In today’s briefing:
- EQD | The Nikkei Will Pullback Within 1-3 Weeks
- Nihon Kohden (6849 JP): Apart from Apple Smartwatch Ban, Three More Reasons to Buy Shares
- Retail Media: A Major New Income Stream Even for Wholesalers
EQD | The Nikkei Will Pullback Within 1-3 Weeks
- The Nikkei 225 (NKY INDEX) is about to close up for the 3rd consecutive week (CC=+3), it’s towards the Q3 resistance level at 33984: it’s short-term overbought.
- There is a good chance that the index will pull back in the next 1-3 weeks, at the moment it looks like the rally has “stalled”.
- The pullback may be an opportunity to buy again, and ride a rebound to previous highs, we will discuss LONG levels in a separated insight.
Nihon Kohden (6849 JP): Apart from Apple Smartwatch Ban, Three More Reasons to Buy Shares
- On December 26, Nihon Kohden (6849 JP) shares jumped ~15% as the company was a beneficiary of the ban on Apple (AAPL US)’s latest smartwatch models.
- Nihon Kohden reported better-than-expected result in H1FY24. The company raised FY24 revenue forecast to ¥221.5B (+7% YoY) from ¥215.0B. The company has also raised FY24 operating and net profit guidance.
- Currently consensus expects 2% YoY revenue growth for the company in FY25. With strong demand for existing products and new launches, the expectation seems to be conservative.
Retail Media: A Major New Income Stream Even for Wholesalers
- Seven Eleven and Familymart have already sent panic through the offices of major advertising agencies by setting up their own retail media networks.
- Now, Mitsubishi Shokuhin will do the same, using its trading company connections and its existing ties to 10,000 clients at either end of the supply chain.
- To personalise ads, it is working with the data analysis of geolocation company Unerry.
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