Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

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

Macroeconomics

<ul>
<li>LDP won just 191 seats (down 68) and Komeito 24 (down 8), marking a decisive end to the 12-year "Abe Shinzo era" of renewed LDP dominance of Japan's polity. </li>
<li>The putative coalition of the CDPJ and centre-left parties have 185 seats, plus 8 for the Japan Communist Party. Big gains for the centre-left, but insufficient to form a government. </li>
<li>The Japan Innovation Party (Ishin) holds the balance of power, with 38 seats. It's ideologically closer to LDP, but ruled out joining it, so a disjointed non-LDP coalition is likely. </li>
</ul>


LDP won just 191 seats (down 68) and Komeito 24 (down 8), marking a decisive end to the 12-year "Abe Shinzo era" of renewed LDP dominance of Japan's polity. 
The putative coalition of the CDPJ and centre-left parties have 185 seats, plus 8 for the Japan Communist Party. Big gains for the centre-left, but insufficient to form a government. 
The Japan Innovation Party (Ishin) holds the balance of power, with 38 seats. It's ideologically closer to LDP, but ruled out joining it, so a disjointed non-LDP coalition is likely. 


Japan: LDP-Komeito Lose Their Abe-Era Majority; Political Uncertainty Ahead

Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Learn how companies work from the people who know them best. We do deep research and interview industry veterans, investment professionals, and corporate executives to explain the inner workings of public stocks and private businesses. For each company, we break down their history, business model, financial statements, secret sauce, and bull/bear case. We believe every business has lessons to teach us and Breakdowns is here to highlight them. Learn more and stay up to date at www.joincolossus.com.

Cross Asset Strategy

<ul><li>Introduction to new investment strategy: activism in Japan</li><li>Potential for high returns with unique approach to investing</li><li>Evolution of opportunity in Japan and potential for success due to increasing pro-shareholder culture</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Introduction to new investment strategy: activism in JapanPotential for high returns with unique approach to investingEvolution of opportunity in Japan and potential for success due to increasing pro-shareholder cultureThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Going Activist in Japan - [Business Breakdowns, EP.185]

Podcast by Ted Seides on Capital Allocators, Capital Allocators

Capital Allocators

Podcast by Ted Seides on Capital Allocators

Allocator and asset management expert, Ted Seides, conducts in-depth interviews with leaders in the institutional investing industry. Guests include Chief Investment Officers from leading allocators, asset managers, strategists, thought leaders, and many more. Our mission is to learn, share, and help implement the process of premier investors.

<ul><li>Toby Rhodes became interested in Japan due to his grandfather's stories about the country and its culture</li><li>Toby is the co-founder and managing partner of Konami Capital, a value and quality oriented manager of small cap Japanese equities</li><li>He discusses the past false starts of Japanese activism, recent changes in corporate governance, and Konami's process for taking advantage of opportunities in the Japanese market</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Toby Rhodes became interested in Japan due to his grandfather's stories about the country and its cultureToby is the co-founder and managing partner of Konami Capital, a value and quality oriented manager of small cap Japanese equitiesHe discusses the past false starts of Japanese activism, recent changes in corporate governance, and Konami's process for taking advantage of opportunities in the Japanese marketThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Toby Rodes - Unlocking Value in Japan (EP.407)

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tokyo-metro" target="_blank" data-smartkarma-citation="entities:40930:1" rel="noopener">Tokyo Metro (TKYMETRO JP)</a>’s shareholders, the Japanese and Tokyo Metropolitan Governments, could look to raise up to US$2bn by selling half of their stake via an IPO.</li>
<li>Tokyo Metro is one of the two metro network operators in the Tokyo region. It operates nine subway lines.</li>
<li>In this note, we take an early look at the possible listing.</li>
</ul>



Tokyo Metro (TKYMETRO JP)’s shareholders, the Japanese and Tokyo Metropolitan Governments, could look to raise up to US$2bn by selling half of their stake via an IPO.
Tokyo Metro is one of the two metro network operators in the Tokyo region. It operates nine subway lines.
In this note, we take an early look at the possible listing.


Tokyo Metro IPO Early Look - Could Raise Around US$2bn While Still Recovering from COVID

<ul>
<li>
<a href="https://www.smartkarma.com/entities/colowide-co-ltd" target="_blank" data-smartkarma-citation="entities:13967:1" rel="noopener">Colowide Co Ltd (7616 JP)</a> aims to raise around US$230m in order to fund its prospective M&amp;A transactions over the next few years</li>
<li>While the company has undertaken a number of M&amp;A transactions in the past, it hasn’t clearly stated its intended targets for this round.</li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>



Colowide Co Ltd (7616 JP) aims to raise around US$230m in order to fund its prospective M&amp;A transactions over the next few years
While the company has undertaken a number of M&amp;A transactions in the past, it hasn’t clearly stated its intended targets for this round.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Colowide Placement - Needs a Very Large Correction

Japan

iShares MSCI Japan ETF is an exchange-traded fund incorporated in the USA. The ETF's objective seeks to provide investment results that correspond to the performance of the Japanese market, as measured by the MSCI Japan Index. The ETF invests in a representative sample of index stocks in a variety of sectors using a market cap weighted "portfolio sampling" technique.

iShares MSCI Japan ETF (EWJ US)

Japan: LDP-Komeito Lose Their Abe-Era Majority; Political Uncertainty Ahead

LDP-Komeito have 215 seats, 18 short of a majority. CDPJ and centre-left have 185 seats. JIP holds balance of power with 38. Political uncertainty...

Prasenjit K. Basu

Going Activist in Japan - [Business Breakdowns, EP.185]

Public.com is offering a high yield on bond accounts, while the Business Breakdowns podcast discusses activism in Japan as a compelling investment...

Business Breakdowns

Toby Rodes - Unlocking Value in Japan (EP.407)

Impressed by Michael and Ten East Co., advisor and investor discusses Japanese investment opportunities and upcoming Capital Allocators University...

Capital Allocators

Tokyo Metro IPO Early Look - Could Raise Around US$2bn While Still Recovering from COVID

The company has now officially filed to raise around US$2.3bn in its IPO next month, which will make it the largest IPO in Japan since 2018.

Sumeet Singh

Colowide Placement - Needs a Very Large Correction

Colowide Co Ltd (7616 JP) aims to raise around US$230m in order to fund its prospective M&A transactions over the next few years

Sumeet Singh