Risks Ahead for Japanese Trading Companies. Marubeni, Mitsui, Sumitomo, Mitsubishi
The investment thesis is starting to work as the reasoning behind the trade is playing out as the Japanese Yen strengthens.
891 Views
MitCorp (8058 JP) Earnings and Buyback - Shareholder Structure Matters
MitCorp announced good earnings, a lower FY23 forecast (expected as commodity-related over-profitability falls back), and a large buyback. It is...
695 Views
Japan Infrastructure Fund (9287JP): Mizuho Leasing (8425 JP)’s Tender Offer Is Light but Likely Done
The offer is light, as it is below book value and the midpoint of the IFA-adjusted book valuation range. However, a dispersed shareholder register...
434 Views
Maynilad Water Services IPO Trading - Main Peer Has Corrected, Still at a Yield Discount
Maynilad Water Services (MWS) raised around US$520m in its Philippines IPO. In this note, we talk about the trading dynamics.
340 Views
First Pacific (142 HK): Maynilad's IPO (Now With Prospectus Numbers)
This insight is largely a rehash of yesterday's note, together with updated numbers applying prospectus figures. I thought this warranted a fresh...
413 Views