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

Nissan: Is the Alliance Ghosn With the Wind?

Nissan Motor--Risks to the Alliance if Ghosn Returns to Renault as Chairman

Nissan/Renault:  French Fireworks Ahead?

Nissan Motor (7201)--Is the Worst Factored In?

Renault/Nissan - More Noise, Less Certainty, More Path Risk

Nissan FY3/19 Guidance Below Consensus; Big Target Misses Very Likely This Year

Nissan Motor--Expect Weak FY3/19 Guidance Today & A Possible End to Chasing Market Share

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

Bottom-up Japan Equities Research

Equity Bottom-Up

<p>Nissan reported Q1FY3/19 OP of Y109bn which was only -2% below consensus estimates of Y111bn, but pre-tax profit (PTP) of Y160bn was +6% higher than consensus estimates of Y151bn. The PTP number is more important due to Nissan's strong sales in China, where it has an equity-method affiliate that generated roughly 40% of Q1 net profit. Management stated on the conference call that, despite the worse than expected headwinds from forex and raw material costs, all else was pretty much in line with…</p>

Nissan reported Q1FY3/19 OP of Y109bn which was only -2% below consensus estimates of Y111bn, but pre-tax profit (PTP) of Y160bn was +6% higher than consensus estimates of Y151bn. The PTP number is more important due to Nissan's strong sales in China, where it has an equity-method affiliate that generated roughly 40% of Q1 net profit. Management stated on the conference call that, despite the worse than expected headwinds from forex and raw material costs, all else was pretty much in line with…

Nissan Motor--Quick Impressions Post-Q1 Conference Call: Lots of Questions Remain