The Scarcity Trade
The bottleneck trade.
I find underfollowed Taiwan / Korea / Japan small-cap dislocations, semis, holdco/NAV, and special situations, before the activists or the consensus do.
A holdco at ~20% of NAV, with three catalysts to close it.
Who
Dheeraj Namburu, independent analyst, NYC. Software engineer; Brown (Econ + CS); researching equities since 2022. LinkedIn · X · GitHub
What you get
1–2 actionable Asia small-cap ideas / month: local filings, NAV/SOTP, catalysts, and bear/base/bull with MOIC.
The edge
An AI pipeline I built screens ~68,900 global small-caps into a ranked watchlist; I underwrite the survivors by hand.
I was demonstrably first.
Not a backtest. A public, dated paper trail. The clearest example: I published the 2316.TW value-unlock thesis, and the activists showed up weeks later.
More live setups, names shared on a call.
~5× forward earnings, comps near 60×
A profitable, underfollowed name trading at roughly 5× forward earnings while its closest comps trade closer to 60×, a multiple gap I expect to compress.
Always 2–3 live setups
Beyond the names teased here, I'm usually tracking a couple more underfollowed dislocations. Get the names and the full work on a 15-minute call.
Book a 15-min callDifferentiated sourcing, cleanly underwritten.
Local-language filings, forward order-book reconstruction, comparable valuation, catalyst mapping, and bear/base/bull price targets with MOIC, on names that don't yet show up on English screens.
Actionable ideas / month
Underfollowed Asia small-cap dislocations with a clear catalyst path, for a small number of funds.
The niche
Semiconductors & AI supply chain (HBM, PCB, semicap, test/handler), holdco/NAV discounts, preferred/common gaps, restructuring, event-driven & activist setups.
Clean & auditable
Every thesis carries source provenance. General, impersonal published work; bespoke research for a select few. For institutional discussion only.
global small-caps, triaged by AI, then underwritten by hand.
I built an autonomous pipeline that generates structured fundamental theses across ~68,900 unique small/micro-caps in ~156 countries, distilled into a ranked top-100 watchlist. The survivors get deep human work; the watchlist is where the bottlenecks surface.
The watchlist below is AI-generated triage: informational only, not investment advice, and the starting point for human diligence rather than conviction calls. Figures are model-scraped and need verification.
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New theses and the occasional gated setup, sent as I publish. Or grab a full sample thesis to judge the work first.
Download a sample thesis (2316.TW) →