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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Macro likely bottoming out; new clients’ revenue to drive sales grow...

​Upgrade from Hold to BUY: Makalot’s share price has fallen by 17% since we highlighted its lukewarm 2017F outlook in our Oct 17 note. However, we deem market expectations are already low, and observe US macro conditions are likely bottoming out, which indicates that end-demand may rebound. Some US channel stores saw stronger Oct sales vs. Aug/Sept, and many of their inventory changes YoY seem healthier vs. revenue changes. Makalot (after mid Nov) raised its 2017 revenue growth expectations ...

Weak macro weighing on 2016 outlook - 1477 TT; HOLD-OPF

​2016 is a harsh year for Makalot given multiple headwinds: weak macro in the US, unfavorable F/X, and new capacity in Vietnam.

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