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Morgan Stanley's 'Global Auto Monitor' Offers Top Global Picks


In a report published Friday, Morgan Stanley analyst Adam Jonas explained that globally, auto stocks were mostly higher in key markets except for Korea (-4.7 percent) and India (-1.4 percent).

Jonas also wrote that global original equipment manufacturers (OEM) have seen their share prices as a group rise 1.7 percent from a week ago and have returned 7.9 percent year to date. The analyst added that among the global OEMs, Korea is the cheapest with a 5.6x 2015E P/E ratio, while India is the most expensive at 17.1x.

On the other hand, Jonas wrote that global supplier share prices as a group were up only 1.4 percent last week and 6.2 percent year to date while global tire share prices as a group declined 0.2 percent last week but are still 11.5 percent higher than they were a year ago.

Top Global Picks

Jonas wrote that his industry views for Korea, Japan, and China are "attractive," Europe, India and Taiwan industry views are "in-line" and North American industry views is "cautious."

Jonas offered the following names as top global picks:

  • Fiat Chrysler Automobiles NV (NYSE: FCAU)
  • BMW
  • Honda Motor Co Ltd (NYSE: HMC)
  • Hyundai Motor
  • Changan
  • Maruti
  • Hotai Motor

Related Articles (HMC + FCAU)

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Posted-In: Adam Jonas auto stocks BMW Changan Hotai Motor Hyundai MotorAnalyst Color Analyst Ratings

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