Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

SC Capital has over 20 years' experience covering the global automotive industry both on the Sell Side (UBS & Morgan Stanley) and Buy Side (Och-Ziff), along with a wealth of industry contacts. 

Current focus is on electric vehicle stocks & their supply chains. Aim is to identify the winners and losers from a long/short perspective. This includes close coverage of legacy automakers as well.  

From time to time. we cover opportunistic events with stocks in the manufacturing sector, food & beverage, healthcare and tech, where we also have coverage experience.

Global Automotive Stocks/EV Focus/Event Driven

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

Equity Bottom-Up

<p>Honda announced considerably bearish FY17 guidance, which calls for operating profit (OP) to drop by 16% YoY to Y705bn, which is 17% below consensus estimates of Y845bn. Honda's EPS estimates of Y294 is 14% below consensus estimates of Y342. On the surface, this looks quite bearish, but if adjusted for one-offs and using the current Y/$ rate (Y111/$) rather than Honda's Y105/$ assumption, real OP growth is actually +11% YoY to Y839bn. This could actually be above consensus estimates as the…</p>

Honda announced considerably bearish FY17 guidance, which calls for operating profit (OP) to drop by 16% YoY to Y705bn, which is 17% below consensus estimates of Y845bn. Honda's EPS estimates of Y294 is 14% below consensus estimates of Y342. On the surface, this looks quite bearish, but if adjusted for one-offs and using the current Y/$ rate (Y111/$) rather than Honda's Y105/$ assumption, real OP growth is actually +11% YoY to Y839bn. This could actually be above consensus estimates as the…

Honda's Bearish FY17 Guidance Not Actually that Bad

Honda Motor

Honda's Bearish FY17 Guidance Not Actually that Bad