Daily Brief Industrials: Sanyo Trading, Hoegh Autoliners, Srg Takamiya and more

• Sanyo Trading (3176 JP) is a small specialised trading company (rubber, polymers, elastomers, etc). Niche, decent profitability/margins, highish ROE.
• Banks in the MUFG and SMBC family are selling. Norinchukin is selling a bit too. 
• This is small in size but big in impact. 20% of Max RWF. 50d ADV. Unlike other recent, larger, offerings, this has no flow mitigants. But it’s cheap.

• China is focusing on dominating the export market for light vehicles, yellow machinery, mining equipment, and wheeled equipment transported on Ro-Ro vessels
• Chinese manufacturers are flooding the market with goods and using government subsidies to increase exports
• Shortage of global seaborne transport capacity is the main obstacle, driving Ro-Ro rates to extreme levels, but Chinese exporters are eager to expand their market share.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Takamiya announced its 3Q FY24/3 consolidated sales of ¥32,183 mn (+4.9% YoY), operating profit of ¥2,405 mn (+49.7% YoY), ordinary profit of ¥2,526 mn (+46.5% YoY), and profit attributable to owners of parent (hereafter, net profit) of ¥1,727 mn (+46.9% YoY).
• All the segments, sales business, rental business and overseas business, posted an increase in operating profit YoY.
• Especially, rental business became a driving force of the expansion of the whole business.