Japan Foods Sold-Out

It's about 1 year 1 month after my first post on Japan Foods. One year ago, I estimated its fair value at 0.43 and bought it at 0.39 per share (see this┬ápost). Good First Half of FY17 After its good FY17 Q1 (operating profit +30% yoy) and Q2 (operating profit +0.5% yoy) result, I adjusted … Continue reading Japan Foods Sold-Out


Belle Buy-out

Private equity firms, Hillhouse Capital Group and CDH Investments, offered to buy Belle at HKD 6.3 per share, valuing the firm at HKD 53.1bn. That's 20% premium to its last closing price of 5.27 before its trading halt. Coincidentally, in my first post on Belle, I valued Belle at HKD 5.2 - 5.4 per share. … Continue reading Belle Buy-out