bullish
Last Week In Event SPACE: Rakuten Bank/Group, Cathay/Swire Pacific, Japan Post
422 Views28 May 2023 07:05
SUMMARY
- Rakuten Bank (5838 JP)'s TOPIX inclusion is this week. And the Real World Float has gotten smaller since the offering. And some of those people aren't going to sell near-term.
- Swire Pacific (A) (19 HK)'s P/B is back down to 0.31x as Cathay Pacific Airways (293 HK) tackles alleged language bias by flight attendants.
- Understanding real money demand on the Rakuten (4755 JP) story is key. If there is any, that makes deal overhang smaller than it looks.
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