Nice Macro Monthly

NETRA from DSP

NETRA monthly publication from DSP Mutual fund is a very nice Macro Monthly newsletter, I read it every month. From the Oct edition this is what caught my eye

#1 Chinese tech companies are sitting on massive cash

Some of them holding ~50% of their M-cap as cash like JD.com. I have written extensively on using Debt Capacity bargain as a model to value stocks, read this example on NBCC

Some from above list once you done business analysis are worth a swing. If you like me to do a similar analysis on anyone of above leave the name in comments

#2 Well run private sector banks may be a safe house in case of market meltdown

While writing on YESBANK, I pointed out that many large well run banks are trading below 2 times book which is below their long term averages, reproducing chart below from that write up

In NBFC space, we covered JM Financial last week

Happy Investing!