Magna international is a Canadian auto parts company with contracts that span over the whole auto sector. Car demand is now weak in whole sector but EV production is ramping up fast.
Magna designed and manufactured Sony’s electric car concept which was presented in CES 2020.
Looks far more than regular concept. Will they make this? We don’t know yet but for now it only showcases Sony’s car tech.
Magna is now fairly valued respect to earnings expectations
If forecasted growth is matched, investors could enjoy 20% yearly gains in returns.
I don’t own Magna or have plans to buy it for now but valuation looks attractive.
Keep on investing!