Simrat

@compoundingaiin Windlas, innova are not even cdmo. Cdmo is very abused and over used term. They are cmo doing generic manufacturing. High valuations simply reflect some ip in other names while pure white labelers get lower pe.

1/9 Main thesis: why the builders trade cheaper We looked at 12 listed Indian CDMOs and built the capex intensity matrix - announced multi-year capex as a percentage of current market cap. Clear finding: the companies spending the most relative to their size are, almost uniformly, the cheapest by P/E. That seems backwards for a sector where capex is a leading indicator of future revenue capacity. Here's why it's the right analytical question to ask.

We now have a 5 bagger since I talked about AT&S here variantperceptions.substack.com/p/the-ai-stock… Ingredients of a 5 bagger in 6 months - 1. Cheap valuations/ability to attract lots of new crowd 2. Explosive growth potential 3. Favourable theme

AT&S $ATS operating in beast mode here - Expanding production in Malaysia, supported by customer financing - Guided for 45-55% revenue growth (from 30-35%) - EBITDA margin: 32-37% (previously 25-29%) 😲 Current stock price of 150Euro actually looks cheap after this

@atelicinvest Thats why we already have agi

Confession time. I already trust LLMs a lot more for accuracy and reliability than the vast majority of humans I've interacted with Obvs, this is not the same as I think they're always right, or that they never do dumb shit. Or never fuck shit up. But I think I'm not thinking through the implications of this clearly enough.

@3bagsfulll Its actually a quality company which has its own cycles. Not a sexy company in era of ai, tech, hard engineering..

Not an quality company. But multiple things aligning for this rice exporter. 1) Capex in place 2) Low cost rice inventory stocked up 3) Tarriff overhang gone 4) Chart has bottomed and probably reversing on strong volumes. 5) Low float so exit will be equally important.

GMM Pfaudler is working with Micron and Intel. Wish they were bigger proxy, but lets see if times ahead accelerate growth overall as there is some buzz coming back in chemicals.

Reading a business, liking everything until I discover that they have used portion of excess cash for purchasing Bitcoin ETF.

Imagine that I am having a conversation with AI where it has to ground answers based on docs on my laptop. So its not static. I can go into a conversation thread with it. Why I can't use claude or Gemini apps because each session has different context plus voice mode and quality is very ordinary in these apps. So I usually do handsfree conversation during walking or gym.

@simrat11exp but the prompt can be static right? past concalls and all can be directly fetched

My new AI productivity hack - I often get the itch to dig into a company or a topic while I'm away from my laptop, but that's exactly where all my documents and context live. So I built a bridge: I message a Telegram bot from my phone, code running locally on my Mac picks up the prompt, queries an LLM (Claude/Gemini/Deepseek) against the documents on laptop, and sends the answer back as a voice note, usually within a minute or two. The only cost is the LLM API call; voice generation is free, handled by an open-source TTS model running on the Mac itself.

@kaustiwari They hold context, could be books, notes, bunch of past n concalls for a company etc etc.

@simrat11exp what is special about the "documents on disk"?

@mehtas7887 Basically, whatever prompt I give. Lets say I ask about summarising some concall, it will send me voice note with a summary. So I can talk about any topic with it over telegram.

@simrat11exp Sir means what is the outcome u received as a voice note ?is it giving you same data outcome?

@mehtas7887 Meaning?

@simrat11exp Any example of outcome?

@labubu_trader If true, huge for AT&S who are basically using their entire facility in Malaysia to manufacture substrates for $AMD

This weekend has been about spawning dozens of Claude agents to analyse 800+ concalls and help me generate new ideas - new companies which I never read before or old companies which I have not revisited for some time. Lot of names do not come up on technical scans these days due to narrow breadth and crowding in handful of names. Even 1-2 good ideas from this vast pool can drive returns in 2027/2028.

Looking at a micro-cap infra solutions business growing 35-40% and can grow PAT 2.5-3x in next 3 years effectively trading at 5-6x fwd. PE. The business is from unsexy sector - infra but its not an EPC or developer business but a kind of an aggregator + platform + services led business model trying to bridge fragmented supply with demand. On first glance it looks like a trading business but a deeper look, its moat is using lot of tech + operational rigour to extract value in a tough sector.

"You’ve heard the rumblings. Read the headlines telling us that AI will make developers obsolete. That anyone can code now. Just describe what you want to do, and tools will take care of the rest. That the era of the professional developer is over. We’ve seen and heard this before. Early assembly programmers were told that compilers would make them redundant. Instead, compilers elevated the level of abstraction and opened software development to far more people. What once required deep hardware expertise became an act of logic and creativity. Entire industries emerged because software became something many could build. Businesses, research labs, and universities suddenly had the ability to create their own tools. In the 2000s, operations engineers expressed similar concerns when cloud computing arrived. They feared automation would make them obsolete. Instead, it lowered barriers to experimentation and created an explosion of new projects, new companies, and new engineering roles. Every simplification produced greater demand. Each technological leap forward has followed a similar pattern. Tools evolve, workflows change, and complexity increases, yet the core attributes of great developers remain constant. Creativity, curiosity, and systems thinking have continued to define the craft. Time and time again we have seen that lowering the barrier for entry doesn’t eliminate the need for human expertise, it amplifies it. Generative AI lets us generate code in seconds, but if you put garbage in, you get really convincing garbage out. The AI doesn’t sit in budget meetings where leadership debates whether to optimize for cost or performance. It doesn’t understand that the customer service system needs five 9s of uptime while the internal reporting dashboard can go down during peak sales periods. It can’t read between the lines when a stakeholder says, “make it fast” but might mean “make it cheap.” The politics, the constraints, the unspoken priorities that shape every technical decision are nuanced and require a developer who understands why it matters to the humans who pay for it and the humans that will use it." Wonderful read - allthingsdistributed.com/2025/11/tech-p…

@varadprm Yeah I meant it might be sub par roic thing but economics can improve if right atmosphere is created, conducive pitches and rivalry is there.

@simrat11exp People didn't fund T20s because they liked it over Test cricket. Economics are better in T20 cricket.

Test cricket is such a lovely sight after boring and overloaded T20s. I wish some billionaire had been a test cricket fan to fund it for the majority of the year.

@reselfff It can only improve if people play and prioritise it more.

@simrat11exp The quality of Test batting is nowhere near how it was a decade or two ago.