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Melco to Merge With Buffalo Inc., Propose Name Change in 2025
Emerging markets stock digest: Base Food hit the limit down, Dricom significantly rose for the third consecutive day.
<5253> Cover 1754 +197 significant rise. The operating profit forecast for the cumulative second quarter of the fiscal year ending March 25th (April-September 24th) has been revised upward from the previous 2.401 billion yen to 3.17 billion yen (compared to the actual 2.304 billion yen in the same period of the previous year). This is due to the strong performance exceeding expectations of new products in merchandising services such as trading card gaming. There are many uncertain factors such as the event hosting situation in the full-year forecast (7.3 billion yen, an increase of 31.8% compared to the previous year).
Base food---stop limit down, profit-taking sell on the rebound of the previous day's high, buying momentum fades.
Hitting the daily limit down. Due to profit-taking selling pressure following a recoil from reaching the year-to-date high the previous day. It is observed as significant that Makoto Maki, President of Melco Holdings <6676>, has been steadily increasing his shareholding in Base Food shares (holding 24.37% according to the amended report submitted on the 28th), leading to a sharp rise in the company's stock over a short period. On the other hand, Global Brain, a venture support company (located in Shibuya-ku, Tokyo), was revealed to have reduced their shareholding percentage to 4.79% in the afternoon of the 29th, triggering a 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 saw significant rebounds. The number of advancing issues was 480, the number of declining issues was 83, and unchanged was 25. On the 25th, the Dow Jones Industrial Average closed down 259.96 points at 42114 in the U.S. market.
Emerging Markets Stock Digest: ULTZ fell sharply, while Yumetenbo hit the daily limit.
<4579> Rakuria Pharmaceuticals fell by 10 to 465. Rakuria Pharmaceuticals announced that Luoxin, a licensee in China through HK Innoventis in South Korea, has obtained marketing approval from the National Medical Products Administration for a combination therapy for Helicobacter pylori infection using the acid secretion inhibitor 'tegoprazan' licensed by Rakuria Pharmaceuticals. Rakuria Pharmaceuticals will not receive any upfront 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>: Priced at 1722 yen today, the toro has newly listed on the main board, closing at 1630 yen, which is 35.8% higher than the offering price of 1200 yen, showing a strong upward trend. Considered as the largest listing since SoftBank in 2018, it garnered extremely high market interest. Among major private railway companies, it maintains an exceptionally high operating margin, and is highly valued for its relative dividends at the offering price level, making a strong start as a large listing. In the BB, there is
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