February 27, 2025
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 February 27, 2025.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. TIM (XL, BR)  Wireless Telecommunication
1. TIM (XL, BR)   Wireless Telecommunication 100 89 85 96
2. Banco do Brasil (XXL, BR)  Diversified Banks
2. Banco do Brasil (XXL, BR)   Diversified Banks 100 100 15 17
3. Golden Ocean Group (L, BM)  Marine
3. Golden Ocean Group (L, BM)   Marine 100 75 65 63
4. Astral Foods (L, ZA)  Packaged Foods & Meats
4. Astral Foods (L, ZA)   Packaged Foods & Meats 99 95 100 100
5. Adaro Energy (XL, ID)  Coal & Consumable Fuels
5. Adaro Energy (XL, ID)   Coal & Consumable Fuels 98 91 84 96
6. KAP Industrial (L, ZA)  Industrial Conglomerates
6. KAP Industrial (L, ZA)   Industrial Conglomerates 98 100 81 59
7. AECI (L, ZA)  Specialty Chemicals
7. AECI (L, ZA)   Specialty Chemicals 98 100 52 32
8. Itau Unibanco (XL, BR)  Diversified Banks
8. Itau Unibanco (XL, BR)   Diversified Banks 96 85 59 59
9. Truworths International (L, ZA) ☀  Apparel Retail
9. Truworths International (L, ZA) ☀   Apparel Retail 96 63 68 53
10. Genting Malaysia (L, MY)  Casinos & Gaming
10. Genting Malaysia (L, MY)   Casinos & Gaming 96 83 56 35

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

February 27, 2025. 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. Hindalco (XXL, IN)   Aluminum
1. Hindalco (XXL, IN)   Aluminum 100 81 96 94
2. Astral Foods (L, ZA)   Packaged Foods & Meats
2. Astral Foods (L, ZA)   Packaged Foods & Meats 100 95 100 84
3. Malakoff (L, MY)   Power Producers & Traders
3. Malakoff (L, MY)   Power Producers & Traders 98 76 96 88
4. Hartalega Holdings (M, MY)   Health Care Supplies
4. Hartalega Holdings (M, MY)   Health Care Supplies 98 83 100 41
5. IJM (L, MY)   Construction & Engineering
5. IJM (L, MY)   Construction & Engineering 98 69 100 92
6. Adaro Energy (XL, ID)   Coal & Consumable Fuels
6. Adaro Energy (XL, ID)   Coal & Consumable Fuels 96 91 84 78
7. Cogna Educacao (L, BR)   Education Services
7. Cogna Educacao (L, BR)   Education Services 96 93 98 79
8. Lojas Renner (L, BR)   Apparel Retail
8. Lojas Renner (L, BR)   Apparel Retail 96 85 98 70
9. Ayala Land (L, PH)   Real Estate: Diversified Operations
9. Ayala Land (L, PH)   Real Estate: Diversified Operations 96 85 83 100
10. MISC (XL, MY)   Marine
10. MISC (XL, MY)   Marine 96 63 80 95

February 27, 2025. 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. Ayala Land (L, PH)   Real Estate: Diversified Operations
1. Ayala Land (L, PH)   Real Estate: Diversified Operations 100 85 83 96
2. BCA (XL, ID)   Diversified Banks
2. BCA (XL, ID)   Diversified Banks 100 9 55 87
3. Telekom Malaysia (L, MY)   Integrated Telecommunication
3. Telekom Malaysia (L, MY)   Integrated Telecommunication 100 43 60 79
4. BB Seguridade (L, BR)   Multi-line Insurance
4. BB Seguridade (L, BR)   Multi-line Insurance 99 31 88 84
5. Icici Bank (XL, IN)   Diversified Banks
5. Icici Bank (XL, IN)   Diversified Banks 99 5 25 55
6. BDO Unibank (L, PH)   Diversified Banks
6. BDO Unibank (L, PH)   Diversified Banks 99 53 23 57
7. Press Metal Aluminium Holdings (XL, MY)   Aluminum
7. Press Metal Aluminium Holdings (XL, MY)   Aluminum 98 25 64 90
8. CIMB Group Holdings (L, MY)   Diversified Banks
8. CIMB Group Holdings (L, MY)   Diversified Banks 97 37 51 81
9. MISC (XL, MY)   Marine
9. MISC (XL, MY)   Marine 95 63 80 96
10. AMMB Holdings (M, MY)   Diversified Banks
10. AMMB Holdings (M, MY)   Diversified Banks 95 39 63 89

February 27, 2025. 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. KAP Industrial (L, ZA)   Industrial Conglomerates
1. KAP Industrial (L, ZA)   Industrial Conglomerates 100 63 81 59
2. Sappi (XL, ZA)   Paper Products
2. Sappi (XL, ZA)   Paper Products 100 49 86 77
3. Banco do Brasil (XXL, BR)   Diversified Banks
3. Banco do Brasil (XXL, BR)   Diversified Banks 100 3 15 17
4. AECI (L, ZA)   Specialty Chemicals
4. AECI (L, ZA)   Specialty Chemicals 100 7 52 32
5. JBS (XXL, BR)   Packaged Foods & Meats
5. JBS (XXL, BR)   Packaged Foods & Meats 99 100 90 84
6. Telkom (L, ZA)   Integrated Telecommunication
6. Telkom (L, ZA)   Integrated Telecommunication 99 79 98 92
7. Sasol (XXL, ZA)   Diversified Chemicals
7. Sasol (XXL, ZA)   Diversified Chemicals 99 53 94 80
8. Sime Darby (XXL, MY)   Industrial Conglomerates
8. Sime Darby (XXL, MY)   Industrial Conglomerates 97 7 64 70
9. Petrobras Distribuidora (XXL, BR)   Automotive Retail
9. Petrobras Distribuidora (XXL, BR)   Automotive Retail 97 55 98 90
10. Astral Foods (L, ZA)   Packaged Foods & Meats
10. Astral Foods (L, ZA)   Packaged Foods & Meats 95 81 100 100

February 27, 2025. 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. Dixon Technologies (India) (L, IN)   Consumer Electronics
1. Dixon Technologies (India) (L, IN)   Consumer Electronics 100 11 25 43
2. JBS (XXL, BR)   Packaged Foods & Meats
2. JBS (XXL, BR)   Packaged Foods & Meats 100 99 90 84
3. IJM (L, MY)   Construction & Engineering
3. IJM (L, MY)   Construction & Engineering 100 69 100 98
4. MTN (XXL, ZA)   Wireless Telecommunication
4. MTN (XXL, ZA)   Wireless Telecommunication 99 65 89 60
5. Hartalega Holdings (M, MY)   Health Care Supplies
5. Hartalega Holdings (M, MY)   Health Care Supplies 99 83 100 98
6. Nampak (M, ZA)   Metal & Glass Containers
6. Nampak (M, ZA)   Metal & Glass Containers 95 35 35 30
7. Tenaga Nasional (XL, MY)   Electric Utilities
7. Tenaga Nasional (XL, MY)   Electric Utilities 94 44 51 64
8. OUTsurance Group Ltd (XXL, ZA) ☀   Life & Health Insurance
8. OUTsurance Group Ltd (XXL, ZA) ☀   Life & Health Insurance 93 9 85 72
9. Mahindra & Mahindra (XXL, IN)   Automobile Manufacturers
9. Mahindra & Mahindra (XXL, IN)   Automobile Manufacturers 93 39 63 86
10. Malakoff (L, MY)   Power Producers & Traders
10. Malakoff (L, MY)   Power Producers & Traders 92 76 96 98

February 27, 2025. 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. Ninety One Group (L, ZA)  Asset Management & Custody
1. Ninety One Group (L, ZA)   Asset Management & Custody 100 75 86 61
2. OUTsurance Group Ltd (XXL, ZA) ☀  Life & Health Insurance
2. OUTsurance Group Ltd (XXL, ZA) ☀   Life & Health Insurance 98 9 85 72
3. Ambuja Cements (XL, IN)  Construction Materials
3. Ambuja Cements (XL, IN)   Construction Materials 98 49 96 88
4. ICICI Lombard General Insurance (L, IN)  Property & Casualty Insurance
4. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance 98 13 66 28
5. Lojas Renner (L, BR)  Apparel Retail
5. Lojas Renner (L, BR)   Apparel Retail 96 85 98 96
6. The Bank of N.T. Butterfield & Son (M, BM)  Diversified Banks
6. The Bank of N.T. Butterfield & Son (M, BM)   Diversified Banks 95 19 29 47
7. ITC (XL, IN)  Tobacco
7. ITC (XL, IN)   Tobacco 94 25 52 41
8. Astral Foods (L, ZA)  Packaged Foods & Meats
8. Astral Foods (L, ZA)   Packaged Foods & Meats 94 95 100 100
9. Bosch (L, IN)  Auto Parts & Equipment
9. Bosch (L, IN)   Auto Parts & Equipment 94 47 63 42
10. Kumba Iron Ore (XL, ZA)  Steel
10. Kumba Iron Ore (XL, ZA)   Steel 94 39 44 40

February 27, 2025. 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. Astral Foods (L, ZA)  Packaged Foods & Meats
1. Astral Foods (L, ZA)   Packaged Foods & Meats 100 95 81 100
2. Impala Platinum (XL, ZA)  Precious Metals & Minerals
2. Impala Platinum (XL, ZA)   Precious Metals & Minerals 100 57 89 85
3. Hartalega Holdings (M, MY)  Health Care Supplies
3. Hartalega Holdings (M, MY)   Health Care Supplies 100 83 99 98
4. IJM (L, MY)  Construction & Engineering
4. IJM (L, MY)   Construction & Engineering 100 69 100 98
5. Cogna Educacao (L, BR)  Education Services
5. Cogna Educacao (L, BR)   Education Services 98 93 65 96
6. Lojas Renner (L, BR)  Apparel Retail
6. Lojas Renner (L, BR)   Apparel Retail 98 85 53 96
7. Telkom (L, ZA)  Integrated Telecommunication
7. Telkom (L, ZA)   Integrated Telecommunication 98 99 79 92
8. Petrobras Distribuidora (XXL, BR)  Automotive Retail
8. Petrobras Distribuidora (XXL, BR)   Automotive Retail 98 97 55 90
9. SBI Life Insurance (XXL, IN)  Life & Health Insurance
9. SBI Life Insurance (XXL, IN)   Life & Health Insurance 97 19 67 82
10. Hindalco (XXL, IN)  Aluminum
10. Hindalco (XXL, IN)   Aluminum 96 81 75 100

February 27, 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 Independent Boards in Growth Markets from February 27, 2025.

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