Tokyo Metro IPO - Thoughts on Valuation
The price range for the IPO has now been set at JPY1,100-1,200/share, which still looks fairly attractive in our view and would provide a good yield.
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Tech Supply Chain Tracker (02-Oct-2024): AI server liquid cooling status: efficient or not?
Liquid cooling solutions for AI servers are evolving rapidly, L&T Semicon plans mass production of first chip, Win Win Precision excels in solar...
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Tokyo Metro IPO - Peer Comparison - Pre-COVID to 1Q25
Tokyo Metro (9023 JP)'s shareholders aim to raise up to US$2.3bn in its Japan IPO. In this note, we undertake a peer comparison.
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Micron and WFE
Just two weeks ago, I wrote about how I thought this was a mid-memory cycle. I mainly supported the memory companies if you didn’t read between...
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Tokyo Metro IPO - The Negatives - Hasn't Recovered Fully but Div and Debt Have
Tokyo Metro (9023 JP)'s shareholders aim to raise up to US$2.3bn in its Japan IPO. In this note, we talk about the not-so-postive.
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