@IndiaRatings published its latest report on #SequentScientific

Here are the key parts πŸ‘‡πŸΌπŸ‘¨πŸΌβ€πŸ”¬
Sequent has been on a product launch spree.
With the only USFDA approved animal only dedicated facility in India, sequent has commercialized

πŸ§ͺ 32 APIs
πŸ“œ Filed 23 DMFs
πŸ₯ƒ Pipeline for 35 Formulations
Majority of these products are in high margin injectable business.

Sequent also acquired a Germany based R&D business which will further strengthen its R&D Pipeline.
M&A Flood gates are about to open

Sequent has acquired 8 businesses so far. Post their detailed review from Stonehaven, I expect this to number to dwarf compared to the size that's about to come.
Great business profile with a highly diversified product mix and move towards high margin business.

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More from @itsTarH

14 Jun
Wuxi Biologics Revenue (in CNY)
2017: 1.6 Billion
2018: 2.5 Billion
2019: 4 Billion
2020: 5.6 Billion

Has a backlog of orders worth USD 11 Billion+
Various stages and potential revenue in each stage for a CDMO
Even after increasing their capacity at a rapid pace, Wuxi still has a backlog which is growing at 50% per year.

Imagine the demand for a Biologics CDMO in the industry.
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12 Jun
Its the weekend!

Grab a cup of coffee, in this thread I will explain

1. What are Porter's 5 Forces?
2. How to use them while analyzing a business?
3. What information can they tell you about a business

We will be analyzing Divis Labs as an example.

Lets dive right in.
Michael Porter, is a business and economics professor at Harvard Business School. He is the author of more than 20 best sellers, all written on the topics of competitive advantage, his expertise.

He is most famous for his work on 5 force model which was first published in 1979.
Porter's 5 Force model is used to identify competitive advantages a company has amongst its peers and in an industry it operates in.

A simple 5 point analysis can help anyone determine whether a company enjoys certain advantages that its peers do not have.
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7 Jun
Not everyone has the resources to enter Biosimilar markets

The science of #Biocon remains unseen, esp. by CSLA analysts.
A biologic compared to a generic drug.
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6 Jun
Sharing my Investing Principles πŸ”‘

I wrote these when I first started direct equity investing and occasionally revisit them, time and again.

Writing these principles have helped me avoid major pitfalls and stay true to what I think is my investing ideology.

πŸ‘‡πŸΌ
These principles are based on the lessons I have learnt by observing the giants and titans in the industry.

From Lynch, to Buffett, to Munger, Druckenmiller, to Klarman, to Pabrai and many others.
Principle # 1
Never Lose Your Capital
Read 10 tweets
5 Jun
Its the weekend!

Grab a cup of coffee, in this thread I will explain

1. What is Proxy Investing?
2. How to apply it?
3. What are the benefits of Proxy Investing?

Thread includes examples of few famous proxies from history.

Lets dive right in.
The famous example of proxy investing always quoted is the California Gold Rush

In 1848, approximately 300,000 people migrated to California from various parts of the US to dig for gold
The news was, Cali was rich in gold and almost everyone who was digging was able to find it.
This sudden influx of migrants digging for gold meant demand for certain commodities went through the roof.

These commodities included
- Daily Ration
- Picks and Shovels
- Denims

Yes, Denims!

Denim is a hardened material, originally developed for miners and doesn't tear easy.
Read 35 tweets
5 Jun
All my Threads so far 🧡 πŸ‘‡πŸΌ
The One with the Cash Flow Explained πŸ’°
The One with Free Cash Flow Explained πŸ’Έ
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