In today’s briefing:
- Hitachi Transport Is the Eventy Energizer Bunny
- Hino – Some Uncertainty, Probably an Overreaction, But Still Not Worth Bottom Fishing
Hitachi Transport Is the Eventy Energizer Bunny
- Hitachi Transport System (9086 JP) has been “virtually” for sale since October 2019 but it did not pop when others did then. But SG and HTS “consciously uncoupled” in 2020.
- Mid-Year last year saw news HTS was entertaining offers, which didn’t go anywhere but newer news suggests Round 2 of a new course of bidding is done.
- And the stock keeps on going up and up and up.
Hino – Some Uncertainty, Probably an Overreaction, But Still Not Worth Bottom Fishing
- Hino announced during market hours that it was being probed for falsifying exhaust data prompting a 14.8% drop in the stock price.
- At its press conference the company revealed that up to 116k vehicles were affected and roughly 35% of domestic production would be halted.
- Some uncertainty remains and valuations after the fall are reasonable rather than exceedingly cheap so we would be hesitant to bottom fish here.
Before it’s here, it’s on Smartkarma
