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.
310 Views
US: You Ain't Seen Nothin' yet on the Impact of the Trump Tariffs
​China share of US imports to halve in 2025 vs 7 years ago, with ASEAN (mainly Vietnam) gaining. Tariff impact only begins now: exports to slow...
392 Views
Merger Arb Mondays (15 Sep) - Santos, Soft99, Technopro, Mandom, Shengjing Bank, Dongfeng Motor
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
554 Views
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...
424 Views
China’s Steel Curbs + Asian Safeguards: Pricing Tailwinds for Premium Mills
​China's steel exports surge, prompting trade-defense actions; Indian and Japanese/Korean mills benefit from tightening supply.
399 Views