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Melco to Merge With Buffalo Inc., Propose Name Change in 2025
Emerging Markets Stock Digest: Base Food hits limit down, Dricom significantly extends gains for the third day.
<5253> Cover 1754 +197 significantly continued to rise. The operating profit forecast for the cumulative second quarter of the fiscal year ending March 2025 (April-September 24) has been revised upward from the previous 2.401 billion yen to 3.17 billion yen (compared to the actual performance of 2.304 billion yen in the same period of the previous year). This is due to new merchandise services such as trading card games under merchandising services performing better than expected. The full-year forecast (7.3 billion yen, an increase of 31.8% compared to the previous year) has many uncertainties such as the status of event hosting, etc.
Base food---stop limit down, profit-taking sell on the rebound of the previous day's high, buying momentum fades.
Limit down. Pressured by profit-taking sales following a recoil from setting a year-to-date high the previous day. It is seen as significant material that Makoto Maki, President of Melco Holdings <6676>, has been consistently increasing his shareholding of Base Food shares (reportedly holding 24.37% based on the change report submitted on the 28th), leading to a rapid surge in the company's stock price in a short period of time. On the other hand, Global Brain, a venture support company (located in Shibuya, Tokyo), revealed a decrease in its shareholding percentage to 4.79% in the afternoon of the 29th, triggering a temporary pause in buying sentiment.
The Tokyo Stock Exchange Growth Market Index saw a sharp rebound, turning around to show strong movements throughout the day.
Tokyo Stock Exchange Growth Market Index 781.70 +24.55 / Volume 0.1 billion 98.45 million shares / Trading value 85 billion yen Tokyo Stock Exchange Growth Market 250 Index 609.88 +20.58 / Volume 73.44 million shares / Trading value 56.2 billion yen In today's growth market, both the Tokyo Stock Exchange Growth Market Index and the Tokyo Stock Exchange Growth Market 250 Index rebounded significantly. The number of advancing issues is 480, declining issues 83, unchanged 25. In the 25th day's market in the USA, the Dow Jones Industrial Average fell by 259.96 dollars to 42,114.
Emerging Markets Stock Digest: ULTZ fell sharply, while Yumetenbo hit the daily limit.
<4579> Rakoria Pharmaceuticals fell for the 10th consecutive time to 465. Rakoria Pharmaceuticals announced that through South Korea's HK InoEn, it licensed the gastric acid secretion inhibitor "tegoprazan", which China's Luoxin obtained sales approval from the National Medical Products Administration for combination therapy for Helicobacter pylori (H. pylori) infection. Rakoria Pharmaceuticals will not receive any one-time payment for this matter, but the approval in China is for the medium to long term.
Hot stocks digest (morning session): Konica Minolta, Book Off GHD, Yumetenbo, etc.
Tokyo Metro <9023>: The toro has newly listed on the main board today at 1,722 yen, surpassing the IPO price of 1,200 yen by 35.8% to set the first price at 1,630 yen, with a strong upward trend. It is considered the largest listing since SoftBank in 2018, and market interest was extremely high. Among major private railway companies, it has an extremely high operating margin level, and is highly valued for its relatively high dividends yield at the IPO price level, setting a good start as a large listing. In terms of market capitalization, it ranks high among BB.
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