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  "documentTitle": "Keisei Electric Railway (9009 JT)",
  "authorId": "24_Palliser_Capital",
  "authorName": "Palliser Capital",
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      "text": "Currently Trading at a Huge 43% Discount to Intrinsic Value",
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      "text": "1. Japanese Railway Company with $5.9bn Mcap, $10.4bn Intrinsic Value and $10m ADV. 80% of intrinsic value invested in 22% non-core stake in Oriental Land Co. 2. Currently Trading at a Huge 43% Discount to Intrinsic Value. 3. Visible Progress on Palliser’s Engagement – 8th Largest Shareholder with 1.6% Stake. 4. 76% Upside Potential with Path for Further Value Increase.",
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      "text": "upside potential: 76%",
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      "text": "Note: (1) Calculated based on OLC NOSH ex treasury shares. (2) As per 2023 AGM Convocation Notice. (3) Based on shares held as of 30th September 2023. (4) Tokyo Stock Exchange.",
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      "text": "Keisei Electric Railway (9009 JT) – Immense Upside Opportunity for All Stakeholders",
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