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TCL Associates

Chuo-ku, Tokyo, Japan

Member since August 23, 2013

  • Tokyo Based Equity Researcher TCL Associates releases its list of IPOs that they expect to hit the market the week of August 12th. Companies in a range of sectors from REIT, reinsurer, and medical services will have their IPO. Aug. 14, 2013 - CHUO-KU, Japan -- Independence Reality Trust (IRT) is a real estate investment trust that owns properties in six American states. They will offer 4 million shares with a price range of $10 to $11 with the intention of raising $42 million. If successful Independence Reality Trust would have a market value $101 million. The company was founded in 2009 and is based in Philadelphia, PA. Over the past year they have recorded $17 million in sales. JMP Securities, William Blair, Compass Point, and Ladenburg Thalmann & CO are underwriting the deal. Envision Healthcare (EVHC) who provides ambulance and outsourced medical services will offer 35 million shares with a price range of $20 to $23 with the intention of raising $753 million. If successful Envision Healthcare would have a market value of $3.9 billion. The company was founded in 2011 and is based in Greenwood Village, CO. Over the past year they have recorded $3.5 billion in sales. Bank of America Merrill Lynch, Barclays, and Goldman Sachs are underwriting the deal. Third Point Reinsurance (TPRE) is a casualty and speciality property reinsurer will offer 22.2 million share at a price range of $12.50 to $14.50 with the intention of raising $300 million. If successful Third Point R...
  • The new QI-System launched by equity researcher TCL Associates will aid corporate clients in managing risks and maximizing profits. The algorithm employs several strategies including trend following and statistical arbitrage. Aug. 09, 2013 - CHUO-KU, Japan -- TCL Associates today announced the coming launch of their QI-System, a trading algorithm that allows the use of a number of portfolio level instructions, including cash balancing and risk neutralization. Using more than 50 different risk indicators, the QI-System enhances execution by correlating assets, volatility, and projected market impact. Resulting in better execution and risk management. At its launch, the proprietary system will not be made available to the general public. It will only be available to corporate investors through a secure web platform. Asian Market Analyst Mr Robert Todd at TCL Associates said “of course this new digital platform will produce strong results, but it will in no way make our analysts or staff members redundant”. The QI-System is a high-frequency trading algorithm that utilizes computers to make complex decisions based on electrically received information to initiate orders, before human analysts are able to process the information received. The new algorithm employs a number of strategies to maximize profits including; trend following, which profits from the rising and falling of stocks and futures using moving averages to determine general market direction and initiate long...
  • TCL Associates Names New Executive Director

    Community, Communication Design

    The equity research house, TCL Associates today announced the retirement of Takahashi Shou, and names Satou Ren to its Board of Directors. Mr Satou has more than 20 years of experience in the financial sector and will be a valuable asset to the firm. Aug. 07, 2013 - CHUO-KU, Japan -- TCL Associates is pleased to announce Satou Ren will join the board as a Non-Executive Director assuming the place of Takahashi Shou as he retires from the company. Chairman of the Board, Souta Tochigi commented, “I would like to thank Shou for his years of dedication and hard work for TCL Associates. I wish him all the best with his future plans. Mr Satou is a dynamic innovative leader with deep market knowledge. In this role he will help to improve the effectiveness and efficiency of our organization and lead a strategic response to our fast moving industry. His insights and experiences will help ensure the continued responsiveness of our services to our customers ever evolving investment needs.” Satou Ren received his degrees from the School of Economics at The University of Osaka in the early eighties; His master’s degree is in Management Science and Business Administration which focused heavily on research into interdisciplinary areas. While there he contributed to their world renowned journal, “International Economic Review.” Mr Satou later qualified as a Chartered Accountant after training with Arthur Anderson. Later he worked in mergers and acquisitions at the board level for mo...
  • TCL Associates Reports Quarter Two Financial Results

    Communication, Communication Design

    TCL Associates a Tokyo based equity researcher published its second quarter financial results on Wednesday. Retail had a solid quarter on the back of a strong Japanese market and asset management had its best quarter since 2007. Aug. 08, 2013 - CHUO-KU, Japan -- TCL Associates on Wednesday announced its consolidated financial results for the second quarter of the calendar year ending December 31st 2013. Net revenue in the second quarter increased 14% compared with the same period last year, and income before taxes was 11% higher. Net income for shareholders jumped by 10%. “We had an excellent second quarter with revenues increasing across the firm and income steadily rising and year on year income from our core business segments is at the highest level in four years,” said Mr Souta Tochigi Chairman of the Board of Directors. “Our retail division performed better than expected with sales up significantly from the last quarter of last year, largely due to an increase in sales of equities and investment funds when the Japanese markets began to rally in April and May. Asset management reported higher revenues and income as assets under management increased. Our Equities and Investment Banking Divisions reported gains in revenues also due to the Japanese market rally.” said Robert Todd a Senior Market Analyst at TCL Associates. “We are continually in the process of lowering our base costs and building a platform for earnings to contribute to economic growth by implementin...