Goldman Sachs added Honda (HMC) to the firm’s “APAC Conviction List – Directors’ Cut.” Goldman believes the company is in a stronger position to achieve its medium-term business plan for 2030. The firm sees Honda as one of the few automakers that can maintain/expand its strong profit margins while making upfront investments in electrification and intelligent mobility. Kota’s operating profit estimates for FY3/25-FY3/26 are 3% and 15% higher than IFIS consensus forecasts. More importantly, Goldman sees Honda’s automobile business earnings as more sustainable than peers in terms of adaptability to changes in environmental and tariff conditions.
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Read More on HMC:
- American Honda reports October sales up 2.1% to 110,346 units
- Honda Completes Significant Share Buyback Program
- Honda recalls 720,000 vehicles in U.S. over faulty pump
- Honda recalls 780 vehicles in North America over faulty fuel pump, Reuters says
- GE Aerospace, GM report quarterly earnings beats: Morning Buzz
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