UNITIKA ranks 5th in rising bullish forecasts among individual investors on Minkabu
UNITIKA LTD. <3103> ranked fifth in rising bullish forecasts as of noon on Tuesday, according to retail investor forecasts over the latest 48 hours compiled by Minkabu.
UNITIKA rebounded on the Tokyo Stock Exchange's Standard Market on Tuesday. The long-established fiber manufacturer experienced growing expectations for glass fiber demand used in AI data centers, with its stock price climbing to 4,380 yen on April 21, surging approximately 15-fold from the end of last year. However, the stock subsequently plunged due to profit-taking. On May 14, UNITIKA's forecast for a 24.20% year-on-year drop in consolidated operating profit to 8.00 billion yen for the fiscal year ending March 2027 also weighed on sentiment. However, with the stock price recently falling to the 1,100 yen range, expectations for a bargain-hunting rebound are growing.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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