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PENTA-OCEAN CONSTRUCTION surges sharply, signaling bottom reversal amid new business opportunities in submarine cable sector
PENTA-OCEAN CONSTRUCTION CO.,LTD. <1893> surged sharply, attracting attention with a rapid rebound from bottom levels. Although the stock formed a recovery high on April 8th, it was forced into a consistent downward trend from the 9th onward, but the tide changed from the beginning of this week.
As a mid-tier general contractor specializing in marine civil engineering, the company's performance is being supported by port development projects under national policies including infrastructure resilience and defense-related initiatives, while profitability overseas is also improving. The company has a strong track record in submarine infrastructure and is focusing on the offshore wind power generation sector. It plans to invest approximately 36.5 billion yen in a new high-capacity cable laying vessel (CLV) scheduled to begin operations in 2028, which presents business opportunities not only for power cables but also for long-distance fiber-optic submarine cable installation. As AI infrastructure investment expands at a remarkable pace globally, the view that the company is expected to play a leading role in the marine sector is driving renewed buying interest.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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