This provides a much-needed boost to the sector, which had lagged on worries about firms’ slow response to developing electric vehicles, and gives an added tonic to the market amid concerns the advantages of a weaker yen are waning.Īnalysts at Nomura Securities Co. The Detroit walkout of course helps carmakers elsewhere, including those from South Korea and Germany, but the scope for outperformance of Japanese firms is greater because they have a third of US market share. “Taking into account stronger pricing and the current cost outlook, Japanese auto manufacturers continue to look attractive to us.” “Japanese auto firms are in a good place to benefit” from any protracted strikes in the US that cause supply disruptions, said Oliver Lee, a portfolio manager at Eastspring Investments Singapore Ltd. Stay tuned with breaking news on HT Channel on Facebook.
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