Kyoto Financial Group (5844 JP) – Limited Shareholdings Unwind, for Now
Among bigger cap Japanese banks, we are negative on Kyoto Financial as it lacks near term catalysts to accelerate its equity holdings unwind and...
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Softbank (9984 JP): Arm Headwinds Building, but NAV Discount Is Attractive
Elliott's stake in SoftBank has boosted the share price; focus on Gen AI portfolio over buybacks may disappoint minority shareholders short term,...
387 Views
Revolut IPO Prospects – Rich Target Valuation Relative to Digital Bank Peers
Revolut targets a USD40bn IPO valuation, but recent investor valuations range from USD19.9bn to USD25.7bn; compared to a broad peer group,...
427 Views
Banamex Update and Mexican Banks’ April Data – First Look at Early 2Q 2024 Trends
Citibank's Banamex faces lower IPO valuation amid market uncertainty; sector trends show loan growth, but rising credit costs. BanBajio shines...
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Payment Companies – Updated Sector Overview and Potential IPOs
Mixed 2Q24 shares performance, challenging for long investors in payment companies. Visa retained as core holding, with buys PagSeguro and Shift4;...
291 Views