In our latest Asia Monthly, we discuss the performance of major Asian credit indices and review UST curve movements in February 2026. We also provide a recap of major news and macroeconomic releases, including those from the US, China, India, Indonesia and Japan. In addition, we summarise the top/bottom performers, recent USD bond issuances and rating actions in Asian corporate credit, as well as a list of our recent research. The Asia Monthly publication serves to keep investors updated on...
A director at A10 Networks Inc sold/sold after exercising options 100,000 shares at 20.555USD and the significance rating of the trade was 65/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors...
Rakuten reported mixed numbers as revenue and EBITDA were led by a stronger FinTech. Mobile is still not seeing any significant improvement and although data usage has risen rapidly, this was again not reflected in ARPU. Management outlined plans to invest ¥200bn in capex for Mobile in FY26. We maintain our Reduce call with a ¥510 price target.
Due an investigation into its subsidiaries, KDDI results were restated and may be subject to further revision. Based on the results of the investigation, final corrected results will be reported by end March 2026. We comment on current preliminary results. On that basis, KDDI had a good quarter. Total Revenue and EBIT accelerated and were up 4.6% and 8.6% respectively. Softbank Corp remains our preferred pick in Japan, followed by KDDI and NTT.
In our latest Asia Monthly, we discuss the performance of major Asian credit indices and review UST curve movements in January 2026. We also provide a recap of major news and macroeconomic releases, including those from the US, China, India, Indonesia and Japan. In addition, we summarise the top/bottom performers, recent USD bond issuances and rating actions in Asian corporate credit, as well as a list of our recent research. The Asia Monthly publication serves to keep investors updated on ...
Japan’s Generative AI app market accelerated sharply in 2025, led by AI Assistant apps, with downloads up +126% YoY and in app purchase (IAP) revenue surging 329% YoY. ChatGPT dominated the category, ranking No.1 among GenAI apps by both downloads and IAP revenue. It is also the top non game app by downloads in Japan. Despite rapid adoption, domestic developers remain under represented, creating a strategic opportunity for ecosystem embedded players. Analyst Thao Nguyen highlights Rakuten as a b...
Rakuten’s AI strategy has evolved from experimentation to generating tangible impacts. Analyst Thao Nguyen explains what distinguishes Rakuten from both global and domestic peers and the firm’s commitment to provide AI for everyone and how that translates into earnings.
In our inaugural Asia Monthly for 2026, we share our regional credit outlook for the year, with a focus on China, Macau, India and Indonesia. We also provide a review of 2025, in which we discuss the performance of major Asian credit indices and review UST curve movements for the year. In addition, we provide a recap of major news and macroeconomic releases in December 2025, summarise the Top/Bottom performers, recent USD bond issuances and rating actions in Asian corporate credit, as well a...
2025 was another tougher year for the Japanese incumbents; with KDDI and SoftBank rising modestly and NTT flat, but all (including Rakuten) underperforming a strong Nikkei. This despite prices rising in Mobile. We think the sector is modestly undervalued and will grind higher with EPS. SoftBank remains our top pick.
In our latest Asia Monthly, we discuss the performance of major Asian credit indices and review UST curve movements in November 2025. We also provide a recap of major news and macroeconomic releases, including those from the US, China, India, Indonesia and Japan. In addition, we summarise the top/bottom performers, recent USD bond issuances and rating actions in Asian corporate credit, as well as a list of our recent research. The Asia Monthly publication serves to keep investors updated on ...
KDDI posted better trends following a modest Q1. Revenue was 1% ahead while EBIT inflected to growth. Management has also given more clarity on the EBIT growth going into 2H, expecting a 10% growth based on its unchanged guidance which is in line with consensus. Softbank Corp remains our preferred pick in Japan, followed by KDDI and NTT.
In our latest Asia Monthly, we discuss the performance of major Asian credit indices and review UST curve movements in October 2025. We also provide a recap of major news and macroeconomic releases, including those from the US, China, India, Indonesia and Japan. In addition, we summarise the top/bottom performers, recent USD bond issuances and rating actions in Asian corporate credit, as well as a list of our recent research. The Asia Monthly publication serves to keep investors updated on d...
In our latest Asia Monthly, we discuss the performance of major Asian credit indices and review UST curve movements in September 2025. We also provide a recap of major news and macroeconomic releases, including those from the US, China, India, Indonesia and Japan. In addition, we summarise the top/bottom performers, recent USD bond issuances and rating actions in Asian corporate credit, as well as a list of our recent research. The Asia Monthly publication serves to keep investors updated on...
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