- The Nikkei 225 index saw a slight increase of 0.1%, reaching 39,564.06.
- The Topix Index remained mostly unchanged at 2,782.86, with 406 stocks rising and 1,231 falling.
- NEC was the top performer on the Nikkei, with a 20% increase following an improved profit forecast.
- The tech sector received support, driven by optimism over earnings for companies like Tokyo Electron, Keyence, and Lasertec.
- This optimism followed strong performance results from ASML, a Dutch chip equipment manufacturer.
- Oriental Land’s shares fell by 6.6% due to disappointing quarterly visitor numbers, impacting tech gains on the Topix.
- Hino Motors saw a significant drop of 12% as it widened its full-year loss forecast, making it the worst performer on the Nikkei.
- The general market sentiment was mixed, with investors focusing on individual company earnings.
- A stronger yen against the dollar created challenges for exporters, affecting market sentiment.
- Significant advancers included NEC (+16%), Chugai (+5.2%), and Hitachi (+4.6%).
- Decliners on the market featured Oriental Land (-5.5%), Terumo (-3.3%), and Sumitomo Realty (-2.3%).
- The MSCI AC Asia Pacific Index decreased by 0.2%.
- Over the last year, the Topix Index rose by 8.9%, compared to an 11% rise in the MSCI AC Asia Pacific Index.
- Topix Index members are trading at 14.9 times their estimated earnings for the next 12 months.
A look at Hitachi Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Hitachi Ltd, a global company known for its wide range of products from nuclear power systems to consumer electronics, has been assessed using the Smartkarma Smart Scores. The scores for Hitachi Ltd indicate a moderate outlook in terms of value and dividends, with a slightly better outlook for growth, resilience, and momentum. This suggests that while the company may not currently be among the top performers in terms of value and dividends, it shows promising signs of growth and resilience.
Overall, Hitachi Ltd‘s Smart Scores paint a picture of a company that is positioned for potential growth and has demonstrated momentum in its operations. With a product line that spans across various industries, including communications, electronics, machinery, and consumer goods, Hitachi Ltd appears to have a diversified business model that may contribute to its resilience in the face of economic challenges. Investors looking for a company with growth potential and momentum may find Hitachi Ltd to be a promising prospect based on the Smartkarma Smart Scores analysis.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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