Dalton Insights

Last summer, Dalton predicted an increase in unsolicited takeover bids within the Japanese market. Eight months later, this prediction is coming true. Read more about the Japanese stock market’s potential to evolve into a true market for corporate control.

Chinese property stocks were once a material part of Dalton’s regional Asian portfolios. However, in recent years, Dalton has substantially reduced its exposure to Chinese stocks. Read more about the underlying problems in the Chinese real estate market and the …
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The prevailing opinion amongst institutional investors appears to be that the India stock market is trading at a stretched level of valuations. While parts of the market are indeed showing signs of frothiness, we believe that a segment of the …
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For many years, India has been somewhat of an afterthought for many asset allocators. Unlike China, which saw its meteoric growth coupled with a rapid increase in its weight in global stock market indices (and hence the asset allocation benchmarks …
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On March 19, 2024 the Bank of Japan (BOJ) made three major announcements: In this Japan update from Shiro Hayashi, we discuss the implications following the end of negative interest rates in Japan. Read the piece here.

With the recent strong returns of the Japanese stock market, we often get the question of whether investors (and especially those that have not yet allocated to the country) should still be enthusiastic about investing in Japan. In this macro …
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Shiro Hayashi, Director of Research, and Masumi Nishida, Senior Research Analyst, recognize the Tokyo Stock Exchange (TSE) as Japan’s most powerful activist, serving as the primary catalyst for reform in recent years. These steps towards greater transparency and increased focus …
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Senior Research Analyst, explains the “Korea Discount” in his recent commentary. Despite the high quality of many Korean companies, the “Korea Discount”, which is primarily due to historical concerns around corporate governance and capital allocation, presents the beginnings of a …
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After many years of being labelled as an eternal “value trap,” the Japanese equity market has emerged as an investment hotspot in 2023. In a world of high equity market valuations and record levels of corporate leverage, investors have rightly …
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Dalton Investments launches “Investor’s Sunday” radio show in partnership with Tokyo’s InterFM.  Join hosts Masumi Nishida (Senior Research Analyst, Dalton Investments), Yuko Ezure (Economic Newscaster), and special guests every Sunday morning as they dive into topics including investments in Japan, …
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