Z Holdings (Buy) Q3 21 Results Reaction: Mostly Positive as Ad Sales Continues to Impress

Softbank Corp (Buy) - Growth/Value Hybrid Has Been Left Behind by Telco Peers

Z Holdings (Buy) - FY22 Should Be Brighter

Z Holdings - Great Expectations On (The) LINE (Initiation of Coverage)

Z Holdings (Buy) - Asian Fintech App IPOs Highlight Potential PayPay Upside

Z Holdings (Buy) Q1 21 Results Reaction: Ad Revenue Growth Stands Out

Z Holdings Q4 20 Results: Good Numbers as LINE Era Kicks Off

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/z-holdings-corp" target="_blank" data-smartkarma-citation="entities:19603:1" rel="noopener">Z Holdings (4689 JP)</a>  has posted a second solid quarter with LINE fully consolidated and the company’s first ¥100bn EBITDA quarter is a tantalizing sign of things to come although markets may have to wait for big gains in profitability as full-year guidance remains unchanged. The bad news is H2 comparables will get harder and management is committed to investing for growth over near-term profit expansion but LINE-fueled core performance and long-term potential remain enticing. We are raising our target price from ¥680 to ¥750 and remain at Buy.</p>

Z Holdings (4689 JP)  has posted a second solid quarter with LINE fully consolidated and the company’s first ¥100bn EBITDA quarter is a tantalizing sign of things to come although markets may have to wait for big gains in profitability as full-year guidance remains unchanged. The bad news is H2 comparables will get harder and management is committed to investing for growth over near-term profit expansion but LINE-fueled core performance and long-term potential remain enticing. We are raising our target price from ¥680 to ¥750 and remain at Buy.

Z Holdings (Buy) Q2 21 Results Reaction: Mostly Positive but Guidance Unchanged

LY

Z Holdings (Buy) Q2 21 Results Reaction: Mostly Positive but Guidance Unchanged