TSE:6268Machinery
Nabtesco (TSE:6268) Could Be 32% Overvalued As Buyback And Guidance Lift Sentiment
Nabtesco (TSE:6268) has drawn fresh attention after its board approved a share repurchase of up to 4,000,000 shares for ¥15,000 million, alongside a modest dividend increase and upgraded full year earnings guidance.
See our latest analysis for Nabtesco.
The cluster of announcements on 31 July appears to have shifted attention back to Nabtesco, with a 1-day share price return of 2.37% and a year-to-date share price return of 30.60%. This contrasts with a weaker 90-day share price return that...