USD/JPY Macro Low and Fresh Position Webcast
Chartonics flash Tuesday 30 August 2016USD/JPY macro low and position update webcastWe have made a USD bull case from JPY 100 or 95 if we broke...
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Daido Steel – Specialty Strength with Strategic Upside
Japanese specialty steelmaker focusing on high-margin growth products like stainless steel, magnets, and aerospace forgings, but faces risks from...
516 Views
Sanyo Special Steel (5481 JP): Nippon Steel (5401 JP)’s Light Tender Offer Begs for Activism
The offer is light, implying a P/B of 0.67x, below the midpoint of the IFA DCF range and unattractive compared to peer multiples. This needs...
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Daido Steel Partial Tender Offer to Go to 50+% on Nippon Seisen (5659) Subsidiary
Daido Steel announced a small tender to buy 7-8% of Nippon Seisen to take them from 43% to 50-51% of the shares. That is about 22% of Real World...
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Nippon Steel Aiming at 51% of Sanyo Special Steel
On 1 February 2016, there was a press release from Nippon Steel & Sumitomo Metal Corp (5401 JP) ("NSSMC") titled Commencement of Discussions...
632 Views