In today’s briefing:
- 2022 in Rear Mirror View: Top Performers From My Global Healthcare Coverage Universe
- GEM Banks; Conviction Calls for 2023
- Micron Earnings Give Semi Market Outlook
2022 in Rear Mirror View: Top Performers From My Global Healthcare Coverage Universe
- As we are heading into 2023, let us look back on the performance of some of our global healthcare stocks recommended throughout 2022.
- Four stocks on which I am bullish, generated more than 50% return since their recommendations. 10 stocks on which I am bearish plunged more than 20%.
- For 2023, investors should continue to focus on established healthcare companies, having strong and flexible balance sheet with muti-year revenue visibility.
GEM Banks; Conviction Calls for 2023
- Among bigger cap GEM banks, we pick four longs and two shorts as our conviction calls for 2023
- Our core buys are Bank Mandiri from Indonesia, Hana Financial from South Korea, China Construction Bank and BanColombia; we also have a special mentions category for Banco Itau and Nubank
- Our key sells are ICICI Bank from India and digital bank Jago from Indonesia
Micron Earnings Give Semi Market Outlook
- Micron’s earnings call gives a good advanced warning of similar companies’ reports
- The company’s downturn is the worst in the past 13 years
- Not all chip companies will suffer this downturn, and few will do as badly as commodity memory makers. Tool makers will feel the impact next year.
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