In today’s briefing:
- New Year New NISA Accounts – It’s BIG, But Not so Big
- Fast Retailing: Earnings Preview
New Year New NISA Accounts – It’s BIG, But Not so Big
- The Kishida administration put out a Doubling Asset-Based Income Plan in 2022. The goal? To get cash savings (corporate/individual) into growth assets and increase asset-based return contribution to income.
- The goal included doubling the number of NISA accounts, and the amount invested in the next five years. On 1 January 2024, NEW NISA account contribution totals were trebled.
- If accounts double, and contribution totals treble, and exemptions are now permanent, investment doubling is a quasi-certainty. The question is how it turns into income-producing assets. That’s MUCH tougher.
Fast Retailing: Earnings Preview
- While domestic revenues may have slowed, Uniqlo’s domestic OP shows upside potential driven by gross margin growth and a gradual reduction in SG&A costs.
- Meanwhile, we expect Uniqlo’s International business OP to surpass ¥75bn, driven by a rebound in China demand and strong momentum in South Korea, SE Asia & Ocenia.
- Thus, we see the upcoming earnings as a compelling opportunity for trading Fast Retailing (9983 JP).
💡 Before it’s here, it’s on Smartkarma
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