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Net One---Stop high buying momentum, aligning with SCSK's TOB price of 4500 yen.
There is a buying preference for the stock hitting the upper limit. SCSK has announced the complete subsidiary of the company. The TOB price is set at 4,500 yen per share, representing a 24.8% premium over the previous day's closing price. The company has expressed its agreement with the TOB and is recommending shareholders to apply. It seems that there is a movement aiming to fully align with the TOB price. In addition, SCSK also marked a significant increase today, leading expectations for expanded business capacity through M&A activities.
November 7th [Today's Investment Strategy]
[Selected Stocks by FISCO] [Material Stocks] Maiko <6787> 5600 yen (11/6) is engaged in printed circuit boards. The financial estimates for the fiscal year ending in March 25 have been revised upwards. Operating profit is expected to be 19 billion yen (an increase of 62.9% compared to the previous year). It has been raised by about 18% from the previous estimate. The sales of high value-added build-up boards have expanded significantly, in addition to productivity improvements, cost reductions, and the impact of exchange rates, leading to an upward revision. The year-end dividend is set at 40 yen. The previous estimate was 36 yen, the year-end dividend for the previous period.
Keep an eye on Meiko, Coca BJH, JFE, and Osaka Titanium for subdued performance.
In the US stock market on the 6th, the NY Dow Jones Industrial Average closed at 43,729.93, up 1,508.05 points, while the Nasdaq Composite Index rose 544.29 points to 18,983.46. In Chicago, the Nikkei 225 futures on the Osaka Stock Exchange rose 335 yen compared to the daytime session in Tokyo, closing at 40,035 yen. The exchange rate was 1 dollar = 154.50-60 yen. In today's Tokyo market, Omron <6645> showed a decrease in the operating profit decline rate, shrinking from a 6.9% reduction in the first half to 56.2% in the first quarter, while Daikin <6367> revised upwards its financial estimates for the fiscal year ending in March 2025.
Jefferies Keeps Their Buy Rating on SCSK Corporation (9719)
Net One Systems Supports SCSK's Tender Offer
Express News | Corrected-Sumitomo Corp - Subsidiary Scsk to Offer 4,500 Yen per Share for Net One (Corrects Company Name)
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