In today’s briefing:
- Screen Holdings (7735 JP): Positive Scenario Discounted
Screen Holdings (7735 JP): Positive Scenario Discounted
- The recent spike in the share price has discounted the positive scenario for sales and earnings, which is represented by management’s guidance for FY Mar-24.
- The negative scenario – weaker than expected foundry demand, tougher than expected restrictions on exports to China – implies a significant downward revision to that guidance.
- The share price is up 77.5% year-to-date and 36% since the end of April. That should be enough for now.
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