In today’s briefing:
- Nikkei 225 Rebalance Day – Shinsei Dip Chance?
- Toyo Construction (1890) Funkier Still
Nikkei 225 Rebalance Day – Shinsei Dip Chance?
- The Nikkei 225 Rebalance to boot Shinsei Bank (8303 JP) and add Orix Corp (8591 JP) occurs today at the close.
- The announcement was not a surprise per se, but BOTH have outperformed their Peer Baskets since the announcement, ORIX by a long ways.
- ORIX is a bigger deal, Shinsei is worth buying a dip.
Toyo Construction (1890) Funkier Still
- Toyo Construction (1890 JP) situation changes day by day. In three days we have three Large Shareholder Report filings as The Expected Activist ducked out, replaced by A New Entrant.
- Now one has to consider what the rest of this week has looked like.
- And we wonder who it is, but reading between the lines can get you to a place where one might see what the aim is.
Before it’s here, it’s on Smartkarma
