Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Bottom-Up

<ul>
<li>Hong Kong is again trading well below its historical multiple valuation levels after the October/November correction.  Mainland investors bought a record amount the day after Trump's win.</li>
<li>
<a href="https://www.smartkarma.com/entities/kingsoft-corp-ltd" target="_blank" data-smartkarma-citation="entities:492:1" rel="noopener">Kingsoft Corp (3888 HK)</a> reported consensus beating results with its online game segment surging.  The company is benefiting from AI upgrades in its office SAAS business.
</li>
<li>
<a href="https://www.smartkarma.com/entities/precision-tsugami-china-corp" target="_blank" data-smartkarma-citation="entities:26199:1" rel="noopener">Precision Tsugami China (1651 HK)</a> posted blockbuster earnings for its 1H25 as the machine tool sector rebounds on the back of factories upgrading to intelligent manufacturing.</li>
</ul>


Hong Kong is again trading well below its historical multiple valuation levels after the October/November correction.  Mainland investors bought a record amount the day after Trump's win.

Kingsoft Corp (3888 HK) reported consensus beating results with its online game segment surging.  The company is benefiting from AI upgrades in its office SAAS business.


Precision Tsugami China (1651 HK) posted blockbuster earnings for its 1H25 as the machine tool sector rebounds on the back of factories upgrading to intelligent manufacturing.


The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (November 21)

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>Eagle Nice International Holdings' dividend yield averaged 9.2% from FY 2019 to FY 2023. Its annual dividend payout averaged 72.2% in the same period.</li>
<li>Eagle Nice (Intl) Hldgs is mainly engaged in the design and manufacture of sportswear for adults and children on an OEM basis. Yue Yuen Industrial Holdings is the largest shareholder.</li>
<li>Eagle Nice Holdings also has attractive valuations and consistent growth in sales and profits. </li>
</ul>


Eagle Nice International Holdings' dividend yield averaged 9.2% from FY 2019 to FY 2023. Its annual dividend payout averaged 72.2% in the same period.
Eagle Nice (Intl) Hldgs is mainly engaged in the design and manufacture of sportswear for adults and children on an OEM basis. Yue Yuen Industrial Holdings is the largest shareholder.
Eagle Nice Holdings also has attractive valuations and consistent growth in sales and profits. 


Asian Dividend Gems: Eagle Nice International Holdings

Precision Tsugami (China) / Equity Bottom-Up

<ul>
<li>Precision Tsugami China specializes in the production of precision machine tools. Precision Tsugami China is part of the broader Tsugami Corporation, a Japanese company founded in 1923.</li>
<li>The company's dividend yield increased from 4.3% in FY2021 to 8.9% in FY2022 and 10.1% in FY2023. </li>
<li>We found Precision Tsugami China (1651 HK) using Smartkarma's Smart Score Screener system.</li>
</ul>


Precision Tsugami China specializes in the production of precision machine tools. Precision Tsugami China is part of the broader Tsugami Corporation, a Japanese company founded in 1923.
The company's dividend yield increased from 4.3% in FY2021 to 8.9% in FY2022 and 10.1% in FY2023. 
We found Precision Tsugami China (1651 HK) using Smartkarma's Smart Score Screener system.


Asian Dividend Gems: Precision Tsugami China

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Equity Capital Markets

Since we published our first annual HK IPO analysis (<a href="https://www.smartkarma.com/insights/5-key-charts-to-wrap-up-2015-hk-ipo-broker-sector-and-retail-analytics" target="_blank" data-smartkarma-citation="insights:2730">5 Key Charts to Wrap-Up 2015 HK IPO - Broker, Sector, and Retail Analytics</a>) in Feb 2015, it has been a handy analytical reference for us. We published our statistical insights for 2016 listings (<a href="https://www.smartkarma.com/insights/broker-sector-and-retail-analytics-of-2016-hk-ipo" target="_blank" data-smartkarma-citation="insights:7916">Broker, Sector and Retail Analytics of 2016 HK IPOs</a>) as well.We continue our effort to provide insightful data analytics for our readers. You are strongly encouraged to add this insight to your locker if you intend to refer to it frequently in 2018.In…

Since we published our first annual HK IPO analysis (5 Key Charts to Wrap-Up 2015 HK IPO - Broker, Sector, and Retail Analytics) in Feb 2015, it has been a handy analytical reference for us. We published our statistical insights for 2016 listings (Broker, Sector and Retail Analytics of 2016 HK IPOs) as well.We continue our effort to provide insightful data analytics for our readers. You are strongly encouraged to add this insight to your locker if you intend to refer to it frequently in 2018.In…

2017 HK IPOs Analytics: Good Deals Don't Need Cornerstones

China

Precision Tsugami (China) manufactures and distributes high-precision computer numerical control (CNC) machine tools, including lathes, machining centers, and grinding machines, under the TSUGAMI brand. These products serve various industries such as automotive, IT electronics, industrial automation, and medical instruments. The company was founded in 2003 and is headquartered in Pinghu, China.

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Precision Tsugami (China) (1651 HK)

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (November 21)

Mainland investors buying in Hong Kong peaked after Trump won the election. Kingsoft beat consensus estimates for revenue and earnings. Precision...

David Mudd

Asian Dividend Gems: Eagle Nice International Holdings

Eagle Nice (Intl) Hldgs is mainly engaged in the design and manufacture of sportswear for adults and children on an OEM basis. Yue Yuen Industrial...

Douglas Kim

Asian Dividend Gems: Precision Tsugami China

Precision Tsugami China specializes in the production of precision machine tools. It has high dividend yields and attractive valuation multiples.

Douglas Kim

2017 HK IPOs Analytics: Good Deals Don't Need Cornerstones

Since we published our first annual HK IPO analysis (5 Key Charts to Wrap-Up 2015 HK IPO - Broker, Sector, and Retail Analytics) in Feb 2015, it...

Ke Yan, CFA, FRM

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