Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Ohayo Japan |RALLY PAUSE ?..Not; Debt Deal Spurs Tech Rebound; NUGGET: JP Off-Shore Wind-Set to BLOW

Equity Bottom-Up

<ul>
<li>We look for the new MTP to present a growth outlook in the Aerospace division driven by a recovery in the civilian aircraft market</li>
<li>IHI is a key beneficiary of structural growth themes of higher defense spending and energy transition</li>
<li>We believe that the market has been overly concerned about a growth plateau. At 9x TEV / NTM EBIT, the stock is a bargain versus global peers</li>
</ul>


We look for the new MTP to present a growth outlook in the Aerospace division driven by a recovery in the civilian aircraft market
IHI is a key beneficiary of structural growth themes of higher defense spending and energy transition
We believe that the market has been overly concerned about a growth plateau. At 9x TEV / NTM EBIT, the stock is a bargain versus global peers


IHI Corp

Ihi (7013) | Multiple Engines for Growth