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The trading of major stocks may decrease, leading short-term funds to flow towards IPOs.
■ Since March 27 is the last day to hold rights for Dividends and benefits, interest is expected to turn towards Large Cap stocks in the Main Board, which may lead to a decrease in trading of key stocks in the Emerging Markets. On the other hand, the Growth Market 250 Index is clearly above the 25-day moving average, despite facing resistance at higher levels. It appears that a situation can be expected where attention is focused on the recent high of 693.92 points (February 13).
Stock News Premium = <IPO> Toyoko: Roof revival spray coating is the main product.
Toyoko Co., Ltd. <341A.T> (Growth) will be listed on the Tokyo Stock Exchange Growth Market on March 28. The main service is "Sos Ltd," which revives sturdy roofs using a three-layer resin spray coating. They also manufacture and sell "CoolLaser," which removes rust and paint films from deteriorated infrastructure using lasers. "Sos Ltd" is a method developed in 2006 that sprays a special resin that hardens instantly onto aging roofs for reinforcement. The second layer (SosE
Book how to read: Toyoko "Hold" (Book period: March 12-18)
The preliminary conditions for Toyoko <341A.T> (Growth, Construction) have been set at 700-730 yen. The estimated PER for the period ending in March is 53.7 times. Roof spray coating construction is the main focus. It is a company with a unique business model using proprietary technology and is attracting attention. Expectations are for significant growth this period and a projected return to profitability. On the other hand, the absorption amount is on a large scale at 3 billion yen, raising concerns about supply and demand. While there is a possibility of an unexpected rise, there is also strong uncertainty, thus the book will be rated as 'Hold'. (Kentaro Koizumi) Provided by Wealth Advisor.
<IPO Stock Profile> Toyoko
On the 25th, the Tokyo Stock Exchange approved the IPO (initial public offering) of Toyoko Co. Company name: Toyoko <341A.T> Scheduled listing date: March 28 Listing market: Growth Business description: Manufacturing and sales of "SOSAI," which revives roofs with a tough spray coating of three layers of Resin, and "CoolLaser," which removes rust and paint from aging infrastructure using lasers. Bookbuilding period: From March 12 to 18 Lead underwriter: SMBC Nikko Securities