Global Emerging Market Equities, Propitious Research

Wium Malan, CFA

Global Equity Analyst with 15+ years of experience as a Buy Side analyst covering companies in the Emerging and Developed markets.
Fundamental and Quantitative analysis on companies in the Internet, Telecommunication, Media, Technology, IT Services, Healthcare, Pharmaceutical and other Industrial sectors.
Idea generation focussed on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

Global Emerging Market Equities

Parade Technologies: Negative Technical Analysis Signals

Tencent: Positive Technical Analysis Signals

Indian IT Services: Where Are We in the Growth Cycle?

China Yangtze Power: Negative Technical Analysis Signals

Independent, Fundamental Quantitative Research

Propitious Research

Fully independent, fundamental and quantitative equity research, focused on companies in the Telecommunication, Media, Technology, Internet and Healthcare sectors in the Global Emerging Markets. Idea generation focused on Quality stocks, trading below their intrinsic Value, with sound Corporate Governance.

Equity Bottom-Up

<ul>
<li>Following <a href="https://www.smartkarma.com/entities/hcl-technologies-ltd" target="_blank" data-smartkarma-citation="entities:20025:1" rel="noopener">HCL Technologies (HCLT IN)</a>'s fiscal 4Q2024 earning report last month, we have witnessed an acceleration in near-term earnings estimates downgrades.</li>
<li>Based on near-term momentum indicators, it seems that we are only at the beginning stage of a prolonged period of underperformance.</li>
<li>HCL Technologies currently trades roughly one standard deviation above its rolling 5-year historic average PE ratio.</li>
</ul>


Following HCL Technologies (HCLT IN)'s fiscal 4Q2024 earning report last month, we have witnessed an acceleration in near-term earnings estimates downgrades.
Based on near-term momentum indicators, it seems that we are only at the beginning stage of a prolonged period of underperformance.
HCL Technologies currently trades roughly one standard deviation above its rolling 5-year historic average PE ratio.


HCL Technologies: Negative Technical Analysis Signals