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Jul 21, 2021
Tokyo’s delayed Olympics is flipping conventional wisdom on its head, with Japan’s stay-at-home stocks expected to emerge as winners rather than once-favored advertisers, real-estate firms and travel operators.
Thanks to the resurgent pandemic, shares in the likes of fried-chicken chains, food-delivery operators and electronics stores selling TVs are seen as more likely to get a boost from the Games, according to analysts. Purchases of food and TVs will be expected to increase, as people seek to make the Olympics more fulfilling,” Naoya Kumagai, a strategist from Okasan Securities, wrote in a recent report. Even though the Games will be held in an irregular fashion, it can still provide a tailwind for many companies.”
JapanTokyoJapaneseNorihiro-fujitoNaoya-kumagaiRikako-ikeeHiroki-kondoJapan-railwayGracenote-incHoldings-japan-ltdToyota-motor-corpOlympics