Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Quantitative Analysis

<div><p>The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.</p></div><div><p>The SFC has not yet published the short sell position report for Hong Kong for the week ended 25 September. We will cover that in our next update or in a discussion to this Insight.</p></div><div><p>Japan saw increase in short positions on <a href="https://www.smartkarma.com/entities/fast-retailing-co-ltd" target="_blank" data-smartkarma-citation="entities:751:1" rel="noopener">Fast Retailing (9983 JP)</a>, <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a>, <a href="https://www.smartkarma.com/entities/bridgestone-corp" target="_blank" data-smartkarma-citation="entities:8914:1" rel="noopener">Bridgestone Corp (5108 JP)</a> and <a href="https://www.smartkarma.com/entities/hitachi-transport-system-ltd" target="_blank" data-smartkarma-citation="entities:2395:1" rel="noopener">Hitachi Transport System (9086 JP)</a> while there was short covering on <a href="https://www.smartkarma.com/entities/softbank-corp" target="_blank" data-smartkarma-citation="entities:27445:1" rel="noopener">Softbank Corp (9434 JP)</a>, <a href="https://www.smartkarma.com/entities/komatsu-ltd" target="_blank" data-smartkarma-citation="entities:8416:1" rel="noopener">Komatsu Ltd (6301 JP)</a>, <a href="https://www.smartkarma.com/entities/yamato-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:2:1" rel="noopener">Yamato Holdings (9064 JP)</a> and <a href="https://www.smartkarma.com/entities/lasalle-logiport-reit" target="_blank" data-smartkarma-citation="entities:22658:1" rel="noopener">Lasalle Logiport REIT (3466 JP)</a>. Sectorally, short increased in Consumer Discretionary, Consumer Staples and Information Technology, and were covered in Communication Services.</p></div><div><p>Stocks in Korea that saw the most short covering were <a href="https://www.smartkarma.com/entities/netmarble-corporation" target="_blank" data-smartkarma-citation="entities:22839:1" rel="noopener">Netmarble Corporation (251270 KS)</a>, <a href="https://www.smartkarma.com/entities/celltrion-inc" target="_blank" data-smartkarma-citation="entities:991:1" rel="noopener">Celltrion Inc (068270 KS)</a>, <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> and <a href="https://www.smartkarma.com/entities/shinpoong-pharmaceutical-co-ltd" target="_blank" data-smartkarma-citation="entities:7296:1" rel="noopener">Shinpoong Pharmaceutical (019170 KS)</a>. </p></div><div><p>Stocks in Taiwan that saw the highest increase in shorts were <a href="https://www.smartkarma.com/entities/united-microelectronics-corp" target="_blank" data-smartkarma-citation="entities:6450:1" rel="noopener">United Microelectronics Corp (2303 TT)</a>, <a href="https://www.smartkarma.com/entities/largan-precision-co-ltd" target="_blank" data-smartkarma-citation="entities:9126:1" rel="noopener">Largan Precision (3008 TT)</a>, <a href="https://www.smartkarma.com/entities/realtek-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:7326:1" rel="noopener">Realtek Semiconductor (2379 TT)</a> and <a href="https://www.smartkarma.com/entities/taiwan-cement" target="_blank" data-smartkarma-citation="entities:19736:1" rel="noopener">Taiwan Cement (1101 TT)</a> while shorts were covered on Swancor Holdings (3708 TT), <a href="https://www.smartkarma.com/entities/ruentex-development-co-ltd" target="_blank" data-smartkarma-citation="entities:8382:1" rel="noopener">Ruentex Development (9945 TT)</a>, <a href="https://www.smartkarma.com/entities/novatek-microelectronics-corp" target="_blank" data-smartkarma-citation="entities:10904:1" rel="noopener">Novatek Microelectronics Corp (3034 TT)</a> and <a href="https://www.smartkarma.com/entities/nanya-technology-corp" target="_blank" data-smartkarma-citation="entities:3269:1" rel="noopener">Nanya Technology (2408 TT)</a>. </p></div>

The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.The SFC has not yet published the short sell position report for Hong Kong for the week ended 25 September. We will cover that in our next update or in a discussion to this Insight.Japan saw increase in short positions on Fast Retailing (9983 JP), Seven &amp; I Holdings (3382 JP), Bridgestone Corp (5108 JP) and Hitachi Transport System (9086 JP) while there was short covering on Softbank Corp (9434 JP), Komatsu Ltd (6301 JP), Yamato Holdings (9064 JP) and Lasalle Logiport REIT (3466 JP). Sectorally, short increased in Consumer Discretionary, Consumer Staples and Information Technology, and were covered in Communication Services.Stocks in Korea that saw the most short covering were Netmarble Corporation (251270 KS), Celltrion Inc (068270 KS), Samsung Electronics (005930 KS) and Shinpoong Pharmaceutical (019170 KS). Stocks in Taiwan that saw the highest increase in shorts were United Microelectronics Corp (2303 TT), Largan Precision (3008 TT), Realtek Semiconductor (2379 TT) and Taiwan Cement (1101 TT) while shorts were covered on Swancor Holdings (3708 TT), Ruentex Development (9945 TT), Novatek Microelectronics Corp (3034 TT) and Nanya Technology (2408 TT). 

Asia Short Interest Weekly: Fast Retailing, Softbank, Seven&I, Netmarble, Shinpoong, UMC, Largan

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<p>At the end of March 2016, <a href="https://www.smartkarma.com/entities/hitachi-ltd" target="_blank" data-smartkarma-citation="entities:7797:1" rel="noopener">Hitachi Ltd (6501 JP)</a>,  <a href="https://www.smartkarma.com/entities/hitachi-transport-system-ltd" target="_blank" data-smartkarma-citation="entities:2395:1" rel="noopener">Hitachi Transport System (9086 JP)</a>, and as-yet unlisted <a href="https://www.smartkarma.com/entities/sg-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:26070:1" rel="noopener">SG Holdings (9143 JP)</a><a href="https://www.hitachi.com/New/cnews/month/2016/03/f_160330a.pdf" target="_blank" rel="noopener">announced</a> that Hitachi Transport and SG subsidiary, and well-known door-to-door delivery unit Sagawa Express would form a capital and business tie-up and would look to merge <em>"within three years"</em> (i.e. merger by 1 April 2019). </p><p>The deal was that Hitachi Transport was going to spend ¥66.3bn to buy a 20% stake in the unlisted <em>delivery</em> subsidiary of then still-unlisted SG Holdings, and <a href="https://www.smartkarma.com/entities/hitachi-ltd" target="_blank" data-smartkarma-citation="entities:7797:1" rel="noopener">Hitachi Ltd (6501 JP)</a> was going to sell a 29% stake (out of the 59% they owned) in Hitachi Transport for ¥87.5 billion. They were both going to expand strongly outside of Asia.  HTS was known at the time for its 3PL and "Smart Logistics" capabilities to make customer supply chains more efficient, etc, whereas Sagawa was known as a top last-mile delivery business. The combined entity was set to overtake <a href="https://www.smartkarma.com/entities/yamato-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:2:1" rel="noopener">Yamato Holdings (9064 JP)</a> in terms of revenue and get closer to industry top dog <a href="https://www.smartkarma.com/entities/nippon-express-co-ltd" target="_blank" data-smartkarma-citation="entities:18582:1" rel="noopener">Nippon Express (9062 JP)</a>. It was supposed to help SG improve margins by doing more in B2B. </p><p>SG IPOed in late 2017. Three years came and went. Nothing happened. There were collaborative projects started such as a "Japan-China integrated service" and "mutual utilisation of logistics facilities" such as e-commerce delivery hubs, but it was slow-going.</p><p>Some signs of discord have been clear for a while. If one reads between the lines one could have wondered what the point was even in 2016, but I expect there was hope that the two sides could get along. </p><p>In late May 2019 after the earnings presentation which marked the three year anniversary/deadline of a deal, and a new <a href="https://www.hitachi-transportsystem.com/en/ir/library/presentations/pdf/midtermmanagementplan_190524enR.pdf" target="_blank" rel="noopener">Mid-Term Management Plan</a> "Logisteed 2021" in which the forward-looking part had basically no mention of SG or Sagawa, the Nikkei carried an interview with HTS President Nakatani who said, when asked about the integration, <em>"I am aware that we are moving toward integration. I would like to harmonize future directions." </em>[Nikkei: He showed a positive attitude...]<em> "We have decided to discuss and consider the possibility of business integration, but we have not made any decisions, including any start to discussions."</em></p><p>Three years on and there had obviously been discussions about discussions, but the two sides hadn't made any commitment to starting discussions officially. </p><h2>The NEW News</h2><p>Today mid-day, Diamond Online released a scoop saying the capital and business tie-up between the two was going to be scrapped. </p><p>The first reaction was to send Hitachi Transport shares down 10+%. </p><p>Hitachi Transport's first release to the exchange said that the article wasn't based on information they announced and that it was not going to be a dissolution of the capital tie-up, just a re-arranging of the deckchairs and a board meeting was going on and there would be an announcement within the day. HTS shares - which at that point were down 7% on the day - bounced sharply. </p><p>After the close it became clear there was a difference of opinion on what the "review of the level equity affiliation" actually meant. </p><p>The headline of the Hitachi Transport release says "Announcement of Partial Modification of the Strategic Capital and Business Alliance with SG Holdings and SAGAWA EXPRESS". It talks at some length about what has been accomplished in four and a half years of working together and then it notes the "modification of the capital tie-up."</p><ol>
<li>HTS will sell the 20% of Sagawa Express that it owns for ¥87.5bn. That trade will be executed on 29 Sep 2020. </li>
<li>HTS will buy back "a portion" of the shares that SG owns in a <a href="https://www.hitachi-transportsystem.com/jp/news/pdf/20200924_jikokabusikinoshutokukaituke.pdf" target="_blank" rel="noopener">ToSTNeT-3 transaction</a> the morning of 25 September. Reminder that SG owns 32.35mm shares of HTS or 29.00% of shares out. Tomorrow morning, HTS will buy back 27.675mm shares at the closing price on the 24 September of ¥3,570. That is up to 24.8% of shares out. </li>
</ol><p> That is a very big unwind in a very big hurry. </p><p>This creates some interesting side effects and they are well-worth thinking about. </p><p>More below the fold.</p>

At the end of March 2016, Hitachi Ltd (6501 JP),  Hitachi Transport System (9086 JP), and as-yet unlisted SG Holdings (9143 JP)announced that Hitachi Transport and SG subsidiary, and well-known door-to-door delivery unit Sagawa Express would form a capital and business tie-up and would look to merge "within three years" (i.e. merger by 1 April 2019). The deal was that Hitachi Transport was going to spend ¥66.3bn to buy a 20% stake in the unlisted delivery subsidiary of then still-unlisted SG Holdings, and Hitachi Ltd (6501 JP) was going to sell a 29% stake (out of the 59% they owned) in Hitachi Transport for ¥87.5 billion. They were both going to expand strongly outside of Asia.  HTS was known at the time for its 3PL and "Smart Logistics" capabilities to make customer supply chains more efficient, etc, whereas Sagawa was known as a top last-mile delivery business. The combined entity was set to overtake Yamato Holdings (9064 JP) in terms of revenue and get closer to industry top dog Nippon Express (9062 JP). It was supposed to help SG improve margins by doing more in B2B. SG IPOed in late 2017. Three years came and went. Nothing happened. There were collaborative projects started such as a "Japan-China integrated service" and "mutual utilisation of logistics facilities" such as e-commerce delivery hubs, but it was slow-going.Some signs of discord have been clear for a while. If one reads between the lines one could have wondered what the point was even in 2016, but I expect there was hope that the two sides could get along. In late May 2019 after the earnings presentation which marked the three year anniversary/deadline of a deal, and a new Mid-Term Management Plan "Logisteed 2021" in which the forward-looking part had basically no mention of SG or Sagawa, the Nikkei carried an interview with HTS President Nakatani who said, when asked about the integration, "I am aware that we are moving toward integration. I would like to harmonize future directions." [Nikkei: He showed a positive attitude...] "We have decided to discuss and consider the possibility of business integration, but we have not made any decisions, including any start to discussions."Three years on and there had obviously been discussions about discussions, but the two sides hadn't made any commitment to starting discussions officially. The NEW NewsToday mid-day, Diamond Online released a scoop saying the capital and business tie-up between the two was going to be scrapped. The first reaction was to send Hitachi Transport shares down 10+%. Hitachi Transport's first release to the exchange said that the article wasn't based on information they announced and that it was not going to be a dissolution of the capital tie-up, just a re-arranging of the deckchairs and a board meeting was going on and there would be an announcement within the day. HTS shares - which at that point were down 7% on the day - bounced sharply. After the close it became clear there was a difference of opinion on what the "review of the level equity affiliation" actually meant. The headline of the Hitachi Transport release says "Announcement of Partial Modification of the Strategic Capital and Business Alliance with SG Holdings and SAGAWA EXPRESS". It talks at some length about what has been accomplished in four and a half years of working together and then it notes the "modification of the capital tie-up."
HTS will sell the 20% of Sagawa Express that it owns for ¥87.5bn. That trade will be executed on 29 Sep 2020. 
HTS will buy back "a portion" of the shares that SG owns in a ToSTNeT-3 transaction the morning of 25 September. Reminder that SG owns 32.35mm shares of HTS or 29.00% of shares out. Tomorrow morning, HTS will buy back 27.675mm shares at the closing price on the 24 September of ¥3,570. That is up to 24.8% of shares out. 
 That is a very big unwind in a very big hurry. This creates some interesting side effects and they are well-worth thinking about. More below the fold.

Hitachi Transport & SG Holdings:  Consciously Uncoupling

Japan Specialist

Mark Chadwick

Equity Bottom-Up

<div><p><span xml:lang="EN-US" data-contrast="auto">Until now, the package delivery company has been a sleeping giant. After years of chasing market share, but struggling with profit growth, the company has woken up to a significant earnings opportunity. Despite dominating the “last mile” delivery in a market where ecommerce growth has continued to soar, Yamato’s profits have trailed due to a lack of innovation and high labor costs. Hopefully, that is all in the past, as the company seems to have shifted its focus from the top line to the bottom. T</span><span xml:lang="EN-US" data-contrast="auto">he sell-side doesn’t seem to have paid much attention and t</span><span xml:lang="EN-US" data-contrast="auto">hese changes have yet to be reflected in the share price.  </span><span data-ccp-props='{"201341983":0,"335559739":160,"335559740":259}'> </span><span> </span></p></div><div><p><span xml:lang="EN-US" data-contrast="auto">What are the key issues facing Yamato right now? It boils down to two simple questions. Most importantly, can the company lift margins to competitor norms? If they can, is the current stock price attractive?</span><span data-ccp-props='{"201341983":0,"335559739":160,"335559740":259}'> </span></p></div>

Until now, the package delivery company has been a sleeping giant. After years of chasing market share, but struggling with profit growth, the company has woken up to a significant earnings opportunity. Despite dominating the “last mile” delivery in a market where ecommerce growth has continued to soar, Yamato’s profits have trailed due to a lack of innovation and high labor costs. Hopefully, that is all in the past, as the company seems to have shifted its focus from the top line to the bottom. The sell-side doesn’t seem to have paid much attention and these changes have yet to be reflected in the share price.    What are the key issues facing Yamato right now? It boils down to two simple questions. Most importantly, can the company lift margins to competitor norms? If they can, is the current stock price attractive? 

Yamato(9064) – The Sleeping Giant Awakens as Consensus Continues to Slumber

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

<p>Delivering parcels from online stores has got a whole lot easier for Japan’s ever-valiant courier drivers. In the past six months, the rate of parcels needing to be redelivered has dropped by half.</p><p>This figure will no doubt rise again once the crisis abates and people return to work, but the figure is falling longer-term as couriers, led by <a href="https://www.smartkarma.com/entities/yamato-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:2:1" rel="noopener">Yamato Holdings (9064 JP),</a>  and vendors all work on new solutions to alleviate the problem. The simplest is to avoid the issue altogether by just dropping parcels off regardless of whether there is anyone at home.</p><p>Japan's improving efficiency and increasing number of delivery solutions are necessary given the increased flow of online orders and should help improve operating margins.<strong> In May alone, Yamato recorded receipt of 165 million packages, a 20% increase on 2019. In the first two months of FY2020, Yamato handled 320 million packages, up 16.3% overall.</strong></p>

Delivering parcels from online stores has got a whole lot easier for Japan’s ever-valiant courier drivers. In the past six months, the rate of parcels needing to be redelivered has dropped by half.This figure will no doubt rise again once the crisis abates and people return to work, but the figure is falling longer-term as couriers, led by Yamato Holdings (9064 JP),  and vendors all work on new solutions to alleviate the problem. The simplest is to avoid the issue altogether by just dropping parcels off regardless of whether there is anyone at home.Japan's improving efficiency and increasing number of delivery solutions are necessary given the increased flow of online orders and should help improve operating margins. In May alone, Yamato recorded receipt of 165 million packages, a 20% increase on 2019. In the first two months of FY2020, Yamato handled 320 million packages, up 16.3% overall.

Yamato Benefits as Failed E-Commerce Delivery Rates Cut by Half During Crisis

<div><p>The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.</p></div><div><p>Hong Kong saw shorts rise on <a href="https://www.smartkarma.com/entities/ping-an-insurance-grp-co-of-china-ltd" target="_blank" data-smartkarma-citation="entities:12880:1" rel="noopener">Ping An Insurance (H) (2318 HK)</a>, <a href="https://www.smartkarma.com/entities/wuxi-apptec" target="_blank" data-smartkarma-citation="entities:23679:1" rel="noopener">Wuxi Biologics (Cayman) Inc (2269 HK)</a>, <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a> and <a href="https://www.smartkarma.com/entities/shandong-weigao-group-medical-polymer-co" target="_blank" data-smartkarma-citation="entities:1465:1" rel="noopener">Shandong Weigao Group Medical Polymer Co (1066 HK)</a> while there was short covering on <a href="https://www.smartkarma.com/entities/meituan-dianping" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan Dianping (3690 HK)</a>, <a href="https://www.smartkarma.com/entities/semiconductor-manufacturing" target="_blank" data-smartkarma-citation="entities:14231:1" rel="noopener">Semiconductor Manufacturing (981 HK)</a>, <a href="https://www.smartkarma.com/entities/aia-group-ltd" target="_blank" data-smartkarma-citation="entities:14895:1" rel="noopener">AIA Group Ltd (1299 HK)</a> and <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent Holdings (700 HK)</a>. Shorts increased in Financials, Consumer Staples, and Materials, and were covered in Consumer Discretionary and Information Technology.</p></div><div><p>Japan saw an increase in shorts on <a href="https://www.smartkarma.com/entities/tokio-marine-holdings-inc" target="_blank" data-smartkarma-citation="entities:7591:1" rel="noopener">Tokio Marine Holdings (8766 JP)</a>, <a href="https://www.smartkarma.com/entities/fast-retailing-co-ltd" target="_blank" data-smartkarma-citation="entities:751:1" rel="noopener">Fast Retailing (9983 JP)</a>, <a href="https://www.smartkarma.com/entities/canon-inc" target="_blank" data-smartkarma-citation="entities:1:1" rel="noopener">Canon Inc (7751 JP)</a> and <a href="https://www.smartkarma.com/entities/yamato-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:2:1" rel="noopener">Yamato Holdings (9064 JP)</a> and a reduction in shorts on <a href="https://www.smartkarma.com/entities/mitsubishi-electric-corp" target="_blank" data-smartkarma-citation="entities:11171:1" rel="noopener">Mitsubishi Electric (6503 JP)</a>, <a href="https://www.smartkarma.com/entities/shiseido-company-limited" target="_blank" data-smartkarma-citation="entities:5718:1" rel="noopener">Shiseido Company (4911 JP)</a>, <a href="https://www.smartkarma.com/entities/sumitomo-corp" target="_blank" data-smartkarma-citation="entities:5380:1" rel="noopener">Sumitomo Corp (8053 JP)</a> and <a href="https://www.smartkarma.com/entities/sumitomo-mitsui-financial-group-inc" target="_blank" data-smartkarma-citation="entities:217:1" rel="noopener">Sumitomo Mitsui Financial Group (8316 JP)</a>. Sectorally, shorts increased on Consumer Discretionary, Information Technology, and Financials, and reduced on Consumer Staples and Industrials.</p></div><div>
<p>Short Interest in Korea decreased in almost all industry groups led by Media &amp; Entertainment, Pharmaceuticals, Technology Hardware and Materials.</p>
<p>Short Interest in Taiwan decreased in almost all industry groups led by Technology Hardware, Semiconductors, Capital Goods and Telecommunication Services while shorts increased in Banks and Automobiles.</p>
</div>

The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.Hong Kong saw shorts rise on Ping An Insurance (H) (2318 HK), Wuxi Biologics (Cayman) Inc (2269 HK), China Mobile (941 HK) and Shandong Weigao Group Medical Polymer Co (1066 HK) while there was short covering on Meituan Dianping (3690 HK), Semiconductor Manufacturing (981 HK), AIA Group Ltd (1299 HK) and Tencent Holdings (700 HK). Shorts increased in Financials, Consumer Staples, and Materials, and were covered in Consumer Discretionary and Information Technology.Japan saw an increase in shorts on Tokio Marine Holdings (8766 JP), Fast Retailing (9983 JP), Canon Inc (7751 JP) and Yamato Holdings (9064 JP) and a reduction in shorts on Mitsubishi Electric (6503 JP), Shiseido Company (4911 JP), Sumitomo Corp (8053 JP) and Sumitomo Mitsui Financial Group (8316 JP). Sectorally, shorts increased on Consumer Discretionary, Information Technology, and Financials, and reduced on Consumer Staples and Industrials.
Short Interest in Korea decreased in almost all industry groups led by Media &amp; Entertainment, Pharmaceuticals, Technology Hardware and Materials.
Short Interest in Taiwan decreased in almost all industry groups led by Technology Hardware, Semiconductors, Capital Goods and Telecommunication Services while shorts increased in Banks and Automobiles.


Asia Short Interest Weekly - PingAn, WuXi Bio, Meituan, SMIC, Fast Retail, Sumitomo, Yageo, Genius

Japan

Yamato Holdings Co., Ltd. mainly provides door-to-door parcel delivery services. The Company has developed a nationwide delivery system specializing in time-specified delivery. Yamato Holdings offers moving services and other comprehensive transportation services including logistics services for both domestic and overseas customers as well as financial and autoworks services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Yamato Holdings (9064 JP)

Asia Short Interest Weekly: Fast Retailing, Softbank, Seven&I, Netmarble, Shinpoong, UMC, Largan

The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong...

Brian Freitas

Hitachi Transport & SG Holdings: Consciously Uncoupling

In May of 2016

Travis Lundy

Yamato(9064) – The Sleeping Giant Awakens as Consensus Continues to Slumber

Until now, the package delivery company has been a sleeping giant. After years of chasing market share, but struggling with profit growth, the...

Mark Chadwick

Yamato Benefits as Failed E-Commerce Delivery Rates Cut by Half During Crisis

Delivering parcels from online stores has got a whole lot easier for Japan’s ever-valiant courier drivers. In the past six months, the rate of...

Michael Causton

Asia Short Interest Weekly - PingAn, WuXi Bio, Meituan, SMIC, Fast Retail, Sumitomo, Yageo, Genius

The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)