麦格理-亚洲-股票市场-麦格理观点：最高信念的呼唤

《麦格理-亚洲-股票市场-麦格理观点：最高信念的呼唤》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、ASIAMacquarieMarqueeIdeasMacquarieMarqueeIdeas–AsiaOurhighestconvictioncallsTargetTickerPrice(LC)TSRWeareupdatingtheMacquarieMarqueeIdeaslistsforAsiaexJapanandAsiaexJapanLongChina/HKJapan.SinceinceptioninJuly2016,theportfolioshavereturned73.6%andBaiduBIDUUS305.00+21%63.2%,respectively(

2、outperformingtheirbenchmarksby27.0%and25.7%).TheCKAsset1113HK92.35+29%COSL2883HK14.00+49%MarqueeIdeasareourhighestconvictionbottomupstockpicksintheregion,CtripCTRPUS63.00+32%equallyweighted,andwithnosectororcountrybias.Hikvision002415CH57.00+35%HuaHongSemi1347HK22.00+36%Latestadditions

3、totheMarqueelist:Prada1913HK30.40+5%SunnyOptical2382HK220.00+105%AirAsia(AIRAMK):AzitaNazrenerecentlyraisedhertargetpriceby60%,XiabuXiabu520HK21.00+60%ZTE763HK35.00+22%drivenbyamajorriseinprojectedearningsonbetterrevenueandastrongerIndiaringgit.Weseeearningupgradesbythestreetasare-rat

4、ingcatalyst.OurLarsen&ToubroLTIN1,594.00+22%VedantaVEDLIN372.00+16%FY18EPATis29%aboveconsensus.LinkKoreaHyundaiMarineandFire001450KS60,000+31%Xiabuxiabu(520HK):SunnyChowrecentlyinitiatedcoverageonthisstock,LGElectronics066570KS160,000+50%LotteChemical011170KS630,000+59%astrategicallyp

5、ositionedcompanyintheever-growingfastcasualmarketSamsungElectronics005930KS3,600,000+50%andimmenselypopularhotpotcuisine.Xiabuxiabu’sscalablemodelenablesSamsungEngineering028050KS17,000+10%Malaysiathecompanytorapidlyexpandnationwide.Thestockistradingat21xFY18EAirAsiaAIRAMK6.30+65%PERve

6、rsusa25%2016-19EearningsCAGR.LinkTenagaTNBMK19.00+24%PhilippinesCtrip(CTRPUS):WendyHuangexpects1Q18tobetheworstquarterhitbyAyalaLandALIPM50.00+13%Singaporebundle-saleregulation.Revenuegrowthshouldacceleratefrom2Q18andCityDevCITSP14.05+6%marginsshouldreboundin2H18.MergerofeLongandTCand

7、partnershipwithTaiwanHonHai2317TT200.00+119%OpenTableshouldalsohelpCtriptodefendcompetitionfromMeituan.LinkNanyaTech2408TT111.00+36%ThailandSunnyOptical(2382HK):AllenChanghasrenewedconvictionaboutthisIndoramaVenturesIVLTB63.00+9%stockonthebackofrecentstrongmonthlydata.Webelievethest