Hello my dears,

the love @yngfinn has asked me how I find shares. I would like to share my answer with you.

@yngfinn

Hello my dear,

as I have enough positions in my portfolio at the moment, I am no longer looking so intensively for new companies. I don't trade and am more long-term oriented.

My approach is quite different.

By sector:

I often look at which sectors and areas are currently on the move. Or what the areas of the future are, such as robotics, defense and aerospace, AI, etc.

But I also look at which sectors and countries in my portfolio are undervalued.

Or also in which sectors I see a need to catch up because they have been driven down unjustifiably. Like the healthcare sector, for example 🍊.

I watch reports and documentaries. Like exploring the oceans and seas. And discovering Kraken Robotic $PNG (-1,17%) and Norbit $NORBT (+2%) .

https://getqu.in/Ey45a0/

After Powel's speech on Friday, for example, it would now make sense to look for real estate and homebuilders. Like Buffet did with his stock Dr. Horten $DHI (+0,3%) .

Unfortunately, the ongoing wars show the importance of drones and drone defense.

But also the increasing importance in agriculture (I have already written a post about this).

https://getqu.in/SdXvMm/

In the end, my choice here was $AVAV (-3,74%) AeroVironment. And the contract manufacturer $KIT (+2,25%) Kitron.

In the future-oriented robotics sector, I don't really want to invest in overvalued stocks such as $TSLA (-3,51%) Tesla or the contract manufacturer $JBL (-3,31%) Jabil. I see Japan as very innovative here. As shown by $7012 (-4,94%) Kawasaki shows. This is how I discovered the blade supplier $6481 (-0,85%) THK (there was a post from me about this).

https://getqu.in/fZudqX/

By country:

When Iran attacked Israel, I took advantage of the dip and picked Israeli stocks.

For example, I discovered Gilat $GILT for example.

But as a long-term investor, I still see the USA in the lead. I also like to take a look at small and mid caps.

But I also often look at countries that are not quite so much in focus. Scandinavia or Italy.

I have found $LTMC Lottomatica and $CAMX (-1,8%) Camurus.

I often only look at the companies by momentum from the various indices in these countries.

By company:

I also often look at which companies are currently the stars on the stock market. Like Rheinmetall, for example, but then I don't go into the overvalued shares, but look for suppliers, i.e. blade suppliers. That's how I came across Kitron $KIT (+2,25%) for example. Kitron as a contract manufacturer for the defense sector.

Or when Novo Nordisk was still a star, I discovered the Novo supplier $YPSN (+0,12%) discovered.

Nvidia supplier $HY9H (-0,31%) sk Hynix.

Where is the capex of the companies going?

Based on this question, I came across the AI infrastructure companies $IESC (-3,39%) IES Holding and $VRT (-4,91%) Vertiv.

The weakness of one company makes other companies strong.

The weakness of Boeing makes $AIR (+0,11%) and $ERJ (-0,41%) strong. That's how I came across Embraer and $MTX (+0,13%) MTU.

https://getqu.in/4hiSbt/

Research and reports, such as on coinbase $COIN (-1,42%) (CAUTION never buy based on a story).

https://getqu.in/OIiwhP/

Good company figures with a growth story could also be a reason. As for example with $GILD (-0,13%) Gilead.

https://getqu.in/iF8BDY/

Takeover fantasies:

Takeover rumors usually mean that the share price of the company to be taken over rises.

As was the case with $AWE (+1,43%) Alphawave was the case.

https://getqu.in/1NPNWI/

Or with Iveco $IVG (-0,03%)

https://getqu.in/WJnLFp/

https://getqu.in/VnK4Xk/

CAUTION: Something can always go wrong here and send the share price plummeting.

I experienced this myself with i robot when the UK did not agree to a takeover by Amazon.

No matter in which area. My approach is usually to pick out the momentum stocks. I then look at the multiples, news, order situation and, of course, the company.

Compounders and long-term runners:

In my core, I only invest in quality stocks with a moat.

Here it makes sense not to buy at the ATH, but on the dip.

Multiples:

What is important to me with multiples:

-profitable company, or in the next year

Profitable.

Preferably double-digit profit growth with a falling P/E ratio.

-Percentage profit growth is higher than sales growth.

-good and rising EbiT margin.

-PEG below or around 1

-increasing free cash flow taking into account capex.

My dears,

I hope my brief summary of my approach perhaps offers you a little added value.

Please let me know in the comments.

Suggestions for improvement are also welcome. 😘😘

Due to the high demand, here are a few pictures and first experiences from the broker.

Call money in different currencies. Choose which currency you trust the most.

Trade €/$/P on different stock exchanges.

Pies. What are pies? Create your own ETF with up to 50 shares. Enter your own weighting, should the dividends be paid out or reinvested directly? If you want, you can also carry out automatic rebalancing.

Pay with the card worldwide at the best exchange rate

Step by step, 24/5 trading is also being introduced for us shares. Which is particularly interesting during the reporting season.

And last but not least, a community. Put your pie online and let others copy it or copy a pie from others yourself.

I hope I was able to give you a little insight into 212 trading. I only joined on Wednesday and am still working my way through it.

In my opinion, taxes should be paid by the broker. Users who have been using the broker for a while can probably tell you more about this.

Cfd trading is also possible.

The registration from downloading to the first purchase takes about 10-15 minutes.

Reached €10,000 after 6 months of active investing in the stock market at the age of 19. 💪🏻🥳

Höegh Autoliners $HAUTO (-0,35%) also reported a solid financial performance in the second quarter of 2025.

Q2 and half-year highlights:

 Operating profit (EBITDA) of USD 166 million and net profit after tax of USD 123 million.

 Dividend for Q2 2025 of USD 137 million (USD 0.7181 per share) was declared and will be paid out in September (ExDay 01.09.25 / PayDay 09.09.25).

 Volume increases by 11% compared to Q1.

 Contract share of 81%, compared to 73% in 2024.

 Dividend for Q1 2025 in the amount of USD 158 million was paid in May 2025.

 The fifth Aurora-class vessel, Höegh Sunrise, was delivered from the shipyard in May and the sixth vessel, Höegh Moonlight, was delivered in June.

Further events:

 Höegh Beijing sold for USD 43 million and will be delivered in Q3. The ship is debt-free.

 Signing of a three-year contract with an international automobile manufacturer, contract value

worth over USD 100 million.

Andreas Enger, CEO of Höegh Autoliners, comments:

"We are pleased to report another strong quarter despite ongoing global uncertainties and geopolitical tensions. Our results reflect our strategy to go 'long on cargo' at the end of 2024, which has enabled us to steadily increase volumes and grow our contract share from 73% in 2024 to 81% this year. We continue to see a resilient market and fleet utilization remains high, albeit with increasing trade imbalances. We

remain committed to our sustainability goals and have announced a collaboration with Nordic Circles with the aim of recycling a vessel in 2026."

Outlook:

 The tariffs may lead to lower transport volumes over time.

 The new US port charges will be effective from October 14. The impact on annual gross costs will be ~ USD 30 million. The company is working with its customers to mitigate the impact.

Wir expect Q3 to be in line with H1 2025.

The hype is all about humanoid robots, but the constant winners are in the background.

I have divided the analysis into two perspectives. 1. the complete value chain of humanoid robots, which shows all the players from the chip to the finished robot, and 2. the blade manufacturers in the background, who always earn money as enablers, regardless of which manufacturer wins the race.

ASML, Applied Materials and Tokyo Electron dominate in manufacturing technology. Quality assurance comes from Keysight, Advantest and Teradyne. Chip design is supported by Synopsys, Cadence and ARM. Data streams are secured by Arista Networks, Cisco and Equinix. The computing basis is created in the cloud by Amazon, Microsoft and Alphabet. Albemarle, Lynas and Umicore play a central role in raw materials and battery materials. These companies monetize their customers' investment waves, have high barriers to entry, service revenues and pricing power, but remain cyclical with risks from export rules, capex cuts and currency movements.

🌐 Value chain of humanoid robots Sector overview

1. research & chip design (IP / EDA)

$ARM (-2,71%)
ARM Holdings (ARM, UK/USA) - CPU architectures

$SNPS (-1,47%)
Synopsys (SNPS, USA) - Chip design software

$CDNS (-0,35%)
Cadence Design Systems (CDNS, USA) - EDA & Simulation

2. manufacturing technology & equipment

$ASML (-2,81%)
ASML (ASML, NL) - EUV lithography, key monopoly

$AMAT (-2,74%)
Applied Materials (AMAT, USA) - Process equipment

$8035 (-3,37%)
Tokyo Electron (8035.T, JP) - Wafer equipment

$KEYS (-1,76%)
Keysight Technologies (KEYS, USA) - Test & RF measurement technology

$6857 (-3,11%)
Advantest (6857.T, JP) - Semiconductor test systems

$TER (+0,12%)
Teradyne (TER, USA) - Test systems + robotics (Universal Robots)

3. chip production (Foundries)

$TSM (-3,24%)
TSMC (TSM, TW) - Largest contract manufacturer

$005930
Samsung Electronics (005930.KQ, KR) - Memory + Foundry

$GFS (-0,35%)
GlobalFoundries (GFS, USA) - Specialized production

4. computing & control unit ("brain")

$NVDA (-3,22%)
Nvidia (NVDA, USA) - GPUs, AI accelerators

$INTC (-1,97%)
Intel (INTC, USA) - CPUs, FPGAs

$AMD (-3,44%)
AMD (AMD, USA) - CPUs/GPUs

$MRVL (-11,09%)
Marvell Technology (MRVL, USA) - Network/data center chips

5. sensors ("senses")

$6758 (-2,69%)
Sony (6758.T, JP) - CMOS image sensors

$6861 (-3,41%)
Keyence (6861.T, JP) - Vision systems, sensors

$STM (-2,12%)
STMicroelectronics (STM, CH/FR) - MEMS sensors

6. actuators & power electronics ("muscles")

$IFX (-3,81%)
Infineon (IFX, DE) - Power semiconductors, SiC

$ON (-2,71%)
N Semiconductor (ON, USA) - SiC/Power Chips

$STM (-2,12%)
STMicroelectronics (STM, CH/FR) - Motor control & power

$TXN (-1,35%)
Texas Instruments (TXN, USA) - Motor control, power ICs

$ADI (-0,88%)
Analog Devices (ADI, USA) - Energy & BMS chips

7. communication & networking ("nerves")

$QCOM (+0,38%)
Qualcomm (QCOM, USA) - 5G/SoCs

$AVGO (-3,47%)
Broadcom (AVGO, USA) - Network & radio chips

$SWKS (-0,22%)
Skyworks Solutions (SWKS, USA) - RF components

8. energy supply

$300750
CATL (300750.SZ, CN) - Batteries

$6752 (-1,73%)
Panasonic (6752.T, JP) - Batteries for automotive/robotics

$373220
LG Energy Solution (373220.KQ, KR) - Batteries

9. cloud & infrastructure

$AMZN (-1,14%)
Amazon (AMZN, USA) - AWS

$MSFT (-0,64%)
Microsoft (MSFT, USA) - Azure

$GOOG (+0,54%)
Alphabet (GOOGL, USA) - Google Cloud

$EQIX (+0,16%)
Equinix (EQIX, USA) - Data center operator

$ANET (+0,07%)
Arista Networks (ANET, USA) - Network infrastructure

$CSCO (-0,45%)
Cisco Systems (CSCO, USA) - Edge & Data Center Networks

10. software & data platforms

$PLTR (-0,78%)
Palantir (PLTR, USA) - Data integration, decision software

$DDOG (-2,87%)
Datadog (DDOG, USA) - Cloud monitoring / observability

$SNOW (-1,03%)
Snowflake (SNOW, USA) - Cloud-native data platform

$ORCL (-5,71%)
Oracle (ORCL, USA) - Databases, ERP

$SAP (-1,68%)
SAP (SAP, DE) - ERP/cloud systems

$PATH (-1,55%)
UiPath (PATH, USA) - Automation software (RPA)

$AI (-2,36%)
C3.ai (AI, USA) - Enterprise AI platform

11. end applications / robots

$ABB
ABB (ABB, CH) - Industrial robots

$6954 (-3,73%)
Fanuc (6954.T, JP) - Industrial robots, CNC

$TSLA (-3,51%)
Tesla (TSLA, USA) - Optimus" humanoid robot

$9618 (+1,97%)
JD.com (JD, CN) - E-commerce & automated logistics

🛠️ Shovel manufacturer for humanoid robots

🔹 Hardtech (physical "shovels")

These companies provide the material basis: manufacturing machines, raw materials, semiconductor base.

Semiconductor Equipment & Manufacturing

$ASML (-2,81%)
ASML (ASML, NL) - EUV lithography (monopoly).

$AMAT (-2,74%)
Applied Materials (AMAT, USA) - Wafer equipment.

$8035 (-3,37%)
Tokyo Electron (8035.T, JP) - Process equipment.

Test systems (hardware-side)

$6857 (-3,11%)
Advantest (6857.T, JP) - Semiconductor test.

$TER (+0,12%)
Teradyne (TER, USA) - Test systems + industrial robots.

Materials & raw materials

$ALB (-0,32%)
Albemarle (ALB, USA) - Lithium (batteries).

$LYC (-7,56%)
Lynas Rare Earths (LYC.AX, AUS) - Rare earths for magnets.

$UMICY (-0,62%)
Umicore (UMI.BR, BE) - Cathode materials, recycling.

🔹 Soft/infra (digital "shovels")

These companies supply the infrastructure & toolswithout which development, training and operation would be impossible.

Design Software & IP

$SNPS (-1,47%)
Synopsys (SNPS, USA) - EDA software.

$CDNS (-0,35%)
Cadence Design Systems (CDNS, USA) - Chip design & simulation.

$ARM (-2,71%)
ARM Holdings (ARM, UK/USA) - CPU architectures (license model).

Test & Measurement (software/signal level)

$KEYS (-1,76%)
Keysight Technologies (KEYS, USA) - Electronics & RF test systems.

Network & data center backbone

$ANET (+0,07%)
Arista Networks (ANET, USA) - High-speed networks.

$CSCO (-0,45%)
Cisco Systems (CSCO, USA) - Data center/edge networks.

$EQIX (+0,16%)
Equinix (EQIX, USA) - Data centers (colocation).

Cloud infrastructure

$AMZN (-1,14%)
Amazon (AMZN, USA) - AWS (cloud, AI training).

$MSFT (-0,64%)
Microsoft (MSFT, USA) - Azure.

$GOOG (+0,54%)
Alphabet (GOOGL, USA) - Google Cloud.

Takeaway: Investing in the infrastructure stack allows you to participate in the robotics trend regardless of the subsequent product winner and reduces the individual product risk, but you have to live with cycles. In your opinion, which stage of the chain offers the best risk/return combination and fits into a disciplined portfolio?

Source: Own analysis based on publicly available company information and IR materials of the companies mentioned.

Image material: Techa Tungateja/iStockphoto