Japanese Cosmetics: Trading Around Q3 Earnings
The latest rally in Japanese cosmetics, driven by improving domestic market conditions has strangely avoided two of the big names in the market,...
367 Views
Kirin: Holdco Trade Has More Room to Run, Also Outright Attractive
Almost 12 months down the line, our Holdco trade involving Kirin has given us a return of around 33.3% against Topix’s 3.8% and Nikkei’s 2.6%...
467 Views
Premier Anti-Aging Company: Getting to an Interesting Level
Premier Anti-Aging’s current multiple is around 27% below the sector’s cyclical low multiple suggesting that there could be significant upside...
484 Views
Pola Orbis: Our Preferred Choice Leading up The Reopening of Japan to Foreign Tourists
Based on valuation and the price performance trend, long time underperformer Pola Orbis seems like the best option to capitalise on the reopening...
433 Views
Crackdown on Live-Streaming E-Commerce Could Derail The Recovery of Japanese Cosmetics
Valuation multiples of Japanese cosmetics makers more than doubled during the last 6-7 years alongside the growth driven by the China expansion and...
459 Views