April 27, 2023
Snapshot Top 10: Independent Boards in Growth Markets



Obermatt recognizes that investors may have certain topics close to their heart. That's why we've also identified the Top 10 stocks within the Independent Boards in Growth Markets investment theme (Category: Governance & Inclusion).

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 themes.


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 for the theme Independent Boards in Growth Markets as of April 27, 2023.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Golden Ocean Group (L, BM)  Marine
1. Golden Ocean Group (L, BM)   Marine 100 67 48 60
2. Sasol (XXL, ZA)  Diversified Chemicals
2. Sasol (XXL, ZA)   Diversified Chemicals 100 99 82 91
3. Sociedad Química y Minera de Chile (L, CL)  Fertilizers & Agricultural Chemicals
3. Sociedad Química y Minera de Chile (L, CL)   Fertilizers & Agricultural Chemicals 100 83 80 77
4. Murray & Roberts (L, ZA)  Construction & Engineering
4. Murray & Roberts (L, ZA)   Construction & Engineering 100 100 58 41
5. Energisa (XL, BR)  Electric Utilities
5. Energisa (XL, BR)   Electric Utilities 100 100 51 30
6. Banco do Brasil (XXL, BR)  Diversified Banks
6. Banco do Brasil (XXL, BR)   Diversified Banks 100 100 91 91
7. Truworths International (L, ZA) ☀  Apparel Retail
7. Truworths International (L, ZA) ☀   Apparel Retail 98 81 78 85
8. Genting Malaysia (L, MY)  Casinos & Gaming
8. Genting Malaysia (L, MY)   Casinos & Gaming 98 89 52 41
9. AECI (L, ZA)  Specialty Chemicals
9. AECI (L, ZA)   Specialty Chemicals 98 100 41 47
10. TIM (XL, BR)  Wireless Telecommunication
10. TIM (XL, BR)   Wireless Telecommunication 96 92 81 82

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

April 27, 2023. 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. ITC (XL, IN)   Tobacco
1. ITC (XL, IN)   Tobacco 100 19 98 90
2. Bajaj Auto (XL, IN)   Motorcycle Manufacturers
2. Bajaj Auto (XL, IN)   Motorcycle Manufacturers 100 56 94 80
3. Gamuda (L, MY)   Construction & Engineering
3. Gamuda (L, MY)   Construction & Engineering 99 67 96 96
4. Copa Holdings, (L, PA)   Airlines
4. Copa Holdings, (L, PA)   Airlines 98 85 92 100
5. Aditya Birla Capital (L, IN)   Other Financial Services
5. Aditya Birla Capital (L, IN)   Other Financial Services 98 55 92 98
6. AKR Corporindo (L, ID)   Oil & Gas Transportation
6. AKR Corporindo (L, ID)   Oil & Gas Transportation 95 31 82 100
7. Fraser & Neave Holdings (L, MY)   Soft Drinks
7. Fraser & Neave Holdings (L, MY)   Soft Drinks 95 29 90 87
8. Wilson Bayly Holmes - Ovcon (L, ZA)   Construction & Engineering
8. Wilson Bayly Holmes - Ovcon (L, ZA)   Construction & Engineering 93 93 90 76
9. Oil and Natural Gas (XXL, IN)   Oil & Gas Integrated
9. Oil and Natural Gas (XXL, IN)   Oil & Gas Integrated 93 100 81 76
10. Itaú Corpbanca (XXL, CL)   Diversified Banks
10. Itaú Corpbanca (XXL, CL)   Diversified Banks 93 83 83 96

April 27, 2023. 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. AKR Corporindo (L, ID)   Oil & Gas Transportation
1. AKR Corporindo (L, ID)   Oil & Gas Transportation 100 31 82 95
2. Copa Holdings, (L, PA)   Airlines
2. Copa Holdings, (L, PA)   Airlines 100 85 92 98
3. BDO Unibank (XXL, PH)   Diversified Banks
3. BDO Unibank (XXL, PH)   Diversified Banks 100 27 27 69
4. Dr. Reddy's (L, IN)   Pharmaceuticals
4. Dr. Reddy's (L, IN)   Pharmaceuticals 98 65 55 79
5. BB Seguridade (L, BR)   Multi-line Insurance
5. BB Seguridade (L, BR)   Multi-line Insurance 98 30 88 88
6. Aditya Birla Capital (L, IN)   Other Financial Services
6. Aditya Birla Capital (L, IN)   Other Financial Services 98 55 92 98
7. Gamuda (L, MY)   Construction & Engineering
7. Gamuda (L, MY)   Construction & Engineering 96 67 96 99
8. Itaú Corpbanca (XXL, CL)   Diversified Banks
8. Itaú Corpbanca (XXL, CL)   Diversified Banks 96 83 83 93
9. Tata Communications (L, IN)   Integrated Telecommunication
9. Tata Communications (L, IN)   Integrated Telecommunication 94 8 39 72
10. Brookfield Infrastructure Partners (XL, BM)   Multi-Utilities
10. Brookfield Infrastructure Partners (XL, BM)   Multi-Utilities 93 20 6 28

April 27, 2023. 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. Oil and Natural Gas (XXL, IN)   Oil & Gas Integrated
1. Oil and Natural Gas (XXL, IN)   Oil & Gas Integrated 100 57 81 93
2. AECI (L, ZA)   Specialty Chemicals
2. AECI (L, ZA)   Specialty Chemicals 100 13 41 47
3. Murray & Roberts (L, ZA)   Construction & Engineering
3. Murray & Roberts (L, ZA)   Construction & Engineering 100 5 58 41
4. Energisa (XL, BR)   Electric Utilities
4. Energisa (XL, BR)   Electric Utilities 100 30 51 30
5. Banco do Brasil (XXL, BR)   Diversified Banks
5. Banco do Brasil (XXL, BR)   Diversified Banks 100 65 91 91
6. Petrobras Distribuidora (XXL, BR)   Automotive Retail
6. Petrobras Distribuidora (XXL, BR)   Automotive Retail 99 53 88 73
7. JBS (XXL, BR)   Packaged Foods & Meats
7. JBS (XXL, BR)   Packaged Foods & Meats 99 3 36 15
8. Sasol (XXL, ZA)   Diversified Chemicals
8. Sasol (XXL, ZA)   Diversified Chemicals 99 33 82 91
9. KAP Industrial (L, ZA)   Industrial Conglomerates
9. KAP Industrial (L, ZA)   Industrial Conglomerates 99 9 47 33
10. Cielo (L, BR)   Data Processing & Outsourcing
10. Cielo (L, BR)   Data Processing & Outsourcing 98 59 87 84

April 27, 2023. 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. ABB India (L, IN)   Heavy Electrical Equipment
1. ABB India (L, IN)   Heavy Electrical Equipment 100 5 60 47
2. IDFC First Bank (XXL, IN)   Diversified Banks
2. IDFC First Bank (XXL, IN)   Diversified Banks 100 27 39 27
3. Telecom Argentina (XL, AR)   Integrated Telecommunication
3. Telecom Argentina (XL, AR)   Integrated Telecommunication 100 49 67 40
4. Cablevisión (XL, AR)   Cable & Satellite
4. Cablevisión (XL, AR)   Cable & Satellite 100 65 73 45
5. Shriram Transport Finance (L, IN)   Consumer Finance
5. Shriram Transport Finance (L, IN)   Consumer Finance 100 47 88 91
6. Rumo (L, BR)   Railroads
6. Rumo (L, BR)   Railroads 99 34 74 67
7. Compañía Cervecerías Unidas (L, CL)   Brewers
7. Compañía Cervecerías Unidas (L, CL)   Brewers 99 45 56 57
8. YPF (XXL, AR)   Oil & Gas Integrated
8. YPF (XXL, AR)   Oil & Gas Integrated 99 22 44 19
9. The Federal Bank (XXL, IN)   Diversified Banks
9. The Federal Bank (XXL, IN)   Diversified Banks 99 41 47 49
10. Nestlé India (L, IN)   Packaged Foods & Meats
10. Nestlé India (L, IN)   Packaged Foods & Meats 99 1 66 65

April 27, 2023. 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. The Bank of N.T. Butterfield & Son (XXL, BM)  Diversified Banks
1. The Bank of N.T. Butterfield & Son (XXL, BM)   Diversified Banks 100 49 43 21
2. ICICI Lombard General Insurance (L, IN)  Property & Casualty Insurance
2. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance 98 16 66 72
3. Rand Merchant (L, ZA) ☀  Life & Health Insurance
3. Rand Merchant (L, ZA) ☀   Life & Health Insurance 98 25 85 37
4. Impala Platinum (XL, ZA)  Precious Metals & Minerals
4. Impala Platinum (XL, ZA)   Precious Metals & Minerals 98 65 96 76
5. Ninety One Group (L, ZA)  Asset Management & Custody
5. Ninety One Group (L, ZA)   Asset Management & Custody 98 53 52 75
6. Astral Foods (L, ZA)  Packaged Foods & Meats
6. Astral Foods (L, ZA)   Packaged Foods & Meats 98 89 100 69
7. Credicorp (XXL, BM)  Diversified Banks
7. Credicorp (XXL, BM)   Diversified Banks 97 25 61 67
8. Gudang Garam (XL, ID)  Tobacco
8. Gudang Garam (XL, ID)   Tobacco 96 87 86 71
9. ITC (XL, IN)  Tobacco
9. ITC (XL, IN)   Tobacco 96 19 98 100
10. AKR Corporindo (L, ID)  Oil & Gas Transportation
10. AKR Corporindo (L, ID)   Oil & Gas Transportation 96 31 82 95

April 27, 2023. 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 89 19 69
2. ITC (XL, IN)  Tobacco
2. ITC (XL, IN)   Tobacco 98 19 97 100
3. Lojas Renner (L, BR)  Apparel Retail
3. Lojas Renner (L, BR)   Apparel Retail 98 71 77 91
4. SBI Life Insurance (XL, IN)  Life & Health Insurance
4. SBI Life Insurance (XL, IN)   Life & Health Insurance 97 25 83 84
5. Gamuda (L, MY)  Construction & Engineering
5. Gamuda (L, MY)   Construction & Engineering 96 67 91 99
6. Impala Platinum (XL, ZA)  Precious Metals & Minerals
6. Impala Platinum (XL, ZA)   Precious Metals & Minerals 96 65 58 76
7. Bajaj Auto (XL, IN)  Motorcycle Manufacturers
7. Bajaj Auto (XL, IN)   Motorcycle Manufacturers 94 56 61 100
8. Mahindra & Mahindra Financial Services (L, IN)  Consumer Finance
8. Mahindra & Mahindra Financial Services (L, IN)   Consumer Finance 94 33 91 69
9. Copa Holdings, (L, PA)  Airlines
9. Copa Holdings, (L, PA)   Airlines 92 85 51 98
10. Brazilian Electric (XL, BR)  Electric Utilities
10. Brazilian Electric (XL, BR)   Electric Utilities 92 66 94 74

April 27, 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 factbased Obermatt Method in the Investment Theme Independent Boards in Growth Markets (Category: Governance & Inclusion) from April 27, 2023.

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