Quality-first, Business-perspective Strategy, Urbem (HK) Limited

Steven Chen

Steven CHEN is a quality-first, business-perspective investor.

Steven can be reached at schen@urbem.cn or steven@hillsidewealth.ca.

Quality-first, Business-perspective Strategy

Our Takeaways From The Recent Results - Nihon M&A Center, Kakaku.com Inc., ORO Co.

Nihon M&A (2127 JP): The Most Liquid Way to Play Japan's Structural M&A Opportunity

Nihon M&A Center: Kishida’s New Initiatives Towards SMEs to Accelerate Growth

A Deeper Look into Japan's SME M&A Advisory Boutiques

Nihon M&A Center: Superior Quality But Hefty Valuation

Equity Bottom-Up

<ul>
<li>Japan's largest M&amp;A advisor for SMEs reported its Q2 results for the current FY ending March 2021;</li>
<li>The company continued to underperform its major peers in growth throughout the pandemic;</li>
<li>The economic moat remained intact, in our opinion, and venturing businesses kept booming;</li>
<li>We see the decline in volume as a major risk to our previous valuation assumption and will keep a close eye in this regard.</li>
</ul>


Japan's largest M&amp;A advisor for SMEs reported its Q2 results for the current FY ending March 2021;
The company continued to underperform its major peers in growth throughout the pandemic;
The economic moat remained intact, in our opinion, and venturing businesses kept booming;
We see the decline in volume as a major risk to our previous valuation assumption and will keep a close eye in this regard.


Nihon M&A Center: Our Takeaways From The Q2 Results