MARUY - Marubeni: Positive Catalysts Ahead Maintain Buy

2024-03-14 22:41:30 ET

Summary

• Marubeni Corporation has the opportunity to unlock value by increasing its dividend payout ratio and spending a greater sum of money on share buybacks.
• MARUY's full-year FY 2024 earnings, that are expected to be disclosed in May, could potentially exceed the company's management guidance.
• Taking into account the potential catalysts associated with capital return and earnings beats, I stick with a Buy rating for Marubeni Corporation.

Elevator Pitch

Marubeni Corporation ( MARUY ) [8002:JP] is still worthy of a Buy rating. I drew attention to Marubeni Corporation's ROE target and ROE improvement drivers in my earlier December 13, 2023 initiation article ....

For further details see: