MITSY News and Press, Mitsui & Co. Ltd. ADR From 01/25/21

Berkshire Hathaway's ([[BRK.B]] -0.8%) ([[BRK.A]] -0.5%) investments in five Japanese conglomerates are being pressured by holdings in fossil fuel companies and by investors' perceptions that the firms' business depend heavily upon such unglamorous industries as energy, mining, and infrastruc...

Vale (VALE) says it is buying out minority stake partner Mitsui (MITSY) in a Mozambique coal mine and port project for $1 each, and plans to sell the assets as it works to become carbon neutral by 2050.Vale says it will seek to divest the loss-making Moatize coal mine and Nacala Corridor...

Berkshire Hathaway's investment in Itochu underlines its status as the most competitive Japanese trading house in China. Itochu's treatment of CITIC Limited as an equity affiliate is no longer a major concern. The shares are a buy given the company's Asian focus which should provi...

Mitsubishi Corp shares are cheap, with a prospective free cash flow yield of 8.3% and a dividend yield of 5.1%. Management has a positive stance towards shareholder returns, aiming for progressive growth in dividend payments. A blue chip trading company with a balanced portfolio, ...

With bond yields stuck at historic lows, the best yield opportunities are clustered in the equity markets, Barron's says in this weekend's edition, ranking income investment categories for 2021 from first to worst: energy pipelines, U.S. dividend stocks, overseas dividend stocks, electric uti...

It remains unclear whether Veolia will be able to complete its proposed takeover of Suez. In the meantime, Veolia keeps delivering strong operational performance and implements organic growth projects. Veolia's stock trades at a sharp discount to other large waste and water utilit...

Itochu Corp. is still trading about where it was prior to Berkshire Hathaway's disclosure of its 5% stake in five Japanese trading companies. Itochu is the largest and one of the most diversified of these five conglomerates. The record quarterly profit represents an impressive bou...

The five Japanese trading companies Warren Buffett disclosed ownership of in August are now priced below where they were before the announcement. Mitsui and Itochu stand out in terms of EBITDA margins and growth as well as return on equity. The market seemed unimpressed with the c...

Engie ([[ENGIY]] -1.8%) and Mitsui ([[MITSY]] -1.0%) have sold a 75% stake in their newly established Australian Renewable Energy Trust to Infrastructure Capital Group, an Australian fund with A$2.5B of equity under managementTerms of the deal were not disclosed but according to sources,...

Chevron ([[CVX]] -0.8%) says it has resumed arbitration proceedings with Thailand's government to try to resolve a dispute over who should pay for removing offshore assets in the Erawan gas field.The move comes a year after Chevron suspended the legal process to allow more time for talks with...