Fast Retailing

Fast Retailing: Q1 Beat Seems Temporary but Concerns About China Could Last Long

Equity Bottom-Up
159 Views, 17 Jan 2022 16:21
Oshadhi has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • Fast Retailing (9983 JP)’s share price is up 10% after beating 1QFY22 consensus revenue and OP by 1.4% and 20.6% respectively.
  • However, the share price move feels unwarranted given that the beat was driven by mostly one-off/temporary factors in the company’s less significant segments
  • We think this is an opportunity to short Fast Retailing as Uniqlo seems to be slowing rapidly in the Chinese market.
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Oshadhi Kumarasiri
Equity Analyst
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's... 

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