In today’s briefing:
- Medical Data Vision (3902) – SBI Upping Their Stake Means Opportunity
- Last Week In Event SPACE: JSR, Intouch/Thaksin, Softbank/ARM, M&A Research, Premier
- ECM Weekly (27th August 2023) – ARM, Integral, Doosan, Samhi, JSW, TVS, Zeekr, Coforge, APA
- For Diversity to Be Perceived as Not Special, Managers’ Recognition Needs to Move Toward DE&I
Medical Data Vision (3902) – SBI Upping Their Stake Means Opportunity
- On Friday after the close, SBI Holdings (8473 JP) – which currently owns 24.63% of Medical Data Vision (3902 JP) – announced it would buy another 2,043,200 shares.
- This market purchase would lift them to just under 30% by year-end.
- There have been similar trades done by others in the past and they were worth looking at.
Last Week In Event SPACE: JSR, Intouch/Thaksin, Softbank/ARM, M&A Research, Premier
- Why is JSR Corp (4185 JP) trading wide? FUD and Flows.
- Intouch Holdings (INTUCH TB) plumbs new 12-month lows for its implied stub, and NAV discount as the former PM returns from exile.
- You would NOT want to short M&A Research Institute (9552 JP) into the inclusion. But the ascension to TOPIX is not a surprise.
ECM Weekly (27th August 2023) – ARM, Integral, Doosan, Samhi, JSW, TVS, Zeekr, Coforge, APA
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- ARM Holdings finally made its IPO filings public, while Doosan Robotics too kicked of its much awaited listing.
- In the placement space, Union Bank Of India (UNBK IN) managed to upsize its offering, while APA Group (APA AU) pulled off a non-accretive acquisiton.
For Diversity to Be Perceived as Not Special, Managers’ Recognition Needs to Move Toward DE&I
- Metrical’s research shows that % of female board members has significant positive correlation with ROE(2019), with ROA(2020), with ROA and Tobin’s Q(2021), and with ROE, ROA and Tobin’s Q(June 2023).
- A measure of a company’s seriousness about diversity is the ratio of internal executive directors. Female directors rely heavily on outside directors and are rarely promoted from within the company.
- To bring value to a company, diversity must be built in at every workplace level, but fewer female employees than male are promoted to managerial positions in two-thirds of companies.
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