20240208 DKK INR NOK SEK trades
Trades for Week#2 portfolios & thoughts for the earning season
Hi again to all readers., and welcome to the second month of the TCSI “Week#2” portfolio stock picks. “Week#2” is the group of DKK, INR, NOK and SEK-denoted portfolios that I will release on or around the 8th of each month, following the “Week#1” portfolios which include AUD, EUR, JPY and USD. As a reminder, these portfolios are a live and open presentation of TCSI “System Long” strategy trading strategy in action.
I’ve been busy working to further bulletproof my data sources so haven’t been paying much attention to the news cycle, but earnings season is upon us and soon much of the global market will release their annual reports for calendar year 2023. This will mean new data available, for more up to date analysis and, as a result, new investment opportunities are likely to appear. I am looking forward to it!
If and when I do check the financial news, I note that Nvidia stock has tipped over $700 USD and meanwhile half the world is predicting epic crashes while the other half dreams of an AI-inspired glorious dawn. Honestly, who knows? And really, I don’t care. Month after month, I commit what capital (read: cash) I can to those stocks that I indentify as the fastest growing, most highly profitable, and ideally with a long history of outperformance, when available at what seems like a justifiable price. Then I repeat.
This month’s trades were interesting as many of the stocks suggested by the TCSI ranking system appear to have had a rough 2023, with many stocks reporting reduced revenues, higher costs and reduced income as a result. That said, it is important to remember that the TCSI process is largely systematic, involves a multi-year time horizon and the rules and rankings involve multi-year economic performance, so one-year blips are not typically cause for concern.
The industries of stocks selected noticeably depends considerably on the country (lots of salmon farmers in Norway, it seems, whereas India markets include a high ratio of chemicals, industry and steel and unfortunately not as much IT as I really expected, as most is quite highly priced), but the strategy is not industry-specific and will go wherever the quality is.
If you need a brief refresher of what you can expect now and in future then I encourage you to refer back to the launch announcement, but without further ado, this month’s trades for the TCSI Systematic Long DKK, INR, NOK and SEK portfolios, with a denoted trade date of 08 February 2024 are as follows:
DKK denoted stocks (500 000 DKK)
CBRAIN - CBRAIN A/S: 20 shares @ $247.5
CHEMM - CHEMOMETEC A/S: 11 shares @ $450
CLPBF - COLOPLAST-B: 6 shares @ $785.9666
DSV - DSV A/S: 4 shares @ $1211
GMAB - GENMAB A/S: 3 shares @ $1935
NONOF - NOVO NORDISK A/S-B: 6 shares @ $828.7492
NVZMF - NOVOZYMES A/S-B SHARES: 14 shares @ $350.8593
PAAL B - PER AARSLEFF HOLDING A/S: 16 shares @ $304.5
RBREW - ROYAL UNIBREW: 11 shares @ $453
TOP - TOPDANMARK A/S: 16 shares @ $311.8
INR denoted stocks (5 000 000 INR)
506395 - COROMANDEL INTERNATIONAL LTD: 462 shares @ $1082.9
500120 - DIAMINES & CHEMICALS LTD: 1070 shares @ $467.5
541557 - FINE ORGANIC INDUSTRIES LTD: 111 shares @ $4503.55
513108 - GANDHI SPECIAL TUBES LTD: 617 shares @ $810.65
INNOVANA - INNOVANA THINKLABS LTD: 847 shares @ $590
532162 - JK PAPER LTD: 1209 shares @ $413.7
506532 - NITTA GELATIN INDIA LTD: 489 shares @ $1021.95
540725 - SHARE INDIA SECURITIES LTD: 263 shares @ $1899.85
513517 - STEELCAST LTD: 758 shares @ $659.85
500407 - SWARAJ ENGINES LTD: 211 shares @ $2367.8
NOK denoted stocks (500 000 NOK)
BRGO - BORREGAARD ASA: 31 shares @ $163
EPR-O - EUROPRIS ASA: 67 shares @ $74.9
KOGO - KONGSBERG GRUPPEN ASA: 9 shares @ $547
MEDIO - MEDISTIM ASA: 24 shares @ $210
MULTIO - MULTICONSULT ASA: 40 shares @ $126
NORCO - NORCONSULT AS: 187 shares @ $26.8
PROTCTO - PROTECTOR FORSIKRING ASA: 22 shares @ $222.5
RANAO - RANA GRUBER ASA: 68 shares @ $74
SALMO - SALMAR ASA: 8 shares @ $601
TOM-O - TOMRA SYSTEMS ASA: 50 shares @ $100
SEK denoted stocks (500 000 SEK)
CAG - CAG GROUP AB: 47 shares @ $106.5
FNOX - FORTNOX AB: 80 shares @ $62.24
GENI - GENERIC SWEDEN AB: 83 shares @ $60.6
HEM - HEMSTADEN BOSTADSAKTIEBOLAG: 17 shares @ $294.4
HTRO - HEXATRONIC GROUP AB: 231 shares @ $21.62
HMS - HMS NETWORKS AB: 11 shares @ $449.2
LIME - LIME TECHNOLOGIES AB: 15 shares @ $342.5
LUMEN - LUMENRADIO AB: 38 shares @ $131.4
NOTE - NOTE AB: 35 shares @ $141.2
PACT - PROACT IT GROUP AB: 54 shares @ $93.3
Stay tuned, I will be releasing the very first Week#1 portfolios’ monthly tearsheet reports for launch month of January 2024. Of course, one month (and one quarter and even one year) tells us nothing about how the TCSI strategy will perform over the long run. That said, I am happy to say that so far things look promising, and am excited to share progress.
Thanks for reading, more soon…