Itochu Corp

Short-Term Itochu Buyback - A Cushion, But Style Bias Matters More

Event-Driven
191 Views, 19 Jan 2022 22:27
EXECUTIVE SUMMARY
  • Itochu today announced a buyback program to buy US$500mm+ in the next 10 weeks. 
  • Net income growth, a rising dividend, and balanced risk book help it perform with low beta and medium correlation to peers. 
  • The low volatility-relative multiple is supportive, and the buyback helps, but style bias vs Peers matters more. 
detail (4-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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