CPKPF News and Press, Pokphand Co. Ltd.

2023-10-20 18:13:13 ET Summary Itochu has underperformed its peers over the last 12 months. High exposure to consumer sectors will dampen growth prospects for the medium-term. We believe a new medium-term plan will focus on continued group reorganization, and increasing dividend p...

Summary Itochu has underperformed its peer group, due to its strategic focus on non-resource businesses. Despite this, the company is executing well and raised its FY3/2023 earnings outlook and dividend per share. With a stable dividend on offer we reiterate our buy rating. ...