Tags: Hino Motors (7205 JT), Toyota Motor (7203 JT), Nissan Motor (7201 JT), Honda Motor (7267 JT), Volkswagen (VOW GR), Cummins Inc. (CMI US), Isuzu Motors (7202 JT), Daimler Truck (DTG GR) News that Hino Motors settled its emission fraud case with US authorities should finally put an end to an affair that has dragged down Hino for almost three years. Investor focus can now return to the truck maker’s operational performance. While a sales recovery in Japan is already under way, Asia is still ...
As the earning season has concluded, investors are taking stock about the auto sector’s FY24 Q2 results and updated guidance numbers. Analyst Julie Boote reviews the key developments in the industry, and how these could affect automakers’ earnings in the second half of the fiscal year.
With details of the provisions given, Hino has riased its full-year FY24 sales and OP guidance, mainly due to a better-than-expected performance in Japan / Toyota sales and lower than previously predicted fixed costs. However, Julie Boote cautions that while the trend is improving, it is unlikely that Hino will be in a position to pay out any dividends this year or next.
When the BoJ raised rates in March, it had been 17 years since it had last done so, though the world was very different then. While the July rate hike was unlikely to move the economic needle, the question now is what else might follow the subsequent financial market maelstrom. Pelham Smithers discusses the outlook for Japan’s macro environment, what new fiscal policies the new PM might introduce, how the BoJ might react and the all-important trend in corporate earnings. This then leads us to...
As the emission data manipulation case is dragging into its fourth year, Hino’s earnings outlook for FY24 remains weak. Sales restrictions in Japan and poor market conditions in Asia are limiting Hino’s sales growth, and high costs are weighing on profitability. But is there an upside? Analyst Julie Boote investigates.
Whereas hydrogen fuel cell systems have not had a break-through in the passenger car market, the situation for the commercial vehicle market looks very different: For heavy-duty trucks in particular, FCVs are superior to BEVs when it comes to charging times, payload and driving range. In this report, analyst Julie Boote assesses the outlook for hydrogen fuel cell trucks and explains how the main global participants are positioned.
Hino’s emission falsification scandal has wiped off over a third of the truck maker’s market capitalisation within one week. Analyst Julie Boote is investigating the background of the events and the potential repercussions Hino is facing.
The independent financial analyst theScreener just lowered the general evaluation of HINO MOTORS (JP), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date March 8, 2022, the ...
At the beginning of 2022, automakers anticipated an easing of the supply constraints, with production volumes expected to rise in FY22. However, the Ukrainian / Russian war is threatening to lead to a further disruption of the supply chain. Analyst Julie Boote investigates which raw materials and parts could see further bottlenecks , and how this could affect the Japanese OEMs.
The auto industry has spent the last few years on redefining their powertrain strategies, as electrification has become the key focus of automakers and investors. However, these changes are nothing compared to the upcoming disruption from the emergence of the software-defined car. As the car’s digitalization expands from driving functions and infotainment to connectivity and autonomous drive, the software requirements are increasing exponentially. Against this backdrop, automakers’ decision on ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
PSA Today Jan 8: Japan Market Comment by Pelham Smithers, Julie Boote and Joel Scheiman Nikkei ¥21,890.86 (+¥245.49 / +1.13%); Topix ¥1,765.69 (+¥15.78 / +0.90%); ¥/$109.69Tags: Sony (6758 JP), Tomy (7867 JP), iStyle (3660 JP), Kitanotatsujin (2930 JP), SMC (6273 JP), Bandai Namco (7832 JP), Nintendo (7974 JP), Capcom (9697 JP), Nikon (7731 JP), Canon (7751 JP), Sony (6758 JP), SoftBank (9984 JP), Swiss Re (SREN SW), Ping An Insurance (2318 HK), Berkshire Hathaway (BRK/A US), Isuzu (7202 JP), Hi...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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