Kirin: Holdco Discount Could Unwind As Institutional Investors Return Following Myanmar JV Troubles
Institutional investors are starting to return to Kirin in anticipation of a settlement for the Myanmar JV issues. We expect this change in...
405 Views
Kirin Seems Enticing from a Holdco Perspective, but Myanmar JV Still Poses Reputational & ESG Risks
We think the market has already overreacted to Myanmar’s JV troubles, but with the Myanmar coup still in the news, there is a chance that Kirin...
183 Views
TSE Restructure Might Force Japanese Beer to Break Their Capital Tie-Ups with Restaurant Chains
We expect the Japanese restaurants sector to remain oversold over medium term driven by the sell down of cross holdings by Japanese beer companies....
373 Views
Norges Bank Puts Kirin On a Watchlist Over Ties with Myanmar Military Linked JV
We believe the market has already factored in the worst-case scenario for Kirin. That said, The Norges Bank putting Kirin on a watchlist could...
366 Views
Global Fund Positioning in Japan: Underweight and Underowned
With the Nikkei 225 index breaking 30k this month, Global managers remain under-invested and underweight Japan versus the benchmark MSCI All...
293 Views