Carl Kawaja, Portfolio Manager at Los-Angeles based Capital Group Equity, has informed media that Sony is making a comeback and is on the road to becoming a “significant company” again.
The Portfolio Manager has revealed that the Japanese-based company has strong business opportunities across gaming, image sensors and music streaming.
“I think they are on the verge of coming out of that [decline]. I think they are on [their way to] becoming a significant company once again”, affirmed Kawaja at the Sohn Conference in San Francisco.
Kawaja has offered his vote of confidence in Sony’s new management, specifically its Chief Financial Officer, Kenichiro Yoshida.
Mr Kawaja believes Sony is under-appreciated by the market, stating that despite that the breadth of its business units, Sony boasts a market value of around US$50 billion – similar to Activision Blizzard.
Sohn Conference in San Francisco is heralded one of America’s most prominent investment conferences, known to include ‘market-moving presentations‘ from hedge fund managers.
Capital Group sells a diverse range of mutual funds, and last year had US$1.4 trillion in assets under management.
