Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

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CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Equity Bottom-Up

<ul><li>Improving asset turnover, earnings on an upcycle trend, and low debt levels relative to its sector</li><li>Parade is the sole supplier of embedded display ports (eDP) for <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple Inc (AAPL US)</a> iPad and MacBook. Unit sales of iPads and MacBooks increased 10% YoY in the last quarter; Apple accounts for almost 50% of total sales</li><li>Revenue should be further accelerated by wider adoption of high-speed USB C interconnectors in smartphones and notebooks which are already built in Apple MacBooks and Samsung Galaxy S8</li><li>Trades above Asian Info Tech at 18CE* 4.6x PB, but offers better ROE and the company is net cash</li><li>Risks: Relying on few big customers</li></ul><p><em>* Consensus Estimates</em></p>

Improving asset turnover, earnings on an upcycle trend, and low debt levels relative to its sectorParade is the sole supplier of embedded display ports (eDP) for Apple Inc (AAPL US) iPad and MacBook. Unit sales of iPads and MacBooks increased 10% YoY in the last quarter; Apple accounts for almost 50% of total salesRevenue should be further accelerated by wider adoption of high-speed USB C interconnectors in smartphones and notebooks which are already built in Apple MacBooks and Samsung Galaxy S8Trades above Asian Info Tech at 18CE* 4.6x PB, but offers better ROE and the company is net cashRisks: Relying on few big customers* Consensus Estimates

Parade (4966 TT): Apple Supplier Leading the Parade

Parade Technologies

Parade (4966 TT): Apple Supplier Leading the Parade