so typical manipulation in Japan ADR
$Sony (SONY.US)$ $Sony Group (6758.JP)$ hold tight. earnings drops a little forecast to Gaming business but movie business is good . We will see price holds or going up in japan market before end of Friday. they want to buy a lot in japan market.
Good earnings all beat, what you can expect? Raising Dividend. valuation is less than 1/3 of M7. Spin off is typically good for investor, but nasty for US investors… Canon delisted 2023 because institutes manipulate in US market then take profit in Japan is so common practice. Another reason Japan market is trading on Company’s projection, company just need to beat own projection. US market is trading on Analysts’ concensus, have to do better if concensus is too good.
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CFA, FRM, P-Quant。然而自己投资并不量化…个人投资观点，不代表供职的银行或客户（反正我看不到）。不提供投资建议。
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