Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Quantitative Analysis

<div><p>The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.</p></div><div><p>There was no report from the SFC this week since Friday was a holiday. The report should be published on Wednesday when markets reopen. For the week from 29 March - 1 April, the highest shorts in notional terms were on <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent Holdings (700 HK)</a>, <a href="https://www.smartkarma.com/entities/tracker-fund-of-hong-kong-ltd" target="_blank" data-smartkarma-citation="entities:29257:1" rel="noopener">Tracker Fund of Hong Kong Ltd (2800 HK)</a>, <a href="https://www.smartkarma.com/entities/ping-an-insurance-grp-co-of-china-ltd" target="_blank" data-smartkarma-citation="entities:12880:1" rel="noopener">Ping An Insurance (H) (2318 HK)</a>, <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> and <a href="https://www.smartkarma.com/entities/baidu-inc-a55ca720-5968-48f0-8194-ac94390d065c" target="_blank" data-smartkarma-citation="entities:32212:1" rel="noopener">Baidu (9888 HK)</a>. </p></div><div><p>In Japan, stocks that saw the most shorts were <a href="https://www.smartkarma.com/entities/base-inc" target="_blank" data-smartkarma-citation="entities:28353:1" rel="noopener">BASE Inc (4477 JP)</a>, <a href="https://www.smartkarma.com/entities/toshiba-corp" target="_blank" data-smartkarma-citation="entities:637:1" rel="noopener">Toshiba Corp (6502 JP)</a>, <a href="https://www.smartkarma.com/entities/gmo-payment-gateway-inc" target="_blank" data-smartkarma-citation="entities:1492:1" rel="noopener">GMO Payment Gateway (3769 JP)</a>, <a href="https://www.smartkarma.com/entities/freee-kk" target="_blank" data-smartkarma-citation="entities:28424:1" rel="noopener">freee (4478 JP)</a> and <a href="https://www.smartkarma.com/entities/sanken-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:6073:1" rel="noopener">Sanken Electric (6707 JP)</a> while shorts decreased on <a href="https://www.smartkarma.com/entities/eneos-holdings-inc" target="_blank" data-smartkarma-citation="entities:638:1" rel="noopener">ENEOS Holdings (5020 JP)</a>, <a href="https://www.smartkarma.com/entities/japan-airport-terminal-co" target="_blank" data-smartkarma-citation="entities:18034:1" rel="noopener">Japan Airport Terminal Co (9706 JP)</a>, <a href="https://www.smartkarma.com/entities/mitsubishi-ufj-lease-finance" target="_blank" data-smartkarma-citation="entities:1467:1" rel="noopener">Mitsubishi UFJ Lease &amp; Finance (8593 JP)</a>, <a href="https://www.smartkarma.com/entities/change-inc" target="_blank" data-smartkarma-citation="entities:27414:1" rel="noopener">Change Inc (3962 JP)</a> and <a href="https://www.smartkarma.com/entities/benext-group" target="_blank" data-smartkarma-citation="entities:17685:1" rel="noopener">BeNEXT Group (2154 JP)</a>. Shorts increased in the Information Technology and Indsutrials sectors, and decreased in the the Energy sector.</p></div><div><p>In Korea, short increased on <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a>, <a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a>, <a href="https://www.smartkarma.com/entities/naver-corp" target="_blank" data-smartkarma-citation="entities:16029:1" rel="noopener">Naver Corp (035420 KS)</a> and <a href="https://www.smartkarma.com/entities/hyundai-motor-co" target="_blank" data-smartkarma-citation="entities:155:1" rel="noopener">Hyundai Motor Co (005380 KS)</a> while shorts decreased on <a href="https://www.smartkarma.com/entities/celltrion-inc" target="_blank" data-smartkarma-citation="entities:991:1" rel="noopener">Celltrion Inc (068270 KS)</a>, <a href="https://www.smartkarma.com/entities/samsung-biologics-co-ltd" target="_blank" data-smartkarma-citation="entities:22932:1" rel="noopener">Samsung Biologics Co., (207940 KS)</a>, <a href="https://www.smartkarma.com/entities/netmarble-corporation" target="_blank" data-smartkarma-citation="entities:22839:1" rel="noopener">Netmarble Corporation (251270 KS)</a> and <a href="https://www.smartkarma.com/entities/posco-chemical-co-ltd" target="_blank" data-smartkarma-citation="entities:12421:1" rel="noopener">Posco Chemical Co Ltd (003670 KS)</a>. </p></div><div><p>Stocks in Taiwan that saw the highest increase in shorts were <a href="https://www.smartkarma.com/entities/inventec-corp" target="_blank" data-smartkarma-citation="entities:20856:1" rel="noopener">Inventec Corp (2356 TT)</a>, <a href="https://www.smartkarma.com/entities/yageo-corporation" target="_blank" data-smartkarma-citation="entities:13212:1" rel="noopener">Yageo Corporation (2327 TT)</a>, <a href="https://www.smartkarma.com/entities/richwave-technology-corp" target="_blank" data-smartkarma-citation="entities:18629:1" rel="noopener">Richwave Technology (4968 TT)</a> and <a href="https://www.smartkarma.com/entities/asia-cement-corp" target="_blank" data-smartkarma-citation="entities:15350:1" rel="noopener">Asia Cement (1102 TT)</a> while shorts were covered on <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">TSMC (2330 TT)</a>, <a href="https://www.smartkarma.com/entities/mediatek-inc" target="_blank" data-smartkarma-citation="entities:772:1" rel="noopener">Mediatek Inc (2454 TT)</a>, <a href="https://www.smartkarma.com/entities/united-microelectronics-corp" target="_blank" data-smartkarma-citation="entities:6450:1" rel="noopener">United Microelectronics Corp (2303 TT)</a> and <a href="https://www.smartkarma.com/entities/au-optronics-corp" target="_blank" data-smartkarma-citation="entities:6704:1" rel="noopener">AU Optronics (2409 TT)</a>. </p></div>

The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.There was no report from the SFC this week since Friday was a holiday. The report should be published on Wednesday when markets reopen. For the week from 29 March - 1 April, the highest shorts in notional terms were on Tencent Holdings (700 HK), Tracker Fund of Hong Kong Ltd (2800 HK), Ping An Insurance (H) (2318 HK), Meituan (3690 HK) and Baidu (9888 HK). In Japan, stocks that saw the most shorts were BASE Inc (4477 JP), Toshiba Corp (6502 JP), GMO Payment Gateway (3769 JP), freee (4478 JP) and Sanken Electric (6707 JP) while shorts decreased on ENEOS Holdings (5020 JP), Japan Airport Terminal Co (9706 JP), Mitsubishi UFJ Lease &amp; Finance (8593 JP), Change Inc (3962 JP) and BeNEXT Group (2154 JP). Shorts increased in the Information Technology and Indsutrials sectors, and decreased in the the Energy sector.In Korea, short increased on Samsung Electronics (005930 KS), SK Hynix (000660 KS), Naver Corp (035420 KS) and Hyundai Motor Co (005380 KS) while shorts decreased on Celltrion Inc (068270 KS), Samsung Biologics Co., (207940 KS), Netmarble Corporation (251270 KS) and Posco Chemical Co Ltd (003670 KS). Stocks in Taiwan that saw the highest increase in shorts were Inventec Corp (2356 TT), Yageo Corporation (2327 TT), Richwave Technology (4968 TT) and Asia Cement (1102 TT) while shorts were covered on TSMC (2330 TT), Mediatek Inc (2454 TT), United Microelectronics Corp (2303 TT) and AU Optronics (2409 TT). 

Asia Short Interest: Tencent, Ping An, Baidu, BASE, Toshiba, GMO Payment, BeNext, Inventec, Mediatek

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<p>A month ago, known active (and occasional activist and concentrated investor) Effissimo Capital Management announced an unsolicited partial Tender Offer to purchase 4,834,343 shares of <a href="https://www.smartkarma.com/entities/sanken-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:6073:1" rel="noopener">Sanken Electric (6707 JP)</a> to take it from 9.97% to 30.00% at ¥5210/share. </p><p>The announcement was deliberately couched in terms to make it seem friendly. Effissimo is not going for negative control, or seeking to interfere with management in any way. They say they just want more stock. </p><p>The shares, which had recently traded from the area of the Tender Offer Price down to sub-¥4500/share, immediately bounced, trading 10% through terms on the first full day of trading after going limit up on Day 1.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/192/998/original/Screenshot+2021-03-09+at+3.51.32+PM.png?1615276314" class="editor-image img-responsive" data-smartkarma-image-id="192998"></figure><p></p></section><p>Since then, <a href="https://www.smartkarma.com/entities/allegro-microsystems" target="_blank" data-smartkarma-citation="entities:29707:1" rel="noopener">Allegro MicroSystems (ALGM US)</a> shares - Sanken's 52% subsidiary which it listed in November (and the key value driver for Sanken Electric), have fallen nearly 20% from just under US$31/share on 8 Feb the day after the announcement to US$25.14 yesterday.</p><p>And Sanken itself has fallen back down to ¥5300/share, ~1.7% above the Tender Offer Price.</p><p>In my first insight on the deal, I did not address "the stub trade" (Sanken's holding in Allegro, which was originally <em>Sanken North America</em>) and where I thought it should trade - as such - in the insight because frankly, it's difficult. The future is tough to predict. </p><p>Below is a brief look at the parameters and the modalities.</p>

A month ago, known active (and occasional activist and concentrated investor) Effissimo Capital Management announced an unsolicited partial Tender Offer to purchase 4,834,343 shares of Sanken Electric (6707 JP) to take it from 9.97% to 30.00% at ¥5210/share. The announcement was deliberately couched in terms to make it seem friendly. Effissimo is not going for negative control, or seeking to interfere with management in any way. They say they just want more stock. The shares, which had recently traded from the area of the Tender Offer Price down to sub-¥4500/share, immediately bounced, trading 10% through terms on the first full day of trading after going limit up on Day 1.Since then, Allegro MicroSystems (ALGM US) shares - Sanken's 52% subsidiary which it listed in November (and the key value driver for Sanken Electric), have fallen nearly 20% from just under US$31/share on 8 Feb the day after the announcement to US$25.14 yesterday.And Sanken itself has fallen back down to ¥5300/share, ~1.7% above the Tender Offer Price.In my first insight on the deal, I did not address "the stub trade" (Sanken's holding in Allegro, which was originally Sanken North America) and where I thought it should trade - as such - in the insight because frankly, it's difficult. The future is tough to predict. Below is a brief look at the parameters and the modalities.

Effissimo, Sanken, and Allegro - Thinking About the Future

<p>Effissimo Capital Management today after the close announced it would launch a partial Tender Offer to purchase up to 4,834,343 shares of <a href="https://www.smartkarma.com/entities/sanken-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:6073:1" rel="noopener">Sanken Electric (6707 JP)</a> to take it from 9.97% to 30.00%. </p><p>It was non-solicited, and Effissimo did not contact the company about it, but the Tender Offer is being presented as very friendly, and only conducted so as to make it more efficient to buy a large volume of stock. </p><p>The Tender Offer is priced at ¥5,205/share - a 17.1% premium to last - and will start 9 February 2021 and go for 30 business days, ending on 24 March 2021.</p><p>Effissimo first showed up on the shareholder register with a large shareholder filing on 19 December 2018 showing a 5.06% position. It reported larger positions in May, June, then July 2019 to get to 9.58%. Their position has always been for the purpose of 純投資 or "pure investment". We do not know Effissimo's in-price, but looking at the chart below, we can suppose it is probably in the ¥2,000-2,500/share range.</p><section class="figure"></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/187/436/original/Screenshot+2021-02-08+at+7.16.40+PM.png?1612783058" class="editor-image img-responsive" data-smartkarma-image-id="187436"></figure><p></p></section><p>Another activist (Oasis) showed up in November 2019 with a 5+% position, with a purpose of "portfolio investment making important proposals", and they upped their stake in February last year to a 6.47% position. It looks like their average is in the ¥2,500-3,000/share range.</p><p>This is going to be interesting. </p><p>So we have analysis, and Ye Olde Arbe Grids below.</p>

Effissimo Capital Management today after the close announced it would launch a partial Tender Offer to purchase up to 4,834,343 shares of Sanken Electric (6707 JP) to take it from 9.97% to 30.00%. It was non-solicited, and Effissimo did not contact the company about it, but the Tender Offer is being presented as very friendly, and only conducted so as to make it more efficient to buy a large volume of stock. The Tender Offer is priced at ¥5,205/share - a 17.1% premium to last - and will start 9 February 2021 and go for 30 business days, ending on 24 March 2021.Effissimo first showed up on the shareholder register with a large shareholder filing on 19 December 2018 showing a 5.06% position. It reported larger positions in May, June, then July 2019 to get to 9.58%. Their position has always been for the purpose of 純投資 or "pure investment". We do not know Effissimo's in-price, but looking at the chart below, we can suppose it is probably in the ¥2,000-2,500/share range.Another activist (Oasis) showed up in November 2019 with a 5+% position, with a purpose of "portfolio investment making important proposals", and they upped their stake in February last year to a 6.47% position. It looks like their average is in the ¥2,500-3,000/share range.This is going to be interesting. So we have analysis, and Ye Olde Arbe Grids below.

Effissimo Launches Unsolicited/Hostile Partial Tender On Sanken Electric

Equity Analyst, LightStream Research

Aqila Ali

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<ul type="disc">
<li>
<a href="https://www.smartkarma.com/entities/rohm-co-ltd" target="_blank" data-smartkarma-citation="entities:2953:1" rel="noopener">Rohm Co Ltd (6963 JP)</a> mainly manufactures ICs and Discrete Semiconductors.</li>
<li>The company has been experiencing a decline in OP and revenue during recent quarters, which, however, is more industry-specific, and seems temporary (until demand across end markets recovers).</li>
</ul>
<ul>
<li>In our opinion, the stock is just starting to price in possible growth, and an attractive upside of 50%+ remains over the next year if top-line growth results in the margin upside that our marginal profitability analysis suggests.</li>
<li>Our expectations are based on the following catalysts:
<ul>
<li>Demand across end markets likely to improve over the next year given the emergence of 5G and the growing demand for automotive semiconductors- we expect a U-shaped recovery in revenue, starting next FY.</li>
<li>The company’s ability to improve margins seems quite evident, as our quantamental analysis implies.</li>
</ul>
</li>
</ul>
<ul class="">
<li>On the other end, we also feel that with the support of its large share buyback, downside risks are limited, giving investors an asymmetric opportunity on ROHM</li>
</ul>



Rohm Co Ltd (6963 JP) mainly manufactures ICs and Discrete Semiconductors.
The company has been experiencing a decline in OP and revenue during recent quarters, which, however, is more industry-specific, and seems temporary (until demand across end markets recovers).


In our opinion, the stock is just starting to price in possible growth, and an attractive upside of 50%+ remains over the next year if top-line growth results in the margin upside that our marginal profitability analysis suggests.
Our expectations are based on the following catalysts:

Demand across end markets likely to improve over the next year given the emergence of 5G and the growing demand for automotive semiconductors- we expect a U-shaped recovery in revenue, starting next FY.
The company’s ability to improve margins seems quite evident, as our quantamental analysis implies.




On the other end, we also feel that with the support of its large share buyback, downside risks are limited, giving investors an asymmetric opportunity on ROHM


2020 High Conviction: ROHM- Potential for Margin Expansion; 5G and CASE Are Key Demand Drivers

<p>This is our first look at <a href="https://www.smartkarma.com/entities/rohm-co-ltd" target="_blank" data-smartkarma-citation="entities:2953:1" rel="noopener">Rohm Co Ltd (6963 JP), </a>a semiconductor company. Our key points are:</p>
<ul class="">
<li>ROHM mainly manufactures ICs and Discrete Semiconductor devices.</li>
<li>Its closest rivals seem to be private companies- hence, we compared the company to its most appropriate peers in the semiconductor industry: <a href="https://www.smartkarma.com/entities/renesas-electronics-corp" target="_blank" data-smartkarma-citation="entities:15933:1" rel="noopener">Renesas Electronics (6723 JP), </a><a href="https://www.smartkarma.com/entities/sanken-electric-co-ltd" target="_blank" data-smartkarma-citation="entities:6073:1" rel="noopener">Sanken Electric (6707 JP), </a><a href="https://www.smartkarma.com/entities/murata-manufacturing-co-ltd" target="_blank" data-smartkarma-citation="entities:11649:1" rel="noopener">Murata Manufacturing (6981 JP), and </a><a href="https://www.smartkarma.com/entities/novatek-microelectronics-corp" target="_blank" data-smartkarma-citation="entities:10904:1" rel="noopener">Novatek Microelectronics Corp (3034 TT)</a>.</li>
<li>The current decline in revenue and OP is similar across peers, given weakening demand conditions as explained in relation to Renesas in <a href="https://www.smartkarma.com/insights/renesas-short-term-gains-may-be-exhausted" target="_blank" data-smartkarma-citation="insights:34669" rel="noopener">Renesas – Short-Term Gains May Be Exhausted</a> by Mio Kato.</li>
<li>ROHM follows the same trend as Sanken and has mostly outperformed Renesas on revenue performance YoY.</li>
<li>A U-Shaped recovery on revenue may be expected, similar to consensus estimates for Sanken, as opposed to the L-shaped recovery we expect for Renesas (<a href="https://www.smartkarma.com/insights/renesas-past-the-bottom-but-expect-an-l-not-u-shaped-recovery" target="_blank" data-smartkarma-citation="insights:31584" rel="noopener">Renesas: Past the Bottom but Expect an L, Not U-Shaped Recovery</a>).</li>
<li>Long-term growth prospects are attractive, with product development plans that focus on the automotive semiconductor market, which seems to be the strongest growth driver for semiconductor companies.</li>
<li>Our quantamental analysis on segmental profitability indicates significant potential for margin expansion, over the long term.</li>
<li>OPM is likely to recover by FY03/21, and the trend after is likely to be steady increases rather than huge jumps.</li>
<li>It has a strong balance sheet, as discussed in SmartKarma ( <a href="https://www.smartkarma.com/insights/rohm-buyback-cb-debt-and-capital-restructuring-the-headline-is-better-than-the-fact" target="_blank" data-smartkarma-citation="insights:34619" rel="noopener">Rohm Buyback, CB (Debt), and Capital Restructuring - The Headline Is Better Than The Fact</a> by <a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener">Travis Lundy, </a><a href="https://www.smartkarma.com/insights/rohm-6963-jp-long-term-investment-in-automotive-industrial-ics-1" target="_blank" data-smartkarma-citation="insights:17585" rel="noopener">Rohm (6963 JP): Long-Term Investment in Automotive &amp; Industrial ICs (1)</a><a href="https://www.smartkarma.com/profiles/scott-foster" target="_blank" data-smartkarma-citation="accounts:1134" rel="noopener">Scott Foster</a><a href="https://www.smartkarma.com/profiles/travis-lundy" target="_blank" data-smartkarma-citation="accounts:25" rel="noopener"> by </a>Insights).</li>
<li>Trades at 30.3x FY03/20E, close to its 86<sup>th</sup> percentile. However, on a relative basis (especially with Sanken), we feel that the company is reasonably valued and could prove to be a worthy investment over the long term.</li>
</ul>

This is our first look at Rohm Co Ltd (6963 JP), a semiconductor company. Our key points are:

ROHM mainly manufactures ICs and Discrete Semiconductor devices.
Its closest rivals seem to be private companies- hence, we compared the company to its most appropriate peers in the semiconductor industry: Renesas Electronics (6723 JP), Sanken Electric (6707 JP), Murata Manufacturing (6981 JP), and Novatek Microelectronics Corp (3034 TT).
The current decline in revenue and OP is similar across peers, given weakening demand conditions as explained in relation to Renesas in Renesas – Short-Term Gains May Be Exhausted by Mio Kato.
ROHM follows the same trend as Sanken and has mostly outperformed Renesas on revenue performance YoY.
A U-Shaped recovery on revenue may be expected, similar to consensus estimates for Sanken, as opposed to the L-shaped recovery we expect for Renesas (Renesas: Past the Bottom but Expect an L, Not U-Shaped Recovery).
Long-term growth prospects are attractive, with product development plans that focus on the automotive semiconductor market, which seems to be the strongest growth driver for semiconductor companies.
Our quantamental analysis on segmental profitability indicates significant potential for margin expansion, over the long term.
OPM is likely to recover by FY03/21, and the trend after is likely to be steady increases rather than huge jumps.
It has a strong balance sheet, as discussed in SmartKarma ( Rohm Buyback, CB (Debt), and Capital Restructuring - The Headline Is Better Than The Fact by Travis Lundy, Rohm (6963 JP): Long-Term Investment in Automotive &amp; Industrial ICs (1)Scott Foster by Insights).
Trades at 30.3x FY03/20E, close to its 86th percentile. However, on a relative basis (especially with Sanken), we feel that the company is reasonably valued and could prove to be a worthy investment over the long term.


ROHM: Asymmetric Opportunity, Quantamental Analysis Indicates Potential For Margin Expansion

Japan

Sanken Electric Co., Ltd. manufactures and sells discrete semiconductors such as diodes and transistors, and analog integrated circuits.  The Company also manufactures various kinds of adapters and surge/transient protectors.

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Sanken Electric (6707 JP)

Asia Short Interest: Tencent, Ping An, Baidu, BASE, Toshiba, GMO Payment, BeNext, Inventec, Mediatek

The Insight looks at large short interest movements across HK, Japan, Korea and Taiwan stocks and highlights large increases/decreases in shorts to...

Brian Freitas

Effissimo, Sanken, and Allegro - Thinking About the Future

Effissimo launched a partial tender for Sanken (6707) and it went through terms as people noted the "stub trade" for Allegro Microsystems. It's...

Travis Lundy

Effissimo Launches Unsolicited/Hostile Partial Tender On Sanken Electric

Effissimo launches a friendly-ish unsolicited (therefore "hostile") partial offer to buy 20% of Sanken Electric. It is "pure investment" but Sanken...

Travis Lundy

2020 High Conviction: ROHM- Potential for Margin Expansion; 5G and CASE Are Key Demand Drivers

Rohm Co Ltd (6963 JP) mainly manufactures ICs and Discrete Semiconductors. The company has been experiencing a decline in OP and revenue during...

Aqila Ali

ROHM: Asymmetric Opportunity, Quantamental Analysis Indicates Potential For Margin Expansion

This is our first look at Rohm Co Ltd (6963 JP), a semiconductor company. Our key points are: ROHM mainly manufactures ICs and Discrete...

Aqila Ali

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)