Cederberg Capital Ltd recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
91 JERMYN STREET LONDON, X0 SW1Y 6JB
As of the latest 13F report, the guru’s equity portfolio contained 11 stocks valued at a total of $400,000,000. The top holdings were GDS(26.94%), NTES(20.37%), and PDD(15.05%).
According to GuruFocus data, these were Cederberg Capital Ltd’s top five trades of the quarter.
Pinduoduo Inc
The guru established a new position worth 1,499,500 shares in NAS:PDD, giving the stock a 15.05% weight in the equity portfolio. Shares traded for an average price of $51.6 during the quarter.
On 05/17/2022, Pinduoduo Inc traded for a price of $37.84 per share and a market cap of $47,844,518,000. The stock has returned -68.02% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Pinduoduo Inc has a price-earnings ratio of 46.54, a price-book ratio of 4.04, a EV-to-Ebitda ratio of 21.45 and a price-sales ratio of 3.57.
The price-to-GF Value ratio is 0.28, earning the stock a GF Value rank of 2.
JD.com Inc
The guru established a new position worth 661,000 shares in NAS:JD, giving the stock a 9.57% weight in the equity portfolio. Shares traded for an average price of $68.1 during the quarter.
On 05/17/2022, JD.com Inc traded for a price of $51.53 per share and a market cap of $80,476,978,000. The stock has returned -24.39% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, JD.com Inc has a price-book ratio of 2.42, a EV-to-Ebitda ratio of -252.22 and a price-sales ratio of 0.56.
The price-to-GF Value ratio is 0.57, earning the stock a GF Value rank of 4.
New Oriental Education & Technology Group Inc
The guru sold out of their 670,226-share investment in NYSE:EDU. Previously, the stock had a 2.79% weight in the equity portfolio. Shares traded for an average price of $14.62 during the quarter.
On 05/17/2022, New Oriental Education & Technology Group Inc traded for a price of $11.09 per share and a market cap of $1,807,193,000. The stock has returned -90.91% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, New Oriental Education & Technology Group Inc has a price-book ratio of 0.50, a EV-to-Ebitda ratio of 45.53 and a price-sales ratio of 1.04.
The price-to-GF Value ratio is 0.18, earning the stock a GF Value rank of 2.
Bilibili Inc
Cederberg Capital Ltd reduced their investment in NAS:BILI by 230,375 shares. The trade had a 2.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $32.31.
On 05/17/2022, Bilibili Inc traded for a price of $20.63 per share and a market cap of $8,058,078,000. The stock has returned -78.70% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Bilibili Inc has a price-book ratio of 2.37, a EV-to-Ebitda ratio of -6.70 and a price-sales ratio of 2.61.
The price-to-GF Value ratio is 0.25, earning the stock a GF Value rank of 2.
TAL Education Group
The guru sold out of their 2,416,398-share investment in NYSE:TAL. Previously, the stock had a 1.88% weight in the equity portfolio. Shares traded for an average price of $3.08 during the quarter.
On 05/17/2022, TAL Education Group traded for a price of $3.66 per share and a market cap of $2,360,264,000. The stock has returned -92.49% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, TAL Education Group has a price-book ratio of 0.59, a EV-to-Ebitda ratio of 0.14 and a price-sales ratio of 1.51.
The price-to-GF Value ratio is 0.14, earning the stock a GF Value rank of 2.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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