'One of the greatest ways to invest in Asia': Fund manager names 6 under-the-radar stocks to buy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 04 2024
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Source: CNBC
- Bullish on Japanese Market: Portfolio manager Richard Kaye is optimistic about the Japanese market, highlighting the investment opportunities it offers due to companies with major suppliers to China and strong governance visibility.
- Japanese Equities Performance: The Nikkei 225, Japan's benchmark index, closed at a record high of 40,913.65, showing a gain of nearly 22.4% year-to-date, outperforming the U.S.' S&P 500.
- Stocks to Watch: Kaye recommends investing in companies like Fanuc Corp, Keyence Corp (automation), Shimadzu Corp, Sysmex Corp (medical electronics), Fast Retailing (Uniqlo), and Oriental Land (Tokyo Disney Resort) listed on the Tokyo Stock Exchange.
- Trade Relations Impact: Japanese companies benefit from close trade relations with the U.S. and China, serving as essential suppliers for components, making them attractive investments.
- Growth Opportunities: Kaye views these Japanese stocks as direct and indirect plays on Asia and China's recovery and growth, emphasizing Japan's strategic positioning between the U.S. and China.
Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIS is 137.29 USD with a low forecast of 123.00 USD and a high forecast of 152.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 113.210
Low
123.00
Averages
137.29
High
152.00
Current: 113.210
Low
123.00
Averages
137.29
High
152.00
About DIS
The Walt Disney Company is a diversified worldwide entertainment company. The Company's segments include Entertainment, Sports and Experiences. The Entertainment segment generally encompasses its non-sports focused global film and episodic content production and distribution activities. The lines of business within the Entertainment segment along with their business activities include Linear Networks, Direct-to-Consumer, and Content Sales/Licensing. The Sports segment encompasses its sports-focused global television and direct-to-consumer (DTC) video streaming content production and distribution activities. The lines of business within the Sports segment include ESPN and Star. The Experiences segment includes Parks and Experiences and Consumer Products. Parks and Experiences consists of Walt Disney World Resort in Florida, Disneyland Resort in California, Disney Cruise Line, and others. Consumer Products includes licensing of its trade names, characters, visual, literary and other IP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
