In today’s briefing:
- Hamamatsu Photonics (6965 JP): Choose an Entry Point Carefully
Hamamatsu Photonics (6965 JP): Choose an Entry Point Carefully
- Every so often, sudden shocks reduce Hamamatsu Photonics’ usually high valuations. This is one of those times.
- Valuations are starting to look attractive compared with their 5-year ranges. But not compared with their 10-year ranges.
- Strong 1Q results support FY Sep-22 guidance. Management’s 3-year sales and profit forecast would be reasonable in a normal operating environment. But the environment is not normal.
Before it’s here, it’s on Smartkarma
