Optorun (6235) Unique Business in Fast Growing Part of Tech Space. BUY

Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<p>The market’s reaction to Optorun’s first half results was overly negative. The shares fell from Y4,000 to Y2,500. They have since recovered to Y3,100. We would buy here. There has been no slowdown and the outlook remains bright. The company’s 12/18 operating forecast of Y8.1bn is far too cautious. We retain our estimate of Y11.5bn.</p>

The market’s reaction to Optorun’s first half results was overly negative. The shares fell from Y4,000 to Y2,500. They have since recovered to Y3,100. We would buy here. There has been no slowdown and the outlook remains bright. The company’s 12/18 operating forecast of Y8.1bn is far too cautious. We retain our estimate of Y11.5bn.

Optorun (6235) Changing Technology Will Lead to Continued Growth. BUY

Optorun Co Ltd

Optorun (6235) Changing Technology Will Lead to Continued Growth. BUY