Hitachi Metals - Nice Rebound Reduces Forward Reward/Risk Ratio

Event-Driven

647 Views, 06 May 2022 22:20

EXECUTIVE SUMMARY

Last week Hitachi Metals (5486 JP) reported decent earnings and strong forecasts against what is probably significantly stale consensus expectations.
"The Consortium is not aware of any significant problems with procedures/responses under the Competition Act and will continue to strive to complete these procedures and responses as early as possible."
That caused a jump, but that is the same language used in the 30 Nov 2021 release. Yes, I think this gets done, but Reward/Risk is smaller now.

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