Dr. Andrew Stotz, CFA

In 1992 Dr. Andrew Stotz, CFA, left a management career at Pepsi-Cola in California to teach finance in Thailand. In 1993, he found his life calling as a financial analyst, a job for which he was eventually voted #1 in Thailand. In the second half of his 20-year career in investment banking, Dr. Stotz was a Head of Research, leading teams of financial analysts. He served as a two-term president of CFA Society Thailand and now runs his firm, A. Stotz Investment Research, which provides research and tools for institutions and high-net-worth investors and helps CEOs make their companies financially world class.

Philippines

Philippines Has The Highest Gearing In Asia

Philippines had the highest gearing and the only country above 100% Taiwan’s low gearing is partly explained by about 50% … Read more

China Trades PB

China Trades Below The World On PB But Offers Same ROE

Indonesia is most expensive on price-to-book (PB) in Asia, followed by India. They also have the highest return on equity … Read more

Client Communications

Care For Clients As You Would Your Mother

Watch the video with Andrew Stotz or read a summary of Are We Really Putting Investors First? below. A story of … Read more

Thailand And Indonesia

Thailand And Indonesia Have Strong Fundamentals Relative To Asia

Hong Kong has the highest net margin, but lowest efficiency Taiwan has the highest efficiency, but relatively thin net margin … Read more

China Revenue Growth

In Asia China Has Had The Highest Revenue Growth, Thailand The Best Price Return

China A has had the highest revenue growth, but price performance was below the World In the past 6 months, … Read more

Korea Trades

Korea Trades At 9x PE And The Philippines At 20x And Korea Offers Better EPS Growth

Korea trades at low PE and is expected to see earnings growth in line with the World in 2018CE* Philippines … Read more

Korea Asia

Korea Most Attractive In Asia, Followed By China And Thailand

Korea tops the list driven by cheap valuation and great earnings momentum China ranks second, driven by strong momentum in … Read more

Airports Of Thailand

Airports Of Thailand Is Preparing For New Heights

Background Founded in 2002, Airports of Thailand Public Company Limited’s core activities are management and development of international airports. AOT … Read more

Irving Kahn

Recency Bias

How to recognize recency bias “The S&P 500 will gain 20% in the first year of the new Millennium!” said … Read more

Highest Leverage In Americas

Highest Leverage In Americas

Bottom-up aggregation of 16,200 non-financial companies in the World Relatively high gearing in Americas Low balance sheet risk in Developed … Read more

Emerging Markets

Emerging Markets Have The Strongest Earnings Growth

All regions have shown earnings recovery for the past 12 months Seeing strong growth in all Emerging regions Only Developed … Read more

Rising Profitability in Emerging Asia

Rising Profitability In Emerging Asia, Risk of falling margins in Emerging Europe

Bottom-up aggregation of 16,200 non-financial companies in the World Margin recovery in Emerging Asia could still rise further Some risk … Read more

US Dream Factor

US Dream Factor Is High, But It Could Stay High In 2018

Excluding a major negative event, the fundamentals support a relatively optimistic market Even though the Dream factor is high, the … Read more

Highest Leverage

Highest Leverage At Utilities And Telecom, Most Risk To Rising Rates

Leverage is always high in Telecom and Utilities If interest rise, these and Real Estate sector would be hurt the … Read more

Global Revenue Recovery

Global Revenue Recovery Has Just Started

More than 16,000 non-financial companies worldwide show a strong revenue uptrend This trend has just started, and could continue for … Read more