April 24, 2016 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
Vietnam News – Feb. 29, 2016, by Vietnam Holdings Asset Management (VNH)
Despite the fundamental outlook for the Renminbi looking somewhat weak, so far this year such worries have not yet come to pass, with the RMB flat to a smidgeon up against the US Dollar year-to-date. The Vietnamese Dong too stayed firm, up 0.8% on the same basis. We continue to hold two main views on the Dong:
1) If, as seems justified, the RMB weakens, it would be sensible to expect a competitive devaluation of the Dong too;
2) Vietnam’s balance of payments and overall economic situation is very different to China’s. In isolation this suggests a relatively firm currency outlook for the Dong.
Data points for the first two months of 2016 underpin the latter assertion above: a Vietnamese trade surplus of USD 865m; disbursed foreign direct investment up 15% YoY at USD 1.5bn, continuing strong retail sales growth of 9.7% nominal, 8.3% real; and industrial production growth of 6.6%.
Vietnam Holdings (VNH) Insights:
The first two months of 2016 have been mostly very bad for equities worldwide. Year to date benchmark indexes have swooned in Japan (Topix, -16%), China (Shanghai Composite, -24%), the Eurozone (Euro Stoxx 50, -11%), and the US (S&P500, -5%). In this context, Vietnam’s VNAS 2.7% YTD decline is something of a success, with February alone seeing a rise of 2.4% to 564.
VNH’s NAV per share rose 3.6% in February to USD 2.249 and now stands at 0.8% up since the beginning of the calendar year. Vietnamese stocks are near to three-year valuation lows, at 11.2x trailing earnings and 1.4x book value; this is at parity with the MSCI emerging market index’s price/earnings ratio, and a near 40% discount to the MSCI world’s price/earnings ratio.
Foreign ownership limits on listed equities in Vietnam are beginning to be raised on a case by case basis, for a dozen stocks so far. Vinamilk, most prominently, is moving in this direction, plus a collection of smaller names. This gives us some evidence that real change is afoot even if the implementation is piecemeal and gradual.
March 11, 2016 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
New name in the AR/VR/MR Game
March 8, 2016 | Forture – David Meyer
Amazon in in the game because they have to from a “protect their assets” in Video/entertainment IMHO. In addition Jeff Bezos never saw a new trend he did not like. Nor a reason to own Amazon but rather a know the players.
If Someone said to me – You can own four names in this space: Who would they be?
Himax (HIMX)* as the component supplier that supplies the most companies in this space.
Vuzix, (VUZI)* as the company that has been leading the technology and development the longest and most successfully.
Intel, (INTC) the company that has committed to the full range of offerings in this space from R&D, acquisitions, components and end product.
Facebook (FB) because they have done everything right so far, are committed and they have lots of cash and cash flow.
* An account related to LOTM (ZTA) holds a position in this security.
Bear Market? Yes Certainly… More to come?
The simple answer is – I don’t know, does anyone really? What I do know is that there are some very interesting ideas that are much cheaper today than they were six months ago. We suggest a dollar cost averaging methodology over time so don’t focus too much on market timing. Here are some names you might look at for the coming six to eighteen months.
February 28, 2016 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
VIETNAM: “One of the very best growth stories in the world.”
“In 2015 Vietnam’s GDP growth accelerated to 6.7%, in contrast to China’s deceleration and to the performance of most other emerging markets. Recent estimates suggest that aggregate global emerging market economic growth is running at about zero, making Vietnam one of the very best growth stories in the world.”
Min-Hwa Hu Kupfer, Chairperson, Vietnam Holdings Limited
– Special feature: China’s Impact on Vietnam
2015 Performance Highlights
– NAV per share: +8.4%
– Share price: +13.1%
– VNAS Index: -0.8% (USD-adjusted)
February 16, 2016 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
LOTM Company – Trade – Chart Ideas
Gold and Silver Miners
Gold and Silver Miners with Charts linked
The first 25% to 40% upswing in gold and silver miners has been made. This presents an emotional dilemma for those who did not want to invest while there was no upward trend. Now that there is an upward trend do you buy or are you saying – The shares moved up so fast I am not buying into this strength? There is no easy answer the market is in a hyper active emotional phase. Gold and silver could because of short covering trade sharply higher from here or it could, because it is over-bought short term, pull back and give you an opportunity to buy at a lower price. Because there is no clear answer to the question, a stage-in buy-in over a period of time is suggested. Gold and silver miners are technically on a short, intermediate and long term buy signal based on the stock price Vs short (50-day), intermediate (150-day) and long term (200-day) moving averages. It is recommended you look at five year charts to gain a better perspective of where gold and silver miner have been and where they might have the potential to return.
February 12, 2016 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
February 4, 2016 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
Some positive press for VUZI* in December —– Hopefully it turns into good stock price performance in 2016
December 27, 2015 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
Dec 26, 2015 | Posted by Scott Davis
Dec 18, 2015 | Matt Margolis
Value, macro, tech, long-term horizon
Vuzix (NASDAQ:VUZI) held its Q3 conference call on Friday, November 13th, but the message delivered from management was far from a Nightmare on Elm Street. Patient and deep value investors understand that Vuzix’s management is steadfast and focused that the augmented reality ((AR)) and virtual reality ((VR)) will continue to develop over time….
“the rest of the story” is blocked from the public – SEEKING ALPHA Pro subscribers only ….
Dec 18, 2015 | Yahoo Finance
Vuzix M100 Smart Glasses enabled with the ESSERT Augmented Support application, an advanced, cost-effective remote support system for smart glasses, allows …
Hercules Technology Growth Capital (HTGC) $11.62 – 11% dividend
There is Good News About Rising Interest Rates for HTGC
98.2% of its $1.1B loan portfolio is floating rate, and 100% of its debt is at fixed rates.
Each 0.25% increase in interest rates generates about $2M, or $0.03 per share per year of additional net investment income.
This is a very well-managed company. They do the little things right that make big differences. This was a $14 to $16 dollar stock in the first quarter of 2015. As this news spreads that they benefit from rising rates, it is our belief that the share price will return to trade at an 8% dividend payout which means the price will have to go up.
LOTM suggest buying or adding to the shares of HTGC.
December 19, 2015 By Tom Linzmeier, Editor LivingofftheMarket.com (LOTM)
Source: Company press release | No account related to LOTM holds shares of HTGC as of this date.
December 15, 2015 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
Dec 15, 2015, 08.41 AM | Source: CNBC-TV18 India,
By ADRIAN MOWAT, Chief Asian & Emerging Market Strategist
The US Federal Reserve’s crucial two-day monetary policy meeting begins on December 15, and expectations are high that the central bank will raise interest rates.
DEC 14, 2015 5:00 AM EST By Mohamed A. El-Erian
Last week’s volatility in the markets, highlighted by further implosions in the high yield and energy segments, won’t deter the Federal Reserve from raising interest rates on Wednesday. But the turmoil complicates the central bank’s communications challenge, particularly the need to wrap the hike in heavily conditional and responsive packaging.
Muhlenkamp Bullish on Healthcare, Sees Limited Opportunities Elsewhere | December 04, 2015
Ronald Muhlenkamp gives his market, investment insights at seminar.
December 4, 29015 By Tom Linzmeier, editor LivingofftheMarket.com (LOTM)
Investment Trust Watch: Is Templeton a buy? | November 27, 2015
Mark Mobius warns of waning steel demand in China. | November 27, 2015
Mowat Expects Investors to Return to Emerging Markets | November 27, 2015
Oil Prices and the Syrian Civil War. | October 14 , 2015
* This blog presents a combination of comments & market views from a bend of Bottom Up Stock Picking through a Top Down Macro view. The views of Tom Linzmeier and other market professionals whose opinions have stood the test of times are posted on this blog. LOTM Newsletter’s Focus is on Emerging Companies, Dividend Paying Ideas, Technically Attractive Chart Breakouts & Precious Metals. Typically we look for stock ideas from undervalued Industries re-emerging or new break-out industries just being discovered. Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.