In today’s briefing:
- Appier Group (4180 JP): Now TOPIX-Ready!
- NEC (6701) | Significantly Undervalued with Upcoming Catalyst
- Net Marketing Japan (6175) “MBO” Tender Offer – Done Deal
Appier Group (4180 JP): Now TOPIX-Ready!
- In February 2022, I discussed why Appier Group (4180 JP) could be an interesting TOPIX Inclusion Candidate in TOPIX Inclusion Pre-Event: Appier Group (4180 JP)
- Earlier this month, I reiterated my view in TOPIX Inclusions: Who Is Ready (Aug 2022) identifying Appier Group as the best pick among all current TOPIX Inclusion candidates.
- Since my last insight, the share price has risen sharply and that has important implications for the company’s Prime market ambitions.
NEC (6701) | Significantly Undervalued with Upcoming Catalyst
- NEC is geared into two mega-trends that will drive 9% CAGR in EBITDA through 2025
- NEC is a beneficiary of DX (digital transformation) in Japan and global 5G, which are both just starting to take off
- NEC Investment Day may be short-term catalyst, but it is the undervaluation relative to the long-term opportunity that is mispriced
Net Marketing Japan (6175) “MBO” Tender Offer – Done Deal
- Bain Capital Private Equity launched a deal for Net Marketing (6175 JP) at a 63% premium.
- That should be enough to get it done on its own, despite coming below the IPO price of 5yrs ago.
- In any case, Shareholder Structure makes this a completely done deal.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
