KYOCF - Bank Of Kyoto: Deep Value Japan Regional Bank With Nintendo Exposure At Major Discount
- Bank of Kyoto, Ltd. is the largest regional bank in Kyoto and trades at 32% of book value.
- Its banking business faces a challenging environment, but the bank holds a Japan equities portfolio which is worth thrice its market cap.
- Its portfolio includes a Nintendo stake, which is worth 70% of current market cap.
- Potential catalysts include tailwinds for the Japanese equity market, investor pressure and cross-shareholding regulation changes.
- A classic value style stock where one needs to watch for catalysts to reflect deep asset value.
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Bank Of Kyoto: Deep Value Japan Regional Bank With Nintendo Exposure At Major Discount