Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Today just before the close, Reuters came out with an article saying Japan's four major insurers and some financial institutions would offer ¥500bn of shares in a secondary offering.</li>
<li>That implies about 275-280mm shares (insurers hold ~195mm). In May, Honda announced a ¥300bn buyback with earnings, with nothing done so far. </li>
<li>The supply/demand dynamics here are key. There are a lot of moving parts over time. Honda is cheaper than it looks but there are moving parts there too.</li>
</ul>


Today just before the close, Reuters came out with an article saying Japan's four major insurers and some financial institutions would offer ¥500bn of shares in a secondary offering.
That implies about 275-280mm shares (insurers hold ~195mm). In May, Honda announced a ¥300bn buyback with earnings, with nothing done so far. 
The supply/demand dynamics here are key. There are a lot of moving parts over time. Honda is cheaper than it looks but there are moving parts there too.


BIG ¥500bn Honda (7267) Offering Coming?

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Honda Motor Co Ltd (Adr) / Equity Bottom-Up

<ul><li>Honda Motor's earnings of FY '24 reveals that the mobility company has been posting a historic high operating profit of JPY 1,381.9 billion, with an operating profit margin of 6.8%.</li><li>Underpinning this growth has been the company's core strategy of focusing on environmental sustainability and safety, which is resonating well with the consumers.</li><li>For FY '25, Honda has set a higher target for operating profit at JPY 1.42 billion, aiming to achieve an operating profit margin of 7%, a year ahead of their original plan.</li></ul>

Honda Motor's earnings of FY '24 reveals that the mobility company has been posting a historic high operating profit of JPY 1,381.9 billion, with an operating profit margin of 6.8%.Underpinning this growth has been the company's core strategy of focusing on environmental sustainability and safety, which is resonating well with the consumers.For FY '25, Honda has set a higher target for operating profit at JPY 1.42 billion, aiming to achieve an operating profit margin of 7%, a year ahead of their original plan.

Honda Motor Co.: What Is The Positioning of Hybrid in Electrification Strategy? - Major Drivers

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul>
<li>Tech titans foresee the obsolescence of AI PC by Computex 2024, sparking anticipation for new technological advancements.</li>
<li>Disney and Warner's collaboration in the streaming market introduces fresh competition, shaking up the industry landscape.</li>
<li>ASML's thriving in the Angstrom Era credits its success to relentless innovation and adaptability within the semiconductor sector.</li>
</ul>


Tech titans foresee the obsolescence of AI PC by Computex 2024, sparking anticipation for new technological advancements.
Disney and Warner's collaboration in the streaming market introduces fresh competition, shaking up the industry landscape.
ASML's thriving in the Angstrom Era credits its success to relentless innovation and adaptability within the semiconductor sector.


Tech Supply Chain Tracker (18-May-2024): AI PC term will be obsolete soon, tech titans predict at pre-Computex event.

<ul>
<li>This month (June) saw 1,673 Corporate Governance Reports filed and 5 new "Mgmt Conscious of Capital Cost/Stock Price" policies filed. </li>
<li>We created a tool show every report, provide links to every document, and now a new diff file tool. Put in a name, see the difference between the Old/New Reports.</li>
<li>We hope this took will help. It is designed to be a shelf reference. We update the tool once a month, a couple of weeks ahead of the TSE.</li>
</ul>


This month (June) saw 1,673 Corporate Governance Reports filed and 5 new "Mgmt Conscious of Capital Cost/Stock Price" policies filed. 
We created a tool show every report, provide links to every document, and now a new diff file tool. Put in a name, see the difference between the Old/New Reports.
We hope this took will help. It is designed to be a shelf reference. We update the tool once a month, a couple of weeks ahead of the TSE.


Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Jul24)

<ul><li>Honda Motor delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street.</li><li>The motorcycle businesses experienced high profits, while the automotive sector saw improved profitability, particularly in North America.</li><li>In the United States, Honda experienced solid demand with a secured semiconductor supply, leading to higher year-on-year results.</li></ul>

Honda Motor delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street.The motorcycle businesses experienced high profits, while the automotive sector saw improved profitability, particularly in North America.In the United States, Honda experienced solid demand with a secured semiconductor supply, leading to higher year-on-year results.

Honda Motor Co.: Wage Hike Considerations & Global Economic Context – Major Drivers

Japan

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, and power products such as generators and farm machinery. The Company also operates a financial credit business. Honda Motor has manufacturing facilities in the US, Canada, the UK, France, Italy, Spain, Brazil, Mexico, India, and Thailand.

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Honda Motor (7267 JP)

BIG ¥500bn Honda (7267) Offering Coming?

A Reuters article today suggested Japanese non-life insurers and other financial holders would combine to launch a ¥500bn secondary offering on...

Travis Lundy

Honda Motor Co.: What Is The Positioning of Hybrid in Electrification Strategy? - Major Drivers

Honda Motor's earnings of FY '24 reveals that the mobility company has been posting a historic high operating profit of JPY 1,381.9 billion, with...

Baptista Research

Tech Supply Chain Tracker (18-May-2024): AI PC term will be obsolete soon, tech titans predict at pre-Computex event.

Tech titans foresee AI PCs replacing current technology; Disney and Warner's streaming partnership shakes up the market; ASML's innovation drives...

Tech Supply Chain Tracker

Japan CorpGovReport Details: TSE "Mgmt Conscious of Capital Cost/Stock Price" Details (Jul24)

There were 1,670+ new Corporate Governance Reports filed in the month of June. That includes a 27 updates of "Implementing Mgmt Consciousness of...

Travis Lundy

Honda Motor Co.: Wage Hike Considerations & Global Economic Context – Major Drivers

Honda Motor delivered a disappointing set of results as it was unable to meet the revenue and earnings expectations of Wall Street. The motorcycle...

Baptista Research

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