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SUMITOMO CHEMICAL ranks 5th in rising buy predictions from individual investors - Minkabu
According to the "Individual Investor Predictions (Latest 48 Hours)" compiled by Minkabu as of noon on the 2nd, SUMITOMO CHEMICAL COMPANY, LIMITED <4005> ranked 5th in "Rising Buy Predictions."
On the 2nd in the Tokyo Stock Exchange Prime Market, SUMITOMO CHEMICAL fell. Amid soaring prices of naphtha, a raw material for ethylene and other products, due to the impact of the Iran war, concerns appear to be emerging regarding the impact on the major integrated chemical company's earnings. However, with the stock trading at a low level of around 0.8 times consolidated price-to-book ratio, there appears to be strong bargain-hunting activity on price declines.
Source: MINKABU PRESS
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