Asia Plus Securities recommends investors wait for the share price to correct before gradually accumulating HONDA19, a Depositary Receipt referencing Honda Motor shares in the Japanese market. The company reported net profit for the first quarter of fiscal year 2025 of 450.9 billion yen, up 129.3 percent from a year earlier and exceeding analyst estimates by 79.8 percent. Total revenue came in at 6.06 trillion yen, an increase of 13.5 percent, supported by motorcycle sales in India and Brazil as well as a recovery in automobile sales in the United States and Japan. Honda raised its full-year net profit forecast by about 54 percent to 260 billion yen. Honda's share price rose about 3 percent after the earnings announcement, already reflecting some of the positive factors. The research team therefore views the current price as above the average fundamental value of analysts from the Bloomberg Consensus and gives a buy recommendation, setting a one-year target price for the HONDA19 DR at 3.42 baht.
Honda Motor Co., Ltd.Honda's Q1 FY2025 net profit surged 129.3% and full-year forecast raised 54%, beating estimates.
