Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Thematic (Sector/Industry)

Hikari Tsushin (9435) - we remain longer term buyers, it will continue to generate good profits growth and valuations are still not unreasonable. Mercari (4385) - a great domestic business, loads of buy notes but in our mind there are big issues with the US business and shares are almost priced to perfection.NSK (6471) - given the share price, and the cycle, the question is when to start to buy.

Hikari Tsushin (9435) - we remain longer term buyers, it will continue to generate good profits growth and valuations are still not unreasonable. Mercari (4385) - a great domestic business, loads of buy notes but in our mind there are big issues with the US business and shares are almost priced to perfection.NSK (6471) - given the share price, and the cycle, the question is when to start to buy. 

Japan Stock Weekly