Z Holdings - With Merger Close, Investment Will Accelerate
The biggest takeaway from the merger close is the ¥500bn investment program. If it fuels stronger revenue growth then profits should follow over...
249 Views
Internet Initiative Japan - New Pricing Plans Are Competitive and Impact Is Manageable
IIJ's new consumer mobile pricing plans are competitive with Rakuten and the financial impact on consolidated results should be immaterial
254 Views
2nd Emergency Means New Opportunities for Supermarkets
Japanese supermarkets suffered from genteel decline in the decade to 2020. And then Covid-19 forced everyone home, resulting in a propensity to...
202 Views
Coupang - Valuation Analysis
Our base case valuation of Coupang is EV of $55.6 billion and implied market cap of $60.1 billion. We have used EV/GP as our primary method of...
449 Views
Coupang Pre-IPO - The Negatives - Horrendous Data Disclosures, Including No Mention of OTT Launch
Coupang (CPNG US) , the largest product e-commerce player in Korea, aims to raise around US$3bn in its US listing via a mix of selling primary and...
376 Views