In today’s briefing:
- Kokusai Electric (6525 JP): The Current Playbook
- Rotation Continues; Bullish Outlook Intact; Buys in Global Financials, Industrials, Discretionary
- EQD | Where/When Will the Nikkei Index Reach a Bottom And Bounce?
- In Addition to Efforts by Individual Companies Values Endorsing Gender Inequality Must Be Removed
Kokusai Electric (6525 JP): The Current Playbook
- Since the US$2.0 billion secondary placement announcement, Kokusai Electric (6525 JP)’s shares are down 5.6% from the undisturbed price of JPY5,520 per share (8 July).
- Looking at recent large Japanese placements is instructive to understand the potential trading pattern. So far, Kokusai’s shares have followed the pattern of previous large placements.
- The offering will likely be priced on 22 July. Investors who have participated in previous large Japanese placements tend to secure positive returns.
Rotation Continues; Bullish Outlook Intact; Buys in Global Financials, Industrials, Discretionary
- Our bullish outlook (since early-November 2023) remains intact. Continue to ride this trend higher and buy dips as long as ACWI-US and EEM-US remain above supports at $110 and $41-$42.
- In our previous Int’l Compass (June 27) we discussed the rotation that we believed was starting, whereby global Technology (IXN-US) would consolidate as investors rotate to laggard areas.
- This rotation has continued while Technology goes through a healthy consolidation. Continue to focus on other more value-oriented Sectors while Technology/growth consolidates
EQD | Where/When Will the Nikkei Index Reach a Bottom And Bounce?
- The Nikkei 225 INDEX pulled back last week, and it may continue to fall for another 1-2 weeks.
- Make sure you read the Market Reversal Matrix – Charts Analysis section below: we are introducing a possibile new Premium Service using our trend prediction models in algorithmic trading format.
- The price support area to buy the Nikkei 225 would be between 39800 and 39300, this coming week (or the next).
In Addition to Efforts by Individual Companies Values Endorsing Gender Inequality Must Be Removed
- High ratio of female non-regular workers and low ratio of women in management positions are factors behind the gender wage gap. Government expects to correct the gap in individual companies.
- Companies should improve making it easier for employees returning jobs after temporary leave for childcare/childbirth, and treating them in the same position they were before leaving after temporary leave.
- In order for women to have access to higher education and for women to work without leaving the workforce temporarily, the values that endorse gender inequality must be removed.
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