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Japan manufacturers' sentiment rises in August after US trade deal, but tariffs cloud outlook: Reuters poll
By Makiko Yamazaki TOKYO (Reuters) -Japanese manufacturers grew more confident about business conditions in August after a trade agreement between Tokyo and Washington, but remained cautious about the outlook due to potential U.S. tariff impacts, a Reuters Tankan poll showed. The monthly poll, which tracks the Bank of Japan's quarterly tankan business survey, showed the manufacturers' sentiment index rising to plus 9 in August from plus 7 in July, marking a second straight month of improvement. But the index is projected to decline to plus 4 over the next three months, signalling that manufacturers remain guarded about how the U.S. tariffs would impact their businesses. The poll, conducted between July 30 and August 8, surveyed 497 major non-financial companies, with 241 responding on condition of anonymity. Last month, Japan secured a trade deal with the U.S. that lowers tariffs on cars and other goods to 15% in exchange for a U.S.-bound $550 billion Japanese investment package that will come in the form of equity, loans and guarantees. Among manufacturers, the sentiment index for the transport machinery sector, which includes Japan's vital auto industry, surged to plus 25 in August from plus 9 in July. However, it is projected to slip back to plus 9 in November. "The business outlook remains uncertain as the U.S. tariff policies are forcing the entire automobile industry to overhaul its production plans," an auto industry manager wrote in the survey. Another manager from the sector cited slowing sales of Japanese cars in China, in addition to the U.S. tariffs, as a source of concern. The food industry saw the sharpest decline among all sectors, with its sentiment index falling to minus 25 from zero, with some managers pointing to persistent surges in ingredient and material costs. For non-manufacturers, the business sentiment index fell to plus 24 in August from plus 30 in July, its first decline in five months. Companies expect a slight rebound to plus 25 in the next three months. Real estate and construction firms, as well as retail firms, reported declines in their respective indexes, though they remained in positive territory, signalling that optimists outnumber pessimists. Some managers at retail firms cited a drop in store visitors, while a services firm manager said heatwaves were affecting business. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Asian Companies Estimated To Be Trading Below Intrinsic Value In August 2025
As global markets navigate a complex landscape marked by trade tensions and shifting monetary policies, Asian markets have shown resilience, with indices like China's CSI 300 and Japan's Nikkei 225 posting gains amid strong corporate earnings and robust export data. In this environment, identifying undervalued stocks becomes crucial for investors seeking opportunities that may offer potential value relative to their intrinsic worth. Top 10 Undervalued Stocks Based On Cash Flows In Asia Name Current Price Fair Value (Est) Discount (Est) Xi'an NovaStar Tech (SZSE:301589) CN¥155.66 CN¥310.49 49.9% Unimicron Technology (TWSE:3037) NT$138.50 NT$275.38 49.7% SIMMTECH (KOSDAQ:A222800) ₩27100.00 ₩53412.04 49.3% PixArt Imaging (TPEX:3227) NT$192.50 NT$377.38 49% Matsuya R&DLtd (TSE:7317) ¥714.00 ¥1427.91 50% Heartland Group Holdings (NZSE:HGH) NZ$0.80 NZ$1.58 49.5% Guangdong Lyric Robot AutomationLtd (SHSE:688499) CN¥59.00 CN¥115.97 49.1% GEM (SZSE:002340) CN¥6.68 CN¥13.10 49% Finger (KOSDAQ:A163730) ₩13170.00 ₩26259.20 49.8% Andes Technology (TWSE:6533) NT$276.00 NT$541.58 49% Click here to see the full list of 277 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's uncover some gems from our specialized screener. Guangdong Lyric Robot AutomationLtd Overview: Guangdong Lyric Robot Automation Co., Ltd. (ticker: SHSE:688499) specializes in the development and manufacturing of automation equipment, with a market cap of CN¥9.88 billion. Operations: I'm sorry, but the information provided does not include specific revenue segments for Guangdong Lyric Robot Automation Co., Ltd. If you have additional data on their revenue breakdown, I would be happy to help summarize it. Estimated Discount To Fair Value: 49.1% Guangdong Lyric Robot Automation Ltd. is trading at CN¥59, significantly below its estimated fair value of CN¥115.97, suggesting it may be undervalued based on cash flows. Despite recent share price volatility and substantial shareholder dilution over the past year, the company is forecast to achieve high revenue growth of 33.2% annually and become profitable within three years, outpacing average market growth in China. Our growth report here indicates Guangdong Lyric Robot AutomationLtd may be poised for an improving outlook. Get an in-depth perspective on Guangdong Lyric Robot AutomationLtd's balance sheet by reading our health report here. Recruit Holdings Overview: Recruit Holdings Co., Ltd. offers HR technology and business solutions aimed at transforming the world of work, with a market cap of approximately ¥12.54 trillion. Operations: The company's revenue is primarily derived from three segments: Staffing at ¥1.65 billion, HR Technology at ¥1.11 billion, and Marketing Matching Technologies at ¥825.04 million. Estimated Discount To Fair Value: 28.9% Recruit Holdings, trading at ¥8,790, appears undervalued with a fair value estimate of ¥12,363.23. Despite recent volatility and a slower revenue growth forecast of 4.5% annually compared to its past performance, the company is executing strategic buybacks worth ¥45 billion to enhance shareholder returns and fund long-term growth initiatives. Earnings are projected to grow faster than the Japanese market at 9.6% per year, supported by a robust return on equity forecast of 29.9%. In light of our recent growth report, it seems possible that Recruit Holdings' financial performance will exceed current levels. Unlock comprehensive insights into our analysis of Recruit Holdings stock in this financial health report. Baycurrent Overview: Baycurrent, Inc. offers consulting services in Japan and has a market cap of ¥1.32 billion. Operations: The company generates revenue primarily from its Consulting Business, amounting to ¥123.32 million. Estimated Discount To Fair Value: 16.2% Baycurrent, trading at ¥8,710, is undervalued with a fair value estimate of ¥10,390.87. The company is experiencing robust growth with earnings projected to rise significantly over the next three years and revenue expected to grow at 20.4% annually—outpacing the Japanese market. Recent strategic buybacks totaling ¥2.99 billion indicate a focus on enhancing shareholder value amid discussions on treasury shares disposal for compensation purposes. Upon reviewing our latest growth report, Baycurrent's projected financial performance appears quite optimistic. Click to explore a detailed breakdown of our findings in Baycurrent's balance sheet health report. Taking Advantage Investigate our full lineup of 277 Undervalued Asian Stocks Based On Cash Flows right here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Contemplating Other Strategies? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SHSE:688499 TSE:6098 and TSE:6532. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
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Electric vehicle sales growth eases to 21% in July, research firm says
By Alessandro Parodi (Reuters) -Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday. WHY IT'S IMPORTANT China is the world's biggest car market and accounts for more than half of global EV sales, which in Rho Motion's data include battery-electric vehicles and plug-in hybrids. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Its overall car sales growth slowed in July, with BYD, the world's largest EV maker, recording its third monthly drop in registrations. The relatively muted slowdown in overall EV sales however shows other markets are taking up some of the slack, with European sales for one benefiting from incentives aimed at speeding up decarbonisation. BY THE NUMBERS Global sales of battery-electric vehicles and plug-in hybrids rose to 1.6 million units in July, Rho Motion data showed. China's EV sales growth, which averaged 36% a month in the first half, eased to 12% in July as the previously booming market was dampened by a pause in some 2025 government subsidy schemes for EV and plug-in hybrid purchases, Rho Motion data manager Charles Lester said. Chinese sales reached around one million vehicles. European sales surged 48% to about 390,000 units, while North American sales climbed 10% to more than 170,000. Sales in the rest of the world jumped 55% to more than 140,000 vehicles. KEY QUOTE "Despite regional variations, the overall trajectory for EV adoption in 2025 remains strongly upward," Lester said. WHAT'S NEXT Chinese car sales are expected to return to strong growth from August as new funds become available for its subsidy schemes, while a cut in U.S. tax credits for buying or leasing new EVs at the end of September will hurt demand there, Lester added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
