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大同特鋼---反落、今後は資本効率向上施策必要として国内証券が格下げ

Datong Special Steel fell and domestic securities downgraded it, stating that capital efficiency improvement measures will be necessary in the future.

Fisco Japan ·  Jul 2 22:32


Datong Special Steel <5471> fell. Daiwa Securities lowered its investment rating from '2' to '3' and also lowered the target stock price from ¥1800 to ¥1600. The improvement of profit levels due to a shift to high value-added varieties is reflected in stock prices. In the future, attention is focused on performance trends, including the expansion of semiconductor equipment stainless steel sales and the recovery of special steel sales quantities as well as efforts to improve capital efficiency, such as expanding shareholder returns. The new medium-term plan is seen as having a weak message on improving capital efficiency, while expanding investment.

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