$8053 (+1,91 %) First position 💪
It was about time🤣
$8053 (+1,91 %) First position 💪
It was about time🤣
Today with Marubeni $8002 (+2,65 %) 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 (+4,11 %) and Sumitomo $8053 (+1,91 %) Japan now has a 6% share in my portfolio, so that should be fine.
And while I'm at it....
Rio is building a hydrogen plant in Australia together with $8053 (+1,91 %) (who are unfortunately not in the depot) a hydrogen plant. I like that. Plus the dividend yield of just under 8% and upside potential as soon as the economy in China really picks up again.
As is well known, Rio usually does quite well over the winter. Just cyclical. However, the position is only one third full. So there is still room.
Sumitomo $8053 (+1,91 %)
Today happened to see one of my machines as a shareholder in use under difficult conditions.
Use in the rainy season in Thailand ... and the machine runs ... Business case unchanged given 😉
About GQ I was made aware of the jap market, which I had completely hidden. Something rummaged (also in the GQ portfolios) and yesterday opened my first jap. position.
Sumitomo has amS solid numbers and especially an attractive chart. Of course, you have to like conglomerates, but for a long-term investment, I hope for a reliably growing pole of tranquility with attractive dividends in the portfolio and therefore also accept the currently strongly increased share price.
Also on the shopping list for Japan in the next few days are $8001 (+4,11 %) This would close Japan in my portfolio for the time being with a share of about 5%.
