2024 SOHN Conference Stock Pitches

Seth Fischer, Oasis Management

Investment Idea: Kao

There’s an underappreciated buying opportunity in Japanese global chemicals company Kao, according to Seth Fischer, founder and CIO at Oasis Management.

Kao, the company behind Biore, Curel and other cosmetics brands, has an attractive portfolio of products that have yet to realize their full potential, Fischer said. This can be changed with more global marketing initiatives, he noted.

The Japanese stock is flat on the year, even as the Nikkei 225 is higher by more than 17% as the Japanese index scaled fresh all-time highs this year.

“They have great technology, many interesting products, but they have yet to translate that into any sort of growth mindset,” Fischer said. “But we think it’s a Sleeping Beauty.”