In today’s briefing:
- Record Tesla Q4 Deliveries Boost Q4 Revenue & Profit Estimates
- Japan’s Boycott of Winter Olympics Could Be the Tipping Point
- Sony – PSVR2 On the Horizon
- Very Large Keiyo (8168 JP) Buyback NOT Necessarily Bullish
- FTSE UK Index Series: Leaderboard for End-December 2021
- Thailand – Another Asian Break
- Adastria to Expand Beyond Fashion with Zetton Acquisition
- Kura Sushi (2695): Significant Sales Growth Due to “Demon Slayer” Effect
Record Tesla Q4 Deliveries Boost Q4 Revenue & Profit Estimates
- Tesla’s Q4 deliveries trounced market estimates thanks to a strong yearend push.
- The outlook for revenue and profit just got higher. A lot higher.
- Also true, Tesla’s easy comps may be coming to an end.
Japan’s Boycott of Winter Olympics Could Be the Tipping Point
- Considering the geopolitical relationship over the last 100 years, it doesn’t take much for Chinese people to start developing an anti-Japan sentiment.
- The relationship between the two countries was already reaching nervy levels, before Tokyo’s decision to snub the 2022 Winter Olympics.
- We think the Japanese government’s decision to not send a government delegation to the Winter Olympics could be all that is needed to spark an anti-Japan sentiment among Chinese consumers.
Sony – PSVR2 On the Horizon
- Sony announced details for the PlayStation VR2 today confirming many rumoured specifications.
- In addition, it announced that a title from its key Horizon franchise would be coming to VR.
- This points to a commitment from Sony to support AAA VR titles and should allow it to once again dominate VR.
Very Large Keiyo (8168 JP) Buyback NOT Necessarily Bullish
- Keiyo announced a large (9.2% of shares out) ToSTNeT-3 buyback for tomorrow morning at JPY 855/share.
- Normally this would be an occasion for looking at the significant accretion.
- This time there are possible offsets which are less encouraging.
FTSE UK Index Series: Leaderboard for End-December 2021
- The FTSE UK Index Series is a widely tracked family of sub-indices representing the performance of the public equity market in the UK.
- These indices are reviewed on a quarterly basis in March, June, September, and December.
- In this insight, we take a look at the potential constituency changes that can happen in the March 2022 Rebalance for the FTSE 100 and FTSE 250 Indices.
Thailand – Another Asian Break
- Numerous New Year developments suggest markets are heading towards a world where the worst of the Covid might be behind us and a better growth trajectory awaits
- Yields have moved higher, airlines & transport have performed well, Oil is up, and some Asian markets have started to rebound or breakout – Australia, Vietnam & India as examples
- This brings Thailand in focus as one of the major tourist destinations. The charts below show the breakouts and potential trends at work
Adastria to Expand Beyond Fashion with Zetton Acquisition
- For a decade Adastria Co Ltd (2685 JP) was the fastest growing fashion retailer but, as it matured and the apparel market stagnated, growth rates declined.
- The company now wants to become a diversified lifestyle retailer with food as a major element so, to speed things along, it will acquire restaurant business Zetton Inc (3057 JP).
- It is also investing in overseas retailers to spearhead expansion abroad, a strategy that will include Zetton’s leading chain, Aloha Table.
Kura Sushi (2695): Significant Sales Growth Due to “Demon Slayer” Effect
- December SSS: Powerful “Demon Slayer” effect continues. Same-store sales were 117.5% vs. December 2020
- The number of stores at the end of December was as follows: 501 stores in Japan (+3 MoM); 35 stores in the U.S. (+2 MoM); and 42 stores in Taiwan (+/-0 MoM)
- The company plans to run the “BT21 campaign” in January and February. BT21 is a globally popular character brand
Before it’s here, it’s on Smartkarma
