Asian markets saw powerful rallies during February, particularly China and India.
This was good news for Red Cobra, which clocked up good gains in its long book, a 6.68% monthly return taking three-month numbers to 14.37%.
Among the best-performing stock holdings were Jubilant Foodworks and Domino’s Pizza franchise in India, which delivered excellent quarterly results with same store sales up over 30%. Red Cobra’s managers believe Jubilant could replicate the success that Yum! and KFC have seen in China.
During February, the managers added a position in Bata India, the country’s leading footwear retailer. Having spent the past