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Mitsubishi Heavy Industries ranks third in rising buy predictions from individual investors - Minkabu
Mitsubishi Heavy Industries <7011> ranked third in retail investor buy predictions as of noon on May 13, according to Minkabu’s latest 48-hour sentiment data.
On the Tokyo Stock Exchange, Mitsubishi Heavy rebounded for the first time in seven sessions. The company announced its earnings on May 12, forecasting a record consolidated net profit of 380 billion yen for the fiscal year ending March 2027, up 14.4% year-on-year. While the stock initially fell following the report due to a projected 11.2% decline in annual order intake to 6.8 trillion yen, buying interest has since returned. Market sentiment remains upbeat on steady demand for Gas Turbine Combined Cycle (GTCC) power plants and sustained growth across the company’s energy businesses, fueling expectations for a recovery in the share price.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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