In today’s briefing:
- Nanya Technology: Consensus Numbers Likely Too High, Net Loss Potential
- Japanese Companies Will Be Selected as One of Global Stocks for Individual Investors in near Future
Nanya Technology: Consensus Numbers Likely Too High, Net Loss Potential
- Micron’s recent results, where it showed a major margin slide and swung to a net loss, imply weak results ahead for Nanya Tech.
- We believe that Nanya’s FY2023E consensus figures are likely to be revised down.
- We see more downside risk ahead for Nanya Tech shares, and will await lower levels before buying based on deep-value.
Japanese Companies Will Be Selected as One of Global Stocks for Individual Investors in near Future
- The government’s policy to expand small investment tax exemption program is expected to lead to increase in stock investments. Individuals are keen to invest in stocks with higher performance potential.
- Trading in U.S. equities is prominent among under-40s generation. It is a rational investment for these generations with higher risk tolerance to invest in foreign equities with higher expected returns.
- Individuals no longer have a single choice of Japanese equities as they did during the bubble economy, but have begun to select their investment targets as one of global equities.
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