In today’s briefing:
- Last Week in Event SPACE: Fuji Soft, Jardine Matheson, Exedy, Henderson
Last Week in Event SPACE: Fuji Soft, Jardine Matheson, Exedy, Henderson
- Buy dips on the possibility that 3DIP would not agree to Bain. Otherwise, at ¥9,000 Fuji Soft (9749 JP) is a buy, and at ¥9,500, it’s probably a sell near-term.
- Drilling down into its balance sheet uncovers additional value for Jardine Matheson Holdings (JM SP); but not enough to move the needle
- Exedy Corp (7278 JP) completed its buyback. Murakami Group bought more. The stock (pro-forma) is at 0.62x book, 0.54x book for the non-cash portion. There’s LOTS of cash left.
💡 Before it’s here, it’s on Smartkarma
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