UAFRS vs As Reported Weekly Highlights - Asia - 2020 04 03
This week, Valens identified distortions and the corresponding adjustments to correct for those distortions for JOBS, 532953:IND, and 2379:TAI.
Realteck Semiconductor is a fabless designer and supplier of integrated circuits for network interface cards, or NIC ICs, and switches used in local area networks, or LANs. Co.'s principal products are the 10Mbps Ethernet and 100Mbps Fast Ethernet NIC ICs. Co. also designs and supplies integrated circuits for PC peripherals and multimedia products. Co.'s product lines comprised of data, voice, and image ICs. Co. organized its operation into five divisions: Communications Network Business Unit, Communications Network Marketing & Sales Division, Computer Peripheral Business Unit, Multi-Media Business Unit, UWB (Ultra-Wide Band) Business Unit.
V-Guard Industries Limited (V-Guard) is an India-based company engaged in manufacturing, trading and selling of electronic products. The Company's segments include Electronics, Electrical/Electro Mechanical and Others. V-Guard's Electronics segment includes products, such as voltage stabilizers, uninterruptible power supply (UPS) and digital UPS. The Company's Electrical/Electro Mechanical segment includes products, such as PVC Cables, Pumps and Motors, Electric Water Heaters, Fans, Switchgears, Induction Cooktops and Mixer Grinder. The Company's Others segment includes products, such as solar water heater and solar inverter. Its portfolio of products include VIC 05, VG 400, VG 500, VIC 2000, Insignia and Turbo Grind. The Company has its manufacturing facilities located at Coimbatore, Tamil Nadu; Kashipur, Utharakhand; Kala Amb, Himachal Pradesh, and SIPCOT Industrial growth center, Perundurai, Tamil Nadu, and Majhitar, Sikkim.
In 2009, just as the dust was settling from the last major equity and credit market crises, we launched a boutique research firm with the intention of breaking Wall Street’s biases and broken incentives:
- GAAP and IFRS have failed to provide rules for reliable financial statement reporting
- Stock analyst recommendations are not grounded in disciplined financial analysis
- Credit agencies have been set up to grossly fail in their responsibilities to investors and the public markets
- Utter lack of willingness of major research firms to employ the the most advanced forensic analysis available
We sought to provide investors and company analysts with a source of information that changed all that.
Many years later, our business model remains because little has changed on Wall Street.
- Corporate credit ratings remain years behind the fundamental underpinnings of company performance
- Stock analysts continue to make recommendations with deeply inherent biases
- Research firms have failed to break down the walls between credit, equity, and macroeconomic research
- The governing accounting bodies have created more leeway for mis-estimates and mis-classifications as financials have become unwieldy and overwhelming
The integrity of Valens Research is founded in our disciplined processes and analytics. No “star” analysts. No corporate advisory relationships. No-nonsense opinions and recommendations.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.