Shinko Electric Industries

Shinko Electric (6967 JP): Reality Check - Risk on the Downside

Equity Bottom-Up
309 Views, 11 May 2022 18:59
EXECUTIVE SUMMARY
  • Shinko may look attractively valued, but it is highly geared to a slowdown in demand. Rising materials costs and depreciation accentuate downside gearing.
  • Management is guiding for another year of strong sales growth, but may be ignoring the possibility of a decline in remote-work and other COVID-related demand.
  • Rolling over, but still up 6.7x since March 2020. Not worth the risk in the current environment.
detail (4-minute read)
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Scott Foster
Independent Insight Provider, Japanese equities
LightStream Research
JapanInformation TechnologyEquity Bottom-UpThematic (Sector/Industry)

Securities analyst covering electronics, precision equipment & robotics, engineering, construction, transport and other ... 

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