In today’s briefing:
- Shiseido: Around 59% Upside Possible on Upgrades to Consensus
Shiseido: Around 59% Upside Possible on Upgrades to Consensus
- At 4% below the COVID sell-off low level, Shiseido Company (4911 JP) is looking genuinely attractive over the medium-long term.
- In addition, there could be a shift in the short term market sentiment towards Japanese cosmetics with China’s COVID lockdowns expected to ease from the beginning of next month.
- With the downside risk limited to less than 10%, we think it may be a good time to start owning Shiseido.
Before it’s here, it’s on Smartkarma
