Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Stay long in <a href="https://www.smartkarma.com/entities/hs-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:7311:1" rel="noopener">HS Holdings (8699 JP)</a>.But beware. It is possible that there is a slightly uncomfortable outcome. </li>
<li>
<a href="https://www.smartkarma.com/entities/celltrion-pharm-inc" target="_blank" data-smartkarma-citation="entities:992:1" rel="noopener">Celltrion Pharm (068760 KS)</a> is up 37% since the <a href="https://www.smartkarma.com/entities/celltrion-inc" target="_blank" data-smartkarma-citation="entities:991:1" rel="noopener">Celltrion Inc (068270 KS)</a>/<a href="https://www.smartkarma.com/entities/celltrion-healthcare-co-ltd" target="_blank" data-smartkarma-citation="entities:23641:1" rel="noopener">Celltrion Healthcare (091990 KS)</a> merger completed; and Inc is up 22%. That's A LOT of expectation baked in. </li>
<li>NEW NISA details are cute, but governance and corporate buybacks matter more. If better education induces a swing from cash/deposits to risky assets, much of that will happen outside NISA.</li>
</ul>


Stay long in HS Holdings (8699 JP).But beware. It is possible that there is a slightly uncomfortable outcome. 

Celltrion Pharm (068760 KS) is up 37% since the Celltrion Inc (068270 KS)/Celltrion Healthcare (091990 KS) merger completed; and Inc is up 22%. That's A LOT of expectation baked in. 
NEW NISA details are cute, but governance and corporate buybacks matter more. If better education induces a swing from cash/deposits to risky assets, much of that will happen outside NISA.


Last Week in Event SPACE: HS Holdings, Celltrion Pharm, NISA, PICC/PICC P&C

Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Thematic (Sector/Industry)

<ul>
<li>With food inflation exceeding 8% in December, prices have become the focus for all supermarket retailing. </li>
<li>This is good news for those that are set up for price competition but it presents a serious challenge to the majority of chains.</li>
<li>The net result will be a widening gap in performance between the best and rest, with the former delivering both top line growth and rising margins.</li>
</ul>


With food inflation exceeding 8% in December, prices have become the focus for all supermarket retailing. 
This is good news for those that are set up for price competition but it presents a serious challenge to the majority of chains.
The net result will be a widening gap in performance between the best and rest, with the former delivering both top line growth and rising margins.


Japan's Supermarkets: The Coming Disruption

Japan

Albis Co., Ltd. operates super market chain stores in Hokuriku area. The Company also wholesales foods such as meats, seafood, and vegetables to stores.  ALBIS operates real estate businesses as well.

Satoh & Co., Ltd. is a wholesaler of commercial-use foods.  The Company mainly sells cooked frozen foods, confectionery materials, and seafood for hotels and restaurants in Hokkaido and Tohoku regions.  Satoh also manages retail shops.

MEDICAL SYSTEM NETWORK Co., Ltd. operates drug stores.  The Company also provides networking system services used in the medical industry, which enables pharmaceutical wholesalers and pharmacies to share information such as product details, prices, and inventories.  Medical System Network also operates a network database used by pharmacies to access patients' prescriptions.

DAIICHI CO., LTD. operates food supermarkets in Hokkaido.  The Company also sells sundry goods and daily products.

Eco's Co., Ltd. operates supermarket chain stores in the western Tokyo and the southern Saitama areas.  The Company also operates a wholesale business and a drug store chain.

MARUICHI Co., Ltd. is a wholesaler which distributes agricultural products such as seafood and livestock, mainly for supermarkets.

YUASA FUNASHOKU CO., LTD. is a food wholesaler which treats general foods, livestock, rice, wheat flour, and bread baking.  The Company primarily distributes those products to supermarkets in Kanto area.  Yuasa Funashoku also manages real estate business and hotels.

TOHTO SUISAN CO., LTD., is a wholesaler of seafood products.  The Company treats fresh and frozen fish, shellfish, and processed seafood products.  Tohto Suisan receives consignments from Nichiro Corp. and operates refrigerated warehouses and rental buildings.

OIE SANGYO CO., LTD. is a wholesaler which handles food materials including frozen foods, seasonings, oils, and fresh foods for commercial use.

SUPER VALUE CO., LTD. operates retail stores which sells groceries and home improvement products based on Saitama.  The Company operates stores in Kanto area including Tokyo and Chiba.

Premier Marketing PCL, through its subsidiaries, distributes food products, such as snacks, beverages, and candies. The Company also distributes pharmaceutical, personal care, and household products.

X5 Retail Group N.V. is a food retailer company.  The Company operates soft discount stores, supermarkets, branded stores, and convenience stores operated by franchisees.

Maywufa Company Ltd. manufactures and markets drugs as well as hair care and cosmetics products.  The Company's products include health and beauty aids such as vitamins, shampoos, hair fixatives, conditioners, and skincare products.

PT Hero Supermarket Tbk operates supermarkets, hypermarkets, and specialty retailing stores which consists of convenience stores, mini markets, and pharmacies.

CJ Freshway Corp. markets and provides various groceries to food service companies and restaurants.  The Company also caters to company's restaurants, schools, airports, and private restaurants and processes agricultural products.

Major Holdings Limited is a retailer of a wide range of premium wine and spirits products and a personalised wine services provider in Hong Kong.

Renrenle Commercial Group Co.,Ltd. operates shopping outlets, supermarkets and department stores. The Company operates its stores throughout China.

MedFirst Healthcare Services Inc. is a medical supplier, which also operates medical, healthcare and specialty supplies stores and provides home and health consultancy services.

Golden Resources Development International Limited, through its subsidiaries, sources, imports, wholesales, processes, packages, markets, and distributes rice.  The Company also provides warehouse storage and logistics services and invests in properties and securities.

Golden Resources Development Int Ltd. (677 HK)

Sub Sri Thai PCL provides storage and warehousing services.  The Company also provides loans to its customers using goods stored in its warehouses as collateral.  Most of its customers are importers and exporters of rice and sugar.  Additionally, the Company provides warehouse facility services for the storage of documents, and operates a harbor business.

Aoki Super Co., LTD. operates supermarkets in Aichi Prefecture.  The Company sells fresh food, general foods, pharmaceuticals, and sundry goods.

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

Aoki Super (9977 JP)

Last Week in Event SPACE: HS Holdings, Celltrion Pharm, NISA, PICC/PICC P&C

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

Japan's Supermarkets: The Coming Disruption

With Trial's IPO looming and inflation at record highs, Japan's supermarket sector is a sector ripe for disruption as pricing pressures widen the...

Michael Causton

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)