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.
ISUZU MOTORS (JP), a company active in the Commercial Vehicles & Trucks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date March 4, 2022, the closing price was JPY 1,523.00 and its potential wa...
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....
Value Remains Leadership But Defensives Improving Our outlook remains unchanged as the weight of the evidence continues to suggest a mixed, but overall constructive market. Cyclical value Sectors continue to be our favorite areas to overweight (i.e., Energy, Materials, Manufacturing, and Transportation), while defensive Sectors also continue to be worth a look (i.e., Staples, Health Care, and Real Estate). Support Levels Holding, Market Dynamics Largely Positive. Broad global indexes (MSCI AC...
Julie Boote has written her 2020 look ahead for Japan's auto assemblers. Intended to serve as a reference document throughout the year, the report discusses the global auto sales trends in 2019 and the outlook for 2020, with separate discussions on USA, Japan, Europe, China and RoW, providing an overview of assemblers' sales activities and their economic backdrop.
Japan Market Comment by Julie Boote, Joel Scheiman and Thao Nguyen Nikkei ¥21,181.64 (-¥542.83 / -2.50%); Topix ¥1,708.34 (-¥31.86 / -1.83%); ¥/$105.85 Tags: Nippon Steel & Sumitomo Metal Corp (5401 JP), JFE Holdings (5411 JP), Kobe Steel (5406 JP), Nisshin Steel (5413 JP), Yamato Kogyo (5444 JP), Olympus (7733 JP), Hoya (7741 JP), Chugai Pharma (4519 JP), Tokai Carbon (5301 JP), Sumco (3436 JP), Isuzu Motors (7202 JP), Toyota (7203 JP), Honda (7267 JP), Subaru (7270 JP), Nissan (7201 JP),...
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...
Isuzu (7202) – Slowdown in Japan, Growth in Asia Isuzu is facing headwinds and tailwinds both on the sales side and the profit side. We believe that markets have already factored in the recovery in Asia, so that there is little room for upside surprises. Other positives are likely to be offset by negatives. These offsets are: While sales in Thailand and Indonesia are improving, Japan is likely to deteriorate in FY17 H2, with Isuzu set to lose out on absolute and relative levels; Higher tha...
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...
Isuzu’s FY16 Q1 results were depressed by declining overseas commercial vehicle (CV) sales, forex losses, and higher SG&A. Net sales dropped 8.6% YoY to ¥432.5bil and OP fell 25.3% YoY to ¥36.8bil. On the sales side the two worst performing regions were the Middle East/Africa and China; both for CVs and for pick-up trucks (light commercial vehicles, LVCs). In the Middle East/Africa region the sales drop for LCVs came as no surprise. Private consumption and demand from small businesses is being n...
After years of weak light commercial vehicle (LCV) sales in Thailand, Isuzu’s performance is improving thanks to better general market conditions and on the successful introduction of its updated top selling model, the D-Max. In Japan, sales growth is picking up on the back of solid demand from construction (Olympics related projects, reconstruction, government spending on infrastructure) and logistics. Isuzu’s overseas commercial vehicle (CV) sales should be bottoming out in FY16 (after last ye...
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