Japan Morning Connection: US Semis and Tech Set a Bullish Tone for Japan's SPE Majors
US semiconductors and tech related setting a bullish tone for JP SPE. Steep drop in oil to hit Japex, Index and refiners. Fujitsu may face downside...
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Japan Morning Connection: Oil Through $80 While P&C Take a Hit on Hurricane Milton
Positive sales numbers and new product launches from SMCI could benefit Nidec; P&C weakness expected due to Hurricane Milton; Oil above $80...
198 Views
Tokyo Metro IPO - Will Price at the Top, but Isn’t Particularly Cheap
Tokyo Metro (9023 JP)'s shareholders aim to raise up to US$2.4bn in its Japan IPO. In this note, we look at the valuation in the IPO price range.
460 Views
Tokyo Metro IPO - Thoughts on Valuation
The price range for the IPO has now been set at JPY1,100-1,200/share, which still looks fairly attractive in our view and would provide a good yield.
672 Views
Tokyo Metro IPO - Peer Comparison - Pre-COVID to 1Q25
Tokyo Metro (9023 JP)'s shareholders aim to raise up to US$2.3bn in its Japan IPO. In this note, we undertake a peer comparison.
282 Views