Saudi Arabia's Acwa Nears First Deal in $5 Billion Turkey Push
Saudi Arabia's ACWA Power Co. will build two large-scale solar plants in Turkey under a deal expected within days, the first concrete step in its plan to invest billions of dollars in the country's energy sector.
Acwa and Turkish officials are finalizing a contract for two 1-gigawatt plants in the Karaman and Sivas provinces, Turkish Energy Minister Alparslan Bayraktar said in an interview on Tuesday. The two sides are also in talks over an additional 3 gigawatts of renewables capacity, he said.
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Yahoo
21 minutes ago
- Yahoo
'People Should Not Diversify Their Investments' -- Cardone On The ETFs and Mutual Funds
Real estate investor Grant Cardone has never been afraid of prioritizing a single asset class. He's always been skeptical of stocks and recently warmed up to Bitcoin, but real estate has remained his primary asset outside of growing businesses. He recently threw cold water on a popular piece of investing advice that has served people well over the years. "People should not diversify their investments," he stated while criticizing ETFs and mutual funds. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. Cardone's thoughts on portfolio diversification contract the mainstream advice of diversifying your portfolio and not putting all of your eggs in one basket. However, there is merit behind Cardone's suggestion that can be valuable for investors. Cardone does not diversify his portfolio across a wide range of sectors. For instance, he doesn't pour his money into oil stocks, bank stocks, consumer staples stocks, or any other stocks. He has made almost all of his money with real estate, but he has a well-diversified portfolio if you narrow it down to real estate. He isn't betting all of his wealth on a single apartment complex. Instead, he has thousands of apartment units spread across several states that make up a multi-billion dollar portfolio. You don't have to buy real estate to apply this knowledge. For instance, the S&P 500 gives you broad, diversified exposure to 500 of the largest and most profitable publicly traded corporations. However, if you know a lot about artificial intelligence and believe it can outperform the broad market, it may be more beneficial to buy an ETF that only contains AI stocks. Thematic ETFs can push you away from broad market ETFs. It's possible to limit your stock investments to two sectors that you know very well and outperform the stock market. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. If you ask Cardone, he will tell you to buy real estate for the significant tax advantages. However, if you are a stock investor and want to apply the same concept of not diversifying, you can look deeper into ETFs and see their holdings. Every ETF displays its holdings and how the funds are allocated. You can see which stocks make up the lion's share of an ETF's portfolio and which picks aren't doing much to move the fund. An investor can review this information to gauge which stocks outperform the ETF, and every ETF is guaranteed to contain stocks that outperform its benchmark returns. For instance, if you look at an ETF that holds AI stocks, you can dig deeper and discern which AI stocks are delivering most of the returns. Many broad market benchmarks like the S&P 500 and Nasdaq Composite lean heavily on the Magnificent Seven stocks. There's also a recurring trend of tech ETFs outperforming the S&P 500. For instance, the iShares Semiconductor ETF (NASDAQ:SOXX) has rallied by roughly 170% over the past five years, while the S&P 500 has barely doubled during the same stretch. The gap between their gains only expands as you look further in the past. Occasionally researching new investment opportunities can help you discover promising stock picks before others notice. You can also use this approach with Cardone's preferred asset, real estate, and look at deals in your area. Some real estate investors may have to look for deals outside of their zip code to get the highest returns. Cardone hasn't isolated himself to a single city or state and opts to buy multifamily properties in different states. It's good to avoid rushing into an asset, especially one that requires as much time and capital as real estate. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article 'People Should Not Diversify Their Investments' -- Cardone On The ETFs and Mutual Funds originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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
Yahoo
41 minutes ago
- Yahoo
Undiscovered Gems in Asia with Strong Potential for June 2025
As global markets experience a rally with key indices like the S&P 500 and Nasdaq Composite hitting all-time highs, the Asian market is also seeing positive momentum, particularly in response to easing trade tensions and supportive monetary policies. In this dynamic environment, identifying stocks with solid fundamentals and growth potential can be crucial for investors looking to capitalize on opportunities in Asia's evolving landscape. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Bonny Worldwide 34.20% 17.05% 40.91% ★★★★★★ Taisun Enterprise 0.15% 6.44% 13.50% ★★★★★★ Luyin Investment GroupLtd 40.20% 6.14% 18.68% ★★★★★★ Zhejiang Haisen Pharmaceutical NA 4.06% 9.83% ★★★★★★ Shangri-La Hotel NA 23.33% 39.56% ★★★★★★ Shandong Sacred Sun Power SourcesLtd 19.09% 13.32% 42.32% ★★★★★★ Kondotec 13.45% 7.00% 9.12% ★★★★★☆ Pizu Group Holdings 41.45% -2.37% -15.01% ★★★★☆☆ Ningbo Henghe Precision IndustryLtd 66.02% 5.50% 23.91% ★★★★☆☆ Yuan Cheng CableLtd 88.11% 9.84% 42.67% ★★★★☆☆ Click here to see the full list of 2618 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★★★ Overview: Iljin Electric Co., Ltd specializes in the production of power transmission and distribution equipment, with a market capitalization of ₩1.79 trillion. Operations: Iljin Electric generates revenue primarily from its Wire and Power System segments, with the Wire segment contributing ₩1.42 trillion and the Power System segment adding ₩403.54 billion. Iljin Electric, a nimble player in the electrical sector, has shown impressive financial dynamics. Its earnings surged by 56% last year, outpacing the industry average of 15%. This growth is backed by high-quality earnings and a robust EBIT that covers interest payments 21 times over. The company's debt situation has improved significantly with its debt-to-equity ratio dropping from 89% to just 25% over five years. Trading at nearly 28% below its estimated fair value, Iljin seems undervalued given these metrics. Future prospects appear promising with forecasted annual earnings growth of about 26%. Get an in-depth perspective on Iljin ElectricLtd's performance by reading our health report here. Examine Iljin ElectricLtd's past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★★☆☆ Overview: Jiangyin Electrical Alloy Co., Ltd specializes in the research, development, production, and sale of copper and copper alloy products both domestically and internationally, with a market cap of CN¥6 billion. Operations: Jiangyin Electrical Alloy Co., Ltd generates revenue primarily from the sale of copper and copper alloy products. The company's financial performance is highlighted by a net profit margin trend, which provides insight into its profitability. Jiangyin Electrical Alloy, a nimble player in the electrical industry, has shown impressive earnings growth of 10.5% over the past year, outpacing its industry peers who saw a -1.2%. Its net debt to equity ratio stands at 16.2%, considered satisfactory and indicating prudent financial management despite an increase from 24.4% to 37.4% over five years. The company's interest payments are well covered by EBIT at 17.6x coverage, showcasing strong operational efficiency and high-quality earnings amidst recent volatility in share price movements over three months. Dive into the specifics of Jiangyin Electrical AlloyLtd here with our thorough health report. Evaluate Jiangyin Electrical AlloyLtd's historical performance by accessing our past performance report. Simply Wall St Value Rating: ★★★★★★ Overview: Shandong Yuma Sun-shading Technology Corp., Ltd. focuses on the research, development, production, and sale of functional shading materials both in China and internationally, with a market cap of approximately CN¥4.43 billion. Operations: Shandong Yuma generates revenue primarily from the research, development, production, and sales of functional shading materials, amounting to approximately CN¥761.67 million. Shandong Yuma Sun-shading Technology, a nimble player in its industry, boasts high-quality earnings with no debt on its books. Over the past year, earnings grew by 2.6%, outpacing the broader Consumer Durables sector's -2.5% performance. The company's price-to-earnings ratio of 24.8x is notably lower than the CN market average of 38.9x, suggesting potential value for investors seeking under-the-radar opportunities. Despite recent volatility in share price and a dip in first-quarter net income to CNY 30.19 million from CNY 36.62 million last year, Shandong Yuma continues to distribute dividends at CNY 1 per ten shares for 2024. Navigate through the intricacies of Shandong Yuma Sun-shading Technology with our comprehensive health report here. Assess Shandong Yuma Sun-shading Technology's past performance with our detailed historical performance reports. Investigate our full lineup of 2618 Asian Undiscovered Gems With Strong Fundamentals right here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A103590 SZSE:300697 and SZSE:300993. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
Bloomberg
an hour ago
- Bloomberg
China Fund Beats 97% of Peers by Buying Pop Mart, Dumping Moutai
A 30-year old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favored names like Pop Mart International Group, betting that new-age shopping trends can help his fund overcome the country's economic sluggishness. Xie Tianyuan's Penghua Selected Return Flexible Allocation Mixed Fund has returned 24% this year, ranking in the top 3% among roughly 2,300 peers, data from fund tracker East Money Information Co. show. That's a turnaround from its recent past when holdings in traditional sectors like alcoholic beverages and farming dragged performance. A gauge for Chinese stocks listed in Hong Kong has risen 20% this year.
