Research Overview and Methodology

Research Overview

and Methodology

Enter our Research Room to get a scoop of our methodology on getting you everything you need to make the right investing decision in the markets.

Kalkine’s Stock Selection Framework:

At Kalkine, our research moves beyond the traditional boundaries of the stock selection process. The key stock-picking approach has evolved over the years considering both external and internal factors. Kalkine’s research team keep a close watch on the key macro-economic indicators that may impact the market sentiments including inflation, interest rate, socio-political environment, GDP growth rate, etc. Typically, a distinctive framework is followed to conduct the fundamental company-specific research as charted below:

Our Unique Methodology in Valuing Stocks:

Our rich understanding of the industry dynamics and the evolving businesses per se strikes the right chord with prudent investors. An extensive research based on both fundamental as well as technical analysis is conducted before providing any stock recommendation.

At Kalkine, the research team takes a holistic view to help investors undertake insightful investment decisions post requisite in-depth due diligence at their end. The key attributes driving our stock selection process are noted below:

Trending Sectors

The research team understands the pulse of the market and apply a theme-based approach. Sectors that are trending and carry the potential to unlock the underlying stock value are considered. Typically, sector in-built characteristics are looked at to identify stocks that are industry best fit.

Robust Fundamentals

Our investment philosophy is built on our unique approach to deep-dive company fundamentals as highlighted above coupled with resilient management in steering the business cycles and uncertain environment.

Corporate Actions

Scanning the company developments including corporate actions, and their weight on the stock analysis is practiced diligently before any recommendations.

Appropriate Valuation Method

The valuation method (Relative Valuation, DCF Valuation etc.) is carefully chosen to reflect the fundamentals and strength of the sector. The key business prospects with management guidance to give a real-time sense of valuation are factored in.

Technical Analysis

Stock prices often move up and down creating an identifiable price-pattern. Typically, technical analysis can gauge this pattern. To benefit from price trends, the key technical indicators are considered before providing any recommendations.

Investment Risks

Both systematic and unsystematic risks associated with the sector and relevant stocks are considered while providing our recommendations.

Classification of Companies (in USD):

Kalkine is versatile in covering companies with different market capitalization. Our valuation approach is crafted to suit companies with varying fundamentals.

Recommendations:

Kalkine’s recommendations are of generic nature and do not take into account your investment objectives, financial situations or needs. They have been classified into the following categories:

BUY

This recommendation stands for stocks that can be considered for further evaluation by investors for a ‘Buy’ position. An extensive analysis-based methodology is used for this purpose. Though there are no guarantees, all odds and probabilities are considered instead of certainties.

SPECULATIVE BUY

‘Speculative Buy’ recommendation is given on stocks that have the potential to yield higher returns, however, they carry higher risks which may be due to the underlying business model, low market capitalization, evolving fundamentals, etc.

HOLD

These are the stocks investors should ‘Hold’ in the expectation of an improvement in their prices and potential upside or the same may require additional analysis over time before further action.

SELL

‘Sell’ recommendation on stocks is provided after carefully evaluating all the parameters impacting the stock price. Sell Recommendation given is not entirely dependent upon market movement instead a stock-specific approach has been followed.

EXPENSIVE

These are the stocks that may be trading at higher valuations, and therefore are assigned an ‘Expensive’ rating considering the current trading levels, underlying risks, and associated reward profile of the business.

AVOID

These are the stocks that investors should ‘Avoid’ considering the risks involved, and potential reward expected from the business at the current trading levels.

WATCH

These are the stocks that investors should ‘Watch’ for the right entry price point and direction confirmation considering the risks involved, and potential reward expected from the business at the current trading levels.

Our Focus is on the Long-Term:

As a business, Kalkine endeavors to be always:

Disciplined and Consistent

A rigorous process to identify the investment opportunities is adhered. A team of intellectually curious, analytical, creative, and deeply passionate analysts prepare the research products.

Innovative

A streak of innovation is generally required in identifying the real opportunities that may have the potential to outgrow the market. Kalkine helps you research such businesses and provides you with the new investment ideas every week.

Client-Focussed

Closure of certain Recommendations Provided on stocks Based on Technical Analysis

Any stock which has been provided with a “SPECULATIVE BUY” recommendation at a particular date, along with the ‘Entry Price’, Technical ‘Support’ and ‘Resistance’ levels can be closed either when a subsequent ‘SELL’ recommendation report later or the recommendation is closed driven by any of the automatic triggering events as explained below:-

1) ‘Indicative Stop-Loss (SL)’ Hits or 2) Resistance levels Mets or target Hits’. In all such cases, a ‘ SELL’ Recommendation Report is not published.

Also, the ‘Exit Price’ mentioned in case automated triggers can either be the
1) Recommended ‘Indicative Stop-Loss’ Level
or
2) ‘Resistance Level/Target Levels’ of the stock mentioned in the report at time of providing the recommendation as appropriate. In such cases, a reference notes as stated below will be mentioned in the Recommendation Report:-

Note: IN PREFERENCE to ‘speculative buy’ recommendations investors may evaluate for ‘sell’ position if the resistance levels Indicated above ( As per Technical analysis) have been met. However, this is subject to risk taking appetite of the investor and other factors as discussed in the report.

Product Portfolio:

Product Portfolio:

Weekly Research Product: Research reports that are published weekly include Investor Report, Penny Stock Report, Resource Report and Technical Analysis Report.
Fortnightly Research Products – Research reports which are published on a fortnightly basis include Dividend Income Report, Gold Report, American Tech Report, etc. The Fortnightly Research Products aims to cover at least 2 stocks in a month.

Every year during the Easter Week, Christmas Week, and New Year Week, Kalkine Main Reports as mentioned above are not published. However, Kalkine Dailies are published during all the trading days.

Member Support:

As a part of membership to “KALKINE” Reports, we provide subscribers the ability to call and speak to their account manager in regards with any questions that they may have about the reports between 9:00 AM – 6:00 PM Monday to Friday. The information given by “KALKINE” and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. In summary, “KALKINE” is happy to answer calls regarding our published material, however, due to strict compliance requirements, we simply cannot answer questions related to your personal financial circumstances.

Disclaimer

Kalkine Canada Advisory Services Inc. is authorized to provide general advice only. The information on this website does not take into account any of your investment objectives, financial situation and the particular needs of any particular person. Before you make a decision about whether to acquire a financial product, you should obtain the product disclosure statement from the product issuer. You should consider the appropriateness of the advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions.

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Research Overview