Kia Corp News and Headlines -
South Korean automaker, Kia Motors (XKRX:000270), soared on speculation of a Kia -Apple cooperation to produce a new electric vehicle (EV); the news was quickly dispelled by Apple. However, the stock was resilient, up more than 25%, as Kia reported record quarterly operating profit on the back of higher total vehicle sales, a new slate of SUV models and a dedicated platform of EV offerings.
From [url=https://www.gurufocus.com/StockBuy.php?GuruName=Bernard+Horn]Bernard Horn[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Bernard+Horn]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Bernard+Horn]Portfolio[/url])'s Polaris Global Value Fund's first-quarter 2021 letter.
April 10, 2021
Dear Fellow Shareholder,
During the first quarter of 2021, global equity markets rose on the premise that widespread COVID-19 vaccine distribution will jumpstart GDP growth. At the same time, the unbridled monetary and fiscal stimulus promulgated by countries worldwide caused inflation jitters in the market, muting further gains. The Polaris Global Value Fund ("the Fund") returned 10.89% in the quarter, outperforming the MSCI World Index, which returned 4.92%. The Fund outperformed the benchmark for the second consecutive quarter. Over the last six months, we have seen increasing rotation from high growth and expensive stocks to cheaper cyclicals,
The Tweedy Browne Global Fund (Trades, Portfolio), which invests in U.S. and foreign equity securities, disclosed its third-quarter portfolio updates earlier this week. Its most notable changes come in the form of sellouts of three cyclicals, Daily Mail and General Trust PLC (LSE:DMGT), Hyundai Motor Co. (XKRX:005380) and Kia Motors Co. (XKRX:000270).
As of the end of the quarter, this Benjamin Graham follower holds 83 stocks valued at $6.94 billion, down from 91 stocks valued at $7.63 billion at the closing of the previous quarter. The fund’s strategy is to diversify itself throughout the world, focusing primarily
Bernard Horn (Trades, Portfolio), manager of the Polaris Global Value Fund, disclosed last week that the fund’s top five buys for the fourth quarter were Linde PLC (LIN), SKF AB (OSTO:SKF B), Taylor Winpey PLC (LSE:TW), KDDI Corp. (TSE:9433) and Kia Motors Corp. (XKRX:000270).
Managing an equity portfolio of 80 stocks, Horn seeks to buy undervalued companies based on two beliefs: country and industry factors are important determinants of security prices, and global market fluctuations produce mispriced stocks.
Horn said in his fourth-quarter shareholder letter the Polaris
South Korea’s Kia Motors (XKRX:000270) and Hyundai Motors battled sales slumps in China amid regional tensions; both also had weaker U.S. sales. A South Korean court ruled Kia owes workers back wages related to prior bonus calculations in a long-running legal case. The cumulative unpaid wages amounted to $400 million. Additional labor costs and wage adjustments arising from the ruling will more than double that amount; Kia provisioned another $400 million in estimated payments. As a result, the company is expected to post an operating loss in the next quarter.
From [url=http://www.gurufocus.com/StockBuy.php?GuruName=Bernard+Horn]Bernard Horn[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Bernard+Horn]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Bernard+Horn]Portfolio[/url])'s third quarter 2017
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Tweedy+Browne]Tweedy Browne[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Tweedy+Browne]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Tweedy+Browne]Portfolio[/url]) Global Value Fund follows Ben Graham-style investment principles and had low portfolio turnover of 1% in the fourth quarter, it reported Friday.
The fund invests primarily in developed non-U.S. stocks from diverse sectors. Stocks are selected based on their discounts from managers’ assessments of their intrinsic worth. The $9 billion fund ended the quarter with its largest portfolio allocations as 25% in financial services, 17.9% in consumer defensive and 13.5% in consumer cyclical stocks.
“Despite growing macroeconomic uncertainty, stemming from interest rates, oil prices, terrorist activity, the Syrian civil war, an adventuresome Russia, volatile currencies, elections,
Kia (KIMTF), the Korean auto manufacturer, has made inroads into the U.S. market and the stock is very reasonably priced. The company has a market cap of 17 trillion Korean won ($15.4 billion). It takes 1,104 Koren won to buy one dollar. Kia's stock hasn't done anything in four years. In 2012, it was over 80,000 won. Now, it trades at 42,150 won.
Kia sold 2,215,256 cars in 2015, 2,707,120 cars in 2014 and 2,746,430 cars in 2013. Over that time frame, it made 49.5 billion won, 47 billion won and 46.6 billion won. Net profit was 2.6 billion
For investors searching for yield, they may want to consider Auburn National Bancorporation (AUBN), a bank holding company. Auburn Bank, the company’s primary subsidiary, was founded in 1907 by Sheldon L. Toomer, a successful local businessman. The company and the bank are headquartered in Auburn, Alabama. The bank primarily serves Lee County and surrounding areas in east Alabama. The bank operates branches in
- Phenix City
Market capitalization is $102.53 million and total assets are $846.6 million. The stock has traded in a tight
In the third quarter of 2015, the MSCI EAFE Index declined 10.23%. In Europe, the German DAX dropped 11.57% and the French CAC 40 Index fell 6.82%. In Japan, the Nikkei 225 Index decreased 12.21% over the period. Crude oil fell 24.18% to $45.09 a barrel, and the price of gold fell 4.78% to $1,116 an ounce. The U.S. dollar weakened 2.17% against the yen and weakened 0.18% against the euro. Longtime investors in our portfolios know that we have been concerned for years about the financial repres-sion by central bankers as well as the long-term impact of
Tweedy Browne (Trades, Portfolio) Global Value maintains a diversified portfolio of mostly non-U.S.-based stakes in pursuit of long-term capital growth. Its recent investment track record includes double-digits returns in 2012 and 2013.
Tweedy Browne (Trades, Portfolio) Global Value’s most noteworthy third-quarter transactions involved additions to 14 existing stakes. Some of the fund’s transactions were modest, but others were large.
Tweedy Browne (Trades, Portfolio) Global Value’s largest addition was its purchase of 4,578,500 shares of GlaxoSmithKline PLC (LSE:GSK), a London-based pharmaceutical company, for an average price of £13.44 (about $20.62 in U.S.
Bernard Horn (Trades, Portfolio)’s Polaris Global Value Fund looks for undervalued stocks in which to invest. The Fund has been pretty good at it, too, producing returns of nearly 37% in 2013 and 21% the year before.
Horn’s most noteworthy transaction of the second quarter was his sale of his 49,916-share stake in Meiji Holdings Co. Ltd. (TSE:2269), a Tokyo-based confectionary company, for an average price of ¥123.67 (about $1.03 in U.S. currency) per share. The sale had a -2.08% impact on Horn’s portfolio.
Meiji Holdings has a market cap of $1.25 trillion and an enterprise value
Two of our more recent purchases, Hyundai Motor (XKRX:005380) and Kia (XKRX:000270), belong to the same “chaebol” in South Korea, and both have demonstrated an ability to grow their intrinsic values at attractive rates over the longer term. They have become significantly more competitive against their Japanese rivals in recent years as quality and customer satisfaction ratings have risen at both companies. At purchase, both companies were trading at discounts to book value, less than 10X earnings and at substantial discounts to our estimates of their intrinsic values.
From [url=http://www.gurufocus.com/StockBuy.php?GuruName=Tweedy+Browne]Tweedy Browne[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Tweedy+Browne]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Tweedy+Browne]Portfolio[/url])’s 2nd Quarter 2015 Commentary.
Tweedy Browne (Trades, Portfolio) Global Value added six new stakes to its portfolio in the second quarter, the most new buys the firm has made in a single quarter in three years. Tweedy Browne (Trades, Portfolio)’s return was 1.51% in 2014, 19.62% in 2013 and 18.39% in 2012.
The acquisition that had the greatest impact on the firm’s portfolio was its purchase of 823,176 shares of Hyundai Motor Co (XKRX:005380), an automotive manufacturer based in Seoul, South Korea, for an average price of â‚©155927 (about $136.95 in American currency) per share. The purchase had
In the first quarter of 2015, the MSCI EAFE index rose 4.88%, while in Japan the Nikkei 225 index increased 10.04%, and in Europe, the German DAX and the French CAC 40 indices rose 4.56% and 7.99%, respectively. Crude oil fell 10.64% to $47.60 a barrel, and the price of gold declined -0.07% to $1,183.68 an ounce by quarter-end. The U.S. dollar rose 0.03% against the yen and 12.70% against the euro.
Despite buoyant international equity markets as we enter the new year, our fundamental concerns have not been alleviated. In the developed markets, we continue to worry
KIA Motors Corp. (XKRX:000270) is a leading automotive manufacturer with strong market share in Korea and a fast-growing export business. Following a strong third quarter, the company's shares retreated in the fourth quarter, as it struggled with labor-related production disruptions and the anticipated impact of a much more competitive Japanese Yen relative to the Korean Won. We remain comfortable with KIA's long-term global market share potential and innovative research and design capability. (Michael Kass)
From [url=http://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Ron Baron[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Ron+Baron]Portfolio[/url])'s Baron Funds' fourth quarter 2013 commentary.
|2020-10-26 $ 30.3 (%)|
|2016-10-03 $ 35 (%)|
Kia Motors Is a Textbook Value Stock - GuruFocus.com