The weak demand in China has caused Japanese cosmetics manufacturers to reduce profit forecast, resulting in the stock price of the largest annual decline since the record.Analysts have greatly lowered the target stock price of the Shengtang.
According to a report on Monday (December 4), the data shows that the average target price of Shiseido has fallen 13%in the past month, which is the market value of more than 1500 billion yen (about S $ 13.6 billion) The decline in Japanese companies has the largest decline.SMBC SMBC Nikko Securities reduced its target by 34%on the 4th. Previously, Sanford C. Bernstein and Daiwa Securities lowered its target rating in November.
It is reported that due to the slowdown in China's demand, Shiseido lowered the annual profit expectations in November. The stock is expected to have a 38%annual decline, which is unprecedented.
Earlier, Japan began to process the Fukushima nuclear power plant nuclear treatment water into the Pacific in August this year.
SMBC Raixing Bank analysts wrote in a report that due to the prolonged time of China's economic slowdown, the problem of water discharge of the Fukushima emissions, and the extension of tourism retail inventoryEssence
Goldman Sachs's strategist believes that Shiseido's plunge in recent months has made it one of the most serious stocks in the cosmetics industry.At present, Shiseido's situation is deeply influenced by the emotions of the Chinese market, and the emotions in the Chinese market may change rapidly due to any stimulus measures or policy changes.
