Gearing up in Japan - Buy SMFG
Our base case for the Nikkei has called for a test on the key 20,900 barrier with an initial rejection to build steam to challenge and clear the...
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Initiating Coverage of Resona Holdings With FVE of JPY 590; Shares Slightly Undervalued
Resona Holdings Inc (8308 JP) is one of Japan’s best comeback stories after the bank fell into a massive capital deficit that required a...
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Mitsubishi UFJ Financial Group: Upside Potential?
Last May, Mitsubishi UFJ Financial Group (MUFG) announced a shrinking net profit for 2016-2017[1] that was also short of analysts’ estimates as...
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Mitsubishi UFJ Financial Holdings – USD Shortfall Implies Major American Restructure
Despite Mitsubishi UFJ Financial Group (8306.JP/ MTU.US) [MUFG] being flush with liquidity in Japan given its surplus JPY deposits, the company...
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Price Momentum and Earnings Revisions Do the Best in September / Value Does Not Do Well....
We looked at what factors do the best in September in Japan and as you can see by the chart below found that longer-term price momentum and...
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