Tokyo Kiraboshi FG (7173 JP): Shooting Star

Tokyo Kiraboshi Financial Group (7173 JP): All That Glitters Is Neither Gold Nor Star Quality

Tokyo Kiraboshi Financial Group (7173 JP): Red Dwarf

Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

Tokyo Kiraboshi Financial Group / Equity Bottom-Up

Tokyo Kiraboshi Financial Group (7173 JP)

<p>This bank is just too cheap. It trades on 0.4x book and yields 2%. Yet the company is not covered by analysts for some unknown reason. However, as it is Tokyo based, it is better placed than most regional banks to benefit from an improving domestic economy. It is also undertaking a significant cost cutting and integration programme that will help grow core business profits from the current Y10bn to Y20bn by 3/23.</p><p>This is the result of the October 2014 merger of Tokyo Tomin Bank (8339), Yachiyo…</p>

This bank is just too cheap. It trades on 0.4x book and yields 2%. Yet the company is not covered by analysts for some unknown reason. However, as it is Tokyo based, it is better placed than most regional banks to benefit from an improving domestic economy. It is also undertaking a significant cost cutting and integration programme that will help grow core business profits from the current Y10bn to Y20bn by 3/23.This is the result of the October 2014 merger of Tokyo Tomin Bank (8339), Yachiyo…

Tokyo TY Financial Group (7173). This Bank Is Far Too Cheap.