In today’s briefing:
- Last Week in Event SPACE: Toyo, Takashimaya/H2O, Skyworth, Shandong Fengxiang, O2Micro
- Eicher Motors (EIM IN) | “Hunting” Down Competition
Last Week in Event SPACE: Toyo, Takashimaya/H2O, Skyworth, Shandong Fengxiang, O2Micro
- YFO has played a relatively upfront game for Toyo Construction (1890 JP) – badly at first, then better.
- With Takashimaya (8233 JP) and H2O (8242 JP) now more secure and cross-shareholdings more problematic, they will sell off their equity in each other but continue to work on joint projects.
- Skyworth Group Limited (751 HK)‘s latest buyback offers a minimum proration of 7.8%, although applying the last buyback two years ago, it’s likely to be 13%+.
Eicher Motors (EIM IN) | “Hunting” Down Competition
- The competitive position and demand environment for Eicher Motors (EIM IN)‘s “Classic 350” remains intact.
- The recent launch “Hunter 350” is expanding markets by taking on the competition.
- Cannablisation fears from Hunter 350, remain unfounded, and unlikely to have any major impact on margin trajectory.
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