Korea Zinc: US Government–Linked JV Raises Strategic Valuation Floor; TP to ₩2.1m
US government investment in US smelter JV boosts Korea Zinc's strategic importance and valuation, with near-term earnings supported by zinc TC...
129 Views
Asia’s Nuclear Revival: Structural Upside Across the Energy Value Chain
AI-driven power demand, decarbonisation, and energy security are boosting nuclear in Asia, with Kazatomprom, Mitsubishi Heavy, and Doosan...
252 Views
Sumitomo Metal Mining (5713.T): Resources Anchor Earnings; Upside Linked to Copper & Gold
Earnings upgraded due to copper and gold prices, SMM trades near fair value at ¥6,000 with limited downside and potential for sustained strength in...
301 Views
Nippon Steel: Ambition Raised, Returns Deferred
Despite ambitious scale ambitions and U.S. Steel integration, negative free cash flow is projected through FY26 due to capex etc., delaying ROCE...
400 Views
Tata Steel: Strategic Announcements Boost Long-Term Positioning; Valuation Still Balanced
Tata Steel's strategic moves enhance pellet security, downstream mix, and low-carbon readiness, with balanced valuation and Europe performance as...
410 Views