Global Mobility/Transport, Equity Long-Short

Mohshin Aziz

Capital market veteran with 22 years experience with stints as an analyst (sell-side & buyside), investor relations and fund manager. 

My key expertise in the aviation sector. My definition of "aviation" includes airlines, travel tours, airports, airport retail & services, OEMs, online travel agents, aircraft lessors, air cargo/logistics, etc.   

I have an active watchlist consisting 190 companies across 41 countries. The aviation sector is highly cyclical and I am constantly evaluating signals to uncover attractive trade opportunities.

LiAuto (LI US, BUY, TP:USD25.0): High Growth + Deep Value Stock

Equity Bottom-Up

<ul>
<li>2Q-2024 results is within ours and consensus expectations. Competition is tough, but LiAuto managed to remain profitable   </li>
<li>Management is boosting R&amp;D expenditure and boost spending on  expanding number of charging stations, all for the benefit of its customers. </li>
<li>Our fair value of USD25 implies 16x FY25 PE - average for auto growth stock. A bargain with 3-year CAGR of 38%, net cash, and churns high free cash flow.</li>
</ul>


2Q-2024 results is within ours and consensus expectations. Competition is tough, but LiAuto managed to remain profitable   
Management is boosting R&amp;D expenditure and boost spending on  expanding number of charging stations, all for the benefit of its customers. 
Our fair value of USD25 implies 16x FY25 PE - average for auto growth stock. A bargain with 3-year CAGR of 38%, net cash, and churns high free cash flow.


LiAuto (LI US, BUY, TP:USD25.0): Good 2Q-2024 Results, on Track to Match Consensus

Li Auto

LiAuto (LI US, BUY, TP:USD25.0): Good 2Q-2024 Results, on Track to Match Consensus