EM Fund Stock Picks & Country Commentaries (June 23, 2024)
Investing in India's growth, SA moves from a Zimbabwe valuation to just a poor valuation, Nigeria reforms to help bank stocks, Comfortdelgro, Mobileye, Vietnam + Sri Lanka trip reports, etc.
As we enter late June, more May factsheets and new research have become available:
🚨 MoneyWeek recently had this piece mentioning a number of UK listed emerging market trusts: An asset class ready to bounce - Emerging-market investment trusts offer access to some of the world’s fastest-growing economies, says Max King
🚨 The full report from PGIM has sections covering Australia, Japan, Southeast Asia, and India plus investment strategies, but no specific stocks are mentioned: Building Asia-Pacific's Future - There are four underlying themes to consider when assessing the infrastructure landscape in Asia-Pacific:
Asia-Pacific countries have unique infrastructure needs and challenges.
Four Ds are driving major change: demographics, deglobalization, digitization and decarbonization.
Infrastructure financing flows through both public and private markets.
Digital infrastructure is a fast-growing sector in Asia-Pacific, driven by AI and the cloud.
This 20 page slide deck from Invesco might be of interest: 2024 Mid-Year Investment Outlook: Opportunities amidst divergence
The following Asia focused funds or fund managers have new factsheets, commentaries, research pieces, podcasts or webinars that would interest investors in Asia:
📈🇸🇬 Presumably based in Singapore, Corporate Monitor was recently launched to publish regular research reports offering ‘actionable intelligence’ for stakeholders. Their first report was about Singapore transport operator Comfortdelgro Corporation (SGX: C52 / FRA: VZ1 / VZ10 / OTCMKTS: CDGLF / CDGLY) who operates in seven countries and has a global fleet of about 34,000 vehicles: ComfortDelgro: Core Highlights on Performance, Strategy & Governance 2024 and ComfortDelgro: Analysis of Performance, Strategy & Governance 2024
🇨🇳 abrdn has this piece: China’s clean technologies: the risks and opportunities of oversupply - Clean technology is good for the climate. But what happens when supply outpaces demand?
📈🇨🇳 Krane Shares has this piece with a useful graphic: How to Buy the Same Stocks as China’s Sovereign Wealth Funds
🇨🇳 KPMG China has this slide deck: China Economic Monitor: 2024 Q2 - The report analyses the latest trends in the macro economy and policy developments.
