bearish
Zeus Co: Listing of JET Co Japanese Subsidiary and NAV Valuation
350 Views30 Aug 2023 04:18
SUMMARY
- Our NAV valuation of Zeus Co suggests an implied price target of 32,991 won, which is 13% lower than current share price.
- Given the lack of upside, we would avoid Zeus shares at current prices.
- Currently, JET Co is listed on Tokyo PRO Market Exchange. JET Co is expected to switch its listing to the Tokyo Standard Market Exchange.
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