In today’s briefing:
- Travel and Tourism: Theme of the Year
- Japan Weekly | Z Holdings, Money Forward, Screen, Lasertec
- Life Insurance: Is This Correction Deep Enough to Add?
Travel and Tourism: Theme of the Year
- Travel and Tourism was one of the forefronts in the 2023-24 union budget speech.
- While majority of the sectors have seen revival, the travel and tourism sector is still in recovery mode that awaits extraordinary growth.
- Given the recent uptick in sectoral tailwinds and the conscious push by the government, travel and tourism looks set to be one of the ‘Theme of the year’.
Japan Weekly | Z Holdings, Money Forward, Screen, Lasertec
- Wage pressures continue to build in Japan. The country’s largest employer of part-time workers, AEON, is raising wages. Same goes for systems operator, TIS
- It has been a disappointing year for shareholders of Z Holdings – perhaps a management change and new round of restructuring will help
- Divergent fortunes for SPE names Screen and Lasertec. Suspect this has more to do with short term positioning. The fundamentals are broadly similar
Life Insurance: Is This Correction Deep Enough to Add?
- A primer to Life Insurance industry in India – industry size, breaking down key concepts, valuation.
- A relatively better consumption theme compared to other expensive names with strong fundamentals, underlying growth and valuations.
- However, it’s a late cycle play and while downside is protected, upside is capped as well.
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