Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Bottom-Up

Ito En Ltd Preferred Shares / Equity Bottom-Up

<p>In autumn of 2007, <a href="https://www.smartkarma.com/entities/9551" target="_blank" data-smartkarma-citation="entities:9551:1">Ito En Ltd (2593 JP)</a> issued preferred shares, distributing 3 shares for every 10 common shares owned. Those shares became <a href="https://www.smartkarma.com/entities/24022" target="_blank" data-smartkarma-citation="entities:24022:1">Ito En Ltd Preferred Shares (25935 JP)</a>. They are illiquid but they still trade. They are, to my knowledge, the only such pair trading in Japan at the moment. </p><h2>The History</h2><p>The stated concept was that the company wanted to attract more individual shareholders, but because most did not vote in shareholder meetings, the idea was to offer shares without votes but…</p>

In autumn of 2007, Ito En Ltd (2593 JP) issued preferred shares, distributing 3 shares for every 10 common shares owned. Those shares became Ito En Ltd Preferred Shares (25935 JP). They are illiquid but they still trade. They are, to my knowledge, the only such pair trading in Japan at the moment. The HistoryThe stated concept was that the company wanted to attract more individual shareholders, but because most did not vote in shareholder meetings, the idea was to offer shares without votes but…

Ito-En Pref Shares - Cheap Vs Common, Again, But...

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

Thematic (Sector/Industry)

<p>Recalling my growing up days in Indonesia, being taught on the 3 basic human needs; shelter, food and clothing. They forgot to include one; <strong>DRINK! </strong>With the average temperature of 26 degree Celsius and 6-9 months of dry season, demand for tasty drinks and bottle water will only increase over time.</p><div class="content-highlight"><p>Beverage business --&gt; formula + water/milk/alcohol = <strong>high margin new formulated drink</strong></p></div><p>In this report we will discuss which alcoholic beverage company and non-alcoholic beverage company have historically played an important part in the shaping of the Indonesian taste for beverage over the years namely <a href="https://www.smartkarma.com/entities/11651" target="_blank" data-smartkarma-citation="entities:11651:1">Multi Bintang Indonesia Pt (MLBI IJ)</a>, <a href="https://www.smartkarma.com/entities/5585" target="_blank" data-smartkarma-citation="entities:5585:1">Delta Djakarta Tbk Pt (DLTA IJ)</a>, <a href="https://www.smartkarma.com/entities/13892" target="_blank" data-smartkarma-citation="entities:13892:1">Ultrajaya Milk Ind &amp; Trading (ULTJ IJ)</a> and why they could provide an exposure to the long term growth story to the growing middle class Indonesian.</p>

Recalling my growing up days in Indonesia, being taught on the 3 basic human needs; shelter, food and clothing. They forgot to include one; DRINK! With the average temperature of 26 degree Celsius and 6-9 months of dry season, demand for tasty drinks and bottle water will only increase over time.Beverage business --&gt; formula + water/milk/alcohol = high margin new formulated drinkIn this report we will discuss which alcoholic beverage company and non-alcoholic beverage company have historically played an important part in the shaping of the Indonesian taste for beverage over the years namely Multi Bintang Indonesia Pt (MLBI IJ), Delta Djakarta Tbk Pt (DLTA IJ), Ultrajaya Milk Ind &amp; Trading (ULTJ IJ) and why they could provide an exposure to the long term growth story to the growing middle class Indonesian.

Beverage in Indonesia: Quench Your Thirst!

<p>In autumn of 2007, <a href="https://www.smartkarma.com/entities/9551" target="_blank" data-smartkarma-citation="entities:9551:1">Ito En Ltd (2593 JP)</a> issued preferred shares, distributing 3 shares for every 10 common shares owned. Those shares became <a href="https://www.smartkarma.com/entities/24022" target="_blank" data-smartkarma-citation="entities:24022:1">Ito En Ltd Preferred Shares (25935 JP)</a>. They are illiquid but they still trade. They are, to my knowledge, the only such pair trading in Japan at the moment. </p><h2>The History</h2><p>The stated concept was that the company wanted to attract more individual shareholders, but because most did not vote in shareholder meetings, the idea was to offer shares without votes but…</p>

In autumn of 2007, Ito En Ltd (2593 JP) issued preferred shares, distributing 3 shares for every 10 common shares owned. Those shares became Ito En Ltd Preferred Shares (25935 JP). They are illiquid but they still trade. They are, to my knowledge, the only such pair trading in Japan at the moment. The HistoryThe stated concept was that the company wanted to attract more individual shareholders, but because most did not vote in shareholder meetings, the idea was to offer shares without votes but…

Ito-En Pref Shares - Cheap Vs Common But...

Fintech, Real-time Big-Data Analytics Provider, Nowcast, Inc.

Ryota Hayashi

Fintech, Real-time Big-Data Analytics Provider

Nowcast, Inc.

We at Nowcast develop "Big-Data Economic Analytics Platforms".  We aim to revolutionize the financial markets by providing "accurate" and "real-time" analytics based on economic indicators and corporate activity data procured worldwide. 

Our Main Services

(1) Real-time Analytics
With our Nikkei CPI Now Index at our core, we provide real time analytics of global economic indicators such as POS Data. By utilizing Big-Data technology, we also provide real-time analytics of micro level data such as corporate earnings. 

(2) Big-Data Application Consulting
We too provide business consultation and conduct joint research on initiatives that strive to use data, such as from the operation capacity of construction machinery to number of passengers on railroad trains, as economic indicators. We provide continuous support to Data Scientists specialized in economics in their proposal stage, product development and up till its business development. 

(3) Monetary Policy Insights
With the proactive involvement of and support from from academicians in macroeconomics & key figures in the financial industry, we produce reports, conduct seminars and meetings that discuss about the forecast of financial markets, provide intellectual suggestions on asset allocation, etc. 

Macroeconomics

<ul class="ember-tether-target ember-tether-element-attached-top ember-tether-element-attached-left ember-tether-target-attached-top ember-tether-target-attached-right"><li><strong>"Nikkei CPINow" </strong>is a statistical database produced by Nowcast Inc. that provides real-time economic statistics using so-called “big data” gathered on a real-time basis; making it possible to “nowcast” economic developments, that is, to gauge them almost in real time.</li><li>Nikkei CPINow was launched in January 2016, disseminating the new “CPINow” price indeces, which succeeds and improves upon the Nikkei UTokyo Daily Price Index.</li><li>This December 2016 Review looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow<strong> S index </strong>&amp;<strong> T index.</strong></li></ul>

"Nikkei CPINow" is a statistical database produced by Nowcast Inc. that provides real-time economic statistics using so-called “big data” gathered on a real-time basis; making it possible to “nowcast” economic developments, that is, to gauge them almost in real time.Nikkei CPINow was launched in January 2016, disseminating the new “CPINow” price indeces, which succeeds and improves upon the Nikkei UTokyo Daily Price Index.This December 2016 Review looks into analyzing the current developments in Japan's economy based on The Nikkei CPINow S index &amp; T index.

December 2016 Review of Current Developments in Japan's Economy

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

<p>While it is not a given that a switch from a high growth, high interest rate environment to a low growth, low interest rate environment is a good one for equities in general, it should be good for defensive stocks, because these are the most bond-like of equities and the switch almost defines a fixed income bull market. Japan may not have been particularly high growth or high interest rate in 2000, but it was certainly higher growth and higher interest rate than today, and it is no surprise that defensive sectors like foods (+210% relative to Topix since 1999) and pharmaceuticals (+160%) have done very well over this time.<br><br>The question, now, is whether this is set to continue, or whether we might have hit a turning point.</p>

While it is not a given that a switch from a high growth, high interest rate environment to a low growth, low interest rate environment is a good one for equities in general, it should be good for defensive stocks, because these are the most bond-like of equities and the switch almost defines a fixed income bull market. Japan may not have been particularly high growth or high interest rate in 2000, but it was certainly higher growth and higher interest rate than today, and it is no surprise that defensive sectors like foods (+210% relative to Topix since 1999) and pharmaceuticals (+160%) have done very well over this time.  The question, now, is whether this is set to continue, or whether we might have hit a turning point.

Japan


ITO EN, LTD. produces various types of Japanese tea and canned beverages.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ito En Ltd Preferred Shares (25935 JP)

Ito-En Pref Shares - Cheap Vs Common, Again, But...

In autumn of 2007, Ito En Ltd (2593 JP) issued preferred shares, distributing 3 shares for every 10 common shares owned. Those shares became Ito En...

Travis Lundy

Beverage in Indonesia: Quench Your Thirst!

Recalling my growing up days in Indonesia, being taught on the 3 basic human needs; shelter, food and clothing. They forgot to include one;...

Henry Soediarko

Ito-En Pref Shares - Cheap Vs Common But...

In autumn of 2007, Ito En Ltd (2593 JP) issued preferred shares, distributing 3 shares for every 10 common shares owned. Those shares became Ito En...

Travis Lundy

December 2016 Review of Current Developments in Japan's Economy

"Nikkei CPINow" is a statistical database produced by Nowcast Inc. that provides real-time economic statistics using so-called “big data”...

Nowcast, Inc.

Death Rattle for Defensives?

While it is not a given that a switch from a high growth, high interest rate environment to a low growth, low interest rate environment is a good...

Pelham Smithers Associates

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)