GHF · 2023-09-19T10:27:17.363687Z

Heute mit Marubeni $8002 meine dritte Japan Position ins Depot aufgenommen. Marubeni ist ein herrlich langweiliges breit diversifiziertes Handels- und Industriekonglomerat, was mein langfristig angelegtes Depot gut ergänzt. Die Bewertung ist fair, beinhaltet aber natürlich auch den üblichen Konglomerat-Abschlag. Die Entwicklung der Bilanz und GuV über die letzten Jahre ist genauso kontinuierlich positiv, wie der Aktienverlauf und die Dividendenentwicklung (3% p.a. mit starkem Div-Wachstum). Wenngleich die Aktie ggf. etwas überkauft ist, ist der MACD genauso wie die SMA 20/50/200 positiv. Auf der Risikoseite muss man sicherlich das gestiegene Währungsrisiko u.a. auch wg. der aktuellen Zinsunterschiede nennen, wie eine mögliche anstehende Zinsanhebung der jap. Zentralbank, was zu Turbulenzen an den jap. Aktienmärkte führen dürfte. Mit Itochu $8001 und Sumitomo $8053 hat Japan nun 6% Anteil in meinem Depot, damit soll es auch gut sein.

Today with Marubeni $8002 (-1.73%) my third Japan position in the portfolio.

Marubeni is a wonderfully boring broadly diversified trading and industrial conglomerate, which complements my long-term portfolio well.

The valuation is fair, but of course includes the usual conglomerate discount. The development of the balance sheet and P&L over the past years is just as continuously positive as the share performance and the dividend development (3% p.a. with strong div growth). Although the stock may be somewhat overbought, the MACD is positive, as is the SMA 20/50/200.

On the risk side, one must certainly mention the increased currency risk, among other things, also due to the current interest rate differentials, such as a possible upcoming interest rate hike by the Japanese central bank, which is likely to lead to turbulence on the Japanese stock markets.

With Itochu $8001 (-1.91%) and Sumitomo $8053 (-1.45%) Japan now has a 6% share in my portfolio, so that should be fine.

Saschko@WarrenamBuffet

1Yr

Good choice. Besides this one I also have Itochu and Mitsui, with me it's about 5 percent Japan, which is enough for me ;-)

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SekmDIV@SekmDIV

One of my biggest positions 👌 good choice! Still have Nippon Steel from Japan with me.

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GHF@GHF

@SekmDIV I would be cautious with Japan at the moment. A decision on a possible interest rate hike in Japan will be made in the next few days, and Marubeni $8002 in particular suffered considerably from the last interest rate hike in August 24.
Only yesterday I therefore reduced my Japan position somewhat and sold Sumitomo.