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

Breaking Estimates Short Model Flags Beyond Meat, Zillow, Purple & Chegg

Solvency Risk Short Candidates: Beyond Meat, Madison Sqr Garden, Trinity, Portillo, Jack in the Box

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.

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/beyond-meat-inc" target="_blank" data-smartkarma-citation="entities:28065:1" rel="noopener">Beyond Meat (BYND US)'s </a>reported weak 3Q2021 results and muted sales guidance could trigger a downward revision in street sales forecasts for FY2022. Downside risk to stock price from sales downgrades and likely lower valuation multiples.</li>
<li>Slow down in sales growth in the US and a rise in competitive pressure has impacted revenue growth and margin outlook adversely. International markets could be key growth driver in the medium term.</li>
<li>IPO prospects of other alternative protein companies could be negatively impacted. Notable players in this space - <a href="https://www.smartkarma.com/entities/impossible-foods-inc" target="_blank" data-smartkarma-citation="entities:28361:1" rel="noopener">Impossible Foods Inc (1249597D US)</a> , Eat Just Inc - that had raised private funds at steep valuations earlier, may delay listing plans.</li>
</ul>



Beyond Meat (BYND US)'s reported weak 3Q2021 results and muted sales guidance could trigger a downward revision in street sales forecasts for FY2022. Downside risk to stock price from sales downgrades and likely lower valuation multiples.
Slow down in sales growth in the US and a rise in competitive pressure has impacted revenue growth and margin outlook adversely. International markets could be key growth driver in the medium term.
IPO prospects of other alternative protein companies could be negatively impacted. Notable players in this space - Impossible Foods Inc (1249597D US) , Eat Just Inc - that had raised private funds at steep valuations earlier, may delay listing plans.


Beyond Meat 3Q21: Weak Sales/Guidance, Weaker Margins. Downside Risk.