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Investment Thesis
We have lately been upgrading some banks that we cover here on SA from a Hold stance to that of a Buy, and Japan’s largest bank Mitsubishi UFJ Financial Group (NYSE:
Mitsubishi UFJ Financial Group Continues To Deliver
Summary
- MUFG's focus on improving returns for shareholders is paying off, with a 13% return in the past three months.
- The bank's net operating profit improved by 27.6% in Q1, but net interest income dropped almost in half.
- MUFG's ownership stake in Morgan Stanley contributes significantly to its profit, and there is potential for further improvement in the future.
- A potential catalyst would be a positive interest rate from Bank of Japan next year.
Tudor Investment Holdings Private Limited is a Singapore based investment company. Its investments are in commercial real estate and managing a global portfolio of investments in equities and bonds.
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