Daily Brief Consumer: Eva Precision Industrial Holdings, Smoore International, LG Energy Solution and more

In today’s briefing:

EVA Precision: Poor Mans Tesla/ EV Play/ Onwards and Upwards from H1 2022
Hong Kong CEO & Director Dealings: 15th Sept 2022 – Smoore, Zhongsheng, Perennial Energy
Assessing the Korea NPS-Originated Flow Trends and Allocation Breakdown

EVA Precision: Poor Mans Tesla/ EV Play/ Onwards and Upwards from H1 2022

Eva Precision Industrial Holdings (838 HK) is a beneficiary of EV penetration globally and in China, trading at 9.4x /5.6x FY22/23e and 3.2%/5.3% dividend yield (30% payout ratio).
H1 2022 was groundbreaking for the company as it commenced strategic cooperation with BYD (1211 HK) on products and bagged orders from Huwaei and Tesla, with more coming in H2.
There is additional room for buybacks as the stock price is < 2HKD and the company only completed 3-4% of its 200 mn HKD buyback.

The data in this insight is collated from the “shareholding disclosure” link on the HKEx website.
Often there is a corresponding HKEx announcement on the increase – or decrease – in the shareholding by directors. However, such disclosures are by no means an absolute.
Stocks mentioned below include Smoore (6969 HK), Zhongsheng Group (881 HK), and Perennial Energy Holdings Ltd (2798 HK). These insights may also flag those companies where shares have been pledged.

The Korea NPS released the yearly report for 2021 last week, which is attached at the bottom of this post. Yes, for this, an English version is available.
The NPS also releases a status report every month that contains limited data. Based on the annual and monthly status reports, we can infer the allocation breakdown and flow trends.
Through this post, let’s look at the shareholding changes and flow trends with the release of this annual report. Please note that this post does not make any investment recommendations.

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