Seiko (8050 JP) & Citizen (7762 JP): The Yen Trade Reverses — Sell Seiko, Reduce Citizen
Seiko’s 148% rally priced in a ¥160 yen. With USDJPY at 153.7 and heading towards 148, earnings may hold — but 28x P/E should not. SELL, FV ¥6,400.
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Good Morning Japan |Beta BACK-Ahead of CPI; Citizen Watch LEADS=>Massive Buyback; Toyota EV Shift?
JGB at 2% next year ? So says Koll; Citizen Watch shakes things up with Massive Buyback. JGB at 2% next year ? So says Koll; Citizen Watch shakes...
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🇯🇵 JAPAN • IT’S A WRAP - Winter 2020 Results & Revisions Review
NET GAIN - Forecast Aggregate Net Income for the universe of Japanese listed companies ended the quarter 23.8% higher than three months ago - an...
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🇯🇵 JAPAN • Results & Revisions 14th August - Damn the Torpedoes
DAMP THE TORPEDOES - After four additional days of results and revisions announcements, our aggregate trailing and forecast profit data are mainly...
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🇯🇵 JAPAN - Stress Tests Part 3 - Inventory, Fixed Asset & Free Cash Flows
FROM OPERATING TO FINANCING CASH FLOWS - Having examined Operating Cash Flow in our previous Insight, we shall look into the 'stressors' between...
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