Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/asahi-holdings-inc" target="_blank" data-smartkarma-citation="entities:11527:1" rel="noopener">Asahi Holdings (5857 JP)</a> share price rose 30% in a month after our last insight. Nothing was wrong with the company and result was great. </li>
<li>The stock will go ex-dividend next month, but the share price appreciation has beaten the dividend amount of 3.5%. Worth protecting the capital gain. </li>
<li>It generates one of the highest ROIC at 10% against the peers and trades at the lower end of the spectrum. </li>
</ul>



Asahi Holdings (5857 JP) share price rose 30% in a month after our last insight. Nothing was wrong with the company and result was great. 
The stock will go ex-dividend next month, but the share price appreciation has beaten the dividend amount of 3.5%. Worth protecting the capital gain. 
It generates one of the highest ROIC at 10% against the peers and trades at the lower end of the spectrum. 


ARE/Asahi Holdings (5857): Take Some of Your Profit Now.

Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

<ul><li>Revenue reached JPY197.2bn, a 43.8% YoY increase, with operating profit at JPY12.3bn, up 106.8% YoY.</li><li>Precious Metals business saw YoY operating profit growth due to increased gold and palladium recovery volumes.</li><li>Environmental Preservation business equity earnings rose YoY; further details pending from interview and briefing session.</li></ul>

Revenue reached JPY197.2bn, a 43.8% YoY increase, with operating profit at JPY12.3bn, up 106.8% YoY.Precious Metals business saw YoY operating profit growth due to increased gold and palladium recovery volumes.Environmental Preservation business equity earnings rose YoY; further details pending from interview and briefing session.

Asahi Holdings (5857 JP): Q1 FY 03/27 flash update

<ul>
<li>The FY 2026 result looks good despite the volatile gold price. </li>
<li>Channel checks on the customers confirmed no changes in the demand. In fact, the regulatory requirement is severe, a penalty of up to 5% global turnover. </li>
<li>The weaker share price represents a buying opportunity rather than a sale. </li>
</ul>


The FY 2026 result looks good despite the volatile gold price. 
Channel checks on the customers confirmed no changes in the demand. In fact, the regulatory requirement is severe, a penalty of up to 5% global turnover. 
The weaker share price represents a buying opportunity rather than a sale. 


<ul>
<li>
<a href="https://www.smartkarma.com/entities/asahi-holdings-inc" target="_blank" data-smartkarma-citation="entities:11527:1" rel="noopener">Asahi Holdings (5857 JP)</a>  was selected for a major large-scale growth investment subsidy by the Japanese government. </li>
<li>The Taiwanese government has approved <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)</a> plan to upgrade its Japan fab to the 3 nm process, benefiting ARE Holdings. </li>
<li>While earnings have improved, share price lowered—making this a better entry point to own a circular economy part of high growth semi conductor AI story. </li>
</ul>



Asahi Holdings (5857 JP)  was selected for a major large-scale growth investment subsidy by the Japanese government. 
The Taiwanese government has approved TSMC (Taiwan Semiconductor Manufacturing) (2330 TT) plan to upgrade its Japan fab to the 3 nm process, benefiting ARE Holdings. 
While earnings have improved, share price lowered—making this a better entry point to own a circular economy part of high growth semi conductor AI story. 


ARE Holdings (5857): Beneficiary of a More Complex Product

<ul>
<li>The result is better than expected; the management has also capitalized on this high gold price event to improve their operational capabilities, resulting in margin expansion </li>
<li>
<a href="https://www.smartkarma.com/entities/asahi-holdings-inc" target="_blank" data-smartkarma-citation="entities:11527:1" rel="noopener">Asahi Holdings (5857 JP)</a> business is not only in the precious metals recycling but also in the jewelry and dental besides electronics, which really calls for the name "urban mining."  </li>
<li>The shift in preferences to use recycled gold with conflict-free certification by the large semiconductor players has just started; thus, it has more legs. </li>
</ul>


The result is better than expected; the management has also capitalized on this high gold price event to improve their operational capabilities, resulting in margin expansion 

Asahi Holdings (5857 JP) business is not only in the precious metals recycling but also in the jewelry and dental besides electronics, which really calls for the name "urban mining."  
The shift in preferences to use recycled gold with conflict-free certification by the large semiconductor players has just started; thus, it has more legs. 


Japan

Asahi Holdings, Inc. is a holding company established by Asahi Pretec Corp. The Company collects and recycles precious and rare metals from dental, electronic and jewelry materials. Asahi Holdings engages in environmental protection business and offers total solutions for industrial waste treatment.

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Asahi Holdings (5857 JP)

ARE/Asahi Holdings (5857): Take Some of Your Profit Now.

Asahi/ARE holdings share price ran up 30% last month, ahead of gold price and topix performance. Operating data was great and dividend is coming...

Henry Soediarko