Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Suzuki Motor Corporation    7269   JP3397200001


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Asian business confidence rebounds sharply, pandemic casts shadow- Thomson Reuters/INSEAD

share with twitter share with LinkedIn share with facebook
09/23/2020 | 12:00am EDT

(For further coverage, Eikon users please search ".TRIABS", or news code "ASIATOPCO/". For a PDF of the survey, please click https://tmsnrt.rs/2ZZE8KT)

* Thomson Reuters/INSEAD Asian Q3 sentiment index 53 vs 35 in Q2

* Over two-thirds flag COVID-19 as the top risk to outlook

BENGALURU, India, Sept 23 (Reuters) - Business sentiment among Asian firms rebounded in the third quarter as easing coronavirus restrictions lifted sales but lingering uncertainty over the pandemic thwarted a return to business-as-usual, a Thomson Reuters/INSEAD survey showed.

Asian firms' outlook for the next six months tracked by the Thomson Reuters/INSEAD Asian Business Sentiment Index jumped to 53 in the third quarter from an 11-year low of 35 in the second, according to the survey of 103 companies across 11 Asia-Pacific countries.

It was also higher than the 50-point mark, which indicates a positive outlook.

The survey comes as the easing of coronavirus restrictions across Asia has reduced pressure on hard-hit economies, though the experience has varied across the region, with some still in recession and others, like China, seeing a steady recovery.

More than two-thirds of the companies polled said they saw the pandemic, or a fresh spike in COVID-19 cases, as a top risk. About 14% said a global recession was their biggest concern, while the rest flagged uncertainty over the upcoming U.S. election in November and other risks.

"We're recovering with a large dose of uncertainty," said Antonio Fatas, an economics professor at global business school INSEAD in Singapore.

"If it was just because of Asia, I think the numbers would be more positive but the reality is the world is not just Asia," he said, pointing to greater uncertainty in Europe and the United States.

The United States has reported the greatest number of COVID-19 fatalities, while rising numbers in Europe are now threatening to shut down parts of the continent again.

Some 28% of companies in the third quarter were positive about their outlook, the survey showed, up sharply from 7.6% in the second quarter. About 60% of the firms polled said they did not hire or lay off people this quarter, in contrast to the second quarter's survey in which 63% said they had cut jobs.

Companies polled included Australia-listed Oil Search , Indian motorcycle maker Hero MotoCorp and Japanese car maker Suzuki Motor Corp.

The survey was conducted between Aug. 31 and Sept. 14.


While countries in Asia have had mixed success in containing the coronavirus and its fallout on their economies, the Asian Development Bank expects output in the region to shrink for the first time in nearly six decades this year.

China, where the coronavirus was first detected, has largely managed to contain its spread and South Korea and Japan have kept case numbers relatively low by global standards despite all three countries seeing a second wave of infections.

But elsewhere in the region the outbreak is worsening. India, for instance, has reported the second-highest number of cases globally.

Indeed, some investors are shunning Asia's riskier, high-yielding markets, despite the ample liquidity pumped into the financial system by central banks globally this year.

Satish Shankar, the Asia-Pacific managing partner of business consultancy Bain & Company, said many companies in the region would "need to fundamentally transform their business models" to survive.

But he added that Asia's economic rebound would be "strongly linked" to the recovery in the Chinese economy.

China expanded 3.2% in the second quarter, and looks set to grow this year.

Some China-based firms in the survey said the upcoming U.S. election was their primary worry alongside COVID-19.

The U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards while Washington has cracked down on Chinese tech firms amid worsening relations between the world's two largest economies.

Grant Pan, chief financial officer of Chinese wealth manager Noah Holdings, which is listed in the United States, said the firm was looking at "possible alternatives as a safety net, including the Hong Kong and Chinese capital market". Noah Holdings was among the companies surveyed.

Note: Companies surveyed can change from quarter to quarter.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Sayantani Ghosh and Ana Nicolaci da Costa)

Stocks mentioned in the article
ChangeLast1st jan.
HERO MOTOCORP LIMITED -1.79% 2893.2 End-of-day quote.18.39%
LONDON BRENT OIL -0.05% 37.66 Delayed Quote.-38.33%
MOTORCYCLE HOLDINGS LIMITED 0.00% 2.56 End-of-day quote.23.08%
OIL SEARCH LIMITED -5.11% 2.6 End-of-day quote.-64.14%
SUZUKI MOTOR CORPORATION 1.38% 4486 End-of-day quote.-1.77%
WTI -1.95% 35.465 Delayed Quote.-36.69%
share with twitter share with LinkedIn share with facebook
02:29aJapan automakers post 2.1% dip in Sept global sales
10/22SUZUKI MOTOR : Gujarat Plant in India Achieves Accumulated Automobile Production..
10/20Maruti Suzuki teams with ORIX to launch 'Subscribe' for Hyderabad & Pune cust..
10/20MARUTI SUZUKI INDIA : Swift Limited Edition, Bolder with more Style and Sportine..
10/16MARUTI SUZUKI INDIA : 'DESH KI SHAAN' - Maruti Suzuki Alto An Icon of trust and ..
10/10SUZUKI MOTOR : to launch microplastic collection device for outboard engines
10/09MARUTI SUZUKI INDIA : Country's best-selling compact SUV Maruti Suzuki Vitara Br..
10/05SUZUKI MOTOR : Hitachi Automotive Systems stereo camera with nighttime pedestria..
10/02SUZUKI MOTOR : Develops the World's First Micro-Plastic Collecting Device for Ou..
09/29Japan automakers post 14% drop in August global sales
More news
Sales 2021 2 916 B 27 928 M 27 928 M
Net income 2021 87 163 M 835 M 835 M
Net cash 2021 171 B 1 641 M 1 641 M
P/E ratio 2021 23,5x
Yield 2021 1,47%
Capitalization 2 177 B 20 872 M 20 855 M
EV / Sales 2021 0,69x
EV / Sales 2022 0,61x
Nbr of Employees 68 499
Free-Float 84,7%
Duration : Period :
Suzuki Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUZUKI MOTOR CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 17
Average target price 4 696,88 JPY
Last Close Price 4 486,00 JPY
Spread / Highest target 33,7%
Spread / Average Target 4,70%
Spread / Lowest Target -51,0%
EPS Revisions
Toshihiro Suzuki President & Representative Director
Osamu Suzuki Chairman
Osamu Honda Representative Director & Technical Supervisor
Toshiaki Hasuike Director, VP, Head-Production & Technology
Yasuhito Harayama Vice Chairman & Head-Special Mission
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG-26.79%76 743
DAIMLER AG-9.14%55 649
BMW AG-19.65%44 012