2023-11-20 01:34:04
Delayed Time Japan Exchange 05:21:24 20/11/2023 Varia. 5d. Varia. Jan. 1 1,564.50 JPY +4.51% +12.36% +40.84%
November 20, 2023 at 02:34
Tokyo (awp/afp) – The Nikkei index of the Tokyo Stock Exchange rose Monday morning, briefly reaching a level not seen in 33 years, in the wake of Wall Street’s optimism at the end of last week regarding a landing in softness of the American economy.
Around 01:10 GMT, the flagship index of the Japanese capital gained 0.3% to 33,684.38 points, following earlier reaching a new session high since March 1990.
The broader Topix index rose 0.05% to 2,392.18 points.
The New York Stock Exchange concluded a third week in a row in the green on Friday, driven by the relaxation of bond yields and a stronger-than-expected slowdown in American inflation in October, removing concerns regarding further increases in bond rates. the American Federal Reserve (Fed).
Panasonic
Panasonic shares jumped 5.71% following having already climbed 5.5% on Friday. The Japanese group announced on Friday that it had signed a memorandum of understanding with the American fund Apollo Global Management, paving the way for the latter to acquire a stake in Panasonic Automotive System (PAS), a Panasonic subsidiary bringing together its activities. in automotive equipment (separate from its division manufacturing electric batteries).
The Japanese also mentions in its press release a potential future IPO of PAS.
Rise of the yen
On the foreign exchange market, the dollar fell once morest the yen, with one dollar trading for 149.51 yen once morest 149.63 yen on Friday at 9:00 p.m. GMT.
The euro was trading for 163.10 yen once morest 163.32 yen at the end of last week, and for 1.0908 dollars once morest 1.0915 dollars on Friday at 9:00 p.m. GMT.
Oil was moving close to equilibrium on Monday morning in Asia: a barrel of American WTI fell 0.09% to $75.82 around 01:10 GMT and that of Brent from the North Sea dropped 0.02% to $80.59 .
mac/chv
© AWP – 2023 Tokyo rising behind Wall Street 02:34 AW Western lithium and graphite miners raise prices for ESG-friendly sourcing 17/11 RE Fisker partners with Panasonic Automotive to launch audio system on an electric SUV 11/17 MT Trade tensions and profits disrupt Asian stock markets 11/17 MT Panasonic plans to sell part of its automotive business to Apollo Global Funds 11/17 CI Japan’s Panasonic plans to sell part of its automotive business with funds from Apollo Global 17/11 RE Redwood signs long-term contract with Toyota to supply materials for electric vehicle batteries 16/11 RE Sumitomo Metal Mining plans to increase its production of battery materials , possibly in the United States 11/16 RE Electric vehicle battery maker plans $165 million factory in North Carolina in 2026 11/14 RE Mega-cap valuations fall on rising interest rates and concerns over tech company profits 11/01 RE Central bank and industry reports disrupt Asian stock markets 10/31 MT Tokyo closes higher following BoJ and despite falling yen 10/31 AW Markets would have done well need a Halloween effect 10/31 Live from the Markets: Stellantis, Thales, Imerys, Casino, AB Inbev, Apple, Logitech, Prysmian… 10/31 The Japanese Nikkei rebounds, bank shares recovering following the decision of BOJ 31/10 RE South Korean stocks fall more than 1%, Tesla’s fall weighs on battery makers 31/10 RE Japanese bank stocks gain on BOJ bets, sector stocks chips follow US peers lower 10/31 RE Tokyo feverish ahead of BoJ 10/31 AW Tesla shares fall following Panasonic cuts battery profit forecast 10/30 MT Tesla falls, production cut by battery supplier Panasonic fueling fears over demand for electric vehicles 30/10 RE Live from the Markets: Stellantis, TotalEnergies, Casino, Vodafone, Siemens Energy, Clariant, Asos… 30/10 Panasonic reduced by 15% its operating profit forecast for the full financial year 10/30 RE Panasonic Holdings Corporation announces its results for the six months ended September 30, 2023 10/30 CI Transcript: Panasonic Holdings Corporation, Q2 2024 Earnings Call, Oct 30, 2023 10/30 CI Behind the fight for batteries in Detroit: Profits, power of the UAW and Tesla 10/19 RE
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Panasonic Holdings Corporation (formerly Panasonic Corporation) specializes in the manufacturing and marketing of consumer electronic equipment. Turnover (before intra-group eliminations) by product family is broken down as follows: – domestic equipment, household appliances and audiovisual equipment (42.5%): lighting devices, photovoltaic devices, wiring devices, care and health devices , furniture materials, air conditioning and ventilation equipment, air purifiers, refrigerators, air conditioners, washing machines, dryers, vacuum cleaners, irons, microwaves, fans, cooking appliances, dishwashers, televisions, digital cameras, audio and video equipment, landline telephones, display cases, etc. ; – electronic and electromechanical components (13.2%): relays, switches, electrical power systems, industrial motors and sensors, capacitors, coils, resistors, materials for electronic circuits, semiconductors, LCD panels, etc. ; – multimedia equipment and electronic accessories for automobiles (12.4%); – avionics, industrial automation, communication and entertainment systems (10.8%): entertainment and communication systems on board aircraft, electronic component assembly machines, welding equipment, projectors, professional audiovisual systems, computers , tablets, mobile communication systems and equipment, etc. ; – energy storage systems (8.9%): cylindrical lithium-ion batteries, dry batteries, primary/secondary lithium batteries, nickel-metal-hydride batteries, lithium-ion batteries, modules and storage systems energy; – others (12.2%). The geographical distribution of turnover is as follows: Japan (43.2%), China (13.4%), Asia (14.7%), Americas (18.7%) and Europe (10%).
More information regarding the VenteAchat company
Average recommendation
ACHETER
Last Closing Course
1497.00JPY
Average course objective
1 897,54JPY
Gap / Average Objective
+26,76%
Consensus Varia. Jan. 1 Capi. ($M) +40.84% $23,334M+28.20% $108B+22.20% $13,918M+5.17% $4,306M+141.67% $4,084M+38 .99% $3,898M+91.75% $3,878M+69.34% $3,710M-7.29% $3,146M-14.71% $2,215M Electronic devices – Other
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