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IHI tops Minkabu bullish forecast rankings among retail investors
IHI <7013> topped the "surging bullish sentiment" rankings as of 1:00 p.m. on April 27, according to the "Latest 48 Hours Retail Investor Forecasts" compiled by Minkabu.
IHI has been searching for a floor since hitting a record high of 4,698 yen on February 10. The stock, previously a popular play alongside MITSUBISHI HEAVY INDUSTRIES <7011> and KAWASAKI HEAVY INDUSTRIES <7012> as part of the "defense trio," has seen its price decline steadily over the past two and a half months, now trading nearly 40% below its peak. While the price appears attractive from a value perspective, concerns over overvaluation persist regarding metrics such as P/E and P/B ratios. Furthermore, sporadic institutional selling has been observed during the downturn, while retail investors have reportedly been buying on dips by maxing out their margin trading limits. This has created significant selling pressure on rebounds from a supply-demand standpoint, weighing on the stock's upside.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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