Morningstar Hong Kong & Singapore Stock of the Week (Q3 2023)
NIO Inc, Swatch Group, Taiwan Semiconductor Manufacturing Company (TSCM), BYD Company, China East Education, Country Garden and China Overseas Land & Investment (COLI), etc.
The Morningstar Hong Kong & Singapore channel on YouTube does short (usually 1-3 minutes long) weekly Stock of the Week videos (plus other videos) profiling primarily China, Hong Kong, Japan, and Singapore stock picks.
Stocks featured in their Q3 Stock of the Week and other videos (from newest to oldest - they did not do too many videos during the last quarter) covered in this post include:
NIO Inc, Swatch Group, Taiwan Semiconductor Manufacturing Company (TSCM), BYD Company, China East Education, Country Garden & China Overseas Land & Investment
In addition, there were a couple of interesting videos on the subject of Asian bonds in the context of China’s real estate developer problems. For example: In a recent survey they did, Macau gaming, Indian renewables and Indonesian corporates were mentioned as being favoured by Asian high-yield investment managers.
To make your life easier, this post includes:
A quick description of the stock pick with links to the IR page and stock quote(s) on Yahoo! Finance.
A link to any Wikipedia page (for what it might be worth…)
The title and a link to the accompanied video transcript and their very brief video summary of the stock.
The embedded video (again, they are usually 1-3 minutes long).
Forward or trailing P/E and dividend yields linked back to the Yahoo! Finance statistics page.
The latest long term technical chart linked back to Yahoo! Finance.
And as always, this post is provided for informational purposes only (and to make your life easier by providing you with relevant information, links, and charts). It does not constitute investment advice and/or a recommendation…
NIO Inc
Founded in November 2014, NIO Inc (NYSE: NIO) is a pioneer and a leading company in the premium smart electric vehicle market. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV, the ES7 (or the EL7), a mid-large five-seater smart electric SUV, the ES6, a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, the ET5, a mid-size smart electric sedan, and the ET5 Touring, a smart electric tourer.
NIO Correction: Entry Points for Patient Investors
Chinese electric vehicle makers seem to have weathered the subdued consumption sentiment in China and have delivered strong sales. Can the four leading manufacturers carry over the good year to the next? What buying opportunities have emerged from the diverging stock market performances? Our equity analyst Vincent Sun, answers these questions and goes into the analysis of stocks NIO and BYD as well as his overall outlook for the Chinese EV market in 2024.
Forward P/E: N/A / Forward Annual Dividend Yield: N/A (Yahoo! Finance)
Swatch Group
Swatch Group (SWX: UHR / FRA: UHRA / LON: 0QM4 / OTCMKTS: SWGAY) is a Swiss manufacturer of watches and jewellery. The company was founded in 1983 by the merger of ASUAG and SSIH to move to manufacturing quartz-crystal watches to resolve the quartz crisis threatening the traditional Swiss watchmaking industry. The Swatch Group is the second largest watch company in the world after Rolex and employs about 31,000 people in 50 countries. The group owns the Swatch product line and other luxury brands, including Blancpain, Breguet, Certina, ETA, Glashütte Original, Hamilton, Harry Winston, Longines, Mido, Omega, Rado, and Tissot.
Note: The Morningstar video also talks about Swatch’s exposure to the Chinese market. In addition, see this piece gives a good overview of the watch market:
Introduction to the global wristwatch market (Asian Century Stocks)
Commentary on the Apple Watch, polarisation of the market, watch collecting and more. Estimated reading time: 23 minutes
Swatch Analysis: A Stock to watch, but it's all about timing
Swatch is a well-recognized watch brand that has been around for many decades. While there is competition from newer 'smart' watch brands such as the new Apple Watch, Swatch is well-positioned for growth in the coming years. In this video, we'll discuss the reasons for this and how you can profit from this trend.
Forward P/E: 11.79 / Forward Annual Dividend Yield: 2.55% (Yahoo! Finance)
