Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Daifuku (6383) | Attractive Valuation Drivers Despite near Term Risks

Equity Bottom-Up

<ul>
<li>Daifuku released FY3/24 results on 10 May. Since then the share price has declined by 15%, giving investors an attractive entry point.</li>
<li>Daifuku is a key beneficiary of warehouse automation, which is forecast to grow at a CAGR of over 6%, with industry spend projected to reach $37 billion by 2030</li>
<li>We expect the market to price in an order recovery in the core electronics segment and believe that the MTP is yet to be factored into the current share price.</li>
</ul>


Daifuku released FY3/24 results on 10 May. Since then the share price has declined by 15%, giving investors an attractive entry point.
Daifuku is a key beneficiary of warehouse automation, which is forecast to grow at a CAGR of over 6%, with industry spend projected to reach $37 billion by 2030
We expect the market to price in an order recovery in the core electronics segment and believe that the MTP is yet to be factored into the current share price.


Daifuku (6383) | Time to Pick up Global Leader

Daifuku Co Ltd

Daifuku (6383) | Time to Pick up Global Leader