BRILLIANCE ASSET MANAGEMENT Ltd Buys ZTO Express (Cayman) Inc, ON Semiconductor Corp, Huazhu Group, Sells IPG Photonics Corp

• New Purchases: ON, TAL, BSTI,
• Added Positions: ZTO, HTHT, MAR,
• Sold Out: IPGP,

For the details of BRILLIANCE ASSET MANAGEMENT Ltd's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=BRILLIANCE+ASSET+MANAGEMENT+Ltd

1. ZTO Express (Cayman) Inc (ZTO) - 6,191,740 shares, 36.82% of the total portfolio. Shares added by 2774.26%
2. ON Semiconductor Corp (ON) - 3,567,332 shares, 23.58% of the total portfolio. New Position
3. Huazhu Group Ltd (HTHT) - 1,761,024 shares, 21.99% of the total portfolio. Shares added by 294.71%
4. Marriott International Inc (MAR) - 339,071 shares, 12.76% of the total portfolio. Shares added by 486.12%
5. TAL Education Group (TAL) - 436,334 shares, 4.77% of the total portfolio. New Position

BRILLIANCE ASSET MANAGEMENT Ltd initiated holding in ON Semiconductor Corp. The purchase prices were between $22.08 and $26.22, with an estimated average price of $24.16. The stock is now traded at around $22.41. The impact to a portfolio due to this purchase was 23.58%. The holding were 3,567,332 shares as of 2018-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd initiated holding in TAL Education Group. The purchase prices were between $34.92 and $46.8, with an estimated average price of $39.27. The stock is now traded at around $34.02. The impact to a portfolio due to this purchase was 4.77%. The holding were 436,334 shares as of 2018-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd initiated holding in BEST Inc. The purchase prices were between $9.93 and $12.92, with an estimated average price of $11.44. The stock is now traded at around $9.30. The impact to a portfolio due to this purchase was 0.08%. The holding were 21,000 shares as of 2018-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd added to a holding in ZTO Express (Cayman) Inc by 2774.26%. The purchase prices were between $14.71 and $21.49, with an estimated average price of $17.98. The stock is now traded at around $19.46. The impact to a portfolio due to this purchase was 35.54%. The holding were 6,191,740 shares as of 2018-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd added to a holding in Huazhu Group Ltd by 294.71%. The purchase prices were between $31.61 and $49.48, with an estimated average price of $39.85. The stock is now traded at around $34.02. The impact to a portfolio due to this purchase was 16.42%. The holding were 1,761,024 shares as of 2018-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd added to a holding in Marriott International Inc by 486.12%. The purchase prices were between $125.26 and $141.57, with an estimated average price of $135.95. The stock is now traded at around $124.43. The impact to a portfolio due to this purchase was 10.58%. The holding were 339,071 shares as of 2018-06-30.

BRILLIANCE ASSET MANAGEMENT Ltd sold out a holding in IPG Photonics Corp. The sale prices were between $212 and $260.86, with an estimated average price of $235.92.