bullish•Shiseido Company•13 Feb 2023 17:53
Shiseido: Conservative Guidance Is Not a Cause for Concern as Shiseido Almost Always Overdelivers
A lot of optimism was baked in the medium-term plan, but 2023 OP guidance was ¥17.5bn below consensus. Nevertheless, we think that this shouldn’t...
bullish•Shiseido Company•06 Dec 2022 16:30
Shiseido: Outperforms With Relaxation Of China’s COVID Restrictions, Long Term We Are a Bit Cautious
The indication that China is prepared to scrap its strict Zero COVID policy has gotten Shiseido going again after an earnings beat in Q3 saw shares...
bearish•Shiseido Company•24 Nov 2022 15:44
Shiseido: International Cosmetics Brands Sent Packing by Chinese Rivals
The success of domestic brands in the low-cost cosmetics segment seems to be cascading into mid and high-price segments within the Chinese...
bearish•Shiseido Company•19 Oct 2022 22:53
Shiseido: China Exposure, Potential Earnings Misses and Write-Offs Create Additional Downside Risk
We think that there’s still considerable downside risk to Shiseido in the short term, especially with the company’s exposure to the worsening China...
bearish•Shiseido Company•13 Sep 2022 17:40