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.

LANNA (LANNA TB): Improving Margins in Indonesia

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Equity Bottom-Up

<ul><li>Strong stock price momentum, sales on an upcycle trend, and low correlation relative to its sector</li><li>Consolidation in the Chinese coal production sector has reduced total global supply, leading to improved pricing prospects for coal over the longer term</li><li>The company’s less noxious low-sulphur coal mined in Indonesia should also see better demand compared to Chinese domestic high-sulphur coal</li><li>LANNA has seen great profitability improvements in 9M17, has a solid net-cash position and a track record of consistently high dividend yield</li><li>Risk: Sudden fall in Chinese demand</li></ul>

Strong stock price momentum, sales on an upcycle trend, and low correlation relative to its sectorConsolidation in the Chinese coal production sector has reduced total global supply, leading to improved pricing prospects for coal over the longer termThe company’s less noxious low-sulphur coal mined in Indonesia should also see better demand compared to Chinese domestic high-sulphur coalLANNA has seen great profitability improvements in 9M17, has a solid net-cash position and a track record of consistently high dividend yieldRisk: Sudden fall in Chinese demand

LANNA (LANNA TB): Doubled Earnings so Far in 2017

Lanna Resources

LANNA (LANNA TB): Doubled Earnings so Far in 2017