Opinions

Javed Mirza NIO Limited NIO-N SELL Jul 19, 2023

He's cautious on Chinese stocks in general, underperforming. Structural issues over there. Bit of a bounce, in line with the shift to risk-on. Take profits. At risk. Chart doesn't look great, potential for retracement.

Javed Mirza

Unknown

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$10.640

Stock price when the opinion was issued

Automotive

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DON'T BUY

Would not buy any Chinese company listed on US stock market. High risk with de-listing and political issues. Rising interest in EV market will be good for market overall. Better names to gain exposure to EV market.

DON'T BUY

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DON'T BUY

Any fear of delisting? China probably the largest EV market in the world. Makes a lower-cost EV model. Risk with China has increased, given Taiwan situation. Problems with Chinese regulators. He plays where rule of law is more transparent.

SELL

EVs will be a significant force moving forward. Question is which one will lead? Stay on the sidelines. The valuations of Ford, HMC and FUJHY look more compelling than any of the EV companies. Sell, don't buy.

DON'T BUY

Does not like Chinese investments that don't earn cash. Insecure political environment. Negative return on capital (no sustainable). Is a speculative stock.

DON'T BUY

Dicey. Also, no Chinese stocks for him.

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TOP PICK

NIO Inc. is a pioneer in China's premium smart electric vehicle market. Founded in November 2014, NIO's mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, jointly manufactures, and sells smart premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Redefining the user experience, NIO provides users with comprehensive and convenient power solutions, the Battery as a Service (BaaS), NIO Pilot and NIO Autonomous Driving (NAD), Autonomous Driving as a Service (ADaaS) and other user-centric services. Social media mentions are up 267% in the past 24h.

SELL ON STRENGTH

If China re-stimulates its economy, Nio shares will pop, but that's when you sell it.

WEAK BUY

Smaller niche player, more skewed to the luxury SUV side. 12-month price target is $9.85. There's value here. His favourite is TSLA. See his Top Picks.

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Javed Mirza NIO Limited NIO-N SELL Jul 19, 2023

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