I am VERY bullish on the cheap logistics corner of my cheap JP basket. It's the biggest part of the basket currently (~20%). The #1 name is the basket is Nissin Corp (9066) followed by Keihin (9312) which collectively make up almost half the logistics names I own in weight. The other half? 9063, 9036, 9361, 9311, 9362, 9087, 9034, 9060, 9319, 9365
Recap: on 10/18 Dojima Kissen launched a tender offer out of the blue for 20% of 9362. Co today said they withholding opinion on tender.
today a public co (5444) entered into discussions for capital alliance with 9362. (bidding war?). Or more likely an attempt by company to fend off tender via deal with 5444? Either way this name has gone up quite a bit. I have not sold. In fact, I added a little bit recently.
I don't keep track of them too closely. I see earnings on my holdings through IBKR news area. I check the IR sections of a few of my bigger holdings regularly too.
I am VERY bullish on the cheap logistics corner of my cheap JP basket. It's the biggest part of the basket currently (~20%). The #1 name is the basket is Nissin Corp (9066) followed by Keihin (9312) which collectively make up almost half the logistics names I own in weight. The other half? 9063, 9036, 9361, 9311, 9362, 9087, 9034, 9060, 9319, 9365
Just the link that can be used to find comparable land values makes this article worthy of a read!
All the JREITs list their properties/appraiasals, but that JREIT database is super helpful!
Hyoki Kaiun Kaisha (9362) trading above 3,270 tender price.
Recap: on 10/18 Dojima Kissen launched a tender offer out of the blue for 20% of 9362. Co today said they withholding opinion on tender.
today a public co (5444) entered into discussions for capital alliance with 9362. (bidding war?). Or more likely an attempt by company to fend off tender via deal with 5444? Either way this name has gone up quite a bit. I have not sold. In fact, I added a little bit recently.
Looks like this cheap logistics name got a tender offer @ ¥3,250. Way too cheap!
I think P/E is not very useful. Instead I would use EV/EBIT, which is much better supported by historical backtests.
How are PE, or dividend yield considered operating metrics?
Thanks for sharing.
Wow, what's up with it today? Big move that isn't mirrored in the rest of your basket
They got a tender offer at 3,250 jpy a share. Too cheap.
https://x.com/altaycapital/status/1847146385508126744?s=46
I don't keep track of them too closely. I see earnings on my holdings through IBKR news area. I check the IR sections of a few of my bigger holdings regularly too.