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Mitsui & Co., Ltd.
MITSY.OISIN: US6068272029SEDOL: 2597061 |
Rating: BUY |
Target Price: 320.73 USD |
Investment Horizon: 6 to 12 months |
FY 2009 News Alert
Mitsui & Co., Ltd.'s (Mitsui) FY 2009 results were below our expectations. Furthermore, Management has provided cautious outlook, going forward, and expects revenues and earnings to decline in FY 2010. Therefore, we maintain our current SELL rating for the common stock. We will reassess our target price and ratings in our FY 2009 update report. As we continue to expect a significant positive currency impact on the ADR over our 6-12 month…
Company News Alert
Mitsui & Co., Ltd. (Mitsui) revised its FY 2009 revenues and earning estimates downwards, primarily due to lower demand for its products and services, reflecting the ongoing global economic slowdown. In light of this, we continue to maintain our cautious outlook for the company and do not anticipate a change in our current SELL rating for the common stock....
Company News Alert
Mitsui & Co., Ltd.’s (Mitsui) common stock price has increased significantly since our previous update report, which we believe primarily reflects recent improvement in global equity markets. However, we now believe the common stock is highly valued…
3Q 09 Update Report
Mitsui’s 3Q 09 revenues and profitability were significantly impacted by the current slowdown in the global market. The decline in global industrial and commercial activity has resulted in a significant decline in demand and, therefore, the prices of commodities, such as steel, iron ore, copper, aluminum, and oil. Furthermore, the appreciation of the Japanese yen against major currencies, such as the Australian dollar, Brazilian real and the US dollar is…
3Q 09 News Alert
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Mitsui & Co., Ltd.’s (Mitsui) 3Q 09 total trading transactions, revenues and operating income were below our expectations, while adjusted1 net income surpassed our expectation. Management has revised its outlook for FY 2009 downwards, reflecting lower demand for the company’s products. Hence, we reiterate our current HOLD rating for the common stock. We will reassess the common stock rating for…
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