PHC Holdings IPO: Valuation Insights
Our valuation analysis suggests that PHC is fully valued at the indicative price. In combination with the mixed fundamentals, we would pass on the...
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PHC Holdings Pre-IPO - Peer Comparison
PHC Holdings and its shareholders aim to raise around US$1.8bn via selling a mix of primary and secondary shares in its Japan IPO. The company is...
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TSE Prime: Japan's Corporate Governance Code Finalized So Boxes Will Be Furiously Ticked
The TSE on Friday announced the revisions to the Governance Code. This codifies the "governance thresholds" required to join TSE Prime next year....
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Social Bonds: Here Come the Next Green Bonds
Social bonds are the new green bonds as COVID-19 has made investors realize social development is as important as environment. Here is our...
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🇯🇵 JAPAN - Stress Tests Part 4 - From Free Cash Flow to Change in Cash
FROM FREE CASH FLOW TO CHANGE IN CASH - In Parts 2 and 3 of this series, we covered Operating Cash Flow, Fixed Asset Cash Flow and Inventory Cash...
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