Investment Research - Asia Consumer Sector, Investory

Devi Subhakesan

Investment Research - Asia Consumer Sector. 

Equity Research experience of over 20 years. Earlier, Analyst for leading Buy and Sell-side institutions, covering markets in ASEAN, India, and North Asia. Expertise spans various sectors - Consumer Discretionary, Media, Textiles, Oil, Gas, and Coal.
Passionate about mindfulness and meditation.

Investment Research - Asia Consumer Sector

Hyundai Motor India IPO: Little Downside. Low Retail Interest-Myopia, Misguidance, Misinterpretation

Swiggy IPO: Valuation Slashed Again. Navigating Market Volatility and Zomato's USD1Bn Play

Swiggy IPO: Zomato's USD 1bn Fundraise Signals Looming Quick Commerce Challenges

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

<ul>
<li>October saw a sharp USD10.2 billion foreign outflow from Indian equities, driven by a shift to China and Hong Kong as stimulus measures and appealing valuations improved market sentiment there.</li>
<li>
<a href="https://www.smartkarma.com/entities/china-resources-beverage" target="_blank" data-smartkarma-citation="entities:41984:1" rel="noopener">China Resources Beverage (2460 HK)</a> 's IPO surged on strong investor optimism last week, while Hyundai Motor India's debut was subdued as institutional investors held back and retail investors exited.</li>
<li>
<a href="https://www.smartkarma.com/entities/bundl-technologies-private-limited-swiggy" target="_blank" data-smartkarma-citation="entities:35630:1" rel="noopener">Swiggy (1255298D IN)'s</a> IPO, set to open next week, faces headwinds from weak market sentiment, rising U.S. election uncertainty, and Zomato's USD1 billion QIP.</li>
</ul>


October saw a sharp USD10.2 billion foreign outflow from Indian equities, driven by a shift to China and Hong Kong as stimulus measures and appealing valuations improved market sentiment there.

China Resources Beverage (2460 HK) 's IPO surged on strong investor optimism last week, while Hyundai Motor India's debut was subdued as institutional investors held back and retail investors exited.

Swiggy (1255298D IN)'s IPO, set to open next week, faces headwinds from weak market sentiment, rising U.S. election uncertainty, and Zomato's USD1 billion QIP.


Weekly Consumer: Market Timing Makes a Difference. CR Beverage Pops in HK, Hyundai Slumps in India