Rakuten: Good COVID-19 Play; Possibility of Further Upside
Rakuten Inc (4755 JP)’s 1Q FY12/20 financial results upholds its position as a COVID-19 beneficiary. Hence, we expect the current rally in...
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Global Equity Strategy: Stay Defensive With Technology, Health Care, Staples
Upside momentum continues to wane for global equities. Price action this week has indeed confirmed lower highs for now in the MSCI ACWI, ACWI...
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Rakuten: Q1 20 Results – Pandemic Play but Mobile Losses Are a Concern
There are two numbers from Rakuten’s report that stand out for us. The first is a 58% increase in domestic shopping eCommerce platform sales in...
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Softbank Corp: Guidance for Stability and A (Very Modest) Dividend Boost
Softbank Corp (9434 JP) FY19 financial results were mixed with a modest beat for revenue and operating income offset by a miss for net income. In...
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Z Holdings: 4Q Results Fail to Impress Despite a Favourable E-Commerce Landscape
The market reacted positively to Z Holdings (4689 JP)’ 4Q FY03/20 results. Z’s share price has increased by c.5% since the results were released...
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