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TKOMY - Tokio Marine: ROE Improvement Is Key Valuation Re-Rating Driver
Tokio Marine Holdings Inc ADR
2024-07-22 04:55:41 ET
Summary
Tokio Marine stock is rated as a Buy due to its valuation re-rating potential.
The company aims to improve its ROE to 20% by FY 2026 through the sale of cross-shareholdings and the increase in capital distributed to its shareholders.
Tokio Marine is now trading at a discount to peers, but it has the potential to justify a higher P/B multiple with an expansion of its ROE in the future.
I assign a Buy investment rating to Tokio Marine Holdings, Inc. ( TKOMY ) ( TKOMF ) [8766:JP] stock. ...