Japan Specialist

Mark Chadwick

Equity Bottom-Up

MarketEnterprise Co Ltd / Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/marketenterprise-co-ltd" target="_blank" data-smartkarma-citation="entities:29663:1" rel="noopener">MarketEnterprise Co Ltd (3135 JP)</a> (ME) operates a unique online only reuse (or second hand) business.
The business model focuses on niche product verticals that generate high average sales prices and rapid inventory turns. 
The overall market is large but highly fragmented. ME focuses on those areas where it enjoys a competitive advantage. This has resulted in 23% CAGR top-line growth over the past five years.
At a market cap of just US$130m, the stock has yet to be discovered by foreign investors. The underlying business model is clearly aligned with SDG12 for Responsible Consumption and Production.
ME is potential partner for large manufacturers like Panasonic to outsource their reuse programs. 
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/160/578/original/image_70749536101600744013154.png?1600744013" class="editor-image img-responsive" data-smartkarma-image-id="160578"></figure>

MarketEnterprise Co Ltd (3135 JP) (ME) operates a unique online only reuse (or second hand) business.
The business model focuses on niche product verticals that generate high average sales prices and rapid inventory turns. 
The overall market is large but highly fragmented. ME focuses on those areas where it enjoys a competitive advantage. This has resulted in 23% CAGR top-line growth over the past five years.
At a market cap of just US$130m, the stock has yet to be discovered by foreign investors. The underlying business model is clearly aligned with SDG12 for Responsible Consumption and Production.
ME is potential partner for large manufacturers like Panasonic to outsource their reuse programs. 


Small Cap Growth: Market Enterprise (3135) - Sustainable Living

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Japanese online grocery delivery service provider <a href="https://www.smartkarma.com/entities/oisix-ra-daichi-inc" target="_blank" data-smartkarma-citation="entities:10145:1" rel="noopener">Oisix Ra Daichi (3182 JP)</a>  <a href="https://www2.tse.or.jp/disc/31820/140120200409491444.pdf" target="_blank" rel="noopener">confirmed on 30th March</a> that it had received approval to move from the Mothers market to the First Section of the Tokyo Stock Exchange as of 9th April. <div>
TSE1 reassignment triggers inclusion into the TOPIX Index and we expect that the inclusion event will be at the close of trading 28th May 2020.
With Japan going into lock down, online grocery delivery services are experiencing a spike in demand and understandably, such e-commerce businesses have outperformed the broader market in recent weeks. 
In this insight, we take a look at the parameters of the TOPIX Inclusion event and the fundamentals of the company to evaluate if there is potential for further upside to this stock.
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Japanese online grocery delivery service provider Oisix Ra Daichi (3182 JP)  confirmed on 30th March that it had received approval to move from the Mothers market to the First Section of the Tokyo Stock Exchange as of 9th April. 
TSE1 reassignment triggers inclusion into the TOPIX Index and we expect that the inclusion event will be at the close of trading 28th May 2020.
With Japan going into lock down, online grocery delivery services are experiencing a spike in demand and understandably, such e-commerce businesses have outperformed the broader market in recent weeks. 
In this insight, we take a look at the parameters of the TOPIX Inclusion event and the fundamentals of the company to evaluate if there is potential for further upside to this stock.


TOPIX Inclusion: Oisix Ra Daichi (3182 JP)

Japan

SOU Inc. operates merchandise stores. The Company mainly purchases and sells branded goods, precious metals, antique items, and other products. SOU offers services in Japan.

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Valuence Holdings (9270 JP)

Small Cap Growth: Market Enterprise (3135) - Sustainable Living

MarketEnterprise Co Ltd (3135 JP)

Mark Chadwick

TOPIX Inclusion: Oisix Ra Daichi (3182 JP)

Japanese online grocery delivery service provider Oisix Ra Daichi (3182 JP) confirmed on 30th March that it had received approval to move from the...

Janaghan Jeyakumar, CFA

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