T. Rowe Price Japan Fund Comments on Oriental Land Co.

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Jun 19, 2020

We also established a position in Oriental Land Company (TSE:4661, Financial), the operator of Tokyo Disney Resort. The stock plunged during the coronavirus crisis and the resultant impact on tourism. We believe the stock trades at an attractive valuation, based on the value of its real estate and earnings growth potential. Near-term volatility provided an attractive entry point with our long-term investment horizon.

From the T. Rowe Price Japan Fund (Trades, Portfolio)'s 2020 semi-annual shareholder letter.