Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Equity Bottom-Up

<ul>
<li>Strong Q1 results have pushed up the share price offering a good entry point for Shorts</li>
<li>We think that full year guidance remains a risk given input costs and ability to push through higher prices</li>
<li>Given the risks, persistently low margins and returns to equity, we remain bearish</li>
</ul>


Strong Q1 results have pushed up the share price offering a good entry point for Shorts
We think that full year guidance remains a risk given input costs and ability to push through higher prices
Given the risks, persistently low margins and returns to equity, we remain bearish


Yamazaki Baking (2212) | Price Hikes to Test Consumer Appetite