In today’s briefing:
- Show Me The (Dividend) Money (Part II) – Play on Japanese High Dividend Yielding Stocks
- Ohayo Japan | Stock Surge
- Japan No Longer Cheap, at Fair Value Territory. Time to Be Selective!
Show Me The (Dividend) Money (Part II) – Play on Japanese High Dividend Yielding Stocks
- Given Japan’s meteoric share price surge in 2024, it is harder to find high yielding stocks
- The high-yielding blue chip stocks were extremely popular with retail investors, and the value is now on the lesser known small-cap stocks
- Our recommendations are Japan Tobacco (2914 JP) and Sankyo Co Ltd (6417 JP). For financial stocks, Tokai Tokyo Financial Holdin (8616 JP) .
Ohayo Japan | Stock Surge
- Stocks continued their upward trajectory on Thursday, extending gains from the previous session to reach new record highs.
- Micron Technology soared 14% on strong earnings, bolstering the semiconductor sector, while megacap tech stocks like Microsoft contributed to gains
- The U.S. has accused Apple (AAPL -4.09%) of monopolizing the smartphone market, potentially upending the tech giant’s business model
Japan No Longer Cheap, at Fair Value Territory. Time to Be Selective!
- Tokyo Stock Exchange (TSE) and Bank of Japan (BOJ) coordinated efforts are working: deflation is over, equity values surging, and cash ratio as percentage of household assets is declining
- Japanese investors’ participation in the equity run is modest, foreigners are buying more. While it seems unlikely at the moment, the pertinent question remains, “When will they stop dancing?”
- Valuations are on par with historical averages and at similar gaps against developed market peers. The easy money had been made, Japan should be moved to tactically NEUTRAL soon.
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