Japan Morning Connection: US Semis and Tech Set a Bullish Tone for Japan's SPE Majors
US semiconductors and tech related setting a bullish tone for JP SPE. Steep drop in oil to hit Japex, Index and refiners. Fujitsu may face downside...
503 Views
Japan Morning Connection: Risk-On Sentiment and Yen Weakness to Drive the NKY Higher
​Risk on sentiment ahead of CPI print and yen weakness to drive up NKY, gains during Chinese Golden week bode well for Isetan Mutsukoshi, Cat 5...
366 Views
Japan Morning Connection: Oil Through $80 While P&C Take a Hit on Hurricane Milton
​Positive sales numbers and new product launches from SMCI could benefit Nidec; P&C weakness expected due to Hurricane Milton; Oil above $80...
340 Views
Tokyo Metro IPO - Will Price at the Top, but Isn’t Particularly Cheap
Tokyo Metro (9023 JP)'s shareholders aim to raise up to US$2.4bn in its Japan IPO. In this note, we look at the valuation in the IPO price range.
638 Views
Tokyo Metro IPO - Thoughts on Valuation
The price range for the IPO has now been set at JPY1,100-1,200/share, which still looks fairly attractive in our view and would provide a good yield.
831 Views