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Japan Post's red-letter day delivers a value gap

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Japan Post's 1.4 trillion yen (S$16.2 billion) red-letter day has delivered a value gap. Pedestrians walk past a Japan Post Bank board before its head office in Tokyo, on Nov 4, 2015.

JAPAN Post's 1.4 trillion yen (S$16.2 billion) red-letter day has delivered a value gap. Shares in the postal operator and its two finance arms soared as they made their stockmarket debuts on Nov 4. Household-name status, coupled with big yields and low valuations, helped Japan's biggest...

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