January 16, 2025
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 January 16, 2025.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. KAP Industrial (L, ZA)  Industrial Conglomerates
1. KAP Industrial (L, ZA)   Industrial Conglomerates 100 100 61 26
2. Petrobras (XXL, BR)  Oil & Gas Integrated
2. Petrobras (XXL, BR)   Oil & Gas Integrated 100 95 92 72
3. MCB Bank (M, PK)  Diversified Banks
3. MCB Bank (M, PK)   Diversified Banks 98 87 99 93
4. Vale (XXL, BR)  Steel
4. Vale (XXL, BR)   Steel 98 73 55 73
5. SMU (XL, CL)  Food Retail
5. SMU (XL, CL)   Food Retail 96 89 48 38
6. Sime Darby (XXL, MY)  Industrial Conglomerates
6. Sime Darby (XXL, MY)   Industrial Conglomerates 96 87 51 66
7. Safaricom (L, KE)  Wireless Telecommunication
7. Safaricom (L, KE)   Wireless Telecommunication 96 87 72 92
8. Omnia (L, ZA)  Diversified Chemicals
8. Omnia (L, ZA)   Diversified Chemicals 96 95 71 69
9. Sasol (XXL, ZA)  Diversified Chemicals
9. Sasol (XXL, ZA)   Diversified Chemicals 94 99 51 53
10. Enel Chile (XL, CL)  Electric Utilities
10. Enel Chile (XL, CL)   Electric Utilities 94 84 80 70

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

January 16, 2025. Top 10s are published weekly following the . ( or for more stocks)


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

TOP 10 Obermatt 360° Investment Strategy 360° Strategy 360° VIEW Value Strategy VALUE Combined Strategy COMBINED Sentiment Strategy SENTIMENT
1. Cholamandalam Financial Holdings (XL, IN)   Consumer Finance
1. Cholamandalam Financial Holdings (XL, IN)   Consumer Finance 100 45 83 86
2. Tiger Brands (L, ZA)   Packaged Foods & Meats
2. Tiger Brands (L, ZA)   Packaged Foods & Meats 98 73 92 85
3. Ambuja Cements (XL, IN)   Construction Materials
3. Ambuja Cements (XL, IN)   Construction Materials 97 45 95 71
4. IJM (L, MY)   Construction & Engineering
4. IJM (L, MY)   Construction & Engineering 96 57 86 90
5. Japfa Comfeed (XL, ID)   Packaged Foods & Meats
5. Japfa Comfeed (XL, ID)   Packaged Foods & Meats 96 87 86 93
6. Coromandel International (L, IN)   Fertilizers & Agricultural Chemicals
6. Coromandel International (L, IN)   Fertilizers & Agricultural Chemicals 95 71 93 79
7. Hartalega Holdings (M, MY)   Health Care Supplies
7. Hartalega Holdings (M, MY)   Health Care Supplies 94 63 98 39
8. Jasa Marga (L, ID)   Highways & Railtracks
8. Jasa Marga (L, ID)   Highways & Railtracks 94 63 70 99
9. Bank Mandiri (XL, ID)   Diversified Banks
9. Bank Mandiri (XL, ID)   Diversified Banks 93 37 85 65
10. MCB Bank (M, PK)   Diversified Banks
10. MCB Bank (M, PK)   Diversified Banks 93 87 99 33

January 16, 2025. Top 10s are published weekly following the . ( or for more stocks)


Good Governace Growth Markets Top 10: Sentiment Investment Strategy

TOP 10 Sentiment Investment Strategy Sentiment Strategy SENTIMENT Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Advanced Info Service (XL, TH)   Wireless Telecommunication
1. Advanced Info Service (XL, TH)   Wireless Telecommunication 100 21 59 80
2. Sun Pharmaceuticals (XL, IN)   Pharmaceuticals
2. Sun Pharmaceuticals (XL, IN)   Pharmaceuticals 100 43 63 83
3. CIMB Group Holdings (L, MY)   Diversified Banks
3. CIMB Group Holdings (L, MY)   Diversified Banks 100 51 37 79
4. BDO Unibank (L, PH)   Diversified Banks
4. BDO Unibank (L, PH)   Diversified Banks 99 49 71 91
5. Jasa Marga (L, ID)   Highways & Railtracks
5. Jasa Marga (L, ID)   Highways & Railtracks 99 63 70 94
6. Telekom Malaysia (L, MY)   Integrated Telecommunication
6. Telekom Malaysia (L, MY)   Integrated Telecommunication 97 45 50 86
7. Hochschild Mining (M, PE) ☀   Gold Production
7. Hochschild Mining (M, PE) ☀   Gold Production 97 53 15 47
8. Tipco Asphalt (L, TH) ☀   Construction Materials
8. Tipco Asphalt (L, TH) ☀   Construction Materials 97 66 63 87
9. Press Metal Aluminium Holdings (XL, MY)   Aluminum
9. Press Metal Aluminium Holdings (XL, MY)   Aluminum 97 27 23 63
10. AKR Corporindo (L, ID)   Oil & Gas Transportation
10. AKR Corporindo (L, ID)   Oil & Gas Transportation 95 39 60 86

January 16, 2025. 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. Sri Trang Agro-Industry (L, TH) ☀   Tires & Rubber
1. Sri Trang Agro-Industry (L, TH) ☀   Tires & Rubber 100 7 50 32
2. KAP Industrial (L, ZA)   Industrial Conglomerates
2. KAP Industrial (L, ZA)   Industrial Conglomerates 100 25 61 26
3. Natura & Co (XL, BR)   Personal Products
3. Natura & Co (XL, BR)   Personal Products 100 81 87 55
4. Sappi (XL, ZA)   Paper Products
4. Sappi (XL, ZA)   Paper Products 100 9 57 41
5. Sasol (XXL, ZA)   Diversified Chemicals
5. Sasol (XXL, ZA)   Diversified Chemicals 99 5 51 53
6. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication
6. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication 99 27 73 47
7. Perusahaan Gas (XL, ID)   Gas Utilities
7. Perusahaan Gas (XL, ID)   Gas Utilities 98 1 64 86
8. AECI (L, ZA)   Specialty Chemicals
8. AECI (L, ZA)   Specialty Chemicals 97 17 55 49
9. Arab Bank Group (L, JO)   Diversified Banks
9. Arab Bank Group (L, JO)   Diversified Banks 97 3 71 85
10. Petrobras (XXL, BR)   Oil & Gas Integrated
10. Petrobras (XXL, BR)   Oil & Gas Integrated 95 67 92 72

January 16, 2025. 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. YTL (XL, MY)   Multi-Utilities
1. YTL (XL, MY)   Multi-Utilities 100 54 88 82
2. IDFC First Bank (L, IN)   Diversified Banks
2. IDFC First Bank (L, IN)   Diversified Banks 100 21 41 3
3. Cholamandalam Investment and Finance (L, IN)   Consumer Finance
3. Cholamandalam Investment and Finance (L, IN)   Consumer Finance 100 16 20 16
4. Mercadolibre (XXL, AR)   Internet Retail
4. Mercadolibre (XXL, AR)   Internet Retail 100 3 26 32
5. Hartalega Holdings (M, MY)   Health Care Supplies
5. Hartalega Holdings (M, MY)   Health Care Supplies 100 63 98 94
6. Hatsun Agro Product (L, IN)   Packaged Foods & Meats
6. Hatsun Agro Product (L, IN)   Packaged Foods & Meats 100 9 18 4
7. Aurobindo Pharma (XL, IN)   Pharmaceuticals
7. Aurobindo Pharma (XL, IN)   Pharmaceuticals 99 71 95 77
8. Shriram Transport Finance (XL, IN)   Consumer Finance
8. Shriram Transport Finance (XL, IN)   Consumer Finance 99 31 75 90
9. Tata Power (XL, IN)   Electric Utilities
9. Tata Power (XL, IN)   Electric Utilities 98 12 26 20
10. Thermax (L, IN)   Industrial Machinery
10. Thermax (L, IN)   Industrial Machinery 97 19 57 54

January 16, 2025. 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 20 96 16
2. Signet Jewelers (XL, BM)  Specialty Stores
2. Signet Jewelers (XL, BM)   Specialty Stores 100 33 50 24
3. ICICI Prudential Life Insurance (XL, IN)  Life & Health Insurance
3. ICICI Prudential Life Insurance (XL, IN)   Life & Health Insurance 100 16 92 14
4. Impala Platinum (XL, ZA)  Precious Metals & Minerals
4. Impala Platinum (XL, ZA)   Precious Metals & Minerals 99 73 87 61
5. ICICI Lombard General Insurance (L, IN)  Property & Casualty Insurance
5. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance 98 14 66 28
6. PTT Oil and Retail (XXL, TH)  Automotive Retail
6. PTT Oil and Retail (XXL, TH)   Automotive Retail 96 51 78 68
7. BCA (XL, ID)  Diversified Banks
7. BCA (XL, ID)   Diversified Banks 95 7 67 87
8. Ambuja Cements (XL, IN)  Construction Materials
8. Ambuja Cements (XL, IN)   Construction Materials 95 45 95 97
9. AKR Corporindo (L, ID)  Oil & Gas Transportation
9. AKR Corporindo (L, ID)   Oil & Gas Transportation 94 39 60 86
10. City Union Bank (S, IN)  Diversified Banks
10. City Union Bank (S, IN)   Diversified Banks 93 31 59 63

January 16, 2025. 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. MCB Bank (M, PK)  Diversified Banks
1. MCB Bank (M, PK)   Diversified Banks 99 87 87 93
2. Petronas Chemicals (XL, MY)  Commodity Chemicals
2. Petronas Chemicals (XL, MY)   Commodity Chemicals 99 85 45 79
3. Hartalega Holdings (M, MY)  Health Care Supplies
3. Hartalega Holdings (M, MY)   Health Care Supplies 98 63 100 94
4. Bangchak Corporation (XL, TH)  Oil & Gas Refining
4. Bangchak Corporation (XL, TH)   Oil & Gas Refining 97 87 67 85
5. SBI Life Insurance (XXL, IN)  Life & Health Insurance
5. SBI Life Insurance (XXL, IN)   Life & Health Insurance 97 20 62 82
6. HDFC Life Insurance (XL, IN)  Life & Health Insurance
6. HDFC Life Insurance (XL, IN)   Life & Health Insurance 96 20 28 16
7. Aurobindo Pharma (XL, IN)  Pharmaceuticals
7. Aurobindo Pharma (XL, IN)   Pharmaceuticals 95 71 99 77
8. Ambuja Cements (XL, IN)  Construction Materials
8. Ambuja Cements (XL, IN)   Construction Materials 95 45 25 97
9. Coromandel International (L, IN)  Fertilizers & Agricultural Chemicals
9. Coromandel International (L, IN)   Fertilizers & Agricultural Chemicals 93 71 65 95
10. Petrobras (XXL, BR)  Oil & Gas Integrated
10. Petrobras (XXL, BR)   Oil & Gas Integrated 92 95 67 72

January 16, 2025. 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 January 16, 2025.

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