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"Shin Yamamoto's Premium Report": Television Asahi H (9409)
Among the private Broadcasting key stations that are correcting stock prices this week, attention should be drawn to TV Asahi Holdings <9409.T>, which is the most delayed. While major Television station stocks are surging against the overall market trend, it goes without saying that the trigger is the scandal of Fuji Media Holdings <4676.T> and expectations for management reform. The executives responsible for years of neglecting stock declines and resulting in corporate governance failures have been purged.
The Nikkei average rose by about 180 yen, and after the Sell orders were completed, it showed signs of a downturn before turning upward = early session on the 18th.
On the 18th, around 10:08 AM, the Nikkei average stock price fluctuated around 34,560 yen, up about 180 yen from the previous day. At 10:07 AM, it reached a high of 34,567.27 yen, showing a strong upward trend. The US market on the 17th saw increased uncertainty following reports that President Trump is considering dismissing Federal Reserve Chairman Powell, resulting in the Dow Inc and Nasdaq composite index both falling for three consecutive days. Japanese stocks faced selling pressure in the morning due to the strong yen and other factors.
Expectations of acquisitions are driving the rise of low-priced stocks.
In the Tokyo Stock Market, acquisition expectations are one of the driving forces behind the selection of individual stocks. Even in cases that are not parent-child listings, there are instances where tender offers (Buyouts) occur with objectives such as enhancing competitiveness and complementing business areas, and high premiums are also observed. There are circumstances questioning the significance of listing for companies with low Market Cap and low PBR (Price to Book Ratio), leading to active speculation among investors. <Awareness of Market Cap criteria and low PBR> The largest condominium construction company, Haseko Corporation <1808.
