Technology
PER now <20x (next year's forecast) for a company that has grown profits >4x in 4-yrs - this DX consultant is a great example of a strong growth name where fundamentals haven't changed at all, but the share price has retraced ~50% since last Sept as foreigners (52% shareholder ratio) look for profit-taking targets. Other fallen angels in the small-mid cap growth names that the analysts at Asymmetric Advisors are keen to highlight include Descente, Sato Holdings, Shibaura Machine and TRE Holdings.
Edition: 138
- 24 June, 2022
Hitachi (6501) & Descente (8114)
Industrials & Consumer Discretionary
Hitachi - shares are up >50% since last highlighted in The Cut but still good value. This transformed group with its core focus now on power grid transformation work and industrial digitalisation is a multi-year growth story.
Descente - an underperforming athleisure company that Itochu took over and is transforming and only Asymmetric has been covering. Via a partnership with Anta Sports, the China store network is being aggressively rolled out ahead of the Winter Olympics and China earnings will rise from virtually zero to become the main contributor.
Edition: 115
- 23 July, 2021