最近几周，法国和德国都陷入了政治动荡，令投资者感到担忧。但Peche依然很淡定，他表示：“欧元可能会崩溃，也可能不会。不过我们持有的公司股价非常有吸引力。”There are still some companies in Europe that are "very attractively priced."
According to Zhitong Finance APP, Sean Peche, fund manager of Ranmore Fund Management, stated that the European market has lost favor, and Donald Trump's victory in the USA elections has diverted investors' attention. However, there are still some companies in Europe that are "very attractively priced."
Peche stated: "While Europe is in turmoil, Trump has thrilled investors. So everyone is scrambling to invest in the USA... However, chasing the latest and shiniest things is usually not a good way to make money."
In recent weeks, France and Germany have both faced political turmoil, causing concern among investors. But Peche remains calm, stating: "The euro may collapse, or it may not. However, the stock prices of the companies we hold are very attractively priced."
Stocks favored by Peche include BNP Paribas and ING Group. He noted that BNP Paribas's book value (or net assets) continues to grow, and ING Group's dividend yield of 10.2% is quite attractive.
In the context of the United Kingdom market, Peche mentioned that 'attractive' stocks such as Associated British Foods, which owns the retail giant Primark, have also been overlooked by investors.
He stated: "Primark's Operation is doing very well. It is an excellent diversified company with a great management team."
Peche stated: "The price of this company is very attractive, and the dividend is quite good. It is buying back Stocks, but since it is a mid-cap stock and listed in the United Kingdom, it is not very popular."
Peche is also Bullish on mid-cap companies across the Atlantic, such as the American toy giant Mattel (MAT.US).
With well-known brands like Barbie, this toy manufacturer has achieved diversification beyond its core products.
Peche stated that Mattel's management team "has turned around the Business, debt is now very manageable, and they have launched a $1 billion buyback plan."
Peche mentioned that the new Barbie animated series releasing in November and the second documentary series launched in September showcase Mattel's rise, providing this toy manufacturer, currently valued at approximately $6.2 billion, with "growth potential."
In October, Mattel and its competitor Hasbro (HAS.US) both lowered their year-end performance expectations due to a decline in toy sales in the third quarter. Mattel indicated that sales in the last three months of this year are expected to be "slightly lower" than previously anticipated.
