Last Week in Event SPACE: Bank Permata, China Agri, Ayala, GMO, NTT, Tokyo Broadcasting

Last Week in Event SPACE ...

• Bank Permata (BNLI IJ) is worthwhile owning here. It is worthwhile buying dips too.
• The China Agri Industries Hldgs (606 HK) deal is done and dusted as the IFA positively signs off.
• GMO Internet (9449 JP)'s buyback, at the current share price, is only 6.9mm shares, which is 6.1% of shares outstanding, and a chunk of that will likely be done off-market. But it's a start.
• Ayala Corporation (AC PM) is oversold as the impact from various government probes into utility contracts appear minimal. Manila Water Co (MWC PM) is now out of its hands.
• NTT (Nippon Telegraph & Telephone) (9432 JP)'s CEO said the company plans more buybacks and securitizations. This tells you all you need to know. NTT vs NTT Docomo Inc is the trade.
• Tokyo Broadcasting System (9401 JP) throws shareholders a tiny bone, with most of the meat already picked off.

• Plus, other events, CCASS movements and Mood Spins.