Dowa Visit: Accelerating Silver Powder Growth, Higher Metal Prices Should Lift PE to Double Digits
We visited Dowa Holdings to find conditions relatively steady or strong across most segments with just the Heat Treatment segment seeing some...
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Dowa Holdings Earnings in Line With Nikkei Preview, Zinc Prices Could Drive Stock if TCs Normalise
Dowa Holdings Co Ltd (5714 JP) reported earnings on 9 Aug coming in more or less at the Nikkei's predicted JPY9bn current profit level (the result...
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Our Dowa Holdings 1Q Estimate Is 56% Above Consensus and Just 20% Below Co Guidance for Entire 1H
Consensus estimates are at JPY7.7bn for 1QFY03/18 and JPY7.3bn for 2QFY03/18 implying JPY15bn in OP for the 1H, in-line with company guidance. We...
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Dowa Holdings 4Q Encouraging Across the Board, Lower Guidance than Nikkei Preview Looks Conservative
Dowa showed across the board improvements in profitability across all of its segments in 4Q with profits for each business up QoQ and YoY. Among...
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Zinc Prospects and Share Price Fall Make Dowa a Buy Again
In our last note on Dowa Holdings on 17 Feb we turned cautious due to the rapid run up in the price since our first buy recommendation (+35% in 5...
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