Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The Nikkei 225 Annual Review is in September based on end-July data. Jumping the gun, I propose 3 additions and 3 deletions with granular data and details offered per sector.</li>
<li>I see ¥600bn to buy and a funding trade of 99% of that. There are 15+ names with more than 1 day of ADV to sell (funding only).</li>
<li>The impact on Real World Float is non-negligible. One name in particular is deserving of attention. </li>
</ul>


The Nikkei 225 Annual Review is in September based on end-July data. Jumping the gun, I propose 3 additions and 3 deletions with granular data and details offered per sector.
I see ¥600bn to buy and a funding trade of 99% of that. There are 15+ names with more than 1 day of ADV to sell (funding only).
The impact on Real World Float is non-negligible. One name in particular is deserving of attention. 


Nikkei 225 Sep Annual Review Predictions - 3 In, 3 Out

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

<ul>
<li>This article updates NTT DATA by referring my earlier article although Hopes of NTT Data becoming a wholly owned subsidiary are far from fulfilled after the May 9th news conference.</li>
<li>My previous article stated reorganization with NTT's overseas operations is priority to strengthen NTT Data's overseas business. NTT Data's stock price is highly valued while NTT Data's profitability is lacking.</li>
<li>The timing of NTT Data becoming a wholly owned subsidiary will depend solely on how quickly the company can raise its profitability while it focuses more on domestic business.</li>
</ul>


This article updates NTT DATA by referring my earlier article although Hopes of NTT Data becoming a wholly owned subsidiary are far from fulfilled after the May 9th news conference.
My previous article stated reorganization with NTT's overseas operations is priority to strengthen NTT Data's overseas business. NTT Data's stock price is highly valued while NTT Data's profitability is lacking.
The timing of NTT Data becoming a wholly owned subsidiary will depend solely on how quickly the company can raise its profitability while it focuses more on domestic business.


Parent-Subsidiary Listing Investment Strategy Update (5)

<ul>
<li>Since Toshiba reported lacklustre earnings and guidance, there has been a steady flow of articles in the press about the privatisation process going on behind the scenes.</li>
<li>On 25 March, Toshiba let it be known a privatisation process would start. On 31 March, Bain gave notice it would participate. Toshiba has been in talks since 21 April</li>
<li>First round bids were due 30 May, and 10 total submissions were made, with 8 privatisation proposals proffered. Now we wait...</li>
</ul>


Since Toshiba reported lacklustre earnings and guidance, there has been a steady flow of articles in the press about the privatisation process going on behind the scenes.
On 25 March, Toshiba let it be known a privatisation process would start. On 31 March, Bain gave notice it would participate. Toshiba has been in talks since 21 April
First round bids were due 30 May, and 10 total submissions were made, with 8 privatisation proposals proffered. Now we wait...


Toshiba (6502) - Now We Have the First Rounds Bids In, And We Wait, But It's Top of Range

NTT (Nippon Telegraph & Telephone) / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nippon-telegraph-telephone-corporation" target="_blank" data-smartkarma-citation="entities:623:1" rel="noopener">NTT (Nippon Telegraph &amp; Telephone) (9432 JP)</a> and <a href="https://www.smartkarma.com/entities/ntt-data-corp" target="_blank" data-smartkarma-citation="entities:11232:1" rel="noopener">NTT Data Corp (9613 JP)</a> this morning announced a 1pm joint presser. Imaginations ran wild and NTT went up 12+%.</li>
<li>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.</li>
<li>But it is still positive. It is something of a win-win for both parties.</li>
</ul>



NTT (Nippon Telegraph &amp; 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.


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

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

NTT (Nippon Telegraph & Telephone) / Equity Bottom-Up

<ul>
<li>NTT and NTT Data will reorganize overseas assets into a new operating company run through NTT Data</li>
<li>The transaction results in little change for consolidated results at NTT Group although segment reporting may change and it will buy up to ¥100bn more of NTT Data</li>
<li>Restructuring could help unlock the potential of Dimension Data which has been a consistent laggard since NTT acquired it in FY11</li>
</ul>


NTT and NTT Data will reorganize overseas assets into a new operating company run through NTT Data
The transaction results in little change for consolidated results at NTT Group although segment reporting may change and it will buy up to ¥100bn more of NTT Data
Restructuring could help unlock the potential of Dimension Data which has been a consistent laggard since NTT acquired it in FY11


NTT (Buy) - An Exciting Day for Data but Not Much Has Changed

Japan

NTT Data Corporation mainly provides large scale system integration and networking system services. System integration involves data transmission system design, sales, leasing, and services.  Network System Services include internet related and linked computer networks, and data provision and management of data. The Company is a subsidiary of Nippon Telegraph & Telephone Corporation.

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NTT Data Corp (9613 JP)

Nikkei 225 Sep Annual Review Predictions - 3 In, 3 Out

The September Nikkei 225 Rebal announcement is ~ 6 weeks away. Assuming the current plans go through, I see three adds, three deletes. The adds are...

Travis Lundy

Parent-Subsidiary Listing Investment Strategy Update (5)

This article will update NTT DATA by referring my earlier article although Hopes of NTT Data becoming a wholly owned subsidiary are far from...

Metrical Inc

Toshiba (6502) - Now We Have the First Rounds Bids In, And We Wait, But It's Top of Range

Toshiba today announced a comprehensive deck with a Management Policy update, which is a very interesting read. They also announced they had...

Travis Lundy

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

NTT and NTT Data Reshuffle the Deckchairs and Everyone Wins. There is likely to be some accounting magic here which could drive BOTH companies'...

Travis Lundy

NTT (Buy) - An Exciting Day for Data but Not Much Has Changed

NTT Data jumped as much as 17% on reports of a joint NTT press conference only to give it all back. NTT isn't buying Data minorities but efforts to...

Kirk Boodry

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