POAHF News and Press, Porsche Automobile Pfd From 05/22/23

2023-05-22 12:01:48 ET Summary It was a positive quarter for Volkswagen AG and P911. No additional negative news on Porsche SE pending litigations. 2023 outlook was confirmed as well as its DPS. Therefore, our buy rating is reiterated. After having analyzed both Volk...

2023-05-15 08:00:00 ET Summary China is the most important car market, about as big as the US and Europe combined. It is an essential market for several brands. EVs have a 25% market share of new Chinese sales, and, except Tesla, Western manufacturers play almost no role here. ...

2023-05-14 07:00:00 ET Summary No IPOs began trading or submitted initial filings this past week, as the sole scheduled deal, Strong Global Entertainment, was delayed to the week ahead. Vietnamese EV maker, VinFast, announced plans to merge with SPAC Black Spade Acquisition. T...

2023-05-10 06:24:08 ET Summary Global electric car sales for March 2023 were up 28% YoY to 16% share. China sales up 23% YoY to 34% share. Europe up 29% YoY to 23% share. EV market news - EPA proposes auto pollution limits to aggressively boost EV sales. IEA says "nearly one in fi...

2023-04-21 18:03:34 ET Summary Porsche AG has increased deliveries in Q1 2023 by 18% YoY, after the already record year 2022. While shares are not cheap, it looks like Porsche can keep growing both sales and profit. The stock is a Buy for long-term investors, especially in any...

2023-04-08 05:29:00 ET Summary Global electric car sales Feb. 2023 were up 49% YoY to 14% share. China sales up 56% YoY to 33% share. Europe up 14% YoY to 20% share. EV market news - EV demand sentiment was weighed on by some automakers in China heavily discounting ICE vehicles in...

2023-03-30 12:36:38 ET Summary Volkswagen Group is separated into an Automotive and a Financial Services division. Financial Services are highly profitable and responsible for one quarter of the operating profit. Profit margins are higher than for the mass market automotive br...

2023-03-24 11:40:35 ET Summary Porsche SE recently invested in ABB E-mobility Holding AG to further accelerate the EV revolution. The dividend was confirmed. Porsche SE's special dividend was used to finance P911 second tranche acquisition. This was already incorporated in our...

2023-03-06 06:14:29 ET Summary The net asset value discount between Porsche Holding and its holdings in Volkswagen Group and Porsche AG is 17.2bn euros, almost the same as the market cap of Porsche Holding. More important is that the actual cash flows from Volkswagen and Porsche a...

2023-03-04 06:31:40 ET Summary Global electric car sales Jan. 2023 were up 10% YoY to 11% share. China sales down 8% YoY to 26% share. Europe up 3% YoY to 17% share. EV market news - Rho Motion forecasts over 14 million global BEV and PHEV sales in 2023. No more fossil-powered tax...