JAPAN FLOW I: The BOJ's New ETF Buying
Last Thursday, the BOJ announced the results of its Monetary Policy Committee meeting for July. It was a "late" announcement, coming at 12:45, and...
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Risk on Maturing in March
Our March risk on rally cycle remains intact but maturing with a concentration in our copper/energy theme. Emerging markets are our perform bet...
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Kobelco (5406.T) – Diversified Japanese Industrial with Stable Steel and Engineering Exposure
Kobelco's strong performance driven by stable steel demand and overseas orders, with potential risks in steel margin volatility and project delays.
363 Views
JFE Holdings (5411 JP) – Soft Q1 Priced In; Compelling Upside from Lowest EV/Ton in Peers
Q1 FY2025 saw Steel swing to losses, recovery hinges on H2. Earnings estimates stable with volume growth expected by FY28. JFE trades at discount,...
432 Views
JFE Holdings (5411 JP) – Stable Core, Strategic JSW Stake, and Deep-Value Opportunity
JFE Holdings sees peak earnings in FY22, plans investments in decarbonization and product upgrades to sustain competitiveness, trading at a...
609 Views