129 Wealth Trust

Bottom-up fundamental analysis with a preference for asset-light business models that grow while maintaining quality balance sheets with sufficient cash flow from operations, headed by professional quality management with competitive advantages or business moats. Key analytical criteria: debt-to-equity ratio below 1 (or decreasing), average ROE and ROCE above 12% (or increasing), comfortable working capital cycle, zero pledged shareholding, and growth without excessive debt. Prefers stocks touching higher highs rather than 52-week lows regardless of valuation attractiveness. Long-term approach with disciplined short-term profit booking when warranted.