+ Watch WATG
on My Watchlist
Wonder Auto Technology engages in the design, development, manufacture, and sale of automotive electrical parts in China.
This is a brief outline of how and why I selected WATG to outperform:(1) WATG appears maintained a floor at $7 since May and has otherwise clearly oscillated in the $7 to $9 range, maintaing an equilibrium about $8. (2) WATG almost reached $16 a year ago and was above $12 last May. (3) WATG broke out of its $9 ceiling in September. (4) WATG's has a relatively low P/E ratio at about 11.(5) WATG's revenue is growing at a rate of about 40% and income is growing at about 23%.(6) WATG is part of the nascent Chinese automotive industry, which is expect to grow significantly with the Chinese middle class's demand for cars that is already the largest market in the world.(7) WATG has expanded its automative parts portfolio significantly with the recent acquisition of a leading Chinese airbag and seatbelt maker. (8) Some 11% of WATG's sales occur outside of China and they are growing at about 17% per year.In short, the Chinese automotive industry appears to be a very good place to invest. WATG's is available well under $9, while it can be expect to approach $10 with months.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions