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ENEOS---大幅反発、高水準の株主還元持続期待で国内証券が格上げ

ENEOS - Significant rebound, expectations for continued high-level shareholder returns lead domestic securities to upgrade.

Fisco Japan ·  Dec 20 06:46

ENEOS <5020> saw a major rebound. Daiwa Securities upgraded its investment judgment from "3" to "2", raising the Target Price from 670 yen to 1010 yen. Considering that the company aims to achieve a mid-term ROE of 10% while working on both expanding net profit and controlling equity capital, it seems to determine that there is a certain level of sustainability in the current high level of Shareholder returns. Furthermore, it was reported the previous day that JX Metals is considering selling around 50-70% of its shareholding in conjunction with its IPO, suggesting expectations for an expansion of Shareholder returns.

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