TopPicks from Stan Wong, portfolio manager, Scotia Wealth Management
Stan Wong, portfolio manager at Scotia Wealth Management, discusses his top picks: Alphabet, ASML Holding N.V., and Starbucks.With nearly US$250 billion in expected fiscal 2023 revenues, Alphabet, the parent company of Google, is the world’s undisputed powerhouse in search and digital advertising. The Android operating system serves as the world’s most widely used smartphone operating system, with over 70 per cent market share.
With a dominant market position and a commitment to technological advancement, ASML empowers the creation of smaller, more potent chips. Major semiconductor manufacturers, including Intel, Samsung, and Taiwan Semiconductor, rely on ASML's products. Approximately 90 per cent of the company’s revenue is derived from the Asian market. Looking ahead, we continue to anticipate robust revenue expansion, earnings growth, and return on invested capital from ASML. The shares trade at a compelling 1.
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