Investment Research - Asia Consumer Sector, Investory

Devi Subhakesan

Investment Research - Asia Consumer Sector. 

Equity Research experience of over 20 years. Earlier, Analyst for leading Buy and Sell-side institutions, covering markets in ASEAN, India, and North Asia. Expertise spans various sectors - Consumer Discretionary, Media, Textiles, Oil, Gas, and Coal.
Passionate about mindfulness and meditation.

Investment Research - Asia Consumer Sector

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ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

Event-Driven

In this note, we look at how Amazon's foray into India's booming EdTech sector could impact the existing players and sector dynamics/growth trajectory. <a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409:1" rel="noopener">Amazon.com Inc (AMZN US)</a> formally launched its online learning venture in India - <a href="https://academy.amazon.in/" target="_blank" rel="noopener">Amazon Academy</a> - this week. Presently on Beta mode, the online learning tools and live classes on Amazon Academy (currently available for free) are designed to help students prepare for the highly competitive selection tests to gain admission at top-rated Engineering colleges in the country. Amazon's reported foray into the booming Edtech sector in India had already set off a flurry of M&amp;A activity as existing lead players attempt to fortify their positions. Edtech sector witnessed rapid growth last year as COVID-led lockdowns disrupted formal education and students across age groups were forced to resort to online learning options. India's heavily underinvested (and often badly managed) public education system and highly restrictive regulations governing the private education sector have helped create a large and attractive opportunity for EdTech players. Lead players have attracted funding from who's who of private investing (see appendix), a testimony to the sector's attractiveness and potential. Will that change with the foray of Amazon, known for its aggressive and competitive operating style? While little is known about Amazon's operating pricing plans and strategy, we present our expectation on the same and how it could impact existing players and sector dynamics/growth.

In this note, we look at how Amazon's foray into India's booming EdTech sector could impact the existing players and sector dynamics/growth trajectory. Amazon.com Inc (AMZN US) formally launched its online learning venture in India - Amazon Academy - this week. Presently on Beta mode, the online learning tools and live classes on Amazon Academy (currently available for free) are designed to help students prepare for the highly competitive selection tests to gain admission at top-rated Engineering colleges in the country. Amazon's reported foray into the booming Edtech sector in India had already set off a flurry of M&amp;A activity as existing lead players attempt to fortify their positions. Edtech sector witnessed rapid growth last year as COVID-led lockdowns disrupted formal education and students across age groups were forced to resort to online learning options. India's heavily underinvested (and often badly managed) public education system and highly restrictive regulations governing the private education sector have helped create a large and attractive opportunity for EdTech players. Lead players have attracted funding from who's who of private investing (see appendix), a testimony to the sector's attractiveness and potential. Will that change with the foray of Amazon, known for its aggressive and competitive operating style? While little is known about Amazon's operating pricing plans and strategy, we present our expectation on the same and how it could impact existing players and sector dynamics/growth. 

Amazon Forays into India EdTech - Expect Shift in Sector Dynamics, Rest May Brace to Pivot