IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/japan-post-bank-co-ltd" target="_blank" data-smartkarma-citation="entities:838:1" rel="noopener">Japan Post Bank (7182 JP)</a> has announced a secondary offering of up to 416.1 million shares (including overallotment), worth around US$4.2 billion.</li>
<li>The offering includes a ToSTNeT-3 and an on-market buyback. Including the overallotment, <a href="https://www.smartkarma.com/entities/japan-post-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:359:1" rel="noopener">Japan Post Holdings (6178 JP)</a> will reduce its stake from 61.50% to 50.00% of voting rights. </li>
<li>Understanding the potential offer price requires looking at JPH's past sales and recent large Japanese placements. The pricing date is likely 10 March.</li>
</ul>



Japan Post Bank (7182 JP) has announced a secondary offering of up to 416.1 million shares (including overallotment), worth around US$4.2 billion.
The offering includes a ToSTNeT-3 and an on-market buyback. Including the overallotment, Japan Post Holdings (6178 JP) will reduce its stake from 61.50% to 50.00% of voting rights. 
Understanding the potential offer price requires looking at JPH's past sales and recent large Japanese placements. The pricing date is likely 10 March.


Japan Post Bank (7182 JP): A US$4.2 Billion Secondary Offering

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>Trump Adminstration Gearing Up to Further Restrict China's Access to Chip Technology -- Could Restrict Servicing of Existing Equipment</li>
<li>Foxconn and Honda: Could This Be a New Alliance in EV Manufacturing?</li>
<li>TSMC (2330.TT; TSM.US): Will TSMC Work on Intel Foundry Services? There Are Three Paradoxes... </li>
</ul>


Trump Adminstration Gearing Up to Further Restrict China's Access to Chip Technology -- Could Restrict Servicing of Existing Equipment
Foxconn and Honda: Could This Be a New Alliance in EV Manufacturing?
TSMC (2330.TT; TSM.US): Will TSMC Work on Intel Foundry Services? There Are Three Paradoxes... 


Taiwan Tech Weekly: Trump's New China Chip Restrictions; Foxconn & Honda Alliance?; TSMC & Intel

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul><li>Honda-Nissan merger and Renault-Geely alliance shake up auto industry landscape, causing speculation and uncertainty.</li><li>AI technology leading to increased demand for edge computing and device upgrades due to affordable costs and improved efficiency.</li><li>Liquid-cooled fast charging technology set to revolutionize EV charging by 2025, allowing for ultrafast charging speeds. Tesla's India factory plans criticized by Trump. Grok 3 drives spike in AI server demand.</li></ul>

Honda-Nissan merger and Renault-Geely alliance shake up auto industry landscape, causing speculation and uncertainty.AI technology leading to increased demand for edge computing and device upgrades due to affordable costs and improved efficiency.Liquid-cooled fast charging technology set to revolutionize EV charging by 2025, allowing for ultrafast charging speeds. Tesla's India factory plans criticized by Trump. Grok 3 drives spike in AI server demand.

Tech Supply Chain Tracker (21-Feb-2025): Honda-Nissan merger drama as Renault strengthens ties.

Hon Hai Precision Industry / Equity Bottom-Up

<ul><li>Honda and Nissan cancel US$60 billion merger due to restructuring clashes, impacting future strategic moves by both companies.</li><li>CXMT progresses to 16nm DRAM production and shifts focus to 15nm development for technological advances in the future.</li><li>DeepSeek emerges as a strong AI player in China, intensifying competition for Apple in the technology market, while the US exit from the Paris Agreement raises concerns globally.</li></ul>

Honda and Nissan cancel US$60 billion merger due to restructuring clashes, impacting future strategic moves by both companies.CXMT progresses to 16nm DRAM production and shifts focus to 15nm development for technological advances in the future.DeepSeek emerges as a strong AI player in China, intensifying competition for Apple in the technology market, while the US exit from the Paris Agreement raises concerns globally.

Tech Supply Chain Tracker (14-Feb-2025): Honda, Nissan cancel $60B merger amid clash.

<ul><li>Sumco to stop silicon wafer production at Miyazaki plant by 2026, impacting supply chain for semiconductor industry.</li><li>MediaTek experiences revenue spike in January due to tariff uncertainty and Chinese subsidies, indicating potential market volatility.</li><li>Pegatron maintains consistent performance in January amid transition period, highlighting company stability.</li></ul>

Sumco to stop silicon wafer production at Miyazaki plant by 2026, impacting supply chain for semiconductor industry.MediaTek experiences revenue spike in January due to tariff uncertainty and Chinese subsidies, indicating potential market volatility.Pegatron maintains consistent performance in January amid transition period, highlighting company stability.

Tech Supply Chain Tracker (12-Feb-2025): Sumco to cease Miyazaki plant's wafer production by 2026.

Japan

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, and power products such as generators and farm machinery. The Company also operates a financial credit business.  Honda Motor has manufacturing facilities in the US, Canada, the UK, France, Italy, Spain, Brazil, Mexico, India, and Thailand.

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Honda Motor Co Ltd (Adr) (HMC US)

Japan Post Bank (7182 JP): A US$4.2 Billion Secondary Offering

Understanding the potential offer price requires looking at JPH's past sales and recent large Japanese placements. The pricing date is likely 10...

Arun George

Taiwan Tech Weekly: Trump's New China Chip Restrictions; Foxconn & Honda Alliance?; TSMC & Intel

Trump Admin preparing to further limit China's chip access; Foxconn and Honda potentially teaming up for EVs; TSMC considering Intel foundry...

Vincent Fernando, CFA

Tech Supply Chain Tracker (21-Feb-2025): Honda-Nissan merger drama as Renault strengthens ties.

The auto industry is in flux with the Honda-Nissan merger drama, Renault-Geely alliance, and Trump's criticism of Tesla, while AI, edge computing,...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (14-Feb-2025): Honda, Nissan cancel $60B merger amid clash.

Honda and Nissan call off US$60 billion merger, CXMT advances in DRAM production, DeepSeek challenges Apple in AI market, US withdraws from Paris...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (12-Feb-2025): Sumco to cease Miyazaki plant's wafer production by 2026.

Sumco to cease silicon wafer production in Miyazaki by 2026, MediaTek revenue up in January, Pegatron steady amid transition, Trump imposes steel...

Tech Supply Chain Tracker

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan Post Bank (7182 JP): A US$4.2 Billion Secondary Offering

Understanding the potential offer price requires looking at JPH's past sales and recent large Japanese placements. The pricing date is likely 10...

Arun George

Taiwan Tech Weekly: Trump's New China Chip Restrictions; Foxconn & Honda Alliance?; TSMC & Intel

​Trump Admin preparing to further limit China's chip access; Foxconn and Honda potentially teaming up for EVs; TSMC considering Intel foundry...

Vincent Fernando, CFA

Tech Supply Chain Tracker (21-Feb-2025): Honda-Nissan merger drama as Renault strengthens ties.

The auto industry is in flux with the Honda-Nissan merger drama, Renault-Geely alliance, and Trump's criticism of Tesla, while AI, edge computing,...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (14-Feb-2025): Honda, Nissan cancel $60B merger amid clash.

Honda and Nissan call off US$60 billion merger, CXMT advances in DRAM production, DeepSeek challenges Apple in AI market, US withdraws from Paris...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (12-Feb-2025): Sumco to cease Miyazaki plant's wafer production by 2026.

Sumco to cease silicon wafer production in Miyazaki by 2026, MediaTek revenue up in January, Pegatron steady amid transition, Trump imposes steel...

Tech Supply Chain Tracker

Trump Admin preparing to further limit China's chip access; Foxconn and Honda potentially teaming up for EVs; TSMC considering Intel foundry...