Added to YB: 2024-05-31
Pitch date: 2024-05-30
6736.T [bullish]
Sun Corporation
+131.3%
current return
Author Info
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Company Info
Sun Corporation engages in the mobile data solutions, entertainment, information technology, and other businesses in Japan.
Market Cap
JPY 103.3B
Pitch Price
JPY 3.3K
Price Target
8.0K (+5%)
Dividend
N/A
Sector
Technology Hardware, Storage and Peripherals
Category
value
Idea Hive: New Portfolio Idea — 6736.T
Sun Corp (6736.T): Trades at 59% discount to NAV, mainly 47% stake in US-listed CLBT worth ¥7349/share vs ¥3300 price. Activists Leopard & Oasis (19% holder) pushing to close discount via CLBT stake distribution/sale. Oasis has strong Japan activism track record. Upside scenarios: CLBT sold to PE, Sun sells CLBT stake, or tax-efficient CLBT distribution to holders. Downside risk if mgmt inaction, but wide NAV discount provides margin of safety.
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