chetan phalak

Equity investor (public and private). Founding Partner and CIO of Vihan

[chetan phalak @chetanphalak]

@TheFactFindr @AI_Feb21 @mostlymaven Which part ? Please inform us then. Information is power!

[chetan phalak @chetanphalak]

@AI_Feb21 Equitas Small finance bank - outperformed peers in NPA exposure management and growth plus reasonable valuation.

[chetan phalak @chetanphalak]

@soumyadeep_92 Thanks! we are gradually building capabilities. Hope you invested in some companies we cover!

[chetan phalak @chetanphalak]

Exactly. NIFTY EPS from pre covid 447 may have gone to 960. But we live in a very interconnected world. Only a few countries like Mynmar are truly decoupled. NOT India.

[Contrarian EPS @contrarianEPS]

Last time India was decoupled , it was 2007.

[chetan phalak @chetanphalak]

@indiacharts Exactly. Float in mnc stocks is very low and pe is very high

[chetan phalak @chetanphalak]

@sahil_vi @Chins1729 hdfc or any other retail research covering a high momentum stock is usually a sign of peak :( poor retail research guys a fifth of compensation that high grade insti research guys get, and have to generate 3-10x the volume of reports.

[chetan phalak @chetanphalak]

@anishmoonka @theHarshFolio @JayShah2392 Zerodha bro!

[chetan phalak @chetanphalak]

@KanishkaDavda @Chins1729 value is in vogue, but planning to grab GARP while its reasonable. perhaps in the next dip as winter and cost of living crisis sadly arrives in developed world :(

[chetan phalak @chetanphalak]

@kvm93smc12 @tushar9590 Yes - NPAs are definitely moderating to 3% Gross and 1.5% Net NPAs over FY23 and FY24. CEO change is going to be done only if and when successor if found (internally or externally). the key reason for me to be bullish is the 30% credit growth - i am happy with 20%!

[chetan phalak @chetanphalak]

@ShrinidhiBajor1 read about small finance & retail banking ,
1. https://t.co/2DNiXDO3Tx
2. https://t.co/kAB2nvRQk5 :)

[chetan phalak @chetanphalak]

@simrat11exp @Chins1729 Completely agree. when the clouds of margin erosion worries fade, interest in these cash flow machines will be back. However, investors have now learnt that these are semi-innovative product 'treadmills' and hence upside will not be euphoric though.

[chetan phalak @chetanphalak]

@Chins1729 Thanks ! You forgot City Union Bank, IDFC Ltd, And most importantly Shriram Transport finande .........@harshkhatri111 made a killing in city union bank and shriram transport I think.

Understanding the reasons behind mispricing is also important! Risk is that you can get stuck!

[chetan phalak @chetanphalak]

@BennYNagraJ @AI_Feb21 I get annoyed by their password change policy. They really need to get their stuff together on many things..but mathematically they do well every year ...

[chetan phalak @chetanphalak]

@ShrinidhiBajor1 @AI_Feb21 Derivatives - used for hedging. But they also could have entered into complex securitisation transactions , removing some exposures from the book , collecting fee income (mostly annually or one time)

[chetan phalak @chetanphalak]

@ShrinidhiBajor1 @AI_Feb21 Mostly they are undrawn overdrafts *both corporate and retail)

[chetan phalak @chetanphalak]

@AI_Feb21 Icici and federal bank have best collaborations with fintechs.

[chetan phalak @chetanphalak]

@thekaipullai Infosys if they want to stick with copying. Ruchi Soya to be hilarious and insert ramdevji in script.PaytM or Zomato so that Lal goes bankrupt and has to start all over again in life ;)

[chetan phalak @chetanphalak]

@theHarshFolio @anishmoonka I have initiated a position in Mrs Bectors but allocation is still very low. They have leadership in pao supply ;), but don't know if valuation is reasonable in terms of EV to Ebitda. I have never liked discussing companies on price to sales, so I look at others for such DDs