The thesis for the company is that it is trading very cheaply. Also, Tianneng Power is in the right industry, manufacturing the right products, for the right geographical segment. It is a high-growth company with solid historical fundamentals. The company has strong government backing for its business, given the Chinese government’s goal of becoming environmentally-friendly.
Performance: +6.2%
Hong Kong-listed Tianneng Power International was the other gainer in our portfolio for the four-month period, with a 6.2% gain. A leader in the Chinese new energy battery industry, the company is a large high-tech energy group focusing on the manufacturing and provision of services of environmentally-friendly products, particularly batteries for electric vehicles.
