TEL’s FY guidance was raised from ¥550bn to ¥570bn but could still prove about ¥20bn too light. While results and guidance were strong we have concerns on valuation and on demand sustainability.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.