In light of the Mid-Autumn Festival, a Chinese celebration of the harvest season, the Aggregated Portfolio listed Baidu Inc. (BIDU, Financial), Teva Pharmaceutical Industries Ltd. (TEVA, Financial), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM, Financial), New Oriental Education & Technology Group Inc. (EDU, Financial) and Broadcom Inc. (AVGO, Financial) as the five most broadly held Asian stocks as of Monday.
Baidu
According to aggregated portfolio data, 30 gurus own shares of Baidu, a major Chinese online media company. Gurus with large positions in Baidu include Sarah Ketterer (Trades, Portfolio), Dodge & Cox and Frank Sands (Trades, Portfolio).
GuruFocus ranks Baidu’s profitability 8 out of 10 on several positive investing signs, including a three-star business predictability rank and net profit margins that are outperforming 88% of global competitors.
Baidu Chief Financial Officer Herman Yu said on July 31 that revenues for the quarter ending June 30 increased 32% year over year, driven on continued investments in artificial intelligence-powered businesses with strong synergies. The company reported $3.93 billion in revenues, including $3.18 billion in online marketing revenues. During the quarter, Baidu and China Mobile Ltd. (CHL, Financial) agreed to “jointly explore opportunities” in autonomous driving and cooperate in artificial intelligence, big data and 5G.
Teva
Seventeen gurus own shares of Teva according to the aggregated portfolio, including Berkshire Hathaway Inc. (BRK.A, Financial)(BRK.B, Financial) CEO Warren Buffett (Trades, Portfolio).
Even though second-quarter revenues of $4.7 billion represent an 18% decline from prior-year quarter revenues, Teva CEO Kare Schultz still raised full-year earnings guidance on strong progress to reduce net debt and costs. The Jerusalem-based drug manufacturer raised its non-GAAP earnings guidance 15 cents from the prior range of $2.40 to $2.65 and its free cash flow $0.2 billion from the prior range of $3 billion to $3.2 billion.
Taiwan Semiconductor Manufacturing
The Aggregated Portfolio reported 14 gurus own shares of Taiwan Semiconductor Manufacturing. With 34,189,101 shares, Ken Fisher (Trades, Portfolio) has the largest position in the company.
The Taiwanese semiconductor manufacturer is listed on Buffett and Charlie Munger (Trades, Portfolio)’s list of good companies as the company has a business predictability rank of 4.5 stars and operating margins that have increased approximately 2.5% per year over the past five years. The company’s profitability ranks 9 out of 10 as margins and returns are outperforming over 90% of global competitors.
New Oriental Education
Twelve gurus own shares of New Oriental Education according to aggregated portfolio data. Gurus that have large holdings in New Oriental Education include Chris Davis (Trades, Portfolio) and Chase Coleman (Trades, Portfolio)’s Tiger Global Management.
China-based New Oriental Education provides a wide variety of education and training skills that give students information to succeed in life. GuruFocus ranks the company’s profitability 7 out of 10 primarily due to a 3.5-star predictability rank and a three-year revenue growth rate that outperforms 81% of global competitors.
Broadcom
Eleven gurus own shares of Broadcom, a Singapore-based semiconductor company engaged in the design, development and supply of analog and digital semiconductor connectivity solutions.
GuruFocus ranks Broadcom’s profitability 8 out of 10 on several positive investing signs, including a dividend yield near a 10-year high and consistent revenue growth. Additionally, operating margins of 22.8% are still outperforming 86% of global competitors despite contracting over the past five years.
See also
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Disclosure: No positions.
