Hoya Corp

Hoya – Getting Towards Genuinely Bullish Levels of Cheapness

Equity Bottom-Up
445 Views, 06 May 2022 21:24
EXECUTIVE SUMMARY
  • Hoya’s 4Q beat slightly with revenue beating consensus by 2.2% and PBT beating by 7.0%. 
  • Those beats were better than peers such as Advantest and Lasertec and qualitative guidance suggests that YoY growth is likely driven by the Lifecare segment in particular. 
  • That contrasts with our negative outlook for peer momentum and we expect Hoya’s recent underperformance to reverse in short order.
detail (3-minute read)
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Mio Kato
Japan/Asia Long-Short
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets

Over 15 years analysing Japanese and Asian stocks from a long/short perspective I focus on cyclically driven sectors su... 

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