NTT (Nippon Telegraph & Telephone)

NTT and NTT Data Reshuffle the Deckchairs and Everyone "Wins"

Event-Driven
403 Views, 09 May 2022 17:01
EXECUTIVE SUMMARY
  • NTT (Nippon Telegraph & Telephone) (9432 JP) and NTT Data Corp (9613 JP) this morning announced a 1pm joint presser. Imaginations ran wild and NTT went up 12+%.
  • The reality is more subdued (as it should have been for a during-market-hours-presser) and it involves a restructuring of a small NTT subsidiary which happens to own NTT Data shares.
  • But it is still positive. It is something of a win-win for both parties.
detail (8-minute read)
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Travis Lundy
Pan-Asia Catalysts/Events
Quiddity Advisors
Japan & Hong KongEquitiesEvent-DrivenQuantitative Analysis

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL") BACKGROUND I have 20+yrs experience in A... 

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