Global Mobility/Transport, Equity Long-Short

Mohshin Aziz

Capital market veteran with 22 years experience with stints as an analyst (sell-side & buyside), investor relations and fund manager. 

My key expertise in the aviation sector. My definition of "aviation" includes airlines, travel tours, airports, airport retail & services, OEMs, online travel agents, aircraft lessors, air cargo/logistics, etc.   

I have an active watchlist consisting 190 companies across 41 countries. The aviation sector is highly cyclical and I am constantly evaluating signals to uncover attractive trade opportunities.

The Hunt for the Japanese Laggards, Here Are 47 Attractive Companies

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/paltac-corporation" target="_blank" data-smartkarma-citation="entities:20014:1" rel="noopener">Paltac Corporation (8283 JP)</a> is a good candidate to boost its shareholder value via share buybacks as it net cash and has fairly low P/BV and PE </li>
<li>Management has elaborated a detailed plan to boost its P/BV ratio, with targets to boost revenues and profit margins, as well as a 30% dedicated payout for dividends </li>
<li>Our fair value is JPY4750 (3% UPSIDE) pegged to 14.7x (its LT mean) FY2024 earnings; as FY2024 earnings guidance is a lowly 5%. Management needs to do more  </li>
</ul>



Paltac Corporation (8283 JP) is a good candidate to boost its shareholder value via share buybacks as it net cash and has fairly low P/BV and PE 
Management has elaborated a detailed plan to boost its P/BV ratio, with targets to boost revenues and profit margins, as well as a 30% dedicated payout for dividends 
Our fair value is JPY4750 (3% UPSIDE) pegged to 14.7x (its LT mean) FY2024 earnings; as FY2024 earnings guidance is a lowly 5%. Management needs to do more  


Japanese Laggard Opportunity #3: Paltac Corporation (8283 JP)