Asia Ex Japan; Technology and Consumption.

Rohinee Sharma

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

<p>Kaya Ltd is a leading chain of 126 Cosmetic Dermatology clinics in India and the Middle East. Its journey began in 2003 with Mr. Harsh Mariwala (founder of FMCG major Marico, and Kaya) venturing into what was then a niche retail business. The concept of selling beauty held great promise, but the company has taken many years to establish financial viability. A new professional management team has set its sights on a sustainable turnaround in the next 12-24 months and has brought unprecedented focus on improving consumption rates and rationalizing costs. Is this a beautiful investment case in the making?</p><p>The answer inevitably lies in effective execution and subsequent profitability...finally.</p>

Kaya Ltd is a leading chain of 126 Cosmetic Dermatology clinics in India and the Middle East. Its journey began in 2003 with Mr. Harsh Mariwala (founder of FMCG major Marico, and Kaya) venturing into what was then a niche retail business. The concept of selling beauty held great promise, but the company has taken many years to establish financial viability. A new professional management team has set its sights on a sustainable turnaround in the next 12-24 months and has brought unprecedented focus on improving consumption rates and rationalizing costs. Is this a beautiful investment case in the making?The answer inevitably lies in effective execution and subsequent profitability...finally.

Kaya Ltd: Its Beauty Lies in the Risk-Appetite of the Investor