In today’s briefing:
- Weekly Deals Digest (11 Jun) – Toshiba, Chindata, Yitai Coal, Eoflow, Estia, Origin, Amman Mineral
- Rohm (6963 JP): Taking the Long View
- Advisors’ Disclosure Is Inadequate and Other Companies May Have Similar Cases
- From Bottlenecks to Breakthroughs
Weekly Deals Digest (11 Jun) – Toshiba, Chindata, Yitai Coal, Eoflow, Estia, Origin, Amman Mineral
- A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
- ECM developments – Amman Mineral Internasional (1416286D IJ), Tata Technologies (TATATECH IN), JD Industrials (2231713D CH) IPOs.
- Event-Driven developments – Toshiba Corp (6502 JP), Chindata Group (CD US), Eoflow (294090 KS), Inner Mongolia Yitai Coal Company Ltd (3948 HK), Estia Health (EHE AU), Origin Energy (ORG AU).
Rohm (6963 JP): Taking the Long View
- Share price performance has been strong in spite of pressure on margins from heavy investment in power semiconductors for electric vehicles.
- Management’s medium-term targets are ambitious, but could be achieved in a reasonably favorable economic environment.
- Projected valuations compare favorably with historical ranges. The primary risk to investors appears to be over-optimism.
Advisors’ Disclosure Is Inadequate and Other Companies May Have Similar Cases
- Corporate governance report and securities report were inadequate because it was not possible to get a complete picture of how many advisors other than ex-CEOs were involved in the company.
- Mitsubishi Electric, which has suffered scandals, has revealed that “senior advisors” have been involved in its management. However, it is possible that advisors influence management at other companies as well.
- The ex-CEO isn’t necessarily in charge of industry association activities, the compensation of the advisors is undisclosed, and Mitsubishi Electric still has a ways to go in improving management transparency.
From Bottlenecks to Breakthroughs
- The evolution of the digital age over the last two decades has seen an uninterrupted growth trajectory for the data center market, with demand being driven by increasing storage and computing requirements, as well as the widespread shift from on-premises infrastructure to cloud solutions.
- Developments in software applications and IT have reshaped the way clients interact with data, instigating a significant expansion of data center inventory.
- As the wheel of progress spins inexorably forward, Fortune 500 companies are turning their gaze toward the vast and uncharted frontier of Artificial Intelligence (AI) and its applications.
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