JX Advance Metals IPO - Digestable, but Not Really Attractive
JX Advanced Metals (5016 JP)’s parent, ENEOS Holdings (5020 JP), is looking to raise around US$2.5bn via selling more than half of its stake in...
753 Views
JX Advance Metals Pre-IPO - Thoughts on Valuation
JX Advanced Metals (5016 JP)’s parent, ENEOS Holdings (5020 JP), is looking to raise around US$2.6bn in its Japan IPO. In this note, we talk about...
582 Views
Screen Holdings (7735 JP): 25%+ Upside Potential
FY Mar-25 guidance been raised and growth to continue in FY Mar-26 with capex up at TSMC and strong sales in China. Die shrinks driving demand for...
825 Views
Tokyo Electron (TEL): Maintains Its FY25 Guidance and Provides a Cautious 2025 Outlook
Japanese SPE firms are cautious about 2025, with TSMC and HBM Capex as bright spots, while Intel and Samsung Logic Capex declines. Tokyo...
655 Views
SCREEN: Moderate ~teens Growth Outlook but the Stock Is Cheap
China impact on Dec-24, weaker Mar-25, FY26 growth from TSMC/HBM. Accounting concerns resolved, stock appreciating. Low valuations at 11x FY26...
570 Views