Rakuten Group (Neutral) - Q3 21 Results Reaction: Record Mobile Losses with Mixed Results Elsewhere
Accelerating mobile losses, which are unlikely to inflect until Q2 next year, overshadow progress in core segments (eCommerce looked good, fintech...
297 Views
Softbank Corp (Buy) - Q2 21 Results Reaction: Consumer Mobile Weakness Accelerates
Q2 results were mixed with revenue in line but operating profit weaker despite Yahoo Japan upside. Internet exposure helps but mobile pricing...
216 Views
KDDI (Buy) - Q2 21 Results Reaction: Mobile Declines Outpace New Growth Drivers
Q2 results were mixed with accelerating erosion in consumer mobile outpacing growth from VAS and corporate sales. But management appears confident...
159 Views
Japan Post Holdings Placement - The Final US$8bn Countdown - Shaping up Better than the Last Deal
The Japanese government plans to sell over 26% or US$8bn worth of Japan Post Holdings (6178 JP). In this note, we will talk about the updates and...
442 Views
PHC Holdings IPO Trading - Needs to Start Acting like One Company to Move Higher
PHC Holdings and its shareholders raised around US$645m, via selling a mix of primary and secondary shares in its Japan IPO. In this note, we will...
451 Views