Antipodes

Theses · 22

• Hyundai Motor

  March 2026

  Hyundai Motor is an automaker with growing AI, robotics, and hydrogen optionality that could support long-term value creation.

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• Walt Disney

  March 2026

  Walt Disney is a diversified media and entertainment company with strong streaming and Experiences growth, plus valuation upside.

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• NVIDIA

  March 2026

  NVIDIA is the dominant AI infrastructure provider with a strong installed base, diversified demand, and attractive long-term growth potential.

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• China Resources Beer

  March 2026

  China Resources Beer is a dominant beer producer with premiumisation, margin expansion, and shareholder returns supporting the investment case.

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• Infineon

  March 2026

  Infineon is a leading power semiconductor company with global automotive leadership and growing exposure to AI data centre demand.

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• Alibaba Group

  March 2026

  Alibaba Group is a platform and cloud company investing heavily in AI with accelerating cloud growth and attractive long-term momentum.

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• Tencent Holdings

  March 2026

  Tencent Holdings is a leading platform company investing in AI infrastructure with long-term monetisation potential.

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• Globant

  March 2026

  Globant is an IT services company repositioning toward AI-native delivery and higher-margin subscription offerings.

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• CATL

  March 2026

  CATL is a global battery leader with strengthening competitive position, structural electrification tailwinds, and long-term growth.

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• HD Hyundai Marine Solution

  March 2026

  HD Hyundai Marine Solution is a high-margin, asset-light maritime services business with recurring demand and retrofit growth.

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• Woodside Energy

  March 2026

  Woodside Energy is an LNG and oil producer with a major production step-change, contracted volumes and strong free cash flow potential.

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• Hyundai Motor Company

  December 2025

  Hyundai Motor is expanding hybrids and EVs, benefiting from reduced tariff risk and optimized production while gaining share in North America.

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• ASE Technology Holding Co., Ltd.Dec 2025
• Kokusai Electric CorporationDec 2025
• PT Mayora Indah TbkDec 2025
• Globant S.A.Dec 2025
• Companhia de Saneamento Básico do Estado de São Paulo - SABESPDec 2025
• AlibabaSep 2025
• Barrick Gold CorporationSep 2025
• Contemporary Amperex TechnologySep 2025
• Globus MedicalSep 2025
• Shin-Etsu Chemical CompanySep 2025

Letter archive · 10

Funds · 6

• Antipodes Emerging Markets Fund3
• Antipodes Global Fund2
• Antipodes Global Value Fund2
• Antipodes1
• Antipodes Global Value Active ETF1
• Antipodes Partners1