DOCSLIB.ORG

Form Nport-Ex

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

SECURITIES AND EXCHANGE COMMISSION FORM NPORT-EX Filing Date: 2019-09-27 | Period of Report: 2019-07-31 SEC Accession No. 0001752724-19-135516 (HTML Version on secdatabase.com) FILER VANGUARD INTERNATIONAL EQUITY INDEX FUNDS Mailing Address Business Address PO BOX 2600 PO BOX 2600 CIK:857489| IRS No.: 000000000 | State of Incorp.:DE | Fiscal Year End: 1031 V26 V26 Type: NPORT-EX | Act: 40 | File No.: 811-05972 | Film No.: 191122045 VALLEY FORGE PA 19482 VALLEY FORGE PA 19482 6106691000 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Vanguard Emerging Markets Stock Index Fund Schedule of Investments (unaudited) As of July 31, 2019 Market Value Shares ($000) Common Stocks (97.9%)1 Brazil (8.7%) Vale SA 37,775,677 493,038 Petroleo Brasileiro SA 52,137,977 393,322 Itau Unibanco Holding SA Preference Shares 39,702,491 362,242 Banco Bradesco SA Preference Shares 39,051,207 353,025 B3 SA - Brasil Bolsa Balcao 30,435,455 336,466 Ambev SA 61,962,335 326,831 Itau Unibanco Holding SA ADR 30,001,875 274,517 Itausa - Investimentos Itau SA Preference Shares 67,295,855 219,891 Petroleo Brasileiro SA Preference Shares 31,765,986 217,081 Banco Bradesco SA ADR 22,929,932 207,287 Banco do Brasil SA 15,969,319 205,959 Vale SA Class B ADR 15,344,009 199,319 Petroleo Brasileiro SA ADR Preference Shares 12,580,190 172,600 Lojas Renner SA 12,182,755 151,504 Banco Bradesco SA 16,196,057 132,027 IRB Brasil Resseguros SA 4,289,633 106,781 * Rumo SA 17,221,342 98,914 JBS SA 14,906,670 97,259 Localiza Rent a Car SA 8,335,377 96,101 BB Seguridade Participacoes SA 10,429,536 88,681 Telefonica Brasil SA Preference Shares 5,790,456 79,354 Magazine Luiza SA 1,126,431 77,839 Raia Drogasil SA 3,521,969 76,607 Kroton Educacional SA 22,728,002 74,800 Petrobras Distribuidora SA 10,640,221 74,163 WEG SA 11,452,806 71,483 Suzano SA 8,888,263 71,430 * BRF SA 7,770,014 68,022 Ultrapar Participacoes SA 13,015,546 67,834 CCR SA 17,226,066 67,481 Notre Dame Intermedica Participacoes SA 5,803,917 66,459 Equatorial Energia SA 2,614,806 64,748 Banco BTG Pactual SA 3,713,833 58,155 Lojas Americanas SA Preference Shares 11,990,158 57,023 ^ Banco Santander Brasil SA ADR 4,668,885 52,665 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Hypera SA 6,098,127 48,225 Klabin SA 11,020,865 46,320 BR Malls Participacoes SA 11,677,669 45,929 Natura Cosmeticos SA 2,822,240 45,236 Cia Energetica de Minas Gerais Preference Shares 11,733,745 43,475 Gerdau SA Preference Shares 11,606,862 41,819 Centrais Eletricas Brasileiras SA 4,041,574 41,715 Cia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares 1,662,576 40,755 * Azul SA Prior Preference Shares. 2,928,743 39,737 Sul America SA 3,408,821 37,533 Embraer SA 7,251,482 36,691 Cia de Saneamento Basico do Estado de Sao Paulo 2,604,986 36,450 Cia de Saneamento Basico do Estado de Sao Paulo ADR 2,600,382 36,171 Energisa SA 2,693,401 34,864 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document YDUQS Part 3,844,796 34,556 Itau Unibanco Holding SA 4,391,092 34,403 Engie Brasil Energia SA 2,674,013 33,822 Cia de Saneamento do Parana 1,500,155 33,648 Cosan SA 2,486,727 33,153 Cielo SA 17,099,288 32,439 Multiplan Empreendimentos Imobiliarios SA 4,274,185 31,796 Atacadao SA 5,111,847 31,357 TOTVS SA 2,401,441 30,519 Centrais Eletricas Brasileiras SA Preference Shares 2,937,151 30,477 TIM Participacoes SA 8,922,450 28,570 Bradespar SA Preference Shares 3,432,519 28,440 Ambev SA ADR 5,188,773 27,345 * B2W Cia Digital 2,563,120 25,481 2 Hapvida Participacoes e Investimentos SA 2,292,377 25,108 Transmissora Alianca de Energia Eletrica SA 3,403,386 24,810 Cyrela Brazil Realty SA Empreendimentos e Participacoes 3,867,652 24,728 CVC Brasil Operadora e Agencia de Viagens SA 1,801,000 24,006 MRV Engenharia e Participacoes SA 4,428,933 23,535 EDP - Energias do Brasil SA 4,582,850 23,164 Cia Siderurgica Nacional SA 5,027,948 21,778 Qualicorp Consultoria e Corretora de Seguros SA 3,644,864 21,222 Cia Energetica de Sao Paulo Preference Shares 2,782,505 21,137 Embraer SA ADR 1,028,273 20,771 Porto Seguro SA 1,470,598 20,076 Fleury SA 3,250,466 19,871 Odontoprev SA 4,285,486 19,651 Cia de Transmissao de Energia Eletrica Paulista Preference Shares 3,026,851 19,194 Cia Siderurgica Nacional SA ADR 4,438,033 18,950 Cia Brasileira de Distribuicao ADR 749,277 18,252 Banco do Estado do Rio Grande do Sul SA Preference Shares 2,890,400 17,806 Cia Paranaense de Energia ADR 1,351,964 17,454 Banco Santander Brasil SA 1,514,200 17,001 Linx SA 1,995,694 16,943 Cia de Saneamento de Minas Gerais-COPASA 951,317 16,801 Iguatemi Empresa de Shopping Centers SA 1,319,322 16,625 Metalurgica Gerdau SA Preference Shares Class A 9,486,912 16,531 Light SA 3,181,877 16,133 Cia Hering 1,875,877 15,729 * Gol Linhas Aereas Inteligentes SA Preference Shares 1,452,402 15,592 Alpargatas SA Preference Shares 2,767,901 15,049 * Braskem SA Preference Shares 1,682,178 15,004 ^ Gerdau SA ADR 4,183,088 14,892 Duratex SA 4,294,949 14,146 M Dias Branco SA 1,340,450 13,744 Sao Martinho SA 2,567,886 13,599 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Usinas Siderurgicas de Minas Gerais SA Preference Shares 5,889,423 13,503 BK Brasil Operacao e Assessoria a Restaurantes SA 2,367,482 12,748 TIM Participacoes SA ADR 735,146 11,733 Alupar Investimento SA 1,675,134 11,636 * Via Varejo SA 5,610,395 11,349 *,^ Braskem SA ADR 639,839 11,345 Cia de Locacao das Americas 855,039 11,202 Centrais Eletricas Brasileiras SA ADR Preferrence Shares 1,073,581 10,886 Iochpe Maxion SA 1,895,305 10,841 2 Banco Inter SA Preference Shares 2,481,810 10,698 Aliansce Shopping Centers SA 1,409,994 10,415 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Lojas Americanas SA 2,837,818 10,403 EcoRodovias Infraestrutura e Logistica SA 3,076,126 9,495 Arezzo Industria e Comercio SA 698,984 9,229 Smiles Fidelidade SA 886,880 9,163 Ez Tec Empreendimentos e Participacoes SA 1,052,822 9,062 Marcopolo SA Preference Shares 8,934,085 8,919 Telefonica Brasil SA ADR 634,880 8,660 AES Tiete Energia SA 2,532,552 8,488 Grendene SA 3,826,131 7,620 ^ Cia Energetica de Minas Gerais ADR 2,043,455 7,479 Construtora Tenda SA 1,096,798 7,283 Randon Participacoes SA Preference Shares 2,801,312 7,274 * BRF SA ADR 761,738 6,620 Cia Energetica de Minas Gerais 1,478,651 6,594 SLC Agricola SA 1,384,430 6,544 Unipar Carbocloro SA Preference Shares 719,136 6,352 2 Ser Educacional SA 845,528 5,836 * Marfrig Global Foods SA 3,179,873 5,524 * BR Properties SA 1,995,079 5,249 Santos Brasil Participacoes SA 3,617,222 5,005 Guararapes Confeccoes SA 959,060 4,898 * Cosan Logistica SA 971,400 4,755 Centrais Eletricas Brasileiras SA ADR 449,147 4,608 Movida Participacoes SA 1,140,170 4,461 Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA 1,105,598 4,406 * Even Construtora e Incorporadora SA 1,713,200 4,399 Tupy SA 856,292 4,310 * Minerva SA 1,680,039 3,795 Camil Alimentos SA 1,927,500 3,732 Wiz Solucoes e Corretagem de Seguros SA 1,124,219 3,506 Enauta Participacoes SA 988,330 3,431 Cia Paranaense de Energia Preference Shares 263,705 3,396 Cia Paranaense de Energia 262,900 3,323 Instituto Hermes Pardini SA 633,160 3,257 Direcional Engenharia SA 940,943 3,104 Alliar Medicos A Frente SA 732,900 2,840 Mahle-Metal Leve SA 425,673 2,747 Sonae Sierra Brasil SA 250,510 2,330 Anima Holding SA 399,126 2,251 Dimed SA Distribuidora da Medicamentos 19,600 1,982 LOG Commercial Properties e Participacoes SA 319,979 1,973 * Dommo Energia SA 1,720,335 1,920 * Eneva SA 218,652 1,483 * Omega Geracao SA 114,500 825 Cia de Saneamento do Parana Preference Shares 143,600 599 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Petroleo Brasileiro SA Ordinary Shares 33,315 501 Gerdau SA 71,400 221 * Oi SA ADR 1 — 7,527,344 Chile (1.0%) Empresas COPEC SA 7,448,182 68,344 SACI Falabella 10,729,270 66,295 Banco de Chile 443,101,132 63,569 Enel Americas SA 329,384,544 54,347 Banco de Credito e Inversiones SA 717,393 45,194 Latam Airlines Group SA 4,465,045 42,557 Copyright © 2021 www.secdatabase.com.
Recommended publications
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA

    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
  • CHINA FIELD TRIP May 10Th –12Th, 2011

    CHINA FIELD TRIP May 10Th –12Th, 2011

    CHINA FIELD TRIP May 10th –12th, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company’s results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its Internet website (www.psa-peugeot-citroen.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements. More comprehensive information about PSA PEUGEOT CITROËN may be obtained on its Internet website (www.psa-peugeot-citroen.com), under Regulated Information. th th China Field Trip - May 10 –12 , 2011 2 PSA in Asia – Market Forecast, PSA in China: ongoing successes and upsides Frédéric Saint-Geours Executive VP, Finance and Strategic Development Grégoire Olivier, Executive VP, Asia Table of contents Introduction China: the new auto superpower China: a global economic power The world’s largest automotive market The growth story is set to continue PSA in China China: a second home market for PSA 2 complementary JVs Key challenges in China and PSA differentiation factors A sustainable profitable growth Extending the Chinese Success ASEAN strategy Capturing the Indian opportunity th th China Field Trip - May 10 –12 , 2011 4 PSA – a global automotive player (1/2) > 39% of PSA’s 2010 sales are realized outside of Europe, of
  • For Personal Use Only Use Personal for Beijing National Battery Technology Co., Ltd

    For Personal Use Only Use Personal for Beijing National Battery Technology Co., Ltd

    AVZ Minerals Limited 21 March 2018 Beijing National Battery Technology Co., Ltd to visit the Manono Lithium Project AVZ Minerals Limited (ASX: AVZ) (“AVZ” or “Company”) is pleased to advise that it is actively progressing the Memorandum of Understanding (“MOU") with Beijing National Battery Technology Co., Ltd (“BNB”) for potential investment and off-take opportunities. As previously advised, discussions with BNB have been on-going for a number of months, and as part of BNB’s already-in-progress due diligence, the Company extended an invitation to visit the Manono Lithium Project in the Democratic Republic of Congo (“DRC”). Discussions have recently been held between BNB’s Chairman and AVZ Executive Management around working together to accelerate the development and production of the Manono Lithium Project. AVZ is pleased to confirm that the Chairman of BNB and their due diligence team will be attending site at Manono in the DRC next week with AVZ Management and its strategic advisor, Airguide International Pte Limited. Beijing National Battery Technology Co., Ltd (www.nationalpower.com.cn) is headquartered in Beijing, China, and holds the dominant market position for the supply of batteries to China's bus industry and is the 7th largest battery maker globally with a focus on rapidly expanding its production facilities. AVZ’s Executive Chairman Klaus Eckhof commented: “We are very excited by the pace and professionalism demonstrated by BNB as they move through their due diligence process with AVZ. Their ambition to be a dominant player in the global battery market is an excellent match for AVZ given the size of Manono.
  • FOURIN's China Auto Data Directory Your Best Source of Information on the Chinese Automotive Industry and Market

    FOURIN's China Auto Data Directory Your Best Source of Information on the Chinese Automotive Industry and Market

    FOURIN's China Auto Data Directory Your Best Source of Information on the Chinese Automotive Industry and Market ■Format: Excel ■Release Date: September 30, 2011 ■Price: 90,000JPY (excl. VAT for Japan orders) Invaluable Intelligence and Data to Support Any Automotive Business in China The only way you can stay ahead of the crowd and be the person of the moment is to have the best information available when you need it the most. FOURIN is beginning a new service offering a detailed and user-friendly database on major automakers and parts manufacturers in China. Data are provided to you in Excel format, allowing rapid searching, sorting and transfer. Based on years of close cooperation with trusted customers, the database is tailored to the needs of automotive industry professionals who are in need of detailed facts on major players in the Chinese automotive industry. Rather than wading through endless number of press releases and media reports, you choose the data that is important to you and see it in a well-organized table immediately. The database currently includes approximately 1,500 production bases and other facilities of around 200 Chinese and foreign automakers andparts suppliers. FOURIN's China Auto Data Directory (Sample) Data Source Location Location Establishment Operation Base Name Main Products (APC)/ Activities APC (units) Company (City) (Admin. Unit) Date Start CBU (4 platforms: Chery, Riich, Rely, Chery Automobile Co., Ltd. Wuhu Anhui Jan. 1997 Dec. 1999 CBU 900,000 units (2010) Karry), engines, transmissions 150,000 units (2010)→ Chery Automobile - No.1 Plant Wuhu Anhui Mar. 1997 Dec.
  • China Construction Machinery

    China Construction Machinery

    10 Feb 2020 CMB International Securities | Equity Research | Sector Update China Construction Machinery Scenario analysis on the resumption of factory production OUTPERFORM (Maintain) Factories in China, except Hubei, are scheduled to resume operation today. We China Capital Goods evaluate the companies under our coverage from several dimensions, including location of factories, capacity utilization, downstream demand and cash flow Wayne Fung, CFA management. Our base case scenario suggests that the overall earnings impact (852) 3900 0826 for the full year should be limited, as the sales volume in 1Q (the traditional peak [email protected] season) will potentially be shifted to 2Q or 3Q (low seasons) when the construction activities pick up when the epidemic is under control. We believe potential share price volatility in the near term will serve as opportunities to accumulate quality names such as SANY Heavy (600031 CH, BUY, TP: RMB19.0), Jiangsu Hengli (601100 CH, BUY, TP: RMB54.0) and Weichai Power (2338 HK, BUY, TP: HK$17.9 / 000338 CH, BUY, TP: RMB15.9). Utilization rate to gradually increase. For the companies under our coverage, no production base is located in Hubei province (figure 1). Some companies such as Weichai, SANY Heavy and Zoomlion have already resumed production since last week while others will restart today. That said, we do expect most of them will only ramp up its production gradually due to the potential labour shortage in the near term. Companies are trying their best to ramp up production to fulfil the existing orders, based on our check. Related Reports Expect mild delay on downstream demand.
  • Global Industrials

    Global Industrials

    28 May 2013 Americas/United States Equity Research Electrical Equipment / Capital Goods i-Spy Global Industrials Weekly Research Analysts COMMENT Julian Mitchell 212 325 6668 [email protected] More signs of Japanese manufacturing Charles Clarke 212 538 7095 renaissance; rising competition in industrial [email protected] Jonathan Shaffer automation, but bottoming demand 212 325 1259 [email protected] ■ Further signs of Japanese manufacturing renaissance: In an earlier i-Spy, we noted that Nissan had delayed the migration of certain car model production out of Japan; now Kawasaki has announced it will bring back production of mid- sized motorbikes from Thailand to Japan due to the falling Yen. Many of KHI's motorbikes manufactured in Thailand are sold in the US; production will move This Week (5/27/2013 - 6/2/2013) gradually to Japan beginning this autumn. Macro Events ■ China to develop large aero engines within a decade: The MITI's industry 5/28 US May Dallas Fed Mfg. Activity plan last week targets 5% local market share for the domestic commercial 5/28 US May Richmond Fed aerospace industry by 2020 (C919 orders have already reached almost 400 5/30 Euro-Zone Business Climate aircraft), and an assembly line for medium-power aero engines by 2015, with 5/31 US May Chicago PMI larger engines to be produced within 10 years. 6/1 China PMI Mfg ■ Industrial automation competition increasing; PLC role under threat: Company Events Meetings at EPG and at ETN confirmed several themes we noted following our 5/27-30 Siemens AG Roadshow - Beijing trip to Hannover's Automation Fair in April.
  • Federal Register/Vol. 79, No. 124/Friday, June 27, 2014/Notices

    Federal Register/Vol. 79, No. 124/Friday, June 27, 2014/Notices

    36462 Federal Register / Vol. 79, No. 124 / Friday, June 27, 2014 / Notices area, information may be obtained from: Administration employees in the States For all other records, information may Office of Work Force Management, of Connecticut, Delaware, Maine, be obtained from: Office of Human National Oceanic and Atmospheric Massachusetts, New Hampshire, New Resources Management, Human Administration, 1305 East-West Jersey, New York, North Carolina, Ohio, Resources Operations Center, U.S. Highway, SSMC#4, Room 12434, Silver Pennsylvania, Rhode Island, South Department of Commerce, Office of the Spring, Maryland 20910, (301) 713– Carolina, Vermont, Virginia, West Secretary, Room 7412 HCHB, 1401 6302. Virginia, Puerto Rico, and the Virgin Constitution Avenue NW., Washington, For records of Office of the Secretary, Islands; for employees in the Bureau of DC, 20230, (202) 482–3301. Bureau of Economic Analysis, Bureau of Industry and Security, Economic Industry and Security, Economic Development Administration, Minority RECORD ACCESS PROCEDURES: Development Agency, Minority Business Development Agency, and Requests from individuals should be Business Development Agency, National International Trade Administration in addressed to: Same address of the Telecommunications and Information the States of Alabama, Delaware, desired location as stated in the Administration employees in the Florida, Georgia, Maryland, New Jersey, Notification section above. Washington, DC, metropolitan area, New York, North Carolina, CONTESTING RECORDS PROCEDURES: information may be obtained from: Pennsylvania, South Carolina, The Department’s rules for access, for Office of Human Resource Management, Tennessee, Virginia, West Virginia, contesting contents, and appealing Human Resource Operations Center, Puerto Rico, and the Virgin Islands: initial determinations by the individuals Office of the Secretary, Room 7412, Human Resources Manager, Eastern concerned appear in 15 CFR part 4b.
  • Annual Report 2009 Overseas Manufacturing Companies

    Annual Report 2009 Overseas Manufacturing Companies

    Management & Corporate Information Overseas Manufacturing Companies As of March 31, 2009 24 23 19 20 17 18 1 2 32 27-31,33 4 3 12 9 21 22 8 35 6 7 5 13 10 44 11 52 34,36 37 45 47-50 39 38 51 46 16 43 42 25 41 40 15 26 14 53 North America Country/Area Company name Main products Voting rights Start of ratio* (%) operations Canada 1 Canadian Autoparts Toyota Inc. (CAPTIN) Aluminum wheels 100.00 1985 2 Toyota Motor Manufacturing Canada Inc. (TMMC) Corolla, Matrix, RX350, RAV4 100.00 1988 U.S.A. 3 TABC, Inc. Catalytic converters, steering columns, 100.00 1971 stamped parts 4 New United Motor Manufacturing, Inc. (NUMMI)** Corolla, Tacoma 50.00 1984 5 Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) Camry, Camry Hybrid, Camry Solara, 100.00 1988 Avalon, VENZA/engines 6 Catalytic Component Products, Inc. (CCP) Catalytic converters — 1991 7 Bodine Aluminum, Inc. Aluminum castings 100.00 1993 8 Toyota Motor Manufacturing, West Virginia, Inc. (TMMWV) Engines, transmissions 100.00 1998 9 Toyota Motor Manufacturing, Indiana, Inc. (TMMI) Tundra, Sequoia, Sienna 100.00 1999 10 Toyota Motor Manufacturing, Alabama, Inc. (TMMAL) Engines 100.00 2003 11 Toyota Motor Manufacturing, Texas, Inc. (TMMTX) Tundra 100.00 2006 12 Subaru of Indiana Automotive, Inc. (SIA)** Camry — 2007*** Mexico 13 Toyota Motor Manufacturing de Baja California Tacoma/Truck beds 100.00 2004 S.de R.L.de C.V. (TMMBC) Central and South America Country/Area Company name Main products Voting rights Start of ratio* (%) operations Argentina 14 Toyota Argentina S.A.
  • China Autos Asia China Automobiles & Components

    China Autos Asia China Automobiles & Components

    Deutsche Bank Markets Research Industry Date 18 May 2016 China Autos Asia China Automobiles & Components Vincent Ha, CFA Fei Sun, CFA Research Analyst Research Analyst (+852 ) 2203 6247 (+852 ) 2203 6130 [email protected] [email protected] F.I.T.T. for investors What you should know about China's new energy vehicle (NEV) market Many players, but only a few are making meaningful earnings contributions One can question China’s target to put 5m New Energy Vehicles on the road by 2020, or its ambition to prove itself a technology leader in the field, but the surge in demand with 171k vehicles sold in 4Q15 cannot be denied. Policy imperatives and government support could ensure three-fold volume growth by 2020, which would make China half of this developing global market. New entrants are proliferating, with few clear winners as yet, but we conclude that Yutong and BYD have the scale of NEV sales today to support Buy ratings. ________________________________________________________________________________________________________________ Deutsche Bank AG/Hong Kong Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MCI (P) 057/04/2016. Deutsche Bank Markets Research Asia Industry Date China 18 May 2016 Automobiles & China
  • China Construction Machinery

    China Construction Machinery

    21 Jan 2020 CMB International Securities | Equity Research | Sector Update China Construction Machinery SANY & Hengli issued +ve profit alert; Expect SANYI the next OUTPERFORM (Maintain) After the positive profit alert released by Zoomlion (1157 HK / 000157 CH, BUY) China Capital Goods last week followed by favourable share price reaction, SANY Heavy (600031 CH, BUY, Top pick) and Jiangsu Hengli (601100 CH, BUY) also released positive Wayne Fung, CFA alert yesterday with net profit in 2019E up 76-93% YoY and 47-53% YoY (852) 3900 0826 respectively. The strong earnings growth reaffirms our positive stance on both [email protected] companies. On the other hand, within our universe, we expect SANYI (631 HK, BUY) will potentially issue positive alert as well, which should serve as near term share price catalyst. SANY Heavy’s net profit in 2019E surged 76-93% YoY. According to the Company, the net profit range is RMB10.8-11.8bn, with mid-point of RMB11.3bn slightly above our estimate of RMB11.1bn. This implies 4Q19E earnings of RMB1.64-2.64bn, up 33%-114% YoY, with a mid-point of RMB2.14bn higher than our estimate of RMB1.97bn. The growth was driven by all business lines including excavator, crane, concrete, and pilling machinery. Besides, production efficiency enhancement and operating leverage also helped drive the earnings growth. Going forward, we expect an extended upcycle of excavator, together with the strong cycle of concrete and crane machinery, will continue to offer earnings surprise in 2020E. Jiangsu Hengli’s net profit in 2019E grew 47-53% YoY.

  • 1 1 China Petroleum & Chemical Corporation 1913182 70713

    2011 Ranking 2010 Company Name Revenue (RMB, million) Net profit (RMB Million) Rankings (x,000,000) (x,000,000) 1 1 China Petroleum & Chemical Corporation 1913182 70713 2 2 China National Petroleum Corporation 1465415 139871 3 3 China Mobile Limited 485231 119640 China Mobile Revenue: 485,231,000,000 4 5 China Railway Group Limited 473663 7488 5 4 China Railway Construction Corporation Limited 470159 4246 6 6 China Life Insurance Co., Ltd. 388791 33626 7 7 Bank of China Ltd 380821 165156 8 9 China Construction Company Limited 370418 9237 9 8 China Construction Bank Corporation 323489 134844 10 17 Shanghai Automotive Group Co., Ltd. 313376 13698 11 . Agricultural Bank of China Co., Ltd. 290418 94873 12 10 China Bank 276817 104418 China Communications Construction Company 13 11 Limited 272734 9863 14 12 China Telecom Corporation Limited 219864 15759 China Telecom 15 13 China Metallurgical Co., Ltd. 206792 5321 16 15 Baoshan Iron & Steel Co., Ltd. 202413 12889 17 16 China Ping An Insurance (Group) Co., Ltd. 189439 17311 18 21 China National Offshore Oil Company Limited 183053 54410 19 14 China Unicom Co., Ltd. 176168 1228 China Unicom 20 19 China PICC 154307 5212 21 18 China Shenhua Energy Company Limited 152063 37187 22 20 Lenovo Group Limited 143252 1665 Lenovo 23 22 China Pacific Insurance (Group) Co., Ltd. 141662 8557 24 23 Minmetals Development Co., Ltd. 131466 385 25 24 Dongfeng Motor Group Co., Ltd. 122395 10981 26 29 Aluminum Corporation of China 120995 778 27 25 Hebei Iron and Steel Co., Ltd. 116919 1411 28 68 Great Wall Technology Co., Ltd.
  • Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP

    Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP

    Global Equity Fund June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA MICROSOFT CORP 2.5289% 2.5289% APPLE INC 2.4756% 2.4756% AMAZON COM INC 1.9411% 1.9411% FACEBOOK CLASS A INC 0.9048% 0.9048% ALPHABET INC CLASS A 0.7033% 0.7033% ALPHABET INC CLASS C 0.6978% 0.6978% ALIBABA GROUP HOLDING ADR REPRESEN 0.6724% 0.6724% JOHNSON & JOHNSON 0.6151% 0.6151% TENCENT HOLDINGS LTD 0.6124% 0.6124% BERKSHIRE HATHAWAY INC CLASS B 0.5765% 0.5765% NESTLE SA 0.5428% 0.5428% VISA INC CLASS A 0.5408% 0.5408% PROCTER & GAMBLE 0.4838% 0.4838% JPMORGAN CHASE & CO 0.4730% 0.4730% UNITEDHEALTH GROUP INC 0.4619% 0.4619% ISHARES RUSSELL 3000 ETF 0.4525% 0.4525% HOME DEPOT INC 0.4463% 0.4463% TAIWAN SEMICONDUCTOR MANUFACTURING 0.4337% 0.4337% MASTERCARD INC CLASS A 0.4325% 0.4325% INTEL CORPORATION CORP 0.4207% 0.4207% SHORT-TERM INVESTMENT FUND 0.4158% 0.4158% ROCHE HOLDING PAR AG 0.4017% 0.4017% VERIZON COMMUNICATIONS INC 0.3792% 0.3792% NVIDIA CORP 0.3721% 0.3721% AT&T INC 0.3583% 0.3583% SAMSUNG ELECTRONICS LTD 0.3483% 0.3483% ADOBE INC 0.3473% 0.3473% PAYPAL HOLDINGS INC 0.3395% 0.3395% WALT DISNEY 0.3342% 0.3342% CISCO SYSTEMS INC 0.3283% 0.3283% MERCK & CO INC 0.3242% 0.3242% NETFLIX INC 0.3213% 0.3213% EXXON MOBIL CORP 0.3138% 0.3138% NOVARTIS AG 0.3084% 0.3084% BANK OF AMERICA CORP 0.3046% 0.3046% PEPSICO INC 0.3036% 0.3036% PFIZER INC 0.3020% 0.3020% COMCAST CORP CLASS A 0.2929% 0.2929% COCA-COLA 0.2872% 0.2872% ABBVIE INC 0.2870% 0.2870% CHEVRON CORP 0.2767% 0.2767% WALMART INC 0.2767%