The Asia Trade: 6/18/2025
The Asia Trade
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Singapore and Sydney with Avril Hong and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Does BYD or Tesla stock offer the best value?
Tesla (NASDAQ:TSLA) and BYD (OTC:BYDD.F) are the two titans of the global electric vehicle (EV) market, but their investment cases diverge sharply when you dig into the numbers and outlook. Here's how they stack up for investors looking ahead. Tesla's forward price-to-earnings (P/E) ratios remain stratospheric by any standard. The company is expected to trade at 168.8 times earnings in 2025, falling to 111.4 times in 2026 and 85.7 times in 2027. Even by its own five-year history, these multiples are elevated, and they are more than 10 times the consumer discretionary sector median. BYD, by contrast, looks far more modest. Its forward P/E is 18.4 times for 2025 and 14.2 times for 2026. That's just a fraction of Tesla's and much closer to sector norms. This huge valuation gap reflects the market's belief in Tesla's future growth, but also means any disappointment could hit the shares hard. Tesla's price-to-sales ratio for 2025 is a lofty 10.4 times, while BYD's is just 0.65 times. In other words, investors are paying a huge premium for each dollar of Tesla's sales, while BYD trades closer to traditional automaker multiples. BYD's lower multiple reflects its mass-market positioning and focus on affordability, while Tesla's premium signals expectations for high-margin growth and disruptive new business lines. Tesla boasts a market cap over $1trn, with $37bn in cash and $13bn in debt. This gives it a strong net cash position and plenty of firepower for R&D and expansion. BYD, with a market cap around $147bn, holds $21bn in cash and $5.7bn in debt. Still solid, but on a smaller scale. Tesla's financial muscle gives it flexibility, but BYD's balance sheet is also robust and supports its rapid global expansion. The real battleground is not just EVs, but autonomous driving and robotics. Tesla's valuation is highly detached from automotive peers because investors are betting it will dominate self-driving technology and unlock new business models like robotaxis and AI-powered logistics. Its Dojo supercomputer and Full Self-Driving (FSD) efforts are central to this thesis, though regulatory hurdles remain. BYD is not standing still. Its latest models integrate advanced driver-assist systems, LiDAR, and rapid-charging battery tech. This has already made headlines. However, its approach is more incremental, focusing on affordability, scale, and steady technological improvements. Coupled with the fact that it's Chinese, it hasn't been afforded the same attention by investors. BYD trades at far lower valuation multiples and has recently overtaken Tesla in global EV sales, especially in China and Europe. Meanwhile, Tesla commands a huge premium based on its potential to lead in autonomy and AI-driven transport. However, the execution risk is huge. For value-focused investors, BYD is the obvious choice, but clearly the market favours Tesla and Elon Musk's ambitions. The post Does BYD or Tesla stock offer the best value? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Entrepreneur
an hour ago
- Entrepreneur
Elevation Capital Sells Stake in Ixigo Worth INR 97.4 Cr
Previously, Elevation had also sold INR 100 crore worth of shares in a pre-IPO deal, and another INR 181 crore during the IPO through an offer-for-sale. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Venture capital firm Elevation Capital, formerly known as SAIF Partners, sold 5.4 million shares in online travel platform Ixigo for INR 97.4 crore, marking another significant stake reduction in the company. The shares were offloaded at INR 180.50 per share via its SAIF Partners India IV Limited investment vehicle. On the same day, global fund manager Schroder stepped in as a buyer. Its Asian Total Return Fund purchased 5.37 million shares in Ixigo for INR 96.9 crore, also at INR 180.50 per share, showing continued investor confidence in the travel-tech platform. This marks Elevation's second major sale in recent months. In May, the firm sold 2.15 million shares at INR 178 each, earning INR 38.27 crore. Combined, these transactions total INR 135.7 crore in returns. Elevation Capital, known for early bets on Paytm, Meesho, and Swiggy, originally bought Ixigo shares at just INR 7.14 each, according to the company's draft red herring prospectus (DRHP). This gives the firm an impressive 25X return on its Ixigo investment. Previously, Elevation had also sold INR 100 crore worth of shares in a pre-IPO deal, and another INR 181 crore during the IPO through an offer-for-sale. As of February 2025, it was still the largest institutional shareholder, holding 14% of Ixigo. Ixigo, officially known as Le Travenues Technology Limited, is seeing strong business growth. In Q4 FY25, its revenue from operations jumped 72% year-on-year to INR 284.1 crore, and Gross Transaction Volume (GTV) rose 65% YoY to INR 4,418.4 crore. Flight and bus bookings drove much of this growth with a 92% surge, while train bookings grew by 41%. The company also posted a Profit After Tax of INR 16.8 crore, more than double the INR 7.3 crore in the same quarter last year—an impressive 128% rise, signaling strong financial health and investor interest in the growing travel platform.
Yahoo
an hour ago
- Yahoo
Can Europe Win the AI Race?
Silicon Valley dominates artificial intelligence headlines, but a quiet AI revolution is unfolding across Europe -- from billion-dollar startups to a growing push for sovereignty in the tech of tomorrow. Bloomberg's Tom Mackenzie explains. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
