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Nirgunan Tiruchelvam
Head of Consumers Equity Research @ Tellimer Research
Nirgunan is Head of Consumer Sector Equity Research, based in Dubai. He has a strong thematic perspective on the consumer sector across FM and EM, built on the foundations of his experience and network in ASEAN. He previously served in equities leadership and consumer/commodities equity research roles in ASEAN at BTIG, Standard Chartered and RBS/ABN Amro Asia.
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Latest articles from Nirgunan Tiruchelvam
Coupang: An attractive entry point for one of the best Baby Amazons
We reiterate our Buy recommendation on Coupang with a TP of US$48, implying 82% upside. Other Korean Tech stocks such as Kakao and Naver have also underperformed by a similar degree. This provides an attractive entry point for one of the best Baby Am...
Nirgunan Tiruchelvam @ Tellimer Research 14 October 2021
Three palm oil producers that adhere to ESG and are good value
The palm oil industry has been under pressure from environmentalists for over 20 years. The body set out to create a standard for sustainable palm oil. In 2007, the RSPO formulated Principles & Criteria for Sustainable Palm Oil. It typically trades a...
Nirgunan Tiruchelvam @ Tellimer Research 12 October 2021
Flash Report /
Global
Riding the Singapore reopening: Eight stocks that could benefit
Singapore has announced "vaccinated travel lanes" (quarantine-free travel) with several countries, including the UK, the US and Canada. These will come into effect from 19 October. Over 80% of Singapore’s population has been vaccinated. But, despite ...
Nirgunan Tiruchelvam @ Tellimer Research 11 October 2021
Wilmar set to surge due to China's energy crisis
Wilmar International – China's largest soybean processor and the world's largest palm oil processor – is set to benefit from the extreme electricity shortage in China, which is feeding into the food supply chain. There are also reports of soybean pro...
Nirgunan Tiruchelvam @ Tellimer Research 8 October 2021
Flash Report /
Global
Ovo deal places Grab on a pedestal in ASEAN super-app battle
Grab has boosted its ownership of Indonesian mobile wallet player Ovo to 90% by buying out rival Tokopedia. We value Grab’s financial services segment at US$17.3bn. We reiterate our Buy on Altimeter Growth Corp, the SPAC that Grab is merging with. Ou...
Nirgunan Tiruchelvam @ Tellimer Research 5 October 2021
ESG issues will prevent palm oil producers joining the new commodity boom
In April 2019, in the pre-Covid era when investors would meet companies in person, we took the management of Golden Agri on a roadshow to Europe. Golden Agri is Indonesia's largest palm oil producer and has 536,877 hectares of land as of June 2021. G...
Nirgunan Tiruchelvam @ Tellimer Research 30 September 2021
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