Nouvel enregistrement 10

Munyori

• Speaker 1 0:00
• Speaker 2 0:00
• Speaker 3 9:11
• Speaker 4 9:23
• Speaker 5 36:49
• Speaker 6 35:22

1. 0:00

   Chikamu 1: Morning, so that's good. 298s · Speaker 2

   Morning, so that's good. Okay, let's see you again. Morning, Richard. Morning, France. Good to see you. Morning. Okay, great. We've got representation from across all the regions now. So thank you for joining us. It's my pleasure to have Ri…

2. 5:00

   Chikamu 2: smart diversification of sourcing with natural gas heavily dependent on Australia, for example. 147s · Speaker 1

   smart diversification of sourcing with natural gas heavily dependent on Australia, for example. And that has positioned Japan very well in the current crisis and again, supported the markets move. But there's another big thing, which again,…

3. 7:27

   Chikamu 3: sectors. We're back this year and the great companies are supporting that performance as the market goes to historical highs. 103s · Speaker 2

   sectors. We're back this year and the great companies are supporting that performance as the market goes to historical highs. Our fund has actually benefited from that and more. I'm going to finish with a few last words. We mentioned some o…

4. 9:11

   Chikamu 4: Thank you, Richard, for that. 300s · Speaker 3

   Thank you, Richard, for that. Richard Billing in the UK, I know that you had some questions lined up for Richard. So maybe if I could start with you. Yeah, no, thank you so much, Richard. That was great. I mean, I have read the paper, but i…

5. 14:11

   Chikamu 5: we wouldn't be mentioning names. 136s · Speaker 2

   we wouldn't be mentioning names. But it is interesting. There's a sense of what proportion of your peers in that sector basically said, look, we need to dramatically change our strategy in order to survive. You attempt me into saying things…

6. 16:28

   Chikamu 6: you know, Morningstar, when they write reports about Comgest, do talk about how we stick to our quality growth approach, not just in Japan strategy, but across all our strategies. 300s · Speaker 3

   you know, Morningstar, when they write reports about Comgest, do talk about how we stick to our quality growth approach, not just in Japan strategy, but across all our strategies. And I think it's one thing that clients. you know, now know …

7. 21:28

   Chikamu 7: And companies are involved in the automation and the software revolution that's going on in Japanese society to deal with the changing labor force, the decline of young people and so on. 208s · Speaker 2

   And companies are involved in the automation and the software revolution that's going on in Japanese society to deal with the changing labor force, the decline of young people and so on. And those companies, the changing Japan portion of ou…

8. 25:01

   Chikamu 8: What are the three reasons that you could give, or maybe just two or four, on why Japan is less covered at present or so little covered? 213s · Speaker 4

   What are the three reasons that you could give, or maybe just two or four, on why Japan is less covered at present or so little covered? There are three major reasons. France, thank you for your question. One is a little bit like Marcus's q…

9. 28:34

   Chikamu 9: What does that influence? 302s · Speaker 2

   What does that influence? People say, hey, this might be the return of Japan. You're saying, okay, we're up to that. I know. But is it... The whole atmosphere around the Japanese. It's a great question. And I think it's part of the problem …

10. 33:37

    Chikamu 10: compared to the market also when you when you look at specific sectors like information technology are japanese stocks cheaper than the usps you know a story like that would work do we have something like that yes we do um the the first and to one line response is the price index to growth multiple that multiple on the fund is close to the lowest level for 17 years. 82s · Speaker 1

    compared to the market also when you when you look at specific sectors like information technology are japanese stocks cheaper than the usps you know a story like that would work do we have something like that yes we do um the the first and…

11. 35:00

    Chikamu 11: And AI gets docs specifically, it's hard to comment in one sentence because the story. 72s · Speaker 3

    And AI gets docs specifically, it's hard to comment in one sentence because the story... difference from stock to stock. But we have a lot of smaller companies in the sub $20 billion market space, the low $20 million market space, that are …

12. 36:12

    Chikamu 12: earnings. 271s · Speaker 1

    earnings. don't even have to look at price earnings growth is still very low on price earnings for a growth rate that's in the high teens on a profit level so many examples like that which are making the peg the price of both of our funds v…

13. 40:44

    Chikamu 13: Sorry to come back again because the white paper is long. 104s · Speaker 2

    Sorry to come back again because the white paper is long. It's good. But you can't position it like that here in Germany. We don't have any opportunities for byline articles hardly anymore. So the alternative would be to create a shorter ve…

14. 42:30

    Chikamu 14: Thank you very much. 4s · Speaker 3

    Thank you very much. Bye. Bye. Bye. Bye.