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Mitsui E&S, Kewpie, H.I.S., etc.
Mitsubishi Corporation <8058> fell sharply by 70.5 to 2566. Nomura Securities downgraded its investment judgment from "buy" to "neutral," and lowered the target stock price from 3620 yen to 2950 yen. The slump in raw coal market conditions, along with the decline in production volume, has caused a negative impact exceeding expectations, leading to a decrease in profit levels. While the strong cash generation capability, shareholder returns, and high dividend yield may help support the stock price, the roe level for the fiscal year ending March 26 is 7%, compared to the sector average of 11%.
The Nikkei average in the afternoon session started 493 yen lower, with declines in companies such as Furukawa Electric and Mitsui Chemicals.
[Nikkei Average Stock Price・TOPIX (Table)] Nikkei Average: 38,287.13, -493.01 TOPIX: 2,681.46, -34.14 [Afternoon Opening Overview] The Nikkei average in the afternoon started slightly lower than the previous day at 38,287.13 yen, down 493.01 yen from the morning close (38,260.38 yen). During lunchtime, the Nikkei 225 futures traded in the range of 38,230 yen to 38,330 yen. The dollar-yen exchange rate was at 153.80-90 yen per dollar from around 9 a.m., a 50-yen increase.
The Nikkei average started 264 yen higher, with Dai-kin, Mitsubishi UFJ, etc. rising.
[Nikkei Stock Average・TOPIX (Table)] Nikkei Average; 39745.23; +264.56 TOPIX; 2740.64; +24.72 [Opening Summary] On the 7th, the Nikkei Average started the trading session with an increase of 264.56 yen to 39,745.23 yen, marking a third consecutive rise. The previous day, the U.S. stock market on the 6th showed significant gains. The Dow Jones Industrial Average closed at 43,729.93, up 1,508.05 points, while the Nasdaq ended trading at 18,983.46, up 544.29 points. The uncertainty was dispelled after the presidential election passed.
List of stocks with cleared clouds (Part 2) [Ichimoku Kinko Hyo: List of Stocks with Cleared Clouds]
○List of stocks passing under the cloud market Code Name Closing price Leading Span A Leading Span B Tokyo Main Board <1663> K&O Energy 3110 3335 3175 <1719> Ando Hazama 1117 1130 1121 <1911> Sumitomo Lin 5659 6480.75 5748 <1950> Nihon Densetsu 1763 1825.5 1802 <2060> Feed One 842 856.5 857 <2163
November 1st [Today's Investment Strategy]
[FISCO Selected Stocks] [Material Stocks] SCREEN Holdings <7735> 10,030 yen (10/31) Engaged in semiconductor manufacturing equipment such as wafer cleaning equipment. The earnings forecast for the fiscal year ending March 2025 has been revised upward. Operating profit is expected to be 113.5 billion yen (an increase of 20.5% from the previous year). It has been raised by about 8% from the previous forecast. This is the second upward revision of the full-year forecast for this fiscal year. The upward revision was due to factors such as the first-half operating profit of 58.2 billion yen (a 51.1% increase from the previous year), exceeding the previous forecast of 53 billion yen. "Year
Keep an eye on Mitsubishi Electric and Screen HD, while Fujitsu and Ibiden are sluggish.
In the US stock market on October 31st, the NY Dow closed down 378.08 points at 41,763.46, the NASDAQ composite index closed down 512.78 points at 18,095.15, and the Chicago Nikkei 225 futures traded in Osaka were down 710 yen at 38,350 yen compared to the daytime session in Japan. The exchange rate was 1 dollar = 152.00-10 yen. In today's Tokyo market, Mitsubishi Electric <6503> turned to profit with a 30.1% increase in operating profit from a 3.8% decrease in the first quarter, and another company showed an increase in operating profit with a 12.0% increase in the first half and a 7.3% decrease in the first quarter.
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