Monday morning links
VTech, Chang'an Automobile, Value Partners, Nihon Falcom
Yesterday’s Asian Century Stocks report was on Hong Kong electronics manufacturer VTech, which produces toys and other electronic products. Earnings have come down due to high container shipping costs, high resign prices and shortages of semiconductors. The 2023 consensus P/E is 7.4x with a dividend yield of 13.2%.
I also want to highlight Mokapu Capital’s post below on Japanese micro-cap video game developer Nihon Falcom, which owns a number of key video game franchises. The stock trades at 12x P/E, with net cash representing 62% of the market cap.