Kioxia Holdings' share price has fallen sharply from its peak and is now holding in the mid-¥30,000 range. Some individual investors and funds, however, view the stock as undervalued and are considering buying it.
Shares of Kioxia, Japan's largest semiconductor memory maker, remain stalled, well below the high reached at the end of June and significantly below their previous peak. Trading value has also fallen to around one-seventh of its peak, reducing the stock's visibility.
Investors managing Mitsubishi UFJ Asset Management's Japanese equity fund Japan Equity Open 35 are reportedly selecting stocks they judge to be undervalued based on their enterprise value 5–7 years from now. This has generated some buying interest from a long-term perspective.
The article is available to paid subscribers, but suggests that investors who focus on alignment with intrinsic value may continue to act on the gap between the share price and that value.