In today’s briefing:
- Bank of Kyoto (8369) – Not a Normal Regional Bank
- 2022 On-Chain
Bank of Kyoto (8369) – Not a Normal Regional Bank
- Bank of Kyoto (8369 JP) is a classic “deep value” trade. It has a low PBR, and… “Dude, it’s equity portfolio alone is worth more than the whole bank.”
- It has a larger market cap than most super-low PBR Japanese regional banks, is more liquid, and the narrative is quite easy to tell.
- Japanese Banks are the hottest new thing but unless you think This Particular Leopard is going to change its spots, it is still best thought of as a range trade.
2022 On-Chain
- There are many different ways to analyse and understand crypto markets.
- On-chain analysis can be used to both understand a network’s fundamental health and provide some unique insights for potential investment opportunities over different time horizons.
- On-chain data in 2022 provided an interesting picture and offered a deeper understanding of the bear market that we sat through and hope for the future.
💡 Before it’s here, it’s on Smartkarma
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