In today’s briefing:
- Japan Weekly | BOJ, Makita, Advantest
- Samsung. When Your Cash Cow Turns Into Your Achilles Heel.
Japan Weekly | BOJ, Makita, Advantest
- Japanese stocks rose to multi-month high in April, following US tech gains and BoJ’s unchanged policy
- Interest rates and bond yields declined, while yen weakened and inflation rose more than expected
- Retail sales and industrial output increased, while unemployment rate reached highest level in over a year
Samsung. When Your Cash Cow Turns Into Your Achilles Heel.
- Q1’23 operating profits of 0.64 trillion won, the lowest since Q1’09
- Strong sales of flagship S23 smartphones helped avert an otherwise inevitable overall group operating loss.
- Outlook for the current quarter is for more of the same, albeit the bottom line will depend on the extent (if any) of memory inventory write-downs.
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