Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Politics

Amid Japan election uncertainty, these 2 stocks remain strong buys

admin by admin
October 29, 2024
in Politics
0
Amid Japan election uncertainty, these 2 stocks remain strong buys
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Japanese stocks are pushing to the upside after the country’s ruling coalition led by Prime Minister Shigeru Ishiba failed to secure a parliamentary majority in elections 2024.  

The Liberal Democratic Party (LDP) together with Komeito – its coalition partner won 215 seats out of 465 in total, falling short of 233 it needed to earn a majority.

LDP will now have to form a new coalition with a third party that spells uncertainty as the name of the party as well as the terms of such an agreement with it are yet to revealed.

“That could potentially make for a very murky outcome going forward,” Neuberger Berman’s senior vice president Kei Okamura told CNBC on Tuesday.

Nonetheless, Okamura is bullish on the following two “high-quality” Japanese stocks.

USS Co Ltd (TYO: 4732)

Kei Okamura remains constructive on shares of the used car dealer even though they have been a laggard in 2024.

The portfolio manager expects USS stock to recover in the coming year as it’s currently the “biggest operator” in the second-hand car auction market with a share of more than 50%.

The company, therefore, has exceptional “pricing power – which we think is absolutely critical,” he added on “Squawk Box Asia”.

USS Co Ltd ended its fiscal 2024 with ¥48,937 million ($326 million) in operating profit on ¥97,606 million in net sales. Both figures were up meaningfully versus a year ago.

USS shares also currently pay a healthy dividend yield of 2.94% that makes up for another good reason to have it in your portfolio.

Tokio Marine Holdings Inc (TYO: 8766)

Shares of this insurance company are already up some 60% versus the start of 2024 but Neuberger Berman is confident that it will push further to the upside in the months ahead.

In fact, Kei Okamura sees Tokio Marine stock as somewhat insulated from the political uncertainties. He’s positive on the multinational as it has a commendable footprint in both Japan and the United States that’s helping improve its P&L.

“We’re expecting the insurer to continue to unwind across shareholdings, invest those proceeds into business, but al buy back stock. That would bode well for the balance sheet,” as per the investment firm.

Tokio shares are well-positioned for healthy total returns as they pay a dividend yield of 2.21% as well. A few of the other high-quality names that Neuberger Berman is bullish on include Hitachi and Mitsubishi Logistics.

The post Amid Japan election uncertainty, these 2 stocks remain strong buys appeared first on Invezz

Previous Post

McDonald’s brushes off sales hit from E. coli outbreak in US, international markets still pressured

Next Post

Chipotle Mexican Grill expected to report strong earnings despite CEO exit—is it a buy?

admin

admin

Next Post
Chipotle Mexican Grill expected to report strong earnings despite CEO exit—is it a buy?

Chipotle Mexican Grill expected to report strong earnings despite CEO exit—is it a buy?

Trending News

Earnings call: Sangoma Technologies reports solid FY 2024 results

Earnings call: Sangoma Technologies reports solid FY 2024 results

September 19, 2024
Germany’s inflation falls to 1.8% in September; EUR/USD remains stable

Germany’s inflation falls to 1.8% in September; EUR/USD remains stable

September 30, 2024
Apple unveils cautious outlook for crucial holiday quarter

Apple unveils cautious outlook for crucial holiday quarter

November 1, 2024
Subscribe to Insightful Word


    Recent News

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    June 7, 2025
    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    June 7, 2025
    Gemini crypto exchange planning to go public following Circle’s IPO success

    Gemini crypto exchange planning to go public following Circle’s IPO success

    June 7, 2025
    Top 2 private equity stocks to buy for the second half of 2025

    Top 2 private equity stocks to buy for the second half of 2025

    June 7, 2025

    Recent News

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

    June 7, 2025
    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home

    June 7, 2025

    Latest News

    • XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling
    • Beyond tariffs: Lululemon stock’s bigger problem is growth fatigue at home
    • Gemini crypto exchange planning to go public following Circle’s IPO success

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.