In today’s briefing:
- Oriental Land: A Potential Beat Next Quarter, but Unrealistic Consensus for Long-Term
- NVC International
Oriental Land: A Potential Beat Next Quarter, but Unrealistic Consensus for Long-Term
- There is a possibility that Oriental Land (4661 JP)‘s revenue and OP in 1QFY24 could surpass the consensus estimates by 8% and 21%, respectively.
- However, the outlook for the next three quarters may be different, as consensus appears inflated with annual OP expectations of ¥154.5bn compared to the company’s guidance of ¥122bn.
- We find medium term consensus expectations unrealistic, leading to potential downside for Oriental Land. We expect FY+2 EV/OP to decline from 46x to 20-30x.
NVC International
- Since my last order filled today, here is my write-up on a special situation in Hong Kong.
- Stock is NVC International holdings (NVC ticker HKG:2222) .
- A Hong Kong nano cap stock. And it is quite illiquid, so beware. I first learned of it through a Tweet from Writser .
💡 Before it’s here, it’s on Smartkarma
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