4 September 2025 | 7:23AM HKT The 720: Asia Leaders Conference Day 1 Takeaways, Global Strategy, Commodity Views, Asia Strategy Earnings Revisions In Focus | Asia Leaders Conference Day 1 Takeaways Consumer | Anta, Laopu Gold, Yum China, Guming, Miniso, CR Beer, Xtep, Galaxy, Melco, Hindustan Unilever Anta - solid multi-brand operation to drive long-term sustainable growth - Buy (on CL). We believe market has largely digested the mediocre 3QTD trading for Anta core and Fila post guidance revisits during int ...

Company Updates - GreenPower Motor Company Inc. has had its shares reinstated for trading on the TSX Venture Exchange after the completion of a review of its annual filings [1] - The British Columbia Securities Commission and the Ontario Securities Commission revoked a cease trade order related to GreenPower's securities on July 31, 2025, which was due to the company's failure to file audited financial statements by the deadline [1] - The cease trade order did not affect trading on the Nasdaq Stock Exchange [1] Financial Information - GreenPower has entered into a revolving loan facility with a credit limit of up to $5 million, with a current outstanding balance of approximately $3.6 million [2] - The loan bears interest at a floating rate of US Prime +5% per annum and has a maturity date of January 26, 2027 [2] - During the year ended March 31, 2025, the company received loans totaling CAD $475,000 from FWP Holdings LLC, USD $250,000 from Koko Financial Services Inc., and CAD $675,000 from 0851433 BC Ltd., with accumulated unpaid interest of approximately CAD $146,000 [3] Related Party Transactions - Loans from FWP Holdings with a principal balance of CAD $3,670,000 matured on March 31, 2023, but the principal remains outstanding, generating accrued and unpaid interest of approximately CAD $440,000 [3] - The company received unsecured, non-interest-bearing advances of $150,000 from Koko and CAD $50,000 from FWP Acquisition Corp., which were repaid during the quarter ended June 30, 2025 [3] - A short-term loan of $125,000 was received from Countryman, a company beneficially owned by a director, which was subsequently repaid [3] Company Overview - GreenPower designs, builds, and distributes a full suite of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [4] - The company employs a clean-sheet design to manufacture vehicles that are purpose-built to be battery-powered with zero emissions [4] - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California [4]

Sales Performance - Ford's sales increased by 39% in August [1][2] - EV sales increased significantly, up 193% [1] - Mustang Mach-E sales increased by 35% [1] - Hybrid sales achieved the best monthly performance ever, up 145% [2] - Internal combustion engine vehicle sales increased by 2% [2] Market Trends and Predictions - Strong EV sales are expected across multiple automakers [1][2] - Anticipation of the federal tax credit expiration at the end of September is driving current sales [2][4] - Strong sales are expected in August and September due to the tax credit incentive [4] - Full-year vehicle sales are projected to reach approximately 164 million to 165 million units [3][5]

Summary of PHINIA (PHIN) 2025 Conference Call Company Overview - PHINIA is a diversified company with approximately $3.4 billion in revenue, specializing in precision machining, fluid management, and electrical components and systems [2] - The company generates about 34% of its revenue from the aftermarket, which includes services, components, and training facilities [2] Core Technology and Differentiation - PHINIA's product offerings include fuel injection systems, fluid management, selective catalytic reduction, and ignition systems, especially after the acquisition of SCM [2] - The company invests around $200 million, or nearly 6% of sales, in R&D, with customers contributing about $100 million annually for calibration and software support, resulting in a net R&D expenditure of approximately 3% [3] Industry Challenges and Innovations - Fuel injection systems are complex, requiring high precision manufacturing in clean room environments, with tolerances as tight as half a micron and pressures reaching 3,000 bar (approximately 45,000 PSI) [5][6] - The company is adapting to challenges posed by fuel quality, including the introduction of biofuels and contaminants [6] Competitive Landscape - The competitive landscape is narrowing, with PHINIA and Bosch being the two major players in the market, while smaller competitors are exiting [9] - PHINIA sees significant opportunities in off-highway and aerospace industries, where competitors are not investing as heavily in R&D [9] Market Demand Trends - The commercial vehicle off-highway business has declined from a peak, while light vehicle markets are softening, though there are signs of recovery in Europe and Asia [18] - The aftermarket segment remains strong, with growth driven by price increases and an aging vehicle fleet [20][21] Aftermarket Growth Drivers - The average age of vehicles is around 12-13 years, contributing to a 4% to 6% growth in the aftermarket, driven by price increases and new product lines [20][22] Off-Highway Applications - PHINIA is focusing on marine, industrial, agricultural, construction, and aerospace applications, which present significant growth opportunities due to new emissions regulations and alternative fuels [23] - The company has introduced cost-effective solutions for diesel and gasoline direct injection in off-highway applications [24][25] Non-Mobility Applications - PHINIA is leveraging its existing technology and manufacturing capabilities to expand into non-mobility applications, including stationary power and aerospace [29][30] Hydrogen Opportunities - The company sees potential in hydrogen combustion for commercial vehicles, although significant revenue contributions are not expected until the 2030s [31][32] Cultural and Structural Changes Post-Spinout - Since spinning out from Aptiv, PHINIA has been working on cultural and structural improvements, including consolidating ERP systems to enhance operational efficiency [14][15][16] Future Outlook - The company is optimistic about its growth trajectory, particularly in the aftermarket and off-highway segments, while continuing to invest in R&D and new technologies [18][19]

Core Insights - The number of critical "Do Not Drive" recalls has increased by over 65% since summer 2024, reaching 725,000 vehicles nationwide [1][2] - "Do Not Drive" recalls are issued when a vehicle defect poses severe risks, including potential crashes or fires, necessitating immediate parking and towing for repairs [2] - The total number of vehicles with at least one recall has decreased by approximately four million, now totaling 54.6 million vehicles with unrepaired recalls, indicating effective awareness efforts [3] Industry Efforts - CARFAX, in collaboration with the National Highway Traffic Safety Administration (NHTSA), has implemented programs to enhance awareness of open recalls and facilitate repairs [3][4] - The Vehicle Recall Search Service, launched in 2018, has identified millions of vehicles needing attention, contributing to road safety [4] - Eight state DMVs utilize the Vehicle Recall Search Service, which is provided free of charge to states and qualified users [4] Consumer Tools - Consumers can check for open recalls for free on CARFAX's website, and the CARFAX Car Care app offers maintenance reminders to ensure vehicle safety [5]

Volkswagen is harnessing the legacy of one of its best-selling cars, with a compact electric hatchback meant to defend Europe’s mass market against a wave of Chinese rivals https://t.co/KZBrUazyZg ...

Core Points - Autozi Internet Technology (Global) Ltd. announced the resignation of Mr. Weston Twigg from the Board of Directors effective August 28, 2025, due to personal reasons, with no disagreements reported [1] - Mr. Yafu Guo has been appointed as an independent director and will serve as Chairman of the Compensation Committee, effective August 28, 2025 [2] - Dr. Houqi Zhang, the CEO, expressed confidence in Mr. Guo's extensive experience in asset management and capital markets, highlighting his potential contribution to governance and shareholder value [3] Company Overview - Autozi is a leading provider of lifecycle automotive services in China, founded in 2010, offering a range of automotive products and services through online and offline channels [4] - The company utilizes an advanced online supply chain cloud platform and SaaS solutions to create a dynamic ecosystem that enhances collaboration and efficiency across the automotive industry [4] Board Composition - Following the recent changes, the Audit Committee is chaired by Mr. Kevin Vassily, with Dr. Jing Lu and Mr. Yafu Guo as members [6] - The Compensation Committee is chaired by Mr. Yafu Guo, with Mr. Kevin Vassily and Dr. Jing Lu as members [6] - The Nominating and Corporate Governance Committee is chaired by Dr. Jing Lu, with Mr. Kevin Vassily and Mr. Yafu Guo as members [6]

Volvo Car is handing more power to its executives in China as the carmaker looks to boost sales in the fiercely competitive local market https://t.co/uSwpEayqVE ...

Core Insights - DXC Technology has announced collaborations with startups Acumino, CAMB.AI, and GreenMatterAI to develop AI solutions for the automotive and manufacturing sectors [1][2] - The partnerships are part of DXC's ongoing collaboration with STARTUP AUTOBAHN, which connects early-stage innovators with large enterprises [1][3] Group 1: AI Innovations in Manufacturing - Acumino is working with DXC to implement general robotic intelligence for scalable automation in complex production environments, addressing the limitations of traditional robotic solutions [4] - Acumino's collaboration with Schaeffler has led to a proof-of-concept study that enhances packaging automation through AI-powered training systems, enabling robots to learn tasks with human-like dexterity [5][6] - GreenMatterAI is partnering with DXC to improve automatic weld inspection using synthetic data generation, which enhances defect detection accuracy and reduces rework costs by 25%, potentially saving manufacturers millions annually [9][10] Group 2: AI Solutions in Automotive Mobility - CAMB.AI is collaborating with DXC to create an AI-powered real-time speech translation solution aimed at improving traffic interpretation for international drivers [7][8] - The solution enhances driving experiences by providing live conversation translation, multilingual street sign recognition, and traffic rule explanations within the vehicle's digital cockpit [8] Group 3: Strategic Partnerships and Impact - DXC has selected over 100 emerging technology companies and launched over 25 pilots and customer projects through its partnership with STARTUP AUTOBAHN, demonstrating a commitment to transforming innovation into real-world impact [2][11] - The collaboration with startups reflects DXC's open innovation strategy, which aims to accelerate AI adoption and deliver tangible results in manufacturing and automotive sectors [11]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Continental AG identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][9]. Earnings Growth - Continental AG has a historical EPS growth rate of 147.6%, with projected EPS growth of 47.1% for the current year, significantly outperforming the industry average of 18.2% [5][4]. Asset Utilization Ratio - The company has an asset utilization ratio (sales-to-total-assets ratio) of 0.93, indicating it generates $0.93 in sales for every dollar in assets, which is higher than the industry average of 0.9, showcasing better efficiency [6]. Sales Growth - Continental's sales are expected to grow by 6.2% this year, contrasting with the industry average of 0%, highlighting its strong sales growth potential [7]. Earnings Estimate Revisions - The current-year earnings estimates for Continental have been revised upward by 1.1% over the past month, indicating a positive trend that correlates with potential stock price movements [8]. Overall Assessment - With a Zacks Rank of 2 and a Growth Score of A, Continental AG is positioned as a potential outperformer and a solid choice for growth investors [9][10].