July 18, 2024
Snapshot Top 10: Independent Boards in Growth Markets



The Top 10 performing stocks in the Independent Boards 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 Independent Boards in Growth Markets as of July 18, 2024.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Enel Chile (XL, CL)  Electric Utilities
1. Enel Chile (XL, CL)   Electric Utilities 100 86 36 49
2. SMU (L, CL)  Food Retail
2. SMU (L, CL)   Food Retail 100 72 23 20
3. Gudang Garam (XL, ID)  Tobacco
3. Gudang Garam (XL, ID)   Tobacco 100 100 82 65
4. Banco do Brasil (XXL, BR)  Diversified Banks
4. Banco do Brasil (XXL, BR)   Diversified Banks 100 100 71 75
5. Sasol (XXL, ZA)  Diversified Chemicals
5. Sasol (XXL, ZA)   Diversified Chemicals 98 100 60 67
6. Barloworld (L, ZA)  Trading & Distribution
6. Barloworld (L, ZA)   Trading & Distribution 98 96 49 40
7. KAP Industrial (L, ZA)  Industrial Conglomerates
7. KAP Industrial (L, ZA)   Industrial Conglomerates 98 98 46 18
8. Cielo (L, BR)  Data Processing & Outsourcing
8. Cielo (L, BR)   Data Processing & Outsourcing 96 96 63 30
9. Sime Darby (XL, MY)  Industrial Conglomerates
9. Sime Darby (XL, MY)   Industrial Conglomerates 96 86 86 98
10. Kumba Iron Ore (XL, ZA)  Steel
10. Kumba Iron Ore (XL, ZA)   Steel 94 44 59 23

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

July 18, 2024. Top 10s are published weekly following the . ( or for more stocks)


Independent Boards 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. AKR Corporindo (L, ID)   Oil & Gas Transportation
1. AKR Corporindo (L, ID)   Oil & Gas Transportation 100 46 96 100
2. Arab Bank Group (XXL, JO)   Diversified Banks
2. Arab Bank Group (XXL, JO)   Diversified Banks 99 97 93 91
3. TIM (XL, BR)   Wireless Telecommunication
3. TIM (XL, BR)   Wireless Telecommunication 98 92 98 80
4. Sime Darby (XL, MY)   Industrial Conglomerates
4. Sime Darby (XL, MY)   Industrial Conglomerates 98 86 86 98
5. Bajaj Finserv (XL, IN)   Other Financial Services
5. Bajaj Finserv (XL, IN)   Other Financial Services 97 41 93 74
6. Hindalco (XXL, IN)   Aluminum
6. Hindalco (XXL, IN)   Aluminum 96 80 91 84
7. Adaro Energy (XL, ID)   Coal & Consumable Fuels
7. Adaro Energy (XL, ID)   Coal & Consumable Fuels 96 90 84 92
8. Wilson Bayly Holmes - Ovcon (L, ZA)   Construction & Engineering
8. Wilson Bayly Holmes - Ovcon (L, ZA)   Construction & Engineering 96 52 91 82
9. Lojas Renner (L, BR)   Apparel Retail
9. Lojas Renner (L, BR)   Apparel Retail 96 88 100 75
10. Ambuja Cements (XL, IN)   Construction Materials
10. Ambuja Cements (XL, IN)   Construction Materials 94 31 100 49

July 18, 2024. Top 10s are published weekly following the . ( or for more stocks)


Independent Boards 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. Fraser & Neave Holdings (L, MY)   Soft Drinks
1. Fraser & Neave Holdings (L, MY)   Soft Drinks 100 42 60 88
2. AMMB Holdings (XXL, MY)   Diversified Banks
2. AMMB Holdings (XXL, MY)   Diversified Banks 100 57 29 73
3. Press Metal Aluminium Holdings (L, MY)   Aluminum
3. Press Metal Aluminium Holdings (L, MY)   Aluminum 100 25 37 75
4. AKR Corporindo (L, ID)   Oil & Gas Transportation
4. AKR Corporindo (L, ID)   Oil & Gas Transportation 100 46 96 100
5. BCA (XXL, ID)   Diversified Banks
5. BCA (XXL, ID)   Diversified Banks 99 7 53 83
6. Mr. Price Group (L, ZA)   Apparel Retail
6. Mr. Price Group (L, ZA)   Apparel Retail 99 36 79 92
7. Sime Darby (XL, MY)   Industrial Conglomerates
7. Sime Darby (XL, MY)   Industrial Conglomerates 98 86 86 98
8. SBI Life Insurance (XL, IN)   Life & Health Insurance
8. SBI Life Insurance (XL, IN)   Life & Health Insurance 97 27 97 82
9. Ayala Land (L, PH)   Real Estate: Diversified Operations
9. Ayala Land (L, PH)   Real Estate: Diversified Operations 97 73 76 91
10. Mahindra & Mahindra (XL, IN)   Automobile Manufacturers
10. Mahindra & Mahindra (XL, IN)   Automobile Manufacturers 96 55 17 67

July 18, 2024. Top 10s are published weekly following the . ( or for more stocks)


Independent Boards 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. Sasol (XXL, ZA)   Diversified Chemicals
1. Sasol (XXL, ZA)   Diversified Chemicals 100 5 60 67
2. Gudang Garam (XL, ID)   Tobacco
2. Gudang Garam (XL, ID)   Tobacco 100 5 82 65
3. Banco do Brasil (XXL, BR)   Diversified Banks
3. Banco do Brasil (XXL, BR)   Diversified Banks 100 53 71 75
4. Murray & Roberts (L, ZA)   Construction & Engineering
4. Murray & Roberts (L, ZA)   Construction & Engineering 100 91 93 47
5. AECI (L, ZA)   Specialty Chemicals
5. AECI (L, ZA)   Specialty Chemicals 99 61 88 80
6. KAP Industrial (L, ZA)   Industrial Conglomerates
6. KAP Industrial (L, ZA)   Industrial Conglomerates 98 9 46 18
7. Arab Bank Group (XXL, JO)   Diversified Banks
7. Arab Bank Group (XXL, JO)   Diversified Banks 97 25 93 99
8. Sappi (XL, ZA)   Paper Products
8. Sappi (XL, ZA)   Paper Products 96 23 79 39
9. Barloworld (L, ZA)   Trading & Distribution
9. Barloworld (L, ZA)   Trading & Distribution 96 15 49 40
10. Cielo (L, BR)   Data Processing & Outsourcing
10. Cielo (L, BR)   Data Processing & Outsourcing 96 19 63 30

July 18, 2024. Top 10s are published weekly following the . ( or for more stocks)


Independent Boards 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. The Federal Bank (XXL, IN)   Diversified Banks
1. The Federal Bank (XXL, IN)   Diversified Banks 100 35 63 61
2. ABB India (L, IN)   Heavy Electrical Equipment
2. ABB India (L, IN)   Heavy Electrical Equipment 100 1 47 42
3. Cablevisión (XL, AR)   Cable & Satellite
3. Cablevisión (XL, AR)   Cable & Satellite 100 62 68 41
4. JBS (XXL, BR)   Packaged Foods & Meats
4. JBS (XXL, BR)   Packaged Foods & Meats 99 85 82 86
5. Telecom Argentina (XL, AR)   Integrated Telecommunication
5. Telecom Argentina (XL, AR)   Integrated Telecommunication 99 60 74 56
6. Ambuja Cements (XL, IN)   Construction Materials
6. Ambuja Cements (XL, IN)   Construction Materials 97 31 100 94
7. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance
7. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance 96 12 66 28
8. Dixon Technologies (India) (L, IN)   Consumer Electronics
8. Dixon Technologies (India) (L, IN)   Consumer Electronics 95 10 18 52
9. Rumo (L, BR)   Railroads
9. Rumo (L, BR)   Railroads 95 47 86 93
10. Hartalega Holdings (L, MY)   Health Care Supplies
10. Hartalega Holdings (L, MY)   Health Care Supplies 95 69 93 92

July 18, 2024. Top 10s are published weekly following the . ( or for more stocks)


Independent Boards 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. Ambuja Cements (XL, IN)  Construction Materials
1. Ambuja Cements (XL, IN)   Construction Materials 100 31 100 94
2. Ninety One Group (L, ZA)  Asset Management & Custody
2. Ninety One Group (L, ZA)   Asset Management & Custody 100 63 78 66
3. Bosch (L, IN)  Auto Parts & Equipment
3. Bosch (L, IN)   Auto Parts & Equipment 98 47 88 77
4. ICICI Lombard General Insurance (L, IN)  Property & Casualty Insurance
4. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance 98 12 66 28
5. Impala Platinum (XL, ZA)  Precious Metals & Minerals
5. Impala Platinum (XL, ZA)   Precious Metals & Minerals 98 62 74 39
6. Rand Merchant (L, ZA) ☀  Life & Health Insurance
6. Rand Merchant (L, ZA) ☀   Life & Health Insurance 98 12 85 72
7. The Bank of N.T. Butterfield & Son (XXL, BM)  Diversified Banks
7. The Bank of N.T. Butterfield & Son (XXL, BM)   Diversified Banks 97 29 63 53
8. Gudang Garam (XL, ID)  Tobacco
8. Gudang Garam (XL, ID)   Tobacco 96 100 82 65
9. CIMB Group Holdings (XXL, MY)  Diversified Banks
9. CIMB Group Holdings (XXL, MY)   Diversified Banks 95 51 87 91
10. ITC (XL, IN)  Tobacco
10. ITC (XL, IN)   Tobacco 94 22 68 75

July 18, 2024. Top 10s are published weekly following the . ( or for more stocks)


Independent Boards 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. Ambuja Cements (XL, IN)  Construction Materials
1. Ambuja Cements (XL, IN)   Construction Materials 100 31 97 94
2. Lojas Renner (L, BR)  Apparel Retail
2. Lojas Renner (L, BR)   Apparel Retail 100 88 45 96
3. Aurobindo Pharma (XL, IN)  Pharmaceuticals
3. Aurobindo Pharma (XL, IN)   Pharmaceuticals 98 69 69 77
4. TIM (XL, BR)  Wireless Telecommunication
4. TIM (XL, BR)   Wireless Telecommunication 98 92 49 98
5. SBI Life Insurance (XL, IN)  Life & Health Insurance
5. SBI Life Insurance (XL, IN)   Life & Health Insurance 97 27 81 82
6. AKR Corporindo (L, ID)  Oil & Gas Transportation
6. AKR Corporindo (L, ID)   Oil & Gas Transportation 96 46 84 100
7. Bajaj Finserv (XL, IN)  Other Financial Services
7. Bajaj Finserv (XL, IN)   Other Financial Services 93 41 81 97
8. Arab Bank Group (XXL, JO)  Diversified Banks
8. Arab Bank Group (XXL, JO)   Diversified Banks 93 97 25 99
9. Gamuda (L, MY)  Construction & Engineering
9. Gamuda (L, MY)   Construction & Engineering 93 58 85 91
10. Murray & Roberts (L, ZA)  Construction & Engineering
10. Murray & Roberts (L, ZA)   Construction & Engineering 93 100 91 47

July 18, 2024. 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 Independent Boards in Growth Markets from July 18, 2024.

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