TSE:6503Electrical
Mitsubishi Electric Jakarta Contract Tests Growth Story And Rich Valuation
Mitsubishi Electric has secured a major contract to supply elevators, escalators, and air-conditioning units for the Two Sudirman Jakarta development in Indonesia.
The order covers multiple core building systems for a large urban project in a key Southeast Asian market.
Mitsubishi Electric (TSE:6503), trading at around ¥5,483.0, has recorded very large multi year share price gains, including a 14.5% return year to date and 87.8% over the past year. In that context, the Two Sudirman Jakarta...