Primer: Komatsu Ltd (6301 JP) - Sep 2025
Komatsu is the world's second-largest manufacturer of construction and mining equipment, commanding a strong market position globally and a...
92 Views
Sany Heavy Industries A/H Trading - Strong Insti, Weak Retail. Pricing Still Tight
Sany Heavy Industry (600031 CH), raised around US$2.0bn in its H-share listing. In this note, we talk about the trading dynamics.
548 Views
Sany Heavy Industries A/H IPO Pricing - Thoughts on Valuations
Sany Heavy Industry (600031 CH) aims to raise around US$1.6bn in its H-share listing. In this note, we talk about the IPO pricing.
783 Views
Mitsubishi Logisnext (7105 JP): JIP’s Takeunder Offer
The offer is light in comparison to peer multiples and is below the midpoint of the target IFA DCF valuation. However, the low required tendering...
957 Views
Kawasaki Heavy (7012 JP): Recovery Done, Eyes on Hydrogen, Aerospace, and Margin Upside
​KHI bounces back with record profits in FY25, fueled by aerospace and energy sectors, poised for 5-6% growth driven by hydrogen and automation,...
549 Views