The share price of Demae-can has been on a good run since its FY22 Q3 earnings release on 15 Jul, up 50%, as investors cheered a narrower guided operating loss despite a more modest top-line growth target. The stock, however, is still 84% below its recent 17 Dec 2020 peak. It is one of the Covid-related beneficiaries sold off when we passed the Covid-19 pandemic, with investors believing the expansion rates would decelerate. In this report, we review the company’s business models, assess how thi...
Demae-Can is looking to raise up to a total of JPY80bn (US$730m) from a combination of overseas offering to investors and share sale to Z Holdings and Naver Corporation. In this note, we will take a brief look at deal dynamics, fundamentals, and run the deal through our ECM framework.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Demae-can's share price has plunged 56% YTD as investors have grown concerned about the threat from intensifying competition. In this report, analyst Thao Nguyen reviews the company’s current status, highlighting its competitive advantages and growth potential. She concludes that although near-term losses are unavoidable, the company’s long-term outlook is promising.
Commanding a claimed 50% of Japan’s food delivery business, for Demae-can, food amid Lockdown and restaurants under the cosh of the pandemic have been front and centre recently. In this report, Thao Nguyen discusses its business alliance with LINE, the fierce competition in this space, and the prospects for Demae-can achieving profitability amid the roll-out of its new business lines.
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