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 ....
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Marubeni: Positive Catalysts Ahead, Maintain Buy