October 26, 2023
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 October 26, 2023.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Sasol (XXL, ZA)  Diversified Chemicals
1. Sasol (XXL, ZA)   Diversified Chemicals 100 100 56 60
2. MCB Bank (XXL, PK)  Diversified Banks
2. MCB Bank (XXL, PK)   Diversified Banks 100 95 99 100
3. Petrobras (XXL, BR)  Oil & Gas Integrated
3. Petrobras (XXL, BR)   Oil & Gas Integrated 100 83 72 80
4. KAP Industrial (L, ZA)  Industrial Conglomerates
4. KAP Industrial (L, ZA)   Industrial Conglomerates 100 100 28 10
5. Omnia (L, ZA)  Diversified Chemicals
5. Omnia (L, ZA)   Diversified Chemicals 98 95 86 65
6. SMU (L, CL)  Food Retail
6. SMU (L, CL)   Food Retail 96 75 56 80
7. Perusahaan Gas (XL, ID)  Gas Utilities
7. Perusahaan Gas (XL, ID)   Gas Utilities 96 100 88 96
8. Safaricom (L, KE)  Wireless Telecommunication
8. Safaricom (L, KE)   Wireless Telecommunication 96 74 57 67
9. Engie Brasil Energia (L, BR)  Renewable Electricity
9. Engie Brasil Energia (L, BR)   Renewable Electricity 94 61 55 69
10. Empresa Nacional de Telecomunicaciones (L, CL)  Wireless Telecommunication
10. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication 94 100 92 92

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

October 26, 2023. 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. IJM (L, MY)   Construction & Engineering
1. IJM (L, MY)   Construction & Engineering 100 72 96 88
2. MCB Bank (XXL, PK)   Diversified Banks
2. MCB Bank (XXL, PK)   Diversified Banks 100 95 99 69
3. Perusahaan Gas (XL, ID)   Gas Utilities
3. Perusahaan Gas (XL, ID)   Gas Utilities 96 100 88 90
4. Tipco Asphalt (L, TH) ☀   Construction Materials
4. Tipco Asphalt (L, TH) ☀   Construction Materials 94 59 86 87
5. Petronas Chemicals (XL, MY)   Commodity Chemicals
5. Petronas Chemicals (XL, MY)   Commodity Chemicals 94 79 94 51
6. Dr. Reddy's (L, IN)   Pharmaceuticals
6. Dr. Reddy's (L, IN)   Pharmaceuticals 92 61 70 98
7. Zydus (L, IN)   Pharmaceuticals
7. Zydus (L, IN)   Pharmaceuticals 92 71 72 96
8. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication
8. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication 92 100 92 58
9. AKR Corporindo (L, ID)   Oil & Gas Transportation
9. AKR Corporindo (L, ID)   Oil & Gas Transportation 90 33 58 95
10. BDO Unibank (XXL, PH)   Diversified Banks
10. BDO Unibank (XXL, PH)   Diversified Banks 89 39 77 99

October 26, 2023. 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. Gamuda (L, MY)   Construction & Engineering
1. Gamuda (L, MY)   Construction & Engineering 100 63 74 86
2. Yinson Holdings (L, MY)   Oil & Gas Equipment
2. Yinson Holdings (L, MY)   Oil & Gas Equipment 100 42 12 52
3. Jasa Marga (L, ID)   Highways & Railtracks
3. Jasa Marga (L, ID)   Highways & Railtracks 100 47 37 67
4. Telekom Malaysia (L, MY)   Integrated Telecommunication
4. Telekom Malaysia (L, MY)   Integrated Telecommunication 100 46 60 82
5. Everest Re (XL, BM)   Reinsurance
5. Everest Re (XL, BM)   Reinsurance 100 66 70 83
6. Press Metal Aluminium Holdings (L, MY)   Aluminum
6. Press Metal Aluminium Holdings (L, MY)   Aluminum 100 35 24 63
7. BDO Unibank (XXL, PH)   Diversified Banks
7. BDO Unibank (XXL, PH)   Diversified Banks 99 39 77 89
8. CIMB Group Holdings (XXL, MY)   Diversified Banks
8. CIMB Group Holdings (XXL, MY)   Diversified Banks 99 59 75 87
9. Dr. Reddy's (L, IN)   Pharmaceuticals
9. Dr. Reddy's (L, IN)   Pharmaceuticals 98 61 70 92
10. Arch Capital Group (XL, BM)   Property & Casualty Insurance
10. Arch Capital Group (XL, BM)   Property & Casualty Insurance 98 8 32 69

October 26, 2023. 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. Sasol (XXL, ZA)   Diversified Chemicals
1. Sasol (XXL, ZA)   Diversified Chemicals 100 16 56 60
2. Perusahaan Gas (XL, ID)   Gas Utilities
2. Perusahaan Gas (XL, ID)   Gas Utilities 100 43 88 96
3. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication
3. Empresa Nacional de Telecomunicaciones (L, CL)   Wireless Telecommunication 100 57 92 92
4. KAP Industrial (L, ZA)   Industrial Conglomerates
4. KAP Industrial (L, ZA)   Industrial Conglomerates 100 3 28 10
5. Sri Trang Agro-Industry (XL, TH) ☀   Tires & Rubber
5. Sri Trang Agro-Industry (XL, TH) ☀   Tires & Rubber 99 35 81 68
6. Arab Bank Group (XXL, JO)   Diversified Banks
6. Arab Bank Group (XXL, JO)   Diversified Banks 97 1 81 85
7. MCB Bank (XXL, PK)   Diversified Banks
7. MCB Bank (XXL, PK)   Diversified Banks 95 79 99 100
8. Aspen Pharmacare (L, ZA)   Pharmaceuticals
8. Aspen Pharmacare (L, ZA)   Pharmaceuticals 95 19 55 68
9. Omnia (L, ZA)   Diversified Chemicals
9. Omnia (L, ZA)   Diversified Chemicals 95 13 86 65
10. AECI (L, ZA)   Specialty Chemicals
10. AECI (L, ZA)   Specialty Chemicals 95 32 72 85

October 26, 2023. 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. Tata Power (XL, IN)   Electric Utilities
1. Tata Power (XL, IN)   Electric Utilities 100 24 29 16
2. IDFC First Bank (XXL, IN)   Diversified Banks
2. IDFC First Bank (XXL, IN)   Diversified Banks 100 17 27 51
3. Cholamandalam Investment and Finance (L, IN)   Consumer Finance
3. Cholamandalam Investment and Finance (L, IN)   Consumer Finance 100 15 23 12
4. Dixon Technologies (India) (L, IN)   Consumer Electronics
4. Dixon Technologies (India) (L, IN)   Consumer Electronics 100 26 30 35
5. YTL (XL, MY)   Multi-Utilities
5. YTL (XL, MY)   Multi-Utilities 99 67 88 79
6. Top Glove (L, MY)   Health Care Supplies
6. Top Glove (L, MY)   Health Care Supplies 99 58 98 82
7. Hatsun Agro Product (L, IN)   Packaged Foods & Meats
7. Hatsun Agro Product (L, IN)   Packaged Foods & Meats 99 7 21 7
8. AU Small Finance Bank (XXL, IN)   Regional Banks
8. AU Small Finance Bank (XXL, IN)   Regional Banks 99 5 87 69
9. KEC International (L, IN)   Construction & Engineering
9. KEC International (L, IN)   Construction & Engineering 99 41 55 27
10. Mercadolibre (XL, AR)   Internet Retail
10. Mercadolibre (XL, AR)   Internet Retail 99 4 26 43

October 26, 2023. 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. ICICI Prudential Life Insurance (XL, IN)  Life & Health Insurance
1. ICICI Prudential Life Insurance (XL, IN)   Life & Health Insurance 100 17 92 14
2. HDFC Life Insurance (XL, IN)  Life & Health Insurance
2. HDFC Life Insurance (XL, IN)   Life & Health Insurance 100 16 96 16
3. Signet Jewelers (XL, BM)  Specialty Stores
3. Signet Jewelers (XL, BM)   Specialty Stores 100 49 86 68
4. Tiger Brands (L, ZA)  Packaged Foods & Meats
4. Tiger Brands (L, ZA)   Packaged Foods & Meats 99 82 80 50
5. ICICI Lombard General Insurance (L, IN)  Property & Casualty Insurance
5. ICICI Lombard General Insurance (L, IN)   Property & Casualty Insurance 98 18 66 28
6. Impala Platinum (XL, ZA)  Precious Metals & Minerals
6. Impala Platinum (XL, ZA)   Precious Metals & Minerals 98 72 83 55
7. Ambuja Cements (XL, IN)  Construction Materials
7. Ambuja Cements (XL, IN)   Construction Materials 98 43 53 56
8. Royal Bafokeng Platinum (L, ZA)  Precious Metals & Minerals
8. Royal Bafokeng Platinum (L, ZA)   Precious Metals & Minerals 96 23 27 25
9. PTT Oil and Retail (XXL, TH)  Automotive Retail
9. PTT Oil and Retail (XXL, TH)   Automotive Retail 94 49 90 72
10. AKR Corporindo (L, ID)  Oil & Gas Transportation
10. AKR Corporindo (L, ID)   Oil & Gas Transportation 94 33 58 90

October 26, 2023. 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. Hartalega Holdings (L, MY)  Health Care Supplies
1. Hartalega Holdings (L, MY)   Health Care Supplies 100 81 97 89
2. MCB Bank (XXL, PK)  Diversified Banks
2. MCB Bank (XXL, PK)   Diversified Banks 99 95 79 100
3. Top Glove (L, MY)  Health Care Supplies
3. Top Glove (L, MY)   Health Care Supplies 98 58 99 82
4. Pruksa (L, TH)  Real Estate Development
4. Pruksa (L, TH)   Real Estate Development 98 74 73 73
5. SBI Life Insurance (XL, IN)  Life & Health Insurance
5. SBI Life Insurance (XL, IN)   Life & Health Insurance 97 25 81 82
6. IJM (L, MY)  Construction & Engineering
6. IJM (L, MY)   Construction & Engineering 96 72 91 100
7. HDFC Life Insurance (XL, IN)  Life & Health Insurance
7. HDFC Life Insurance (XL, IN)   Life & Health Insurance 96 16 41 16
8. Petronas Chemicals (XL, MY)  Commodity Chemicals
8. Petronas Chemicals (XL, MY)   Commodity Chemicals 94 79 42 94
9. Bangchak Corporation (XL, TH)  Oil & Gas Refining
9. Bangchak Corporation (XL, TH)   Oil & Gas Refining 93 71 67 88
10. ICICI Prudential Life Insurance (XL, IN)  Life & Health Insurance
10. ICICI Prudential Life Insurance (XL, IN)   Life & Health Insurance 92 17 71 14

October 26, 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 fact-based Obermatt Method in the stock index Good Governance in Growth Markets from October 26, 2023.

Today's Top 10
More Top Stocks
Your Watchlist

Top 10 Stock History Good Governace Growth Markets



Obermatt Portfolio Performance
We’re so convinced about our research, that we buy our stock tips.
See the performance of the Obermatt portfolio.