Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Orix Corporation: Osaka Casino Resort Partnership with MGM Stakes Out Earliest Claim Among Peers

Event-Driven

<div><p>Last evening, <a href="https://www.smartkarma.com/entities/ngk-insulators-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:12580:1">Ngk Insulators (5333 JP)</a> announced a buyback for up to 7mm shares (around 2.2% of shares outstanding excluding Treasury shares) and up to ¥10 billion to be conducted between 1 November 2019 and 21 February 2020. The company also announced results where net sales and profits were down yoy and management lowered their revenue and profit forecasts for the full year.</p></div><div>
<p>We take a look at some of the details around the buyback and the impact of the previous buyback on the share price over the buyback period. From the earlier buyback we notice that management is price sensitive and will not chase the stock higher.</p>
<p>With the stock being a constituent in the Nikkei 225 Index, the buyback will increase future company EPS (and DPS) and could have a positive impact on the Nikkei 225 dividend futures market.</p>
</div>

Last evening, Ngk Insulators (5333 JP) announced a buyback for up to 7mm shares (around 2.2% of shares outstanding excluding Treasury shares) and up to ¥10 billion to be conducted between 1 November 2019 and 21 February 2020. The company also announced results where net sales and profits were down yoy and management lowered their revenue and profit forecasts for the full year.
We take a look at some of the details around the buyback and the impact of the previous buyback on the share price over the buyback period. From the earlier buyback we notice that management is price sensitive and will not chase the stock higher.
With the stock being a constituent in the Nikkei 225 Index, the buyback will increase future company EPS (and DPS) and could have a positive impact on the Nikkei 225 dividend futures market.


日本ガイシ - 自社株買いを実施

NGK Insulators

日本ガイシ - 自社株買いを実施