Wasatch International Growth (Trades, Portfolio) Fund seeks out investment opportunities wherever they may be – but especially in emerging markets. The Fund’s third-quarter emphasis appears to have been on Taiwanese companies, at least in its largest transactions, but its overall activity extended to all corners of the world.
Wasatch’s most noteworthy third-quarter transaction was the sale of its 506,338-share stake in Wirecard AG (XTER:WDI, Financial), an Aschheim, Germany-based financial services and technology company, for an average price of €41.98 (about $46.12 in U.S. currency) per share. The deal had a -1.38% impact on Wasatch’s portfolio.
Wirecard has a market cap of $5.48 billion and an enterprise value of $4.7 billion. It has a P/E of 40.3, a forward P/E of 26.3, a P/B of 4.6 and a P/S of 7.6. GuruFocus has given Wirecard a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Wirecard sold for €44.35 (approximately $48.73 in American dollars) per share Friday.
Wasatch also sold its stake in Chailease Holding Co. Ltd. (TPE:5871, Financial), a Taiwan-based holding company involved in leasing, financing and payment installment services. Wasatch sold its 7,330,318-share stake for an average price of NT$60.06 (roughly $1.81 in U.S. money) per share. The transaction had a -1.21% impact on Wasatch’s portfolio.
Chailease Holding has a market cap of $59.81 billion and an enterprise value of $163.4 billion. It has a P/E of 8.9, a P/B of 1.6 and a P/S of 1.7. GuruFocus has given Chailease Holding a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
On Friday Chailease Holding sold for NT$52.5 (about $1.58 in American currency) per share.
Wasatch sold its 97,987-share stake in Mercadolibre Inc. (MELI, Financial), a Buenos Aires, Argentina-based online marketplace, for an average price of $117.84 per share. The deal had a -0.99% impact on Wasatch’s portfolio.
Mercadolibre has a market cap of $5.04 billion and an enterprise value of $5.06 billion. It has a P/E of 49.9, a forward P/E of 33.9, a P/B of 13.8 and a P/S of 8.0. GuruFocus has given Mercadolibre a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Frank Sands (Trades, Portfolio), Jim Simons (Trades, Portfolio), Manning & Napier Advisors Inc. and Ken Fisher (Trades, Portfolio) have shares of Mercadolibre in their portfolios.
Mercadolibre sold for $114.11 per share Friday.
Wasatch sold its 329,096-share stake in Home Capital Group Inc. (TSX:HCG, Financial), a Toronto-based credit and mortgage lending company, for an average price of C$24.66 (roughly $17.92 in U.S. money) per share. The transaction had a -0.81% impact on Wasatch’s portfolio.
Home Capital Group has a market cap of $1.88 billion and an enterprise value of $1.42 billion. It has a P/E of 5.8, a forward P/E of 6.1, a P/B of 1.2 and a P/S of 3.1. GuruFocus has given Home Capital Group a Financial Strength rating of 5/10 and a Profitability and Growth rating of 8/10.
Leith Wheeler Canadian Equity (Trades, Portfolio), Mawer New Canada Fund (Trades, Portfolio), Signature Select Canadian Fund (Trades, Portfolio) and CI Can Am Small Cap (Trades, Portfolio) have shares of Home Capital Group in their portfolios.
On Friday Home Capital Group sold for C$26.83 (approximately $19.50 in American dollars) per share.
Wasatch acquired a 956,274-share stake in Eclat Textile Co. Ltd. (TPE:1476, Financial), a Taiwan-based textile company, for an average price of NT$482.53 (about $14.54 in U.S. money) per share. The transaction had a 1.16% impact on Wasatch’s portfolio.
Eclat Textile has a market cap of $108.57 billion and an enterprise value of $109.29 billion. It has a P/E of 28.0, a forward P/E of 28.5, a P/B of 10.4 and a P/S of 4.5. GuruFocus has given Eclat Textile a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
On Friday Eclat Textile sold for NT$416 (approximately $12.53 in American dollars) per share.
Wasatch bought an 867,309-share stake in Voltronic Power Technology Corp. (TPE:6409, Financial), a Taiwan-based manufacturer of products for the power industry, for an average price of NT$393.15 (roughly $11.84 in U.S. currency) per share. The deal had a 0.87% impact on Wasatch’s portfolio.
Voltronic Power Technology has a market cap of $36.73 billion and an enterprise value of $32.78 billion. It has a P/E of 27.7, a P/B of 9.9 and a P/S of 4.7. GuruFocus has given Voltronic Power Technology a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Voltronic Power Technology sold for NT$494 (about $14.88 in American money) per share Friday.
Wasatch purchased a 634,676-share stake in Divi's Laboratories Ltd. (BOM:532488), a Telangana, India-based pharmaceutical company, for an average price of ₹1044.14 (approximately $15.53 in U.S. dollars) per share. The transaction had a 0.83% impact on Wasatch’s portfolio.
Divi's Laboratories has a market cap of $298.9 billion and an enterprise value of $291.18 billion. It has a P/E of 34.5, a P/B of 8.4 and a P/S of 9.6. GuruFocus has given Divi's Laboratories a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
On Friday Divi’s Laboratories sold for ₹1125.95 (roughly $16.75 in American currency) per share.
Wasatch increased its stake in TWi Pharmaceuticals Inc. (ROCO:4180), a Taiwan-based pharmaceutical company, by nearly 626%. Wasatch bought 1,757,947 shares for an average price of NT$213.48 (about $6.43 in U.S. money) per share. The deal had a 0.88% impact on Wasatch’s portfolio.
TWi Pharmaceuticals has a market cap of $23.24 billion and an enterprise value of $19.55 billion. It has a P/B of 3.6 and a P/S of 55.1. GuruFocus has given TWi Pharmaceuticals a Financial Strength rating of 9/10 and a Profitability and Growth rating of 3/10.
TWi Pharmaceuticals sold for NT$182.5 (approximately $5.49 in American dollars) per share Friday.
Wasatch reduced its stake in Pigeon Corp. (TSE:7956), a Tokyo-based provider of child-rearing support services, by nearly 31%. Wasatch was paid an average price of ¥3381 (roughly $27.93 in U.S. currency) per share. The deal had a -0.85% impact on Wasatch’s portfolio.
Pigeon has a market cap of $344.92 billion and an enterprise value of $331.58 billion. It has a P/E of 34.4, a P/B of 6.7 and a P/S of 3.8. GuruFocus has given Pigeon a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Matthews Japan Fund (Trades, Portfolio), T. Rowe Price Japan Fund (Trades, Portfolio) and Hennessy Japan Fund (Trades, Portfolio) have shares of Pigeon in their portfolios.
On Friday Pigeon sold for ¥2880 (about $23.79 in American money) per share.
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