Itochu Corp Watchlist
Short-Term Itochu Buyback - A Cushion, But Style Bias Matters More
191 Views, 19 Jan 2022 22:27
- Itochu today announced a buyback program to buy US$500mm+ in the next 10 weeks.
- Net income growth, a rising dividend, and balanced risk book help it perform with low beta and medium correlation to peers.
- The low volatility-relative multiple is supportive, and the buyback helps, but style bias vs Peers matters more.