EnInvs

Founder of Enhanced Investments, mostly invest in rapidly growing or commodity players; download EnInvs App at AppStore

[EnInvs @EnInvs]

Company card with live multiples, the model and the underlying filings: https://t.co/y08ICb4kYj

[EnInvs @EnInvs]

PBF Energy reported Q2 2026 today. The stock is up ~16% on the day and ~74% since the June 25 note. The US refiner ETF is up 22% over the same stretch, so most of the move came from the name rather than the sector.

[EnInvs @EnInvs]

Full analysis: https://t.co/5zQBBdtSjW

[EnInvs @EnInvs]

The Alcoa rally is already priced in - our model shows negative upside to fair value. Cheap names left in commodities: refiners PBF and Valero, container shipper ZIM. Live upside estimates for ~600 companies across 10 markets: https://t.co/EjvNosTrqa

[EnInvs @EnInvs]

US bank earnings season opened with records. JPMorgan printed the best quarter in its history: $57.3B revenue (+28% y/y), $21.2B net income (+41%). Morgan Stanley +43% revenue, BofA +19%, Citi +14%, Wells Fargo net income +17%.

[EnInvs @EnInvs]

Drivers: trading desks and investment banking on volatile markets and the M&A/IPO revival. Beyond banks: Intuitive Surgical +19% revenue, PepsiCo profit normalized after last year's write-offs, Alcoa EBITDA nearly tripled on aluminum recovery.

[EnInvs @EnInvs]

Hedged USD math: ~9% net dividend + ~10% EPS growth - 2.8% hedge = ~15-16%/yr before any re-rating. Risks: Danantara governance, directed lending, NIM compression. Full analysis with charts and monthly data: https://t.co/IBWbACWmr7

[EnInvs @EnInvs]

Indonesia's #2 bank trades at 4.8x earnings with a ~9% net dividend and profit accelerating +18% y/y. The classic frontier-value setup, built on primary filings. A thread on Bank Mandiri (IDX: BMRI, US OTC ADR: PPERY).

[EnInvs @EnInvs]

FX: the rupiah already fell 14% under Prabowo, and 1Y forwards price just 2.8% depreciation - the entire currency risk hedges for a quarter of the dividend. For comparison: hedging RUB costs ~9%/yr and KZT ~13%/yr, while both sit at multi-year real-exchange-rate highs.

[EnInvs @EnInvs]

Scenarios from ~$40: base (crack $30-35) ~$58, +45%; bull (holds 24 months) ~$85, +112%; bear (crack to $20) ~$29, -28%. Asymmetric to the upside, but a high-volatility bet. Full analysis: https://t.co/5zQBBdtSjW Not investment advice.

[EnInvs @EnInvs]

US refining margins are running at roughly double their historical norm - and unlike past spikes, this one looks largely structural. The most leveraged way to play it is PBF Energy ($PBF): a pure-play refiner trading near 0.9x book. A deep dive.

[EnInvs @EnInvs]

That signal underpins our Global Commodities strategy: ~28% CAGR 2016-26 vs ~14% for the S&P. On book value - a cleaner cyclical anchor - PBF trades ~0.9x vs a 1.1x median and 2.5x peak. Past supercycles saw refiners run +50% to +260%.