Hyundai Motor India Pre-IPO - Thoughts on Valuation
Hyundai Motor (005385 KS) is looking to raise around US$3bn via listing its India unit, Hyundai Motor India. In this note, we talk about valuations.
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Toyota's BIG Buyback Via Tender Offer from Banks & Insurers
Toyota today announced an ¥800bn Tender Offer Buyback to buy back one-third of the equity stakes held by major non-life insurers. They, in turn,...
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ASICS Placement Updates - Share Pop Done, Now Needs to Correct
A group of shareholders aims to raise around US$1.3bn via selling around 11% of ASICS Corp (7936 JP). We have looked at the deal dyanmics in our...
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Big Honda (7267) Offering - Flow Timing Matters
The Honda Offering is BIG at ¥500bn but over time, the net overhang is substantially reduced by behavioural expectations, passive buying, a...
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Koito Mfg (7276) Bounces The Same as It Bounced in March On the Same News - An Echo? Meh Again.
Koito Mfg popped 19% today on an interview with the CFO showing as a headline in the Nikkei. The contents? The MTMP from 9 weeks ago and the end...
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