Asian Stars Are Aligning With MUFG’s Acquisition of an Indonesian Bank; Shares Undervalued
We see upside to our fair value estimate for Mitsubishi UFJ Financial Group, or MUFG, following a series of positive developments that include a proposal to acquire at least 73.8% of Indonesia's Bank Danamon for an estimated sum of JPY 700 billion through Bank of Tokyo-Mitsubishi UFJ, or BTMU. For MUFG, adding more risk weighted assets will not result in any notable strain on its strong balance sheet as this should only pressure its Core Equity Tier1 ratio by 10 basis points per 20% equity stake...Mitsubishi UFJ Financial Group is financial groups with total assets of Y297,185,019 million as of Mar. 31, 2017. Co. is the holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Holdings Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd., and other companies. As a bank holding company, Co. is regulated under the Banking Law of Japan. Its services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services.
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