12 Best Asian Stocks to Buy According to Hedge Funds

Page 2 of 12

11. Toyota Motor Corporation (NYSE:TM)

Number of Hedge Fund Holders: 18

Toyota Motor Corporation (NYSE:TM) ranks among the best Asian stocks to buy. On August 18, Bernstein SocGen Group raised its price target for Toyota Motor Corporation (NYSE:TM) from JPY2,550 to JPY3,500, upgrading it from Market Perform to Outperform. The boost comes after Toyota Motor Corporation (NYSE:TM) announced a 20% return on equity (ROE) target, which Bernstein considers a major shift for the historically conservative automaker that doesn’t commonly disclose precise financial targets.

Given the continuous acceleration of hybrid electric vehicle (HEV) sales as a short-to-mid-term profit driver, Bernstein believes Toyota Motor Corporation (NYSE:TM) could meet this ROE objective before the company’s own timeframe.

The firm also cited Toyota’s projected JPY165 billion value chain profit gain in the current fiscal year as a reason for the company’s better financial results.

Toyota Motor Corporation (NYSE:TM), the world’s largest carmaker in terms of sales volume, designs, produces, assembles, and distributes passenger cars, minivans, commercial vehicles, and associated parts and accessories worldwide.

Page 2 of 12