March 16, 2023
Snapshot Top 10: Good Governance in Growth Markets



The Top 10 performing stocks in the Good Governance in Growth Markets are shown for seven different investment strategies. Whether you are looking for value, growth or dividend stocks, or you want stocks that rank well overall, you can see the top 10 stock picks, together with how they rank on a scale of 1 to 100 from the perspective of different investment strategies. We have also added our newest Sentiment and 360° View ranks, which encapsulate the market voices of analysts and professional investors into a simple ranking for easily evaluating stocks. As an objective research provider, Obermatt has been refining its stock analysis algorithms for more than 10 years (no AI used here!)

Select any stock for the detailed analysis of that stock's performance across the different investment analyses. Please note that the Top 10 stocks focus only on Large to XX-Large companies.


What the six ranks mean

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

Special Analysis: TOP 10 Dividend Investment Strategy

Many people ask for tips about dividend stocks. These are the Top 10 dividend stocks in the Good Governance in Growth Markets as of March 16, 2023.

No top 10 list was published for this market, date and strategy.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW

☀ This company has a special achievement which is documented on its stock research page.

March 16, 2023. Top 10s are published weekly following the . ( or for more stocks)


Good Governace Growth Markets Top 10: Obermatt 360° Investment Strategy

No top 10 list was published for this market, date and strategy.

TOP 10 Obermatt 360° Investment Strategy 360° Strategy 360° VIEW Value Strategy VALUE Combined Strategy COMBINED Sentiment Strategy SENTIMENT

March 16, 2023. Top 10s are published weekly following the . ( or for more stocks)


Good Governace Growth Markets Top 10: Sentiment Investment Strategy

No top 10 list was published for this market, date and strategy.

TOP 10 Sentiment Investment Strategy Sentiment Strategy SENTIMENT Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW

March 16, 2023. Top 10s are published weekly following the . ( or for more stocks)


Good Governace Growth Markets Top 10: Value Investment Strategy

TOP 10 Value Investment Strategy Value Strategy VALUE Growth Strategy GROWTH Combined Strategy COMBINED 360° Strategy 360° VIEW
1. AECI (L, ZA)   Specialty Chemicals
1. AECI (L, ZA)   Specialty Chemicals 100 19 65 31
2. Sri Trang Agro-Industry (L, TH) ☀   Tires & Rubber
2. Sri Trang Agro-Industry (L, TH) ☀   Tires & Rubber 100 9 42 85
3. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication
3. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication 100 48 96 88
4. UMW (XL, MY)   Automobile Manufacturers
4. UMW (XL, MY)   Automobile Manufacturers 99 39 58 78
5. Sasol (XXL, ZA)   Diversified Chemicals
5. Sasol (XXL, ZA)   Diversified Chemicals 99 57 87 77
6. Malakoff (L, MY)   Power Producers & Traders
6. Malakoff (L, MY)   Power Producers & Traders 98 53 75 70
7. KAP Industrial (L, ZA)   Industrial Conglomerates
7. KAP Industrial (L, ZA)   Industrial Conglomerates 97 9 41 19
8. Omnia (L, ZA)   Diversified Chemicals
8. Omnia (L, ZA)   Diversified Chemicals 97 25 95 87
9. Sappi (XL, ZA)   Paper Products
9. Sappi (XL, ZA)   Paper Products 97 61 95 85
10. MCB Bank (M, PK)   Diversified Banks
10. MCB Bank (M, PK)   Diversified Banks 97 1 75 77

March 16, 2023. Top 10s are published weekly following the . ( or for more stocks)


Good Governace Growth Markets Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy Growth Strategy GROWTH Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Cholamandalam Investment and Finance (L, IN)   Consumer Finance
1. Cholamandalam Investment and Finance (L, IN)   Consumer Finance 100 13 33 32
2. IDFC First Bank (L, IN)   Diversified Banks
2. IDFC First Bank (L, IN)   Diversified Banks 100 33 31 21
3. Varun Beverages (L, IN)   Soft Drinks
3. Varun Beverages (L, IN)   Soft Drinks 100 7 18 21
4. Mercadolibre (XXL, AR)   Internet Retail
4. Mercadolibre (XXL, AR)   Internet Retail 99 3 27 57
5. Gamuda (L, MY)   Construction & Engineering
5. Gamuda (L, MY)   Construction & Engineering 97 73 98 100
6. Ashok Leyland (XL, IN)   Heavy Machinery
6. Ashok Leyland (XL, IN)   Heavy Machinery 97 54 42 73
7. Avenue Supermarts (XL, IN)   Food Retail
7. Avenue Supermarts (XL, IN)   Food Retail 95 1 85 55
8. Axis Bank (XL, IN)   Diversified Banks
8. Axis Bank (XL, IN)   Diversified Banks 95 17 23 17
9. Bank Mandiri (XL, ID)   Diversified Banks
9. Bank Mandiri (XL, ID)   Diversified Banks 93 37 67 73
10. Delta Electronics (Thailand) (XL, TH)   Electronic Components
10. Delta Electronics (Thailand) (XL, TH)   Electronic Components 93 3 44 70

March 16, 2023. Top 10s are published weekly following the . ( or for more stocks)


Good Governace Growth Markets Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy Safety Strategy SAFETY Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. HDFC Life Insurance (XL, IN)  Life & Health Insurance
1. HDFC Life Insurance (XL, IN)   Life & Health Insurance 100 21 96 57
2. Signet Jewelers (XL, BM)  Specialty Stores
2. Signet Jewelers (XL, BM)   Specialty Stores 100 51 71 51
3. ICICI Prudential Life Insurance (XL, IN)  Life & Health Insurance
3. ICICI Prudential Life Insurance (XL, IN)   Life & Health Insurance 100 27 92 14
4. Ambuja Cements (XL, IN)  Construction Materials
4. Ambuja Cements (XL, IN)   Construction Materials 99 43 65 57
5. Hartalega Holdings (M, MY)  Health Care Supplies
5. Hartalega Holdings (M, MY)   Health Care Supplies 98 91 84 73
6. Tiger Brands (L, ZA)  Packaged Foods & Meats
6. Tiger Brands (L, ZA)   Packaged Foods & Meats 98 71 100 89
7. ICICI Lombard General Insurance (L, IN)  Property & Casualty Insurance
7. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance 98 16 66 70
8. Ratch Group (L, TH)  Power Producers & Traders
8. Ratch Group (L, TH)   Power Producers & Traders 98 66 100 100
9. Impala Platinum (XL, ZA)  Precious Metals & Minerals
9. Impala Platinum (XL, ZA)   Precious Metals & Minerals 97 77 97 93
10. PTT Oil and Retail (XXL, TH)  Automotive Retail
10. PTT Oil and Retail (XXL, TH)   Automotive Retail 97 47 47 31

March 16, 2023. Top 10s are published weekly following the . ( or for more stocks)


Good Governace Growth Markets Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy Combined Strategy COMBINED Value Strategy VALUE Growth Strategy GROWTH 360° Strategy 360° VIEW
1. Tiger Brands (L, ZA)  Packaged Foods & Meats
1. Tiger Brands (L, ZA)   Packaged Foods & Meats 100 71 71 89
2. Petronas Chemicals (XL, MY)  Commodity Chemicals
2. Petronas Chemicals (XL, MY)   Commodity Chemicals 100 85 81 99
3. Ratch Group (L, TH)  Power Producers & Traders
3. Ratch Group (L, TH)   Power Producers & Traders 100 66 70 100
4. Electricity Generating (L, TH) ☀  Power Producers & Traders
4. Electricity Generating (L, TH) ☀   Power Producers & Traders 98 80 86 96
5. Gamuda (L, MY)  Construction & Engineering
5. Gamuda (L, MY)   Construction & Engineering 98 73 97 100
6. Impala Platinum (XL, ZA)  Precious Metals & Minerals
6. Impala Platinum (XL, ZA)   Precious Metals & Minerals 97 77 73 93
7. SBI Life Insurance (XXL, IN)  Life & Health Insurance
7. SBI Life Insurance (XXL, IN)   Life & Health Insurance 97 25 65 64
8. HDFC Life Insurance (XL, IN)  Life & Health Insurance
8. HDFC Life Insurance (XL, IN)   Life & Health Insurance 96 21 85 57
9. Top Glove (M, MY)  Health Care Supplies
9. Top Glove (M, MY)   Health Care Supplies 96 61 53 53
10. Empresa Nacional de Telecomunicaciones (L, CL)  Wireless Telecommunication
10. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication 96 100 48 88

March 16, 2023. Top 10s are published weekly following the . ( or for more stocks)


☀ This company has a special achievement which is documented on its stock research page.

Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely fact-based Obermatt Method in the stock index Good Governance in Growth Markets from March 16, 2023.

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