Primer: Komatsu Ltd (6301 JP) - Sep 2025
Komatsu is the world's second-largest manufacturer of construction and mining equipment, commanding a strong market position globally and a...
108 Views
Toyota Industries (6201 JP): Elliott Ramps up the Pressure
The disclosure is likely a tactic to pressure Toyota Fudosan (offeror) and also a useful signalling tactic to other minorities that Elliott has...
602 Views
Sany Heavy Industries A/H Trading - Strong Insti, Weak Retail. Pricing Still Tight
Sany Heavy Industry (600031 CH), raised around US$2.0bn in its H-share listing. In this note, we talk about the trading dynamics.
557 Views
Sany Heavy Industries A/H IPO Pricing - Thoughts on Valuations
Sany Heavy Industry (600031 CH) aims to raise around US$1.6bn in its H-share listing. In this note, we talk about the IPO pricing.
796 Views
Mitsubishi Logisnext (7105 JP): JIP’s Takeunder Offer
The offer is light in comparison to peer multiples and is below the midpoint of the target IFA DCF valuation. However, the low required tendering...
999 Views