Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<p>This has been one of the more spectacular long term performers in the Japanese market. We believe it will continue to be so. Some will trade it on monthly orders, but the plain truth of the matter is that despite some inevitable volatility in monthly numbers, this is just noise. There remains significant scope to continue to grow the business, just as it has been doing over recent years.</p><p>Although, the population in Japan will contract gradually over the next decade or so, there are 18.5m rental…</p>

This has been one of the more spectacular long term performers in the Japanese market. We believe it will continue to be so. Some will trade it on monthly orders, but the plain truth of the matter is that despite some inevitable volatility in monthly numbers, this is just noise. There remains significant scope to continue to grow the business, just as it has been doing over recent years.Although, the population in Japan will contract gradually over the next decade or so, there are 18.5m rental…

Daito Trust (1878), Still a Long Term Bet !

Daito Trust Construct

Daito Trust (1878), Still a Long Term Bet !