Japan
Mercari (4385 JP)
Japan’s leading C2C trading app at 14x P/E with margin uplift potential
Mainland China
Haier D-share (690D GR) — 2025 update
World-leading home appliances business at 7x P/E. Estimated reading time: 15 minutes
Japan
AeroEdge (7409 JP)
A Japanese version of Precision Castparts at 12x 2027e P/E
Philippines
Asian Terminals (ATI PM)
Duopoly port operator at 10x P/E and 6% dividend yield
Japan
Hikari Tsushin's portfolio
Estimated reading time: 16 minutes
Deep-dives
Riverstone (RSTON SP)
An unexpected AI beneficiary at 10x next-year P/E and 8% dividend yield
Deep-dives
MAP Aktif (MAPA IJ) — 2025 update
Estimated reading time: 16 minutes
Mainland China
Didi Global (DIDIY US)
China's leading ride hailing platform at 8.4x 2029e P/E with a HK listing catalyst
Deep-dives
Haw Par (HPAR SP) — 2025 update
Estimated reading time: 16 minutes
Japan
Kawai Musical Instruments (7952 JP)
Top piano brand at 0.5x book with a new CEO and a 16% long-term ROE target
Taiwan
Giant Manufacturing (9921 TT)
The world’s largest bicycle manufacturer nearing an inflection point at 10x P/E
Japan
Anicom (8715 JP)
Japanese pet insurance company with secular growth at 13x P/E