TSE:8053Trade Distributors
Is It Too Late To Reassess Sumitomo (TSE:8053) After Its 103% One-Year Surge?
If you are wondering whether Sumitomo is still reasonably priced after its strong run, this article will walk through what the current share price might be implying about value.
The stock closed at ¥6,299, with returns of 11.3% over 7 days, 18.5% over 30 days, 13.1% year to date and 103.0% over 1 year, so it is understandable if you are asking whether expectations have run ahead of fundamentals or not.
Recent coverage has focused on Sumitomo's position as a major Japanese trading company and...