APAC Roundup: ATHs for Chinese power manufacturing and trouble in Thailand
Harbin Electric, Wasion Holdings, NHK Spring, Lumentum, Fabrinet, Seikoh Giken.
Harbin Electric +10.46%
GE’s long term partner in China.
Moving in sympathy with GE? Only bullish news we could find was from a month ago.
Peers Dongfang Electric (01072.HK) up 13.87%, Shanghai Electric (02727.HK) gained 8.68%.
Wasion Holdings +9.39%
We cover their Johor operations quite closely here. Market seems to like China’s posture towards Nvidia chips, expressing the view that Day One’s business is not under threat (at least geopolitically).
NHK Spring +3.41%
Remarkable comeback from this name. We are now only down ~10% on this basket sized position.
Below the paywall:
Sleeper data center rollup idea below
Bite-sized take on the political upheaval in Thailand.
A range of Wasion and CQME price targets contributed by some family offices.