Hitachi Construction Machinery Watchlist
HCM – Buy for the Commodity Upswing
161 Views, 19 Jan 2022 20:39
- Hitachi Construction Machinery continues to trade under ¥3,000 following the revelation that it would not be bought out by Hitachi.
- There was little new at its conference call following the Itochu stake purchase announcement save some potential positives on the logistics front.
- Nevertheless, with the stock trading at five-year lows vs. TOPIX and Komatsu, and consensus looking light we are extremely bullish here.