In today’s briefing:
- Nidec (6594 JP): Buy into Current Decline
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
Nidec (6594 JP): Buy into Current Decline
- If further restructuring can be avoided, profitability should return to an acceptable level while sales growth continues.
- The decline of EV prices has probably run its course and global demand for factory automation continues to rise despite weakness in China.
- Projected valuations are at a 10-year low. Investor attention can now shift to economic and operating risks.