Toyota: 3 Ways to Forecast JPY2,750bn OP Despite US Margins (Temporarily) Trailing Peers
Toyota Motor (7203 JP) consensus OP estimates are up 16% since May after the company generated strong results in both 4QFY18 and 1QFY19, yet the...
369 Views
Subaru: Margin Erosion Progressing Faster than We Expected, 1Q Sales Drop Surprisingly Large
While there is some anticipation over the full model change for the Forester which is expected to launch in the US around Oct, the overall momentum...
327 Views
SMSM, SRIL, and WOOD: The Beneficiaries of Weakening IDR
IDR historyThere were two weak business practices of Indonesian companies that made them very susceptible for IDR weakening against USD prior...
305 Views
July 2018 US Automotive Sales: Profitability Becomes a Distant Dream
US SAAR for July 2018 came in at 16.77 million being flat to July 2017 compared to 17.47 million for May 2018Overall Industry incentives went up...
257 Views
Japan Fortnightly Update: Banks to Neutral/Utilities to Negative - Results Momentum Still Slowing
CYCLICAL SECTORS RALLY WITH THE MARKET - Japanese equities have rallied 3.6% over the last two weeks, and the market composite is now flat since...
383 Views