Global Equity Strategy: Overweight Cyclicals
Our positive outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains intact and we believe a “buy the dip” strategy is warranted. We...
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6954 🇯🇵 Fanuc • Timing the Cycle
FANUC (6954 JP)'s FY2019 results were released on 25th April, and the detail and the downside risk has been well-covered by Lightstream's Mio...
605 Views
Fanuc: Profitability Deterioration and Share Price Rebound Open Up Significant Downside
Fanuc Corp (6954 JP) reported earnings today with results of ¥163bn OP beating consensus of ¥157bn. For the second year in a row guidance was...
573 Views
Smartkarma’s Week That Was in JP/KR: Semiconductor Warnings, Exit of Chairman Cho, & 청년수당
In the past week, there were earnings warnings from three major players in the global semiconductor sector, including Samsung Electronics (005930...
719 Views
Cracking the Keyence Conundrum
Keyence Corp (6861 JP) has long been a standout within the Japanese machinery sector for its exceptional margins, with only Fanuc Corp (6954...
761 Views