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July 13th, 2022 | 14:28 CEST

Mercedes-Benz, JinkoSolar and Globex Mining with top news - Nordex needs money again!

  • Commodities
  • Investments
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Rising commodity prices have recently pushed inflation in Europe to over 7%. With the ongoing conflicts, economic forecasts for global growth are now also clouding over further. The German Federal Bank expects increasing economic risks in the second half of the year and consequently reduced demand for raw materials. As a result, inflation is expected to fall next year due to the high base effects from 2022. The beneficiaries would be the industries currently suffering from fragile supply chains and dependent on a stable supply of raw materials. Hopes are therefore pinned on a near end to the war in Ukraine. Which stocks could then benefit very quickly?

time to read: 5 minutes | Author: André Will-Laudien
ISIN: MERCEDES-BENZ GROUP AG | DE0007100000 , JINKOSOLAR ADR/4 DL-00002 | US47759T1007 , GLOBEX MINING ENTPRS INC. | CA3799005093 , NORDEX SE O.N. | DE000A0D6554

Table of contents:

    Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG
    "[...] China's dominance is one of the reasons why we are so heavily involved in the tungsten market. Here, around 85% of production is in Chinese hands. [...]" Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG

    Full interview


    Mercedes-Benz - Fewer models and top news on EQXX

    After the spin-off of Daimler Truck, the Mercedes-Benz Group is now focused on the passenger car division. However, under the influence of the Corona pandemic, a lot more has changed at the Stuttgart-based premium manufacturer. That is because, due to the ongoing chip shortage, the passenger car manufacturer will be focusing on high-margin vehicles in the future. That means the waiting times for the A/B classes will be pushed back further, while the C/E series and the luxury models, which are in particularly high demand, will be delivered more quickly.

    Given the experience the Group has now gained in the pandemic, the A and B series will likely no longer be offered in the future. However, the current series will still be brought to completion. The EU's decision to no longer allow conventional combustion engines on the road from 2035 also changes the long-term direction at Mercedes. Currently, however, business with the top Mercedes models is huge. Demand is unbroken and will likely remain high until the end of the combustion engine. The motto is: "Register the V8 quickly until the government's arbitrary regulations no longer allow it!

    Currently, however, the Group is already shining with its achievements in the e-mobility segment. The top model EQXX has exceeded the promised 1,000 kilometers in its tests. The Mercedes Vision EQXX drove an impressive 1,202 kilometers without having to stop at a charging station. The test drive took the crew from Stuttgart in Germany to Silverstone in the UK. With a loss of almost 12% in 12 months, the Mercedes share was unable to escape the overall market, but with a dividend yield of 8% and a P/E ratio of around 5, the stock is one of the top DAX stocks. Technically, there are good entry points between EUR 48 and EUR 55. Collect!

    Globex Mining - Great deals in a flourishing commodity environment

    The Canadian explorer Globex Mining pursues a well-diversified investment strategy. With over 200 projects, it has secured good jurisdictions and benefits from consistent royalty payments over time through many partnerships. Especially in the field of exploration, a broad diversification can significantly increase investment success, as the different commodities are often negatively correlated, thus keeping the overall portfolio volatility low.

    Globex has been in this business for a long time, but industry veteran CEO Jack Stoch is constantly and consistently developing his network. The Company's primary goal is not to build a mining operation that requires investment but to optimize and maintain its broadly diversified properties. In addition to its many holdings in gold, silver, copper, platinum and palladium, as well as base and speciality metals, the Company also has a well-filled treasury so that it can always increase its holdings or make new acquisitions if necessary. In recent years, the deal flow has always led to an increase in the value of the holding company.

    Globex has just announced the receipt of a CAD 3 million cash payment from Yamana Gold Inc. It is the second in a series of 5 payments to be received by Globex over a period of 5 years from the sale of the Francoeur, Arntfield, and Lac Fortune gold properties to Yamana. The total of CAD 15 million is in addition to a 2% gross metal fee. In addition, Globex also received CAD 50,000 from Electro Metals for the Magusi project and CAD 20,000 from Manganese X Energy Corp. as an initial advance payment of upcoming royalties.

    Globex is fortunate to own 200+ properties and licenses in Rouyn-Noranda and Toronto, has no debt to date and has about CAD 20 million in cash. In addition, it has interests in other companies. Unfortunately, Globex shares could not escape the recent downward trend of Explorer shares. With 55.46 million shares issued, the market capitalization at prices around CAD 1.03 is currently only about CAD 60 million. The intrinsic value should rather be twice as high!

    Nordex vs Jinko Solar - GreenTech shares perform differently

    Two well-known protagonists of the GreenTech sector are Nordex and JinkoSolar. In their strategic orientation, both benefit from the global climate protection movement. Governments around the globe are promoting environmentally friendly power generation to reduce greenhouse gases in the atmosphere. While the EU's climate change powers are becoming more transnational, the US Prime Court has recently pushed back on the power of the Environmental Protection Agency. It appears the US is reverting to the Trump era.

    However, Nordex is again making news in Germany with a major capital increase. A few weeks ago, there was a placement of EUR 139 million with the core investor Acciona. This time, up to EUR 212 million is to be raised by means of a capital increase with subscription rights of around 20%. The subscription price for the new shares has been set at EUR 5.90. The new shares are to be issued at a price of EUR 1.00 per share. According to the loyal major shareholder, Acciona will exercise the subscription rights for its current 39.66% share in the capital stock. Meanwhile, the US bank Citigroup lowered its price target for the share from EUR 10 to EUR 9. We had recently placed the share on the watch list, but the strengthening of cash makes perfect sense in the current environment. Technically, the share is only interesting again above EUR 11.

    JinkoSolar is currently doing quite differently, as it is rising steadily and defying the battered overall market. The recently announced expansion of renewable energies in the EU could be the decisive factor. JinkoSolar is one of the major solar module suppliers to Europe. At the same time, there is now a new share buyback program. Accordingly, the Company is to buy back ADS ordinary shares worth up to USD 200 million over the next 18 months. Not a huge sum, but a signal that the Company is believed to be undervalued. Investors followed the good news and used the technical breakout at around EUR 63 to enter the market. In no time, the value added another EUR 10 and is now just below the all-time high of 2021. Despite the imminent downturn, the solar business could continue to run. Remain invested with a tight stop at 64 EUR. The volatile share fluctuates partly by 5% per day.

    In times of high volatility, investors want stable values and crisis-proof stocks in their portfolio. Mercedes-Benz and JinkoSolar have these attributes; Nordex must first become profitable. Globex Mining shines with its sophisticated portfolio management and broad positioning in the commodities sector.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    André Will-Laudien

    Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

    About the author

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    Commented by André Will-Laudien on November 20th, 2023 | 07:10 CET

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