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TOTO ranked second in rising sell predictions among retail investors on Minkabu
TOTO <5332> ranked second in "rising sell" predictions among retail investors as of 2 p.m. on April 14, according to data compiled by Minkabu.
The surge in bearish sentiment follows the company’s announcement on April 13 that it had suspended new orders for unit and system baths. The supply of petrochemical feedstocks, including naphtha, has been severely strained by the closure of the Strait of Hormuz. This geopolitical crisis has led to a shortage of organic solvents required for film adhesion and coatings, forcing TOTO to halt orders.
While TOTO shares rebounded on April 14, they remain under pressure following a sharp sell-off the previous day triggered by concerns over the earnings impact of the production halt. Sell predictions continue to climb as retail investors remain wary of the potential long-term damage to the company’s business performance.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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