In today’s briefing:
- Rohm (6963 JP): Short-Term Caution, Long-Term Buy
- NTT (9432) Pullback Target to Buy for Rise to 4,250
- About an Article on Strengthening ESG Fund Monitoring
Rohm (6963 JP): Short-Term Caution, Long-Term Buy
- FY Mar-22 sales and profits were well ahead of guidance. Management is forecasting further growth this year, but mostly in 1H.
- Margins are under pressure from rising production costs and depreciation, but cash flow and the balance sheet are strong.
- Gearing to vehicle electrification and should provide protection on the downside and support long-term growth.
NTT (9432) Pullback Target to Buy for Rise to 4,250
- NTT’s rising channel will dominate trade with the topside to induce a rally stall on the back of RSI non confirmation of new price highs amid waning buy volumes.
- RSI triangulation and bear divergence (non confirmation of new price highs) implies a deeper pullback to trendline. Priced in the bulk of good news for now.
- May buy volumes have slows as the rise matures. Us the top of the noted range to reduce and buy a pullback near trendline support.
About an Article on Strengthening ESG Fund Monitoring
- I would like to discuss the Nikkei article, “FSA surveyed 37 asset management companies offering ESG-related investment trusts and found that 40% of them have no ESG professionals.”
- If it’s impossible to have a ESG professional, and if a fund called ESG fund is set up because of revenue needs, then perhaps the fees need to be reviewed.
- As for ESG wash, since ESG is scheduled to be included in annual securities reports from FY2023, ESG wash of the issuing company is expected to become an issue.
Before it’s here, it’s on Smartkarma
