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ASAHI EITO HOLDINGS tops rising sell predictions among individual investors on Minkabu
ASAHI EITO HOLDINGS CO.,LTD. <5341> ranked first in "rising sell predictions" as of 2 p.m. on the 7th in the "Individual Investor Predictions (Latest 48 Hours)" compiled by Minkabu.
Since last year, the company has announced its foray into new businesses including treasury operations and rare gas businesses such as helium and neon. On April 2 this year, the company announced that it had begun considering collaboration on trade with a listed company in Tokyo with a market capitalization of around 100 billion yen, which led to a sharp rise in the stock price as investors confirmed concrete progress in the business. Subsequently, on April 20, the company announced that it had begun considering collaboration on trade business with an end user that is a 100% subsidiary of a listed company with a market capitalization of several trillion yen and a new domestic high-pressure gas sales company. Driven by expectations for these rare gas business initiatives, the company's stock rose from a low of 166 yen on April 2 to a high of 458 yen on the 22nd.
However, as the stock price surged 2.7 times in a short period, concerns over elevated valuations have also increased, which appears to be driving the rise in sell predictions. On the other hand, expectations for the business remain strong, with the stock also ranking third in rising buy predictions.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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