Consumer Staples
Price hikes appeal to investors - Calbee's decision to raise prices across its product range has led to renewed interest among institutional investors for Japan’s largest snacks maker, having fallen out of favour for several years. In fact, after a seven-year fall, the stock is threatening to break its downtrend with the shares up ~37% in the past six months. While investors bet on earnings growth over the long term through regular price revisions, Oshadhi Kumarasiri thinks there could also be short and medium-term gains as operating profit growth turns positive after many years.
Edition: 147
- 28 October, 2022