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☆ Morgan Stanley names global 'alpha' stock ideas for January — and gives one 50% upside
▼ + stars: | 2024-01-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Asian markets may have had a rocky 2023, but those looking for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Another top stock that Morgan Stanley is overweight on is the Singapore-headquartered United Overseas Bank . Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for January. Notable bottom-ranked stocks Morgan Stanley also named its "notable bottom-ranked stock ideas." These factors "should result in a wider discount to peers like Telstra ," the investment bank's analysts wrote.

Persons: Morgan Stanley's, Morgan, Morgan Stanley, Michael Bloom Organizations: Alpha, Asia, SK Telecom, Korea, United Overseas Bank, ASEAN, Morgan, TPG Telecom, Telstra Locations: Asia, Pacific, Japan, Asia Pacific, Korean, Singapore

SEOUL/SHANGHAI, July 31 (Reuters) - Chinese battery materials firms are ramping up investment in South Korea, announcing projects worth at least $4.4 billion this year to try to meet U.S. electric vehicle (EV) tax credit rules aimed at lowering reliance on China's supply chains. The IRA, designed to wean the U.S. off the Chinese supply chain for electric vehicles (EVs), will also eventually bar tax credits if any EV battery components were manufactured by a "foreign entity of concern", a provision aimed at China. South Korea has a free-trade agreement with the United States that would likely make batteries manufactured in the North Asian nation and later installed in U.S.-manufactured electric cars eligible for the federal tax credits. SK On and its supplier EcoPro Co (086520.KQ) also announced a joint venture with China's Green Eco Manufacture to make battery precursors in South Korea. POSCO Holdings (005490.KS) said last month it would cooperate with China's CNGR Advanced Material (300919.SZ) on nickel refining and precursor production in South Korea.

Persons: Kang Dong, hasn't, China's, 1,274.0000, Heekyong Yang, Zoey Zhang, Miyoung Kim, Tom Hogue Organizations: SK, U.S, Hyundai Motor Securities, China JV, U.S . Treasury Department, South, New Energy Technology, Reuters, Zhejiang, LG Chem, LG Energy, EcoPro, China's, POSCO Holdings, LG, Samsung SDI, EV, Thomson Locations: SEOUL, SHANGHAI, South Korea, United States, China, U.S, Korea, Ningbo, Seoul, South Korean, Korean, KS, Shanghai

☆ Goldman Sachs names the winners and losers of an expected glut in EV battery parts
▼ + stars: | 2023-06-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs expects an oversupply in the global market of battery parts for electric vehicles to have major implications for four major companies. Potential losers The bank's analysts expect POSCO Future M and EcoPro BM, two major Korean cathode producers, to be negatively impacted by this surplus. We thus initiate at Sell on Posco Future M and Ecopro BM," said Goldman Sachs analysts led by Nihil Bhandari in a note on June 12. And winners While Korean cathode manufacturers are expected to face potential margin compression, Korean battery cell makers LG Chem and Samsung SDI are deemed to be in a more favorable position. According to Goldman Sachs, the entry barrier for assembling battery cells is higher than for producing cathodes, making it a less crowded market.

Persons: Goldman Sachs, Nihil Bhandari, Goldman Organizations: Trust Asia, Japan ETF, South Korean, LG Chem, Samsung SDI, Investors, SmartETFs Sustainable Energy, Franklin FTSE Locations: Japan, POSCO, Korean, Franklin FTSE South Korea, South Korea

The deal includes a commitment from PPES that ioneer's lithium will be used to build EV battery parts inside the United States for the U.S. EV market. "The whole purpose of this agreement is for this lithium to be used in the United States," James Calaway, ioneer's executive chairman, told Reuters. The amount of lithium that ioneer will supply PPES is enough to make batteries for about 150,000 EVs annually, though that figure would vary depending on design and other factors. Australia-based ioneer aims to produce about 21,000 tonnes of lithium in Nevada annually starting in 2025. It signed a supply deal with Ford Motor Co (F.N) in mid-July and last year with South Korea's Ecopro Co (086520.KQ).

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