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Value Partners' Top 5 Second Quarter Stocks

Holly LaFon

Holly LaFon

277 followers
Founded in 1993, Value Partners (Trades, Portfolio) is a Hong Kong-based asset management company seeking under-followed and out-of-favor stocks in the Asia Pacific region.

Managers in the second quarter said they have positioned their portfolio to take advantage of the positive developments they expect for the second half of the year:

“Against the backdrop of some of these positive measures, and in anticipation of better indicators ahead, we are optimistic about the second half of the year for Chinese equities. Consequently, we have taken a more proactive stance in our portfolio. We have continued to find more value in Hong Kong and China markets and are convinced that now is the right time to stay heavily invested. In the second quarter, consumer stocks have been the key contributors to the Fund while healthcare stocks have been the main detractors. Traditional ‘old economy stocks’ have helped portfolio performance during the period…”

Value Partners (Trades, Portfolio)’ second quarter portfolio contained 86 stocks, of which 37 were new. The portfolio’s value was $1.2 billion.

The top five new stocks

Lijun International Pharmaceutical (Holding) Co. Ltd. (HKSE:02005)

Value partners purchased 188,938,000 shares of Lijun International in the second quarter, making it 5.9% of the portfolio. The stock’s price averaged HK$3 for the quarter.

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Lijun International Pharmaceutical (Holding) Co. Ltd. Lijun International Pharmaceutical (Holding) Co. Ltd. has a market cap of $11.08 billion; its shares were traded at around $3.80 with a P/E ratio of 27.00 and P/S ratio of 4.06. The dividend yield of Lijun International Pharmaceutical (Holding) Co. Ltd. stocks is 1.06%. Lijun International Pharmaceutical (Holding) Co. Ltd. had an annual average earnings growth of 10.20% over the past five years.

TCL Communication Technology Holdings Inc. (HKSE:02618)

Value Partners (Trades, Portfolio) purchased 28,812,000 shares of TCL Communication Technology, making it 2.8% of the portfolio. The stock’s price averaged HK$9 in the second quarter.

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TCL Communication Technology Holdings Ltd. was incorporated as an exempted company with limited liability in the Cayman Islands on Feb. 26, 2004, under the Companies Law. TCL Communication Technology Holdings Ltd has a market cap of $11.1 billion; its shares were traded at around $9.30 with a P/E ratio of 39.0 and P/S ratio of 0.58. The dividend yield of TCL Communication Technology Holdings Ltd stocks is 1.05%.

Shenzhou International Group Holdings Ltd. (HKSE:02313)

Value partners purchased 8,043,000 shares of Shezhou International Group Holdings, making it 2.2% of the portfolio. The stock’s price averaged $27 in the quarter.

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The company is a vertically integrated knitwear manufacturer based in China. Shenzhou International Group Holdings Ltd. has a market cap of $32.67 billion; its shares were traded at around $24.00 with a P/E ratio of 13.80 and P/S ratio of 2.48. The dividend yield of Shenzhou International Group Holdings Ltd. stocks is 2.36%. Shenzhou International Group Holdings Ltd. had an annual average earnings growth of 11.30% over the past five years.

China Gas Holdings Ltd. (HKSE:00384)

Value Partners (Trades, Portfolio) purchased 11,912,000 shares of China Gas Holdings, making it 2% of the portfolio. The stock’s price averaged HK$13 for the quarter.

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China Gas Holdings Ltd. was incorporated in Bermuda as an exempted company with limited liability. China Gas Holdings Ltd. has a market cap of $69.03 billion; its shares were traded at around $14.14 with a P/E ratio of 26.80 and P/S ratio of 2.65. The dividend yield of China Gas Holdings Ltd. stocks is 0.61%.

Lenovo Group Ltd. (HKSE:00992)

Value Partners (Trades, Portfolio) purchased 17,188,000 shares of Lenovo Group in the second quarter, making it 2% of the portfolio. The stock’s price averaged HK$9.

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Lenovo Group Ltd. is a personal technology company engaged in manufacturing and marketing of technology products and services such as personal computers, servers, laptops, workstations, mobile Internet devices, tablets and smart phone. Lenovo Group Ltd. has a market cap of $121.34 billion; its shares were traded at around $11.70 with a P/E ratio of 71.60. The dividend yield of Lenovo Group Ltd stocks is 2.06%. Lenovo Group Ltd. had an annual average earnings growth of 20.60% over the past 10 years. GuruFocus rated Lenovo Group Ltd. the business predictability rank of 3-star.

For more Value Partners (Trades, Portfolio) stocks, visit their portfolio here. Not a Premium Member of GuruFocus? Try it free for 7 days here.


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