Equity Research in HK and Mainland China

Li Tang

Cross Asset Strategy

It’s been an excellent year for investors in the China electric vehicle stock, but some investors believe the speculation rather than underlying fundamentals, is sending China NEV(New Energy Vehicle) stock higher. We remain confident in the China-based electric vehicle (EV) maker’s prospects due to strong government policy and continued growing market.
We are positive on NEV makers (<a href="https://www.smartkarma.com/entities/li-auto-inc" target="_blank" rel="noopener">Li Auto Inc. (LI US)</a> , <a href="https://www.smartkarma.com/entities/nio-inc" target="_blank" data-smartkarma-citation="entities:27399:1" rel="noopener">NIO Inc (NIO US)</a> and <a href="https://www.smartkarma.com/entities/xpeng-motors" target="_blank" data-smartkarma-citation="entities:29217:1" rel="noopener">Xpeng Motors (XPEV US)</a>) and NEV charging infrastructure ( <a href="https://www.smartkarma.com/entities/china-titans-energy-technology-group-co" target="_blank" data-smartkarma-citation="entities:3953:1" rel="noopener">China Titans Energy Technology Group Co (2188 HK)</a> ,  <a href="https://www.smartkarma.com/entities/ten-pao-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:27241:1" rel="noopener">Ten Pao Group Holdings Ltd (1979 HK)</a>  )as both segments stand to gain from an improvement in NEV sales after NEV sales lagged the recovery in traditional auto sales, and with local governments providing various support measures.
China has bet big on NEVs as a strategically important industry, the government has five essential policy support tools for NEVs include reduced taxes, direct subsidies to manufacturers, consumer subsidies, mandated government procurements, and the industrial policy Made in China 2025 (Even China keep this plan at low profile due to trade war with the U.S).In this insight, we have highlighted the China recent NEVs support policy to evaluate China NEV industry.

It’s been an excellent year for investors in the China electric vehicle stock, but some investors believe the speculation rather than underlying fundamentals, is sending China NEV(New Energy Vehicle) stock higher. We remain confident in the China-based electric vehicle (EV) maker’s prospects due to strong government policy and continued growing market.
We are positive on NEV makers (Li Auto Inc. (LI US) , NIO Inc (NIO US) and Xpeng Motors (XPEV US)) and NEV charging infrastructure ( China Titans Energy Technology Group Co (2188 HK) ,  Ten Pao Group Holdings Ltd (1979 HK)  )as both segments stand to gain from an improvement in NEV sales after NEV sales lagged the recovery in traditional auto sales, and with local governments providing various support measures.
China has bet big on NEVs as a strategically important industry, the government has five essential policy support tools for NEVs include reduced taxes, direct subsidies to manufacturers, consumer subsidies, mandated government procurements, and the industrial policy Made in China 2025 (Even China keep this plan at low profile due to trade war with the U.S).In this insight, we have highlighted the China recent NEVs support policy to evaluate China NEV industry.

China Aims To Build Strong Domestic NEV Brands that Can Compete in Global Markets

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wasion-holdings-limited" target="_blank" data-smartkarma-citation="entities:421:1" rel="noopener">Wasion (3393 HK)</a> and <a href="https://www.smartkarma.com/entities/ten-pao-group-holdings-limited" target="_blank" data-smartkarma-citation="entities:27241:1" rel="noopener">Ten Pao Group (1979 HK)</a> operate in a similar segment, but they are not exactly the same type of companies. </li>
<li>Wasion Management recently initiated a share buyback program of HKD 200 million that will provide a price floor for the share price. </li>
<li>Ten pao is much cheaper than Wasion but that's because Wasion's earnings have grown more too. </li>
</ul>



Wasion (3393 HK) and Ten Pao Group (1979 HK) operate in a similar segment, but they are not exactly the same type of companies. 
Wasion Management recently initiated a share buyback program of HKD 200 million that will provide a price floor for the share price. 
Ten pao is much cheaper than Wasion but that's because Wasion's earnings have grown more too. 


Hong Kong

Ten Pao Group Holdings Limited develops, manufactures, and sells electric charging products, switching power supply units, and smart chargers. Their product range includes quick chargers, wireless chargers, adapters, LED power supply products, electric vehicle chargers, portable power stations, and industrial power supplies. The company was founded in 1979 and is headquartered in Kwun Tong, Hong Kong.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ten Pao Group (1979 HK)

China Aims To Build Strong Domestic NEV Brands that Can Compete in Global Markets

We remain confident in the China-based electric vehicle (EV) maker’s prospects due to government strong policy support and continue growing market.

Li Tang

Wasion (3393): Vs Tenpao

Wasion and Ten Pao operate in a similar segment but differ in company type, with Wasion initiating a share buyback program while Ten Pao remains...

Henry Soediarko

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

China Aims To Build Strong Domestic NEV Brands that Can Compete in Global Markets

We remain confident in the China-based electric vehicle (EV) maker’s prospects due to government strong policy support and continue growing market.

Li Tang

Wasion (3393): Vs Tenpao

​Wasion and Ten Pao operate in a similar segment but differ in company type, with Wasion initiating a share buyback program while Ten Pao remains...

Henry Soediarko

Wasion and Ten Pao operate in a similar segment but differ in company type, with Wasion initiating a share buyback program while Ten Pao remains...