In today’s briefing:
- Rohm (6963 JP): Buy into the Tech Sell-Off
- Daifuku – Not a Big Enough Beat to Arrest the Correction
Rohm (6963 JP): Buy into the Tech Sell-Off
- Sales, profits and profit margins continued to rise in 3Q, led by IC and discrete semiconductor sales for automotive and industrial applications.
- FY Mar-22 guidance looks conservative, but management left it unchanged out of a sense of caution.
- Having dropped 21% since November, the share price should now recover based on the fundamentals.
Daifuku – Not a Big Enough Beat to Arrest the Correction
- Daifuku 3QFY21 results were mostly in-line with revenue beating by 1.4% while OP beat by 0.7%.
- ¥174.1bn in orders were positive however and the company revised up FY order guidance from ¥565bn to ¥575bn.
- Nevertheless, multiples are correcting from extremely elevated levels suggesting even growth next year may not be enough to support the stock here.
Related tickers: ROHM Co Ltd (6963.T), Daifuku Co Ltd (6383.T)
Before it’s here, it’s on Smartkarma
