About GMT Research

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GMT Research is an accounting research firm focused on Asia and regulated by Hong Kong’s Securities and Futures Commission. We develop proprietary methodologies to detect financial anomalies, or traits similar to past accounting shenanigans. We have three main product lines.

Written Research

In-depth Thematic

We will pick a specific theme, such as how to spot companies boosting profits through Acquisition Accounting, explain the accounting behind it, and then highlight companies with similar traits.

High Conviction Single Stock Ideas

We highlight individual companies where the accounting masks the economic reality, possibly through window dressing, profit manipulation or by faking sales.

Screening Tools

GMT Research has developed an Accounting & Governance (A&G) Screen which conducts a peer group comparison to highlight potential financial or accounting anomalies within a company’s financial statements. We have developed modules which alert users to whether a company has financial traits in line with past frauds or accounting shenanigans. We are able to search across markets for companies with specific financial or accounting traits.

Client Interaction

We offer a limited bespoke research product where we provide a written interpretation of the output of our Accounting & Governance Screen. We are also available for conference calls and meetings on written reports and other matters (e.g. general accounting questions). We offer crisis management on companies recently targeted by a short-seller.

Who We Are

GMT Research was founded by Gillem Tulloch, an industry veteran of financial analysis and research across Asia. GMT Research is committed to delivering insightful, interesting and informative reports.

  • Gillem Tulloch
  • Lisa Mangkornkarn
  • Nigel Stevenson
  • Mark Webb