Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 15 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

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Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/the-keepers-holdings-inc" target="_blank" data-smartkarma-citation="entities:23003:1" rel="noopener">The Keepers Holdings, Inc. (KEEPR PM)</a>, the largest imported spirit distributor in the Philippines with &gt;70% marketshare, now trades at 9.1x/7.6x FY22/FY23e with a 15-20% CAGR revenue/profit growth profile.</li>
<li>The company has almost 50% of its market capitalization in cash, and we believe it is at the cusp of making an acquisition, making it more integrated. </li>
<li>We believe for the Q2 2022 results ( released before the 15th of August ), the company will continue to show a growth profit trajectory of &gt;20% and execute well.</li>
</ul>



The Keepers Holdings, Inc. (KEEPR PM), the largest imported spirit distributor in the Philippines with &gt;70% marketshare, now trades at 9.1x/7.6x FY22/FY23e with a 15-20% CAGR revenue/profit growth profile.
The company has almost 50% of its market capitalization in cash, and we believe it is at the cusp of making an acquisition, making it more integrated. 
We believe for the Q2 2022 results ( released before the 15th of August ), the company will continue to show a growth profit trajectory of &gt;20% and execute well.


Keepers Holdings: 4.5x PE (Ex-Cash), Cash 50% of Mkt Cap, Structural Double Digit Growth