In today’s briefing:
- Toshiba – These Are The Days Of Our Lives
- Two Nuclear ETFs Listed Today (KINDEX & HANARO): Passive Flow Outlook
- KEI Industries Ltd- Forensic Review
Toshiba – These Are The Days Of Our Lives
- At last year’s Toshiba AGM we had an elected director resign because the sitting chairman was rejected.
- This year we have another director resigning because two other directors weren’t rejected.
- Now all we are really waiting for in this drama is for Kurumatani’s hitherto unknown identical twin, separated at birth, to show up with a plot for revenge or something…
Two Nuclear ETFs Listed Today (KINDEX & HANARO): Passive Flow Outlook
- Nuclear power is a landmark policy that Korea’s current administration heavily pushes. In response, the local market has quickly launched nuclear thematic ETFs: KINDEX & HANARO, which got listed today.
- Nuclear power is likely to become the next big thing, AUM-wise, similar to the secondary battery-themed ETFs under the former administration.
- Since most of these nuclear stocks have significantly smaller market caps than those battery ones, the actual flow impact is likely to be more significant.
KEI Industries Ltd- Forensic Review
- Kei Industries (KEII IN) has become a well known player in the cable industry.
- However, if we look at the financials, there are several areas which catch attention as far as forensic checks are concerned.
- Some of the key forensic takeaways include effect of mis-statement of cash flows, increase in receivables, change in inventory valuation, significant contingent liabilities etc.
Before it’s here, it’s on Smartkarma
