In this briefing:
- Smartkarma’s Week That Was in JP/KR: Aruhi, Rakuten-Lyft, Ecopro BM, & English Annual Reports
- Another US LNG Project Goes Ahead: Positive for the Contractors; Negative for Others Looking to FID
1. Smartkarma’s Week That Was in JP/KR: Aruhi, Rakuten-Lyft, Ecopro BM, & English Annual Reports
KOSPI is up 9.4% and Nikkei is up 7.8% YTD. It has been an active first two months of 2019. Many stocks have retraced to the previous resistance levels in November/December 2018. In the past week, the following reports that are relevant for Japan and Korea have received a lot of interest among Smartkarma readers:
- Will Rakuten Get A Near-Term Lyft?
- Value-Enhancing 5G Spectrum Allocations on the Way for KDDI, DoCoMo, Softbank and Rakuten
- Aruhi Placement – Bigger than the IPO but Good Track Record and Price Performance Should Help
- Nintendo Offering & Buyback: The Import & The Dynamics
- Celltrion Healthcare: Well, We Were Warned
- DHICO (Doosan Heavy) Rights Offer: Conditions & Timetable
- A Trading Strategy for EcoproBM Post IPO
- Korean Stubs Spotlight: Close the Pair Trade Between BGF Co. & BGF Retail
2. Another US LNG Project Goes Ahead: Positive for the Contractors; Negative for Others Looking to FID
US private LNG company Venture Global is starting construction on its 10 million ton per annum (mtpa) US LNG export facility in Louisiana after gaining approval from the US Federal Energy Regulatory Commission (FERC). This is positive for the LNG contractor market and we discuss the companies involved in the project.
This follows final investment decision taken on Golden Pass (Exxon and Qatar Proceed with US$10bn Golden Pass LNG Terminal: Positive for Chiyoda and MDR US) and supports our thesis of a large wave of new projects that will be sanctioned in the coming months (A Huge Wave of New LNG Projects Coming in the Next 18 Months: Positive for The E&C Companies). This was viewed as a relatively speculative project and with aggressively low cost and timing estimates.
Get Straight to the Source on Smartkarma
Smartkarma supports the world’s leading investors with high-quality, timely, and actionable Insights. Subscribe now for unlimited access, or request a demo below.
