[Tomio Sugimura’s Short-term Market Observation]─Aiming for a double stock price, a super-low PBR stock with a rapid rise in performance! | Market conditions – stock search news

“Super” low PBR stock with rapid performance improvement that can double the stock price!

●The Tokyo market is regaining its dynamism!

Stock markets at home and abroad are in a state of “high prices”. The reason for this is that inflation will not come to an end and pressure to raise interest rates will continue. In the United States, the economy is stronger than expected, with the manufacturing industry recovering and the non-manufacturing industry making a comeback. A new word called no landing, which is different from hardware and software, has appeared. Employment is increasing while interest rates remain high. I think the impact of overcoming the corona misfortune will be large.

There is a strong mood in Japan to see how Kazuo Ueda, the next governor of the Bank of Japan, will act. He is positioned between the reflationist group (headed by Kuroda, governor of the Bank of Japan) and the anti-reflationary group (leader of the group is former BOJ governor Shirakawa). Given that Prime Minister Kishida’s axis has shifted, it will be difficult to steer policy management, but monetary easing of a different dimension and ultra-low interest rate policy will likely be revised sooner or later (two years?).

This is the trend of the times. The market has to accept. Furthermore, in March, there is a corporate sale every year. The pattern of Setsubun ceiling and equinoctial week bottom is caused by the investment behavior of domestic institutional investors and corporations. In particular, there are many items for sale this year related to the Tokyo Stock Exchange’s listing criteria (trading stock market capitalization). Foreigners aware of this move refrain from aggressive buying. Isn’t that obvious?

However, although the index is in a stalemate, there is a lot of interest in individual stocks, and some industries have regained their dynamism. The background to this is the recovery of US automobile sales, the recovery of the Chinese economy, the paradigm shift brought about by “Chat GPT”, the revival of inbound tourism, the revolution of the pachinko and pachislot industry, the introduction of medical DX (digital transformation), and the second reform of the Tokyo Stock Exchange. There is also the opening of the curtain.

● A company that benefits from a serious labor shortage?

In addition, there is a serious labor shortage due to the return of the manufacturing industry to the domestic market and the revitalization of the movement of people (post-corona).nms holdings of manufacturing industry dispatch and contract business <2162> [東証Ｓ]performance turns into a V-shaped recovery. Consolidated sales for the fiscal year ending March 2024 are 90 billion yen (forecast for the fiscal year ending March 2023 is 79 billion yen), operating income is 3 billion yen (1.2 billion yen), and earnings per share is over 110 yen (19.3 yen). ) is a trial calculation by a research agency.

In the third quarter (third quarter) of last year, sales were 21.4 billion yen and operating profit was 749 million yen. This pace continued from January to March this year.After all, the main customer is Panasonic Holdings <6752> [東証Ｐ]Sony Group <6758> [東証Ｐ]Daikin Industries <6367> [東証Ｐ]is. All three companies said, “We want as many people as possible.”

From the perspective of the Tokyo Stock Exchange reform (requiring a reduction in the minimum investment amount and correction of the PBR below 1x), a rapid increase in share buybacks (966 companies will buy back their own shares totaling 9.2 trillion yen in 2022 → record high) , a sharp increase in stock splits can be cited.Fanuc <6954> [東証Ｐ]Oriental Land <4661> [東証Ｐ]Shin-Etsu Chemical <4063> [東証Ｐ]EDP <7794> [東証Ｇ]Etc. 1 to 5, Tokyo Electron <8035> [東証Ｐ]will proceed to a 1-for-3 stock split.

Wood One with around 0.2x PBR <7898> [東証Ｓ]Pigment <4119> [東証Ｓ]F-tech <7212> [東証Ｐ]Fuji Oozx <7299> [東証Ｓ]Ahresty <5852> [東証Ｐ]Aichi Steel <5482> [東証Ｐ]Sankyo Tateyama <5932> [東証Ｐ]is expected to make a significant recovery from the next fiscal year onwards. Of course, there is a dividend (Aichi Steel is undecided this term). A PBR of 0.4 to 0.5 times will result in a “share price doubling.”

February 24, 2023 Diary

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