives undertaken</li><li>The share trades below Thai Materials at 17CE* 10.1x PE but offers more than 3x the sector’s growth</li><li>Risks: Declining crude oil prices hurt margins and cause inventory losses, change of government policy</li></ul>* Consensus Estimates

Share price is less volatile, and low price volatility versus the market relative to its sectorPTTGC should maintain its high utilization rate of refinery and olefins business through 2017 having reached 99% and 93% respectively in 3Q16Ongoing “Project Max” should improve operating margin in the next 18 months with its focus on productivity improvements and hundreds of operational initiatives undertakenThe share trades below Thai Materials at 17CE* 10.1x PE but offers more than 3x the sector’s growthRisks: Declining crude oil prices hurt margins and cause inventory losses, change of government policy* Consensus Estimates

Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

The East-West Collision Course. Today on the local World &amp; Economic Times program on Spring News Channel 11, Professor Manarangsan gave an interview regarding Rex Tillerson, the incredible Exxon Mobil former CEO who just edged out both Mitt Romney (the 2012 Presidential hopeful) and Rudy Guliani (a popular New York mayor) for the prestigious Secretary of State job. The two couldn't have been more different. Rex ran the world's largest energy company from his perch in Texas. Few companies can…

 The East-West Collision Course. Today on the local World &amp; Economic Times program on Spring News Channel 11, Professor Manarangsan gave an interview regarding Rex Tillerson, the incredible Exxon Mobil former CEO who just edged out both Mitt Romney (the 2012 Presidential hopeful) and Rudy Guliani (a popular New York mayor) for the prestigious Secretary of State job. The two couldn't have been more different. Rex ran the world's largest energy company from his perch in Texas. Few companies can…

Thailand

PTT Global Chemical Public Company Limited operates as a petrochemical company. The Company manufactures and distributes upstream, intermediate, and downstream petrochemical products. PTT Global Chemical serves customers in Thailand.

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PTT Global Chemical (PTTGC-R TB)

PTTGC: Petrochemical Company Refines Operations for Efficiency

Good price momentum, and share price is less volatile relative to itssector Acquisitions to add new downstream products, enhance integration,and...

A. Stotz Investment Research

Average 19% YTD Gain in Key Mining Stocks

SGX lists four stocks mining industrial minerals including tantalite, phosphate, limestone and marble, four coal mining stocks and three gold...

Singapore Exchange Ltd (SGX)

Future of Cobalt Vis-A-Vis EVs

As per the Financial Times ("FT") article dated 24th Feb 2017, electric vehicle ("EVs") manufacturers and battery producers have been scrambling to...

Ishita Jain

PTTGC: A Beneficiary if Oil Prices Rise

Share price is less volatile, and low price volatility versus the market relative to its sector PTTGC should maintain its high utilization rate of...

A. Stotz Investment Research

CP All on Rex Tillerson

The East-West Collision Course. Today on the local World & Economic Times program on Spring News Channel 11, Professor Manarangsan gave an...

Athaporn Arayasantiparb, CFA

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