Calbee Weaving a Bear Case Into Its 2019 Guidance; Shares Offering an Attractive Upside
We walked away from narrow-moat Calbee’s result briefing with increased confidence that management is on the right track to fix overseas issues and build a foundation for long-term growth. However, guidance of flat profits for fiscal 2019 is disappointing. We believe that management has taken a cautious stance toward domestic profitability due to uncertainty caused by coming price hikes and a sales tax hike. Management intends to focus on brand building and new product development while enhanc...Calbee is mainly engaged in the manufacture and sale of snack confectionery, bakery product and cereal. Co.'s snack food includes potato-based snacks, such as potato chips under the names of "Potato Chips," "Jagarico," and "Jagabee;" flour-based snacks under the names of "Kappa Ebisen," "Sapporo Potato," "Sayaendo," and "Yaki Morokoshi;" and corn-based snacks under the names of "Mike Popcorn Butter Shoyu (butter and soy sauce) flavor," "Doritos," and "Cheetos." Co. provides cereal food under the name of "Fruit Granola" as well as bakery products such as pastries and sandwiches for retailer. In addition, Co. is also engaged in the logistics business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.