Research from Mita Securities, Mita Securities

Mita Securities

Mita Securities provides a full scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services.

Research from Mita Securities

Equity Bottom-Up

<ul><li>Our top pick is S Foods (2292). Focal points: 1) its strength in meat wholesaling to restaurants, and 2) the US meat packer business benefiting from increased demand</li><li>Koshidaka HD (2157): We raised TP from 700 yen to 820 yen, given the company’s aggressive business stance.</li><li>IBJ (6071): The company announced to sell of its unprofitable businesses. Also, recovery in the number of marriages expected going forward.</li></ul>

Our top pick is S Foods (2292). Focal points: 1) its strength in meat wholesaling to restaurants, and 2) the US meat packer business benefiting from increased demandKoshidaka HD (2157): We raised TP from 700 yen to 820 yen, given the company’s aggressive business stance.IBJ (6071): The company announced to sell of its unprofitable businesses. Also, recovery in the number of marriages expected going forward.

List of Covered Stocks (26 November 2021)

S Foods Inc

List of Covered Stocks (26 November 2021)