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Yahoo
a minute ago
- Yahoo
Matthews China Fund's Strategic Moves: A Closer Look at BYD Co Ltd
Exploring the Fund's Investment Adjustments in Q2 2025 Matthews China Fund (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, revealing strategic investment adjustments. Established in February 1998, the fund aims to achieve its investment objectives by allocating at least 80% of its net assets in Chinese companies' common and preferred stocks. The fund focuses on companies with sustainable growth potential, evaluating factors such as balance sheet strength, cash flow stability, management quality, and corporate governance. This disciplined approach aligns with the fund's long-term value investment philosophy. Summary of New Buy Matthews China Fund (Trades, Portfolio) added a total of three stocks to its portfolio during the second quarter of 2025. The most significant addition was CMOC Group Ltd (HKSE:03993), with 4,581,000 shares, accounting for 1.24% of the portfolio and valued at HK$4.68 million. The second largest addition was Hisense Home Appliances Group Co Ltd (HKSE:00921), consisting of 1,186,000 shares, representing approximately 0.86% of the portfolio, with a total value of HK$3.24 million. The third addition was Cambricon Technologies Corp Ltd (SHSE:688256), with 28,038 shares, accounting for 0.63% of the portfolio and valued at 2.36 million. Key Position Increases Matthews China Fund (Trades, Portfolio) also increased its stakes in nine stocks. The most notable increase was in BYD Co Ltd (HKSE:01211), with an additional 303,000 shares, bringing the total to 543,000 shares. This adjustment represents a significant 126.25% increase in share count, impacting the portfolio by 1.26%, with a total value of HK$8.45 million. The second largest increase was in Suzhou TFC Optical Communications Co Ltd (SZSE:300394), with an additional 165,900 shares, bringing the total to 377,916. This adjustment represents a 78.25% increase in share count, with a total value of 4.24 million. Summary of Sold Out Matthews China Fund (Trades, Portfolio) completely exited 10 holdings in the second quarter of 2025. Notable exits include Anjoy Foods Group Co Ltd (SHSE:603345), with the sale of all 295,500 shares, resulting in a -0.84% impact on the portfolio. Another significant exit was Shenzhen Mindray Bio-Medical Electronics Co Ltd (SZSE:300760), with the liquidation of all 83,814 shares, causing a -0.7% impact on the portfolio. Key Position Reduces Matthews China Fund (Trades, Portfolio) reduced its position in 13 stocks. The most significant reduction was in Guangdong Haid Group Co Ltd (SZSE:002311), with a decrease of 338,300 shares, resulting in a -69.17% decrease in shares and a -0.6% impact on the portfolio. The stock traded at an average price of 56.49 during the quarter, returning 3.14% over the past three months and 20.49% year-to-date. Another notable reduction was in PetroChina Co Ltd (HKSE:00857), with a decrease of 2,634,000 shares, resulting in a -26.56% reduction in shares and a -0.55% impact on the portfolio. The stock traded at an average price of HK$6.32 during the quarter, returning 26.27% over the past three months and 30.81% year-to-date. Portfolio Overview As of the second quarter of 2025, Matthews China Fund (Trades, Portfolio)'s portfolio included 63 stocks. The top holdings were 10.31% in Tencent Holdings Ltd (HKSE:00700), 7.69% in Alibaba Group Holding Ltd (HKSE:09988), 4.51% in China Construction Bank Corp (HKSE:00939), 4.2% in Inc (HKSE:09618), and 3.79% in PDD Holdings Inc (NASDAQ:PDD). The holdings are mainly concentrated in 10 of the 11 industries: Consumer Cyclical, Financial Services, Communication Services, Technology, Industrials, Real Estate, Consumer Defensive, Healthcare, Basic Materials, and Energy. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
CNN
a minute ago
- CNN
NBA clears Boston Celtics' $6.1 billion sale to Bill Chisholm
A group headed by Bill Chisholm is set to take control of the Boston Celtics after the NBA Board of Governors unanimously approved the sale on Wednesday. The NBA wrote in a statement, 'The transaction is expected to close shortly.' The reported $6.1 billion valuation for the club makes it the second-largest sale price for a US sports franchise, behind the $10 billion valuation for the Los Angeles Lakers when Mark Walter purchased that team in June. Chisholm and his partners are buying at least 51 percent of the Celtics. The ownership stake will increase in 2028, according to the purchase contract, when Chisholm's group is scheduled to buy out the remaining minority shareholders at a $7.3 billion valuation. According to multiple media reports, Chisholm will take over as the Celtics' governor when the sale goes through. Outgoing owner Wyc Grousbeck is expected to serve as alternate governor and remain the CEO through 2028. Grousbeck will cede his role when he no longer has the required ownership stake of at least 15 percent. Chisholm, the co-founder and managing partner of the California-based private equity firm STG Partners, is a Massachusetts native and longtime Celtics fan. Grousbeck and the outgoing ownership group Boston Basketball Partners LLC purchased the Celtics for $360 million in 2002. During that group's tenure, the club won NBA titles in 2007-08 and 2023-24 – the latter representing Boston's league-record 18th championship.
Skift
3 minutes ago
- Skift
Canadians Shun U.S., Ennismore's IPO Impact, and MSC's Carbon Cuts
Listen to the day's top travel stories in under four minutes every weekday. Good morning from Skift. It's Thursday, August 14. Here's what you need to know about the business of travel today. Canadians are continuing to shun travel to the U.S., writes Associate Editor Rashaad Jorden. The number of Canadians returning by car from the U.S. dropped 37% in July from last year, marking the seventh straight month of declines. July also saw a roughly 26% decrease in Canadians returning by air from the U.S. However, the number of Canadians returning from destinations other than the U.S. rose roughly 6%. Japan and Brazil, among other countries, have registered double-digit increases in Canadian visitors between January and June. Listen to This Podcast Apple Podcasts | Spotify | Youtube | RSS Next, Hospitality Reporter Luke Martin explains how a successful IPO for Ennismore could change how investors view lifestyle hotels. Martin writes, although Wall Street has long prioritized scale and cost efficiency, a successful IPO could elevate design, brand heat, and food-and-beverage revenue as credible sources of long-term value. If Ennismore performs well as a public company, Martin notes that would change how developers in the U.S. pick brands. However, Martin writes that if an Ennismore IPO were to stumble, that would reinforce the prevailing view that lifestyle belongs inside big hotel groups, not as a standalone business on the public markets. Finally, MSC Cruises, the third-largest cruise operator by passenger numbers, says it managed to cut greenhouse gas emissions last year. But the cruise industry still has a lot of work to reduce its massive carbon footprint, writes Climate Reporter Darin Graham. MSC Cruises highlighted in its latest climate report the tweaks and strategies that helped it cut emissions, including using AI-controlled heating and cooling systems. In addition, MSC's move to plug ships into the grid while in port enabled ships to run on electricity. However, MSC said its overall emissions will start climbing again without more transformative decarbonization solutions as its fleet grows. A report from maritime consultancy DNV warns that by 2030, the global production of carbon-neutral fuels for cruise ships won't match demand.
