Mizuho Cross-Shareholding - US$11bn of Cross-Shareholding, with at Least US$2bn to Sell over FY24-26
Following up on our earlier cross-shareholding notes, in this note we look at Mizuho Financial Group (8411 JP)'s cross-shareholding.
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Risks Ahead for Japanese Trading Companies. Marubeni, Mitsui, Sumitomo, Mitsubishi
The investment thesis is starting to work as the reasoning behind the trade is playing out as the Japanese Yen strengthens.
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MitCorp (8058 JP) Earnings and Buyback - Shareholder Structure Matters
MitCorp announced good earnings, a lower FY23 forecast (expected as commodity-related over-profitability falls back), and a large buyback. It is...
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Japan Infrastructure Fund (9287JP): Mizuho Leasing (8425 JP)’s Tender Offer Is Light but Likely Done
The offer is light, as it is below book value and the midpoint of the IFA-adjusted book valuation range. However, a dispersed shareholder register...
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Maynilad Water Services IPO Trading - Main Peer Has Corrected, Still at a Yield Discount
Maynilad Water Services (MWS) raised around US$520m in its Philippines IPO. In this note, we talk about the trading dynamics.
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