Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Equity Bottom-Up

<ul>
<li>Low price-to-sales, strong stock price momentum, and low correlation with Western stock markets relative to its sector</li>
<li>KOGAS’ investment in a fifth storage unit, meeting the 20% storage ratio target, to allow for faster contracts and enhance bargain power</li>
<li>The company should post higher margins from E&amp;P projects favored by high oil prices</li>
<li>Trades below Asian Utilities at 18CE* 10.1x PE and offers better earnings growth prospects in 2018-19CE*</li>
<li>Risks: Weaker-than-expected gas demand, unexpected costs in E&amp;P</li>
</ul><p><em>* Consensus Estimates</em></p>


Low price-to-sales, strong stock price momentum, and low correlation with Western stock markets relative to its sector
KOGAS’ investment in a fifth storage unit, meeting the 20% storage ratio target, to allow for faster contracts and enhance bargain power
The company should post higher margins from E&amp;P projects favored by high oil prices
Trades below Asian Utilities at 18CE* 10.1x PE and offers better earnings growth prospects in 2018-19CE*
Risks: Weaker-than-expected gas demand, unexpected costs in E&amp;P
* Consensus Estimates

KOGAS (036460 KS): Monopoly and World’s Largest Gas Importer

Korea Gas

KOGAS (036460 KS): Monopoly and World’s Largest Gas Importer