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DAIKIN INDUSTRIES ranks second in rising sell predictions among individual investors on Minkabu
DAIKIN INDUSTRIES, LTD. <6367> ranked second in "rising sell predictions" as of noon on May 11, according to the "Retail Investor Forecasts (Latest 48 Hours)" compiled by Minkabu.
DAIKIN INDUSTRIES extended its decline on the Tokyo Stock Exchange Prime Market on May 11. In mid-April, it was revealed that U.S. activist investor Elliott Investment Management had built a stake in the company. Elliott has reportedly demanded approximately 1 trillion yen in share buybacks over the next several years and is proposing a review of non-core businesses. The stock price surged after Elliott emerged as a shareholder and has recently been consolidating at high levels. DAIKIN is scheduled to report its earnings results on May 12, with investors closely monitoring the announcement for any potential response to Elliott's proposals.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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